Falanx Share Discussion Threads

[dave4545] 09/5/2022 06:37

RNS but advfn not working yet this morning

FALANX GROUP LIMITED

(the "Company")

Developing Partnership to Provide M-EDR to UK Customers





Falanx Group Limited (AIM: FLX), the AIM listed cyber security business, are pleased to announce that ESET, Grove and Falanx Cyber are working together to promote Managed-Endpoint Detection and Response (M-EDR) solutions and services to customers across the region.



The ESET EDR capability is a leader in its field providing customers with protection from advanced persistent threats. The cloud-based version is now available enabling customers in the hybrid network environment to have full protection and control.



Additional value to the solution is gained from having it "managed and monitored 24x7". This involves having "eyes-on-glass" to delve into the areas that are highlighted as requiring further investigation. Falanx Cyber have the infrastructure and expertise to ensure that the EDR is "managed" effectively.



Grove have deep experience of helping organisations bring products to market at all stages of their development cycle.



EDR is a growing market and M-EDR is a crucial component to combat the threats posed as organisations evolve, the way they work changes, and the threats become more sophisticated. Together ESET, Falanx Cyber and Grove have the software, solutions, tools, and people to drive further adoption of an M-EDR solution.



The service has been live for some time and will be formally "launched" at CYBERUK 2022. The National Cyber Security Centre is proud to present CYBERUK 2022, the UK Government's flagship cyber security event, in ICC Wales, Newport on 10-11 May 2022.



Rick Flood, Managing Director Falanx Cyber, commented:



"We are excited to be partnering with ESET. We have been looking for a partnership with a vendor who is steeped in security and ESET is exactly that. They fully understand the need for a SOC service behind their EDR and we are proud that they have chosen us."

[dave4545] 08/5/2022 08:21

OSI down to £4.14 mil market cap FLX down to £4.47 mil market cap

OSI has £0.7 mil cash last reported FLX has £4.3 mil cash last reported.

OSI lost over £3 mil v FLX lost over £700k

OSI needs to raise more funds FLX obviously does not.

And still punters buy Osi, probably still on the back of that recent 300% spike

[dave4545] 22/4/2022 08:35

Weird it's 250,000 max online at 0.9485p but there's meant to be a seller with 66 million.

Perhaps they are only selling at 1p+

[dave4545] 21/4/2022 06:34

OSI makes FLX look the stand out value stock in the sector although both are still losing money but OSI results and cash burn today are a shocker and somehow it has risen over 300% recently while FLX valued way less, has way less losses, way more cash, similar growth remains totally friendless because of the overhang and around all time lows

[guy gibson] 19/4/2022 10:04

Do FLX have any actual solutions they've developed themselves? Or are they just leveraging open source solutions to deliver a service?

[livewireplus] 08/4/2022 15:13

RNS out for Amati Global Investors unloading another lot of the shares : 1.9m of them this time ....

[dave4545] 07/4/2022 17:36

10 million it was

Delayed it a whole day, decent price 0.942p, looks like a buy but average price worked sell because of all the buys at 1-1.1p too

So 77.5 becomes 67.5 mil.

Not sure if they clear a couple of million today.

[dave4545] 06/4/2022 16:07

Suppose the upside of a "distressed" seller is you get a very low entry price and size.

mm's have not printed how many they worked today from the seller. I'd guess it would be 5-10 million easily.

[toffeeman] 06/4/2022 15:13

Crikey - another Amati disaster along with Polarean, ABDP Ixico Evgen Heiq - not a good performance.

[dave4545] 06/4/2022 12:53

366972 just now paying 1.09p selling for 0.888

No patience deserve their losses

[dave4545] 06/4/2022 12:37

Day traders, how are any of them making money.

Some idiot bought 1.44 mil at 1.02p and sold them less then a hour later for 0.9p and that's before the RNS had showed up.

£1600 loss

[rodney101] 06/4/2022 11:52

Few more days like today and the overhang should clear cyber security sector is flying OSI up over 200% from its lows has less cash and less revenue than FLX:Falanx year has just ended, management was upbeat when they reported H1 numbers Imo Trading update should kick the share price into life

[dave4545] 06/4/2022 11:24

On Target

Yeah must admit I did groan when I saw the number left, you can knock off 10 million though from that number from this morning buying before it shifted.

I'm ok holding, £650k's worth left to shift below 1p it's not a fortune but I guess that kills the traders playing unless volume shoots up again

[on target] 06/4/2022 11:03

And there's your answer - it's Amati AIM VCT plc.

[dave4545] 06/4/2022 09:57

Back under 1p to buy.

Wonder who is supplying the stock

[dave4545] 06/4/2022 09:44

Still printing shares.

Looked like overhang had cleared at 1.1p to buy but drifting online already back to 1.0375p currently

[dave4545] 06/4/2022 08:22

OSI up 200% nearly in 2 days

Flx same sector worth £4.74 mil with £4.3 mil cash

When this overhang clears will be a easy 20% profit maybe more on a trade

[jonesy100] 03/4/2022 11:56

There could be a range of reasons why they are buying - eg. institutional selling that could otherwise push the share price further down during a period of no significant news. However, I tend to agree that it is probably a positive sign. Lots of hiring going on at the moment too, but difficult to tell how much is expansion v. replacement. Maybe both. Overall, the problem remains much as everyone here has said. Early hype followed by little clarity that product set is inspiring significant up-take. Agree next update will be critical, but wouldnt be surprised if it is more jam tomorrow.

[palisz] 03/4/2022 08:35

I guess it's all relative to their individual net worth. But if the company was really going down the toilet then why bother. Just do nothing. Also these regular purchases are a relatively new development. Just maybe their security software and the deals they have are starting to work. Definitely the right sector. Either way, with cash (agreed undetermined amount) on the balance sheet it seems a short term reasonable bet. The next set of figures will be the make or break very likely. Anyway I've taken a small punt. Nothing life changing for sure. I should add I've previously bought at 1 and sold at 1.5 so really low risk stuff. PS. Not advice. gamblers only.

[mashman] 02/4/2022 18:31

It's hardly money, is it? Ian Selby keeps buying a couple of grands worth every time his card has credit. Thing is, why?

[palisz] 01/4/2022 09:13

Interesting Paddy. I guess the 5 times the management have bought in the last 3 months doesn't suggest things are getting better... they just like throwing good money after bad?

[paddyfool] 01/4/2022 07:35

They just can't find a market. Others in the sector do. This has been the case for years here. The only conclusion you can get to is they do not have the products nor the reach to succeed. To change these two facts is hard and expensive. They have tried many times and the sources of cash have lost their appetite through the repeated failure. It's all over here the only question is when.

[wskill] 04/3/2022 10:18

Darktrace have increased guidance twice in the last 3 months we are in the right sector definitely ,our turn for a little time in the sun is maybe due.