Falanx Share Price (FLX)

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 Shares Traded Last Trade
  +0.10p +2.04% 5.00p 2,127,129 14:18:57
Bid Price Offer Price High Price Low Price Open Price
4.80p 5.20p 5.10p 4.90p 4.90p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 2.7 -1.7 -1.5 - 12.98
Related Shares
Experian (EXPN), Ferguson (FERG), Servision (SEV), Nakama (NAK)

Falanx (FLX) Latest News

Falanx News

Date Time Source Headline
18/4/201813:33ALNCFalanx Pleased With Progress Of Recent Acquisition First Base
18/4/201807:01RNSNONFalanx Group Limited CYBER SECURITY OPERATIONAL UPDATE
21/3/201816:12ALNCUnicorn Asset Management Now Holds 13% Interest In Falanx (ALLISS)
21/3/201814:38UKREGFalanx Group Limited TR-1:Notification of Major Holdings
16/3/201807:00UKREGFalanx Group Limited Grant of Share Options
12/3/201811:56ALNCFalanx Appoints New Leadership Following First Base Acquisition
12/3/201807:32ALNCFAlliance News Flash Headline
12/3/201807:00UKREGFalanx Group Limited Management Structure and Directorate Change
06/3/201810:16ALNCFalanx Group Raises GBP4.6 Million To Fund First Base Takeover (ALLISS)
06/3/201808:45UKREGFalanx Group Limited Result of Accelerated Bookbuild
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Falanx Takeover Rumours

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Falanx (FLX) Discussions and Chat

Falanx Forums and Chat

Date Time Title Posts
26/4/201813:22FALANX another potential ASOS in the making in terms of share price gain..4,961
07/3/201816:14FALANX another possible Carillion in the making1
17/11/201712:43Falanx Group INTERVIEW with Mike Read, CEO & Chairman-
18/7/201707:54INTERVIEW: Falanx Group Ltd Acquisition already adding value2
24/6/201710:55Gary Middleton, Director Lothbury Financial Services says to BUY in Falanx Group1

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Falanx (FLX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:31:244.9020,5311,006.02O
14:25:235.10100,0005,100.00O
14:22:304.9340,0001,970.00O
14:02:284.9374,9193,689.76O
13:18:245.0514,516733.06O
View all Falanx trades in real-time

Falanx (FLX) Top Chat Posts

DateSubject
26/4/2018
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 4.90p.
Falanx Group has a 4 week average price of 3.98p and a 12 week average price of 3.75p.
The 1 year high share price is 10.13p while the 1 year low share price is currently 3.63p.
There are currently 259,678,964 shares in issue and the average daily traded volume is 3,969,378 shares. The market capitalisation of Falanx Group is £12,983,948.20.
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21/3/2018
20:40		grim: Regarding the criticism of an easy strike price for directors' options: it is true that it is only 5p but the conditions attaching mean that the share price has to be signif. more before they vest, namely (taken from the relevant r n s): Vesting Criteria These options vest in three tranches: the first tranche when the share price reaches 7.5p (25%), the second tranche when the share price reaches 10p (25%) and the third tranche when the share price reaches 12.5p (50%). The Share Options only vest if the average share price has reached the relevant threshold level for a period of three months, save for the event of a change of control in the Company, in which case they will vest in full. Based on the mid-market closing price of 4.5p, there is no gain at all unless the share price increases by 66% and full gains are not achieved until a gain of 178% has been achieved. Also Unicorn, our 'new' substantial shareholder, has a very good track record of investing in successful smaller companies. So, should not be all gloom x
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16/3/2018
10:20		nearlythere: I include the entire sentence for completeness. "The Share Options only vest if the average share price has reached the relevant threshold level for a period of three months, save for the event of a change of control in the Company, in which case they will vest in full." I do not understand the term "save for the event of a change of control in the Company, in which case they will vest in full". Does that mean if a new CEO is appointed that could be seen as "change of control in the company" and all 25,000,000 ( perhaps as much as 50,000,0000) share options would vest immediately @4.5p to everyone regardless of the curent share price which would in effect remove all targets. Pehaps i am reading it incorrectly or perhaps I have been investing in AIM too long.
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16/3/2018
07:16		nw99: These options vest in three tranches: the first tranche when the share price reaches 7.5p (25%), the second tranche when the share price reaches 10p (25%) and the third tranche when the share price reaches 12.5p (50%). Pretty good target prices
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07/3/2018
12:37		sclper: I'd be very surprised if the share price doesn't drop below the placing price and hit an all time low. The market cap at the current share price will be far too high once all the new shares start trading.
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07/2/2018
10:04		ebomber: FLX urgently need a missive TODAY from its PR consultants TW / ShareProphets to reassure shareholders to keep on holding because apparently FLX will make a profit in this financial year and NO FUND RAISE..........as clearly stated in Sep 2017 interims (see below). Extract from FLX September 2017 Interims The Board is pleased to announce robust growth and believes Falanx is on track to deliver against markets expectations of achieving profitability in the year. Period Highlights Financial -- Continued growth across all service lines with significant growth in revenue year on year o Group Revenue +18% increase o Cyber Revenues +40% increase o Intelligence Revenues +9% increase -- Cash balance of over GBP1m on 30(th) Sept 2017 (Sept 2016: GBP0.8m) -- Balance sheet entirely equity financed and debt free -- Placing of GBP2m of equity in May 2017 used to undertake acquisitions, seed the development of MidGARD and augment growth Cash burn appears to be at a rate of some £1 million every 4 months (£250,000 per month) based on companies own calculations. If £1 million cash balance on 30 Sep 2017 and no significant revenue then placing due in next 3 weeks (14 trading sessions). Keep your powder dry and pick up some cheap stock at sub 2.5 pence in next month. They clearly need another £2 million in the very short term. Welcome the contract news today but additional £20k revenue per month (today's announcement) plus the other recent £7k pcm is not substantially covering the £250k cash burn per calendar month. The pattern is make what appears to be a significant contract announcement (£20k per month), everyone buys and the share price increases then announce fund raise within 2-3 trading days. Unfortunately, I am struggling to see any significant buying of FLX today on news and expect it to slowly drift down from the 7% gain (at time of writing). Time will tell..............diary note for Friday 23 Feb 2018 to reflect back to see level of dilution expected to be sub 2.5 pence.
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03/2/2018
06:42		superg1: Sclper Don't you just love Tom's tips. Obtala Buy Obtala at 18.5p - target to sell 30p+ Published 121 days ago It has kept falling since then right down to the dilution and fund arise at 12.5p with more dilution just announced. A warrant attached to each one at 20p too. A mere 32% cheaper via the fund raise and some nice warrants should it ever get near his 30p plus forecast Then PowerHouse Energy - updates on 2017 progress, a good year ahead - BUY 14th January share price then .75 now .525 a mere 30% down. So while the share prophets team pump it who sells which causes the share price to dive. Hell fire have you noticed. PHE, OBT and FLX all regulars at the investor show wow who would have thought that. Must look up other regulars and see if they get tipped and avoid them lol.
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02/2/2018
13:03		ebomber: Extract from FLX September 2017 Interims The Board is pleased to announce robust growth and believes Falanx is on track to deliver against markets expectations of achieving profitability in the year. Period Highlights Financial -- Continued growth across all service lines with significant growth in revenue year on year o Group Revenue +18% increase o Cyber Revenues +40% increase o Intelligence Revenues +9% increase -- Cash balance of over GBP1m on 30(th) Sept 2017 (Sept 2016: GBP0.8m) -- Balance sheet entirely equity financed and debt free -- Placing of GBP2m of equity in May 2017 used to undertake acquisitions, seed the development of MidGARD and augment growth Cash burn appears to be at a rate of some £1 million every 4 months (£250,000 per month) based on companies own calculations. If £1 million cash balance on 30 Sep 2017 and no significant revenue then placing due in next 4 weeks (18 trading sessions). Keep your powder dry and pick up some cheap stock at sub 4 pence in next month. They clearly need another £2 million in the very short term. Look forward to reading that RNS! Time will tell..............diary note for Friday 23 Feb 2018 to see level of dilution. Interesting dynamic today with share price attempting to support the FLX price with its missives so the fundraise is closer to sub 4 pence than 2 pence!
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21/12/2017
10:15		ramda: 20 December 2017 Falanx Contract Win With Global 50 Firm REC: Speculative Buy Target price: 10p (+110%) Ben Maitland CFA UK +44 207 382 8420 Ben.Maitland@beaufortsecurities.com Falanx PLC (FLX), the AIM listed global intelligence & cyber security group, has announced a multi-year contract win with a Global 50 financial services firm. This contract was won amidst stiff competition after completing a simulated ‘hacking week’ which further validates FLX’s product suite. This win improves the firm’s revenue run-rate such that the FLX business should now break-even on an underlying EBITDA basis from March-18. FLX are now looking forward to an especially strong Q4-FY18 from a cash flow perspective, as this new contract win and existing contract subscriptions are received. Net cash should be at least £0.2m at the year-end date, after capex, but the balance may be higher post advance customer payments. MidGARD, Now Completed ‘Proof Of Concept’ phase. The global cyber security market is estimated to be worth around US$170bn by 2020 with near term opportunities worth cUS$ 3bn we believe. FLX’s recently launched MidGARD cyber threat detection & response platform has now completed its ‘proof of concept’ (POC) phase, with commercial roll-out of this Managed Services business now in process with hard evidence of client implementation on the table. This positions FLX well in the corporate cyber security market as new rules regarding data management under the General Data Protection Requirement (GDPR) come into effect in May-18. Expect Near-Term Positive Newsflow. NFX’s now strengthened management team (also with new CFO due to start in January) has been hard at work with NFX’s existing and potential client base, thus we expect positive news flow during Q4-18 and beyond. Valuation and Recommendation Falanx’s recurring revenue stream is unquestionably augmented by today’s announcement, such that FLX is now looking at around £1m EBITDA in the next financial year to March 2019. The quality of the revenue stream is also improving, with the Managed Services aspect continually increasing as a proportion of total revenues. FLX remains funded in the near to medium term, with organic cash flows likely to grow strongly during FY-19. With hard evidence of MidGARD gaining traction, we remain positive on the outlook for FLX’s share price and thus reiterate our Speculative Buy recommendation with target price of 10p (12p) per share, slightly reduced due to us adjusting our near term revenue and cost phasing. Equity Research Long Term Classification & Overview Objective: Growth Profiling Code: C-3-7, Horizon: > 12months Falanx plc (FLX) operates two main divisions; its Cyber-security division, which has just completed the proof of concept phase for MidGARD, its new Managed Detection and Response platform aimed at the corporate market. Secondly it operates Falanx Assynt, which is a subscription based Intelligence service for its multinational corporate clients who operate in riskier parts of the world such as the Middle East, Russia, and South Asia. Source: ProQuote Share Price (Mid) (p): 4.75 EPIC Code: FLX.L NOS (m) & Free Float 157 86.0% Mkt Cap (£m) 7.5 Net Debt : EBITDA (x) N/A 2 Year Beta 0.77 Average Daily Volume 1.1 0.7% Next Results: FY18 TBC Share Price History (1 Year) Falanx FY-18 Revenue Breakdown Consensus Forecasts & Key Metrics Year to Mar: 2017 2018E 2019E Financials (£m) Revenue 2.7 3.5 6.2 Underlying EBITDA -1.2 -1.5 1.0 EBITDA margin (%) - - 16.1% EPS (p) - - 0.01 DPS (p) - - - Valuation P/E - - 6.5 EV/EBITDA - - 5.4 DIV Yield (%) 0.0% 0.0% 0.0% Source: Company Historic Data, Consensus Data, Beaufort Estimates THIS RESEARCH BROCHURE IS A MARKETING COMMUNICATION: For full disclosures, please see the back page. Beaufort Securities Ltd Beaufort Securities is Authorised and Regulated by the Financial Conduct Authority and is a Member of the London Stock Exchange. Falanx Strengths Weaknesses • Falanx (FLX) has built a strong and very capable management team in the high growth International Cyber Security arena. • With the recent launch and completion of ‘proof of concept’ of MidGARD, FLX’s Managed Detection & Response platform ahead of the new General Data Protection Regulations (GDPR), FLX is well positioned in the cyber security marketplace. • FLX has two independent revenue streams, one from cyber defence solutions, and the second from Intelligence Consulting. • FLX’s balance sheet is strong, we expect net cash of at least £0.2m at the balance sheet date of 31 March-18 • The cyber security market is changing rapidly, with new, disruptive technologies continually evolving which could threaten the financial viability of FLX’s technology. • Falanx Assynt is still not Digitally Enabled, the division still relies upon traditional information dissemination techniques. • Developing new technology can be expensive, with no guarantee of future revenues. • Share liquidity is relatively low, with around 86% free float and an average daily volume (ADV) of around 1.1million shares per day, which is less than 1% of the total number of shares outstanding. Key Aspects Of The New Contract Win Falanx’s new contract win has come at an important time in the company’s development. Firstly because it validates FLX’s MidGARD technology in the cyber security penetration testing and protection fields and secondly, because the contract revenues are partly paid in advance and this is high margin business, so very positive for near term cashflows. Proof Of Concept Achieved, Thus Roll-Out Of MidGARD Commenced MidGARD, FLX’s cyber security managed detection and response platform has now completed its proof of concept phase, thus the commercial roll-out of this service can commence rapidly from now onwards. FLX has confirmed that it has five ’early adopting’ clients who are now converting to full implementation, with a high number of near, and potential clients with whom FLX is in current negotiations. As a result, we expect a strong ramp-up in cyber revenues in FY-19 to around £3.8m, as shown in the table on the following page. Recent And Future Management Changes Mike Read has taken over as Chairman and CEO on a permanent basis now, and has announced that a new CFO will be joining the Board in January 2018.
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10/12/2017
16:30		yump: "It's fun to watch folk guessing about things" Well that pretty much shows no respect for shareholders as he is clearly not stupid and must know that there are serious shareholders on the boards, who do not think its 'funny' looking at the FLX share price. I think that says it all - I'm expecting nothing of note now. Well RM, I'm sure you don't have to guess how much money you will earn next month, now do you ? Disgraceful.
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16/11/2017
10:42		wedward: It is good to see so many new posts here on the back of what is a rather dull announcement. I said a while back that if there are no MiDgard contracts announced the share price would probably drop to 4p it seems to be heading that way. Obviously miDgard has not been around long and contracts could be in the pipeline in which case the share price should recover some of these loses It is always difficult to stay invested when the management hype expectations and do not deliver on time but it does not mean they won't deliver. The management now need to show that they have confidence in themselves and buy shares anything less that £25k worth each would be just another kick in the face to shareholders who have seen a 30% drop in share price year to date!
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