Share Name Share Symbol Market Type Share ISIN Share Description
Falanx Group LSE:FLX London Ordinary Share VGG3338A1075 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 7.50p 7.25p 7.75p 7.50p 7.50p 7.50p 218,576 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 2.7 -1.7 -1.5 - 11.80

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DateSubject
25/9/2017
09:20
Falanx Daily Update: Falanx Group is listed in the Support Services sector of the London Stock Exchange with ticker FLX. The last closing price for Falanx was 7.50p.
Falanx Group has a 4 week average price of 5.63p and a 12 week average price of 5p.
The 1 year high share price is 10.13p while the 1 year low share price is currently 3.50p.
There are currently 157,290,075 shares in issue and the average daily traded volume is 1,054,781 shares. The market capitalisation of Falanx Group is £11,796,755.63.
14/9/2017
00:26
kaka47: Falanx Group Ltd Q&A with new Chief Technology Officer Richard Morrell (LON:FLX)Q1: Richard, what are the drivers for you to join Falanx Group given your security background and your current CTO role at Gartner Inc?A1: I've spent the best part of 20 years in the open source community and what we call the open source industry now. Prior to Gartner, I was Head of Security Strategy at Red Hat for nearly 7 years and while they're very much exposed to the growing burgeoning needs of many enterprise organisations to burst out from their traditional network environment to other environments such as cloud service providers and outsourced IT providing, in fact software as a service. One of the major problems that I would come across on an almost daily or weekly basis, never mind the territory I was in, was the fact that all of these hosts, these physical hosts in your network environment and in your architecture, all of them produce massive amounts of ever-changing data. That data, that output data, requires, or I always thought, required some form of 'sleeping policemen' if you will, a device or a service that would sit on your network. This would give you a fighting chance of finding the trending information on your platform to give you the ability to react against threat or to react against an emerging zero-day exploit or potentially insider threat on your network, if you're looking at the data that's coming off the hosts and the applications that you're running, at least you have a fighting chance of being able to remediate fast.With many organisations that we were dealing with at Red Hat, and also at Gartner, you spent tens of millions of dollars or pounds building that customer facing organisation for example and you might spend £1-2 million on your IT infrastructure. As we saw with many companies, including TalkTalk Telecom Group, reputation is all that you've got and when you have a potential outage or a leakage of information, especially where it's personal private data which could include credit cards or the like, customers tend to leave by the front door, you tend to get churn and they don't tend to come back. The cost of trying to grab those customers back hits you in the bottom line, it hits you in the share price and the shareholder confidence. Falanx Group, when I sat down with them in February this year, I sat down with a guy called Jay Abbott and very much when I looked at the architecture that he was designing, he'd taken a completely utterly left-field approach to understanding how you orchestrate and enrich data sources. I had to do a double take and it's very rare when you've spent the time that I've spent working in organisations such as Gartner, such as Red Hat, to meet someone who can both complete your sentences but also who can catch you blind with a very unique way of trying to solve a very difficult problem. The driver very much was that he's a guy that's got a technology, who doesn't necessarily have all the answers, but what he does have is a feature-driven stack which no one else in the market has got and my concern at that point was then how do I marshall this guy's talents into a way that I can make money out of it. I'm very very blessed that now having met the rest of the team that Falanx Group have got, it's almost like when you meet the Beatles. They've got some very very capable young individuals and also very capable, what I would call ethical hackers there, who understand the pressures and the drivers and issues that many see CSO's and many Network Operation Managers and organisations face on a daily basis. It enables to tell a story with a full quiver of arrows on my back rather than having to try and find the pieces to tell the story, it's a comfort blanket if you will and I feel very comfortable joining an organisation where I know that I can help them tell that story and carry that message to market.Q2: So, what is the opportunity and what are the competition like in the marketplace for Falanx Group?A2: It's strange because if you look at how major organisations take this problem, they generally work with a system-integrator partner, they would with a CGI or a Capgemini or a British Telecom or one of those organisations. They will essentially pipe the information from their network switches and their hosts into their managed platform and they will pay huge amounts of money for that privilege, absolutely huge amounts of money for that privilege, but if you look at what the service providers' doing, the service provider, all of them are trying to do the same thing with about 80% of the common functionality. So, they've probably got some Splunk in there, they've got a proprietary database in there, they've got maybe some Carbon Black or some other endpoint protection software in there and then the rest of it is all their commercial smoke and mirrors. The cost of doing that for many organisations can be £1.5-3 million a year, this is not peanut money, this is serious wedge but the problem is, for small to medium enterprises and for companies with maybe 400, 500, 600 employees and a couple of locations, that's more than the entire IT budget. All the IT Managers and all the CSO's and CIO's all trying to solve the same problem which is we want to understand what is going on in our network, we want to understand what's going on on our platforms and we want to reduce the liability we have as an organisation. So, the competition out there is really hard to peg because there really isn't much, when I sat down and looked at the competing products from Cisco, from F5, from Fortinet, there's really nothing. What they have is they have enablers, pieces of technology that fit in that stack. What Falanx Group have done is they have taken a very open source approach by using proven scalable components that are used by the likes of Google and LinkedIn, US National Security Agency etc. to build a combination of tools and technologies that scale without having to have the proprietary cost contained within that stack which you would normally get from a service provider/integrator partner. So, by cutting out the ownership costs of that Splunk technology, that proprietary database, the underlying hardware, they're coming in with a value proposition which doesn't stack up to any competing product in the marketplace. There's nothing, you can't go on to the floor of an RSA conference and buy the equivalent of what Falanx Group are selling as a service because no one has invented it yet and that's the great thing for me, that's the attraction for me when I start thinking how this stacks up in the marketplace. It's got a huge value add because it makes common perfect sense to so many stakeholders within the businesses that they're talking to.Q3: Where do you see the growth for the service as it ramps up?A3: So, we're seeing a huge amount of customers who are deciding that they just haven't got the money to go and build out data centres, more and more customers are spooling out to multiple cloud instances. So, I did a survey with IDC, Gary Chen did a survey for me at Red Hat about 2 years ago, and we asked customers how many clouds they had, as a rule of thumb in the cloud department at Red Hat, globally we thought maybe 2 or 3 customers. What we found is that the majority of customers had between 4 and 7 clouds so maybe a sales force instance, maybe people going out to Amazon with credit card, Google, Rackspace, whatever and all those disparate types of environment are all pressures on the CIO or the IT Manager to be able put his governance and his controls and his security mandates around. With things like GDPR coming along, the onus is on the organisation to make sure that their data privacy is correct but also, and everywhere, that they can prove what's going on with both the data that's in play that's running on encrypt across the cloud but also how they're provisioning those applications and the life cycle of those applications in cloud. I think there's a real opportunity to start being able to act very much as this marshalling service, to be able to tell a comprehensive story to the marketplace. There's another bigger picture and that is that I've been working with service providers such as Eurotech in Italy and with Siemens and with Philips and with General Electric who are all providing vectors around internet of things (IoT). They're producing manufacturing devices, at scale, for service provider partners across multiple global industries so ranging from domestic electric supply for smart metres into hydroelectric plants and the list goes on. One of the things that MidGARD does from Falanx Group is it enables you to start thinking about taking a step back as a service provider and removing away your fixed costs of servicing devices in the field and reducing your liability for being able to understand what those devices are doing in the field especially if they are in a 'not always on' configuration. You don't want to have to send 50 service engineers to go and replace 1,800 devices, the cost is absolutely astronomic but also you don't want to have theft of service, you don't want to be in a situation where IoT devices potentially taken over by a botnet such as we saw with Mirai. MidGARD has the potential because of its ability to deal with massive amounts of throughput to analyse and to bring in a very service-orientated architecture to allow almost to have a SOC-type environment, a Security Operation Centre type environment, for both device service and platform. There is such huge demand in the marketplace because what you're essentially doing is you're selling assurance, you're selling the ability for an organisation to have a rationale around its fixed overheads because if they're having to plan 3-4 years ahead for devices that potentially going to be out in the field for 5-10 years then MidGARD gives them a fighting chance of actually retaining their profitability and also being commercial. So, that's a very very different service offering that MidGARD can play in and it's very much akin to the sort of activities we would expect to see as IoT matures.
13/9/2017
13:12
jurgenklopp: The problem with ECSC was that, in the spring, it reached a market cap of £50+ million at which stage I suspect some funds decided to get involved. So when it went a bit pear shaped the share price was hit badly but, somehow, still remains more valuable than Falanx. We need a share price of approx 30p to achieve a £50 million market cap at which point, assuming all is going well and MidGard is delivering as we all hope it will, the institutions will start picking up the shares for various small cap orientated funds and the thing ought to snowball.
06/9/2017
22:32
hamidahamida: We hope that you bought shares in Falanx (FLX) at sub 6p the other day as we told you to do. Even though that was well up on our 4.25p offer share tip level. The stock closed previously at 6p-6.5p, but we have now had a cracking trading statement. Told y'all!Falanx says that in the run up to its half year end it has won "significant new sales contracts with recurring revenue... Remains on course for operational breakeven this financial year." It repeats that "business on track to reach breakeven during the financial year with sufficient cash to see all current operations through to profitability."This is critical. We know that margins here are very high. So at some point in the second half it passes break-even and thereafter every new contract won sees the high gross profit on that deal fall straight through to a ramp up in profits. As an indication of the size of new contracts being won we are told now that Falanx Cyber business has secured a new Security-as-a-Service contract with a leading UK-based IT Service Provider, worth more than £200,000.We are also told that Falanx Assynt has won new multi-year contracts for 'Embedded Analysts' with a large US-based Insurance company and a global high street Retailer of beverages and that the MidGARD proprietary Advanced Threat Detection Platform has now completed all pilot studies and has been launched.Here are the bald maths. At 6.875p-7.25p, the market cap is £8.6 million. In the next financial year this company is easily capable of generating in excess of £1 million pre-tax on a zero tax charge and will have a strong net cash position. A business like this which is profitable, in a hot sector and has cash should be on a well into double digits PE. Okay we are a good few months from next year, but that is why you'd be barking mad to sell.The shares are a STRONG HOLD but, having explained how a share price in the mid teens is plausible within a year, we INCREASE our target price to sell to 9p+.
21/8/2017
08:04
kaka47: Falanx share price decline - not warranted: BUY and watch this space (soon)By HotStockRockets | Sunday 20 August 2017Shares in Falanx (FLX) have slipped and slipped most of the summer. The reality is - as we noted with Optibiotix (OPTI) the other day - that sensible folks are sitting on beaches and this means that there is a bit of an absence of buyers. Well let us clarify there is certainly an absence of buyers for small cap stocks where there has been no news and Falanx fits that bill.But there has been a seller. Steven Myers used to own over 10%. His last TR1 showed him down to 4% and I would not be surprised if the next TR1 had him out altogether or below 3%. So a material seller and no buyers causes a slide and in nervous times a sliding share price sees a bit of panic selling, folks hitting stop losses and 8p+ becomes 5p-5.5p. Has there been any bad news? Not at all.Indeed as per our last update things are going very well indeed at Falanx. What one might say is what on earth are its retained brokers up to. It is all very well them making 5% commission on the last £2 million placing but ab retained broker should also be banging the drum in the secondary market at times like this. At the least they should be working to place folks like Myers out in an orderly manner. But maybe that is all a rather old fashioned view.Anyhow the word on the street is that the news drought is almost over. The shares are on a fundamental basis very cheap indeed. And if you can buy at 6p or less do so - the target to sell is 9p+This article first appeared on HotStockRockets - to catch the next red hot share tip from the HotStockRockets team OUT THIS FRIDAY for just £5 click HERE
19/8/2017
12:00
jestercat2: From the LSE board: Hot Stocks Rockets update Falanx share price decline - not warranted: BUY and watch this space (soon) Shares in Falanx (LSE:FLX) have slipped and slipped most of the summer. The reality is – as we noted with Optibiotix (LSE:OPTI) the other day that sensible folks are sitting on beaches and this means that there is a bit of an absence of buyers. Well let us clarify there is certainly an absence of buyers for small cap stocks where there has been no news and Falanx fits that bill. But there has been a seller. Steven Myers used to own over 10%. His last TR1 showed him down to 4% and I would not be surprised if the next TR1 had him out altogether or below 3%. So a material seller and no buyers causes a slide and in nervous times a sliding share price sees a bit of panic selling, folks hitting stop losses and 8p+ becomes 5p-5.5p. Has there been any bad news? Not at all. Indeed as per our last update things are going very well indeed at Falanx. What one might say is what on earth are its retained brokers up to. It is all very well them making 5% commission on the last £2 million placing but ab retained broker should also be banging the drum in the secondary market at times like this. At the least they should be working to place folks like Myers out in an orderly manner. But maybe that is all a rather old fashioned view. Anyhow the word on the street is that the news drought is almost over. The shares are on a fundamental basis very cheap indeed. And if you can buy at 6p or less do so – the target to sell is 9p+
03/8/2017
20:07
hamidahamida: Shares in Falanx (FLX) have fallen back to 5.25p -5.75p which is very frustrating indeed for we shareholders as there is no fundamental reason for a sell off. We have spoken to the company and are told:"Everything is more than well. Business is on track and we're attracting some excellent talent. The Share Price is disappointing. The business is performing to plan, moving to profit, no debt, plenty of cash, a hot market, a Great British technology story in the making."Maybe the profits warning from ECSC did not assist. But that looks company specific to us and Falanx is clearly going great guns. Given how the shares have fallen from 9p+ to just 5.5p- when business is going great, we are pressing for the company to issue a trading statement.
24/7/2017
08:16
j777j: if the overhang has cleared the share price will rally.Warch the share price.
12/7/2017
09:00
hamidahamida: Falanx Results - Really what is not to like?By HotStockRockets | Wednesday 12 July 2017Falanx (FLX) has finally released its results for the year to March 31. The numbers were in line but it is the forward looking statement that is the dazzler. That is not reflected in the share price which came off by more than 10% on the session at 6.75p-7p. We think the market called that wrong and here is why.Total sales last year increased by 50% to £2.7 million. The high margin cyber division saw sales up by 300% to £1 million while Intelligence Revenues were 13% ahead at £1.7 million. This year's numbers will see a continuation of those trends but also the benefits of bolt on acquisitions such as Cloudified from last week and the launch of the MidGard platform. Having made a small gross loss in 2016 the gross profit last year was £548,653. At a net income level the loss was £1.7 million down from £2.6 million. The cashburn from operations - including capex - was broadly similar to the loss.Following a £2 million placing in the sprung the company is debt free and indeed now sits oin a healthy cash pile.The dramatic ramp up in cyber sales and launch of Midgard are the keys to 2018 performance with the company boasting that "Falanx continues to see new clients and opportunities in its' pipeline post the financial year-end. Market conditions remain robust and we view the future with confidence - Strong sales opportunities for all three trading divisions"NE Chairman Mike Read predicts that Falanx will reach breakeven within 12 months given that "market conditions for growth of Cyber Security and Intelligence for the new year are extremely favourable."Our view is that sales in the current year could reach £5 million which would be enough to see the company reporting a small profit while next year on sales of as much as £8 million the profit should be well over £1 million with - given historic losses - a zero tax charge on those gains. Clearly the timing of orders is uncertain so those forecasts should be risk weighted.But the market cap is - at just under 7p - £10.5 million. We would have thought that a forward PE of 15 is far from demanding for such a strong growth play and that implies a share price of well over 10p. On that basis the shares - tipped by us at a 4.25p offer - are, at worst, a strong hold with a target to sell of 10p+
25/6/2017
12:58
hamidahamida: Falanx - very odd share price moves ahead of results date: upgrade of stance to BUYBy HotStockRockets | Sunday 25 June 2017Shares in Falanx (FLX) were almost 10p a month ago. The other day they were 6.25p to sell. What on earth happened? What fundamental event caused the company to lose more than a third of its value? Of course there was no such event. Price does not equal value.We gather that there were some speculative longs with the spreadbetters and these were all closed out at 7p causing a flurry of sells at that level as the spreadbetting forms squared their books. How did the shares drift to 7 in the first place? There was no news. The company was in a closed period so could not say anything but just had to sit there and watch its share price crumble.Today we are told that the cyber defence and intelligence provider will be announcing its full year results for the year ended 31 March 2017 on 10 July 2017. That is a reasonably prompt year end to numbers schedule which bodes well - good news arrives on time, bad news is delayed. We spoke to the company ahead of closed period and we are very confident indeed that the numbers for last year will be okay and in-line but that thre statement on trading so far this year will be exceptionally upbeat.We repeat what we said (with the shares at 7.5p to 8p) six weeks ago"At 7.5p-8p the market cap is now c£12 million. The company has a strong net cash position and will be materially profitable at a PLC level this year. It is hard to make accurate forecasts but the shares may well trade on little more than twice, now, current year sales. In this sector and given the balance sheet strength, the fact that the company is going to be profitable this year and the rate of growth that is really too low."Well the shares are now 6.5p-7p so do your pro rata maths. We tipped this at a 4.25p offer. Last time our stance was hold. We upgrade that today: the shares are a buy at up to 7p with a target to sell of 10p +
21/5/2017
10:31
kaka47: FALANX Cyber Defence (FLX)Cyber security sector is booming and in 11 months time Gov legislations are coming in where companies will have to protect public data and have cyber protection or face massive fines equal to €20 million or 4% of their global turnover so companies are getting ready for this legislation which is creating snow balling demand, FALANX is one such company benefiting from this massive surge in demand. They have access to 100 NHS trusts through Mersey internal Audit Agency and Audit Yorkshire, with the ATTACK on NHS the listed companies have seen massive demand for SHARES from New Investors. Smart Money has started moving fast in to the listed companies not many are listed. ....................,,Falanx Cyber security market Cap £14 million Reported Revenues £2.7 million Trading on 4.5x revenuesCurrent year 2017Revenues forecast £5 million Forecast to become profitable and cash flow positive In current year 4 years ago Falanx Share price was 60p on jam tomorrow Now they have started to deliver and share price has responded well from all time of 3.5p to Current price of 9.62p Amazingly Market Cap is still £14 million Falanx is still Grossly underpriced
Falanx share price data is direct from the London Stock Exchange
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