Falanx Share Discussion Threads

[yump] 08/11/2022 16:30

I'm not being cynical, I'm just telling you what you can see about the business if you look - independently of the share price. Its all there - years of it.

If you want to punt on it improving, good luck.

I've been caught before trying to second guess rises in bombed out stocks that have failed to prove their viability. You're totally reliant on others buying a story of possible improvement before its happened, with the 'evidence' for a possible improvement having appeared several times before and come to nothing.

[wololol] 08/11/2022 14:58

Yump has lost significant money on this share so they are going to have a cynical view of the stock. One man's loss is another man's gain and so I am building a large stake here as the company seems to be on the upward spiral in terms of company performance and share price. Time will tell and the market will decide. The price action is the best I've seenin the several months I've been invested an the 20dma has just crossed the 50dma so very bullish.

[clocktower] 08/11/2022 14:53

I assume you have suffered losses here yump and that is what keeps you here, and I welcome the warnings which help prevent those that ramp these types of stocks but I am not suggesting for one moment that Wololol has or is doing that, as it is clear from what I have read on the thread, that he/she has taken a very positive size stake, and I think said would increase it if further funds were available at the time that was written, I seem to recall.

If I am wrong please correct me Wololol, its just that I thought I had read that on the thread, it may not have been you.

[wololol] 08/11/2022 14:06

Ok let's see what the market thinks. I think the share price will go up substantially so let's talk in 1 month yump to see who was right

[yump] 08/11/2022 13:51

2 sides to this:

Can you make a few quid on the hope the share price rises. That depends on people not really assessing the business itself but just looking at share trades and stakes by known or unknown investors that might or might not shift the share price.

Or do you judge it by its continual failure as a business to show that its viable. The latest RNS is nothing to shout about.

Plenty of other trashed shares that have done very little wrong, other than being in the wrong place at the wrong time.

FLX has been in the right place at the right time. The results are therefore even more shocking. They haven’t even got rid of the incumbent CEO.

[clocktower] 08/11/2022 13:02

£230k in one AIM stock with very limited liquidity is a huge amount of stock, and unless a new insti is willing to take them off their hands it's going to drag them along like a load of fishing gear does when a whale gets tied up.

Of course they might have offloaded just to provide more liquidity and entice a number of small penny stock fishermen/women to pick up some to put in the pension scheme, as it is likely to take a year or two, if indeed they are successful, and the cash lasts and the debt is not the dragging fishing gear.

If we see buyers take it over .73 like last Friday and we do not see the big seller back, I may start to consider your valuation, which imo is rather high but of course the sales growth looks very good, if the NNN team can keep some traction and maybe announce some big contracts, even if they are unable to name them because it maybe sensitive information.

Still, I am sure some must be taking on board what you say and buying.

Good Luck though but I am also thinking about what yump had to say.

[z1co] 08/11/2022 12:55

For the current year ending March 2023 expect a very strong H2 compared to H1.

When the company provides further information next month regarding it's current trading so far for H2 the share price will take off.

Demand for the company's products is very strong.

A snippet from the results at the end of September:

"Orders for our core services are already up by over 18% and we are expecting further growth in orders for the second half of FY23, and with ongoing significant growth thereafter".

Sales orders for our core services in the first five months of FY23 were 18% ahead of the same period in FY22. This includes five new MDR deals which we sold, with a total minimum contract value of over GBP0.2m, with the potential for significant expansion and extension beyond this. Three of these MDR deals were signed in August 2022 when we also signed up two new Tier 1 partners. Furthermore, we have also won our first four clients for CVS and also sold more than 1000 f:CEL licenses.

[wololol] 08/11/2022 12:22

Clock what you have to remember is the share price would not be down here if it wasn't for Amati selling a few. Hence this is bargain territory for the retail investors. Amati only have £230k worth of shares. They have skimmed virtually all their positions. If they want to sell let them sell they will be selling at a loss. What you have to think about is what the true value of the company is which is certainly not £3million. Long term mind set this is worth about £10million on current metrics. The other institutions have not old a bean and a new non exec investor now on board. He will probably get 1 or 2 new insti investors on board to place all the Amati shares if Amati so want to sell. All I know is I'm buying a massive position here and the rewards will be huge. December interims due in 4 weeks should be very bullish and the share price could rerate from there.

[clocktower] 08/11/2022 11:57

It seems there has been a battle of two views on the thread, as I read through it. I had previously looked at the last report and the history of the BoD etc and what has been concerning is that Amati Global Investors Limited have been selling down from over 12% fairly recently, and I wonder if they are going to slowly dump the rest, bring the share price down even further.

Could be all sorts of reasons they have done this and maybe still are but 8% of the stock is still a lot in their hands Wololol. You would need a deep wallet to take the opposite view. Still we shall see if they pick up any big new contracts, as I noticed this is what they are focusing upon, and I expect the defence industry is very busy and will be open to hearing what the companies NNN team can offer.

[yump] 07/11/2022 23:52

No way is it a solid stock - that's nonsense.

The same CEO for years, in a market that is supposedly expanding and just look at the share price chart - says it all - without even looking at the annual results history.

How on earth can you fail to make a profit from cyber-security ? There is no answer to that question that says anything good about Falanx or the BOD.

[clocktower] 07/11/2022 17:21

Cheers Wololol - the problem is the wide spread for some, which is off putting I guess. While there was a fair few decent buys, I wonder if the buyer sold a few as the share price rise attracted other buyers because of the sudden volume. So if the early buyer did sell some later on, the net amount they are still holding might still be a fair amount just waiting for a number of buyers to take up the slack so they can unload at a small profit but having worked the share price up.

If not they may be waiting for sellers, so to have another bite of the cherry, if it is as good as you suggest.

Good to hear your views on this though Wololol and it is very tempting at this level BUT will the cash last until it's profitable. Lets hope so but not willing to put my shirt on it yet.

Lack of liquidity is the other issue but if your holding a big stake good luck, I will be following with great interest.

[clocktower] 07/11/2022 15:32

Such volume last week and today it's dead - even the thread is dead today. So are we stock at .60/.70 on the face of it and for how long?

Many here must be well underwater but can the company really turn it around?

[z1co] 06/11/2022 12:56

I made money this week from OSI which rose about 130% intra day on it's strong quarterly update and it only has £320,000 cash.

FLX's cash at 30/06/2022 was £2.7m and a market cap of only £3.4m.The company expects this cash to be sufficient to see it through to profitability.

The company is very bullish regarding it's current trading.

"The recent investments in sales, marketing and new products has created a considerable pipeline of new business which is more significant than at any time in the Group's history".

They had a very strong August and if this trading momentum continues in September and in to H2 then on it's next update expect the shares to rise very strongly.

[dave4545] 06/11/2022 12:28

Yump

While I agree with everything you say everything that seems to go nuts is not profitable, when was the last time you looked at the top % riser and it made money.
All that matters for most now is momentum. I've got stocks making half their market cap in profits and they just do not move or it takes a lot to move 3%.

I am def more cautious with these cybersecurity stocks, they all seem to be losing a lot of money atm. Osi is good at hype but they still lose million. Flx say they can reach break even but until it's done I'm cautious.

It's more of a overhang play with Amati than a fundamentals play

[yump] 06/11/2022 09:55

Its not profitable. The cash is mainly from the sale of Assynt and they’ve also taken on debt.

Don’t you know an emergency rescue when you see it ? No hope of going to shareholders for money.

However, as usual when dredging for bombed out rubbish, it should be possible to get enough folk excited, to make a quick buck on any rise.

Especially with a share that looks cheap because its less than 1p a share.

Why not try it with a £5 share - now there’s a challenge for you.

[z1co] 04/11/2022 14:15

The company provided update for 5 months to August at the time of their results.August was a good trading month for the company.

From the rns:

"Three of these MDR deals were signed in August 2022 when we also signed up two new Tier 1 partners".

In the next Trading Update or Interim results the company will provide more information regarding business for September and October.If the momentum from August has carried through in to the 2nd half i expect the share price to really start motoring upwards.

[palisz] 04/11/2022 13:29

It is quite possible they have placed their entire stake, would explain the move.

We'll find out pretty soon, and yes if true would expect it back above 1p very quickly. (Not advice)

[wololol] 04/11/2022 12:38

Maybe Amati have just trimmed their position like they have with other stocks and dont want completelty out. Im hopeful that is the case and if so we should get back to 1.5p extremely quickly.

[dave4545] 04/11/2022 12:34

2 v 1 on L2 0.6-0.65p

Looks strong, weird because Amati still have a good 40 mil to clear+

Perhaps the mm's are trying to induce buying like they are in WBI which has a monster seller so they go blue and nudge it up and people pile in

[z1co] 04/11/2022 11:02

Wololol,

Looks like finally it's about to rerate fingers xxx.

[wololol] 04/11/2022 10:46

Thanks for sharing Zico. I just tried to get my wife £3k but it was NT. Cant even get £1k.This has to be one of the most undervalued stocks ever. £3million+ in the bank, I estimate £4.5million revs this year and profitable. Directors have significant skin in the game especially Mike Read. Cyber security one of the fastest growing markets forecasted over the next decade at 13% cage and currently valued at under £3million. I'm already holding 2milion but want to get up to 4million.

[z1co] 04/11/2022 10:27

3 x 1,000,000 buys and offer is drastically reduced to only 100,000 shares.

A few more buys and this will finally start rising.

[wololol] 02/11/2022 08:13

Re reading the full year results there won't be a separate trading update. They said the first 6 month March - sept will be similar to last year but the second half will be much stronger. This is due to them winning significant contracts in August/ September time so the revenues won't be recognised to the second half. Also more of the 6 million pipeline will get converted in the second half. I think they will do £.1.8 million first half and £2.8million second half so about £4.6milion revs for the year which would mean profitable and cash flow positive.

[z1co] 01/11/2022 17:59

A strong trading update from FLX and we could have rise similar to what OSI did today.