Share Name Share Symbol Market Type Share ISIN Share Description
Falanx Group Limited LSE:FLX London Ordinary Share VGG3338A1075 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.00 0.00 08:00:06
Bid Price Offer Price High Price Low Price Open Price
0.95 1.05 1.00 0.965 1.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 5.85 -2.88 -0.72 5
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.00 GBX

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Falanx Daily Update: Falanx Group Limited is listed in the Support Services sector of the London Stock Exchange with ticker FLX. The last closing price for Falanx was 1p.
Falanx Group Limited has a 4 week average price of 0.93p and a 12 week average price of 0.93p.
The 1 year high share price is 1.83p while the 1 year low share price is currently 0.81p.
There are currently 526,001,185 shares in issue and the average daily traded volume is 220,700 shares. The market capitalisation of Falanx Group Limited is £5,260,011.85.
mach100: Especially on an illiquid stock subject to groundless spikes and quick retraces and an almost endless line of bottom feeders who get bitten on the bottom by FLX.# Should be an update during the coming week when the full horrors of FLX will be laid bare. The guy who was claiming this was going to 2p has long disappeared here. The two p loopy poster.
mach100: There is absolutely no evidence of Institutions buying FLX. Even according to Bapodra's figures Amati would only have to add .2% of shares or £16000 of an 8m MCap. before it would have to RNS an increase in holding. Small trades can in fact move FLX and it does seem there is an attempt to manipulate the share price judging by the number of bot trades you see in FLX for tiny amounts. Look at Friday for example: 19-Feb-21 15:26:54 Price 1.45 Amount 65 Sell* 1.50 1.55 Cost 0.94 TYPE O 19-Feb-21 15:26:54 1.55 5,000 Buy* 1.50 1.55 77.50 O 19-Feb-21 15:26:54 1.45 2,000 Sell* 1.50 1.55 29.00 O 19-Feb-21 15:26:54 1.55 5,000 Buy* 1.50 1.55 77.50 O 19-Feb-21 15:26:54 1.45 104 Sell* 1.50 1.55 1.51 O 19-Feb-21 15:26:54 1.55 1,400 Buy* 1.50 1.55 21.70 O 19-Feb-21 15:26:54 1.55 5,000 Buy* 1.50 1.55 77.50 O 19-Feb-21 15:26:54 1.55 5,000 Buy* 1.50 1.55 77.50 O It doesn't need an Institution to drive this lower as claimed. Any large sell in volume will often get below bid here. Try a dummy sell and you will see. Not to mention its news lull. lack of detail often on margins in RNSs and the placings.
bapodra_investments: Dave4545 - The series of 'Higher Highs' and 'Higher Lows' for Falanx is still in play and based on the current decline once that has completed, I expect it to make a new 'Higher High' on this current pattern being played out. That should be above the 1.8p area. From my experience, when I see patterns like this, it is normally after institutions have accumulated. So this is likely to be: Amati AIM VCT plc Octopus Investments Nominees Limited Unicorn VCT Miton Group PLC Walker Crips So Amati has 16.8% of the shares, Octopus has 9.52% of the shares, Unicorn have 6.34% pf the shares, Miton have 6.20% of the shares, and Walker have 5.35% of the shares. Now it is these investment funds that move the share price not the likes of us. If we can spot when they are selling so that their funds can report a profit for the year and their shareholders and when they are accumulating, it allows us smaller investors a better chance to profit from investing in these companies. I appreciate that many will think the price behaviour of Falanx is random but when you have large FIVE 'institutional' investors then in my view it is not random. The key is to try and identify the repeating cycles/patterns in play. Don't forget these large institutions will be 'buying' and 'selling' shares of Falanx throughout the year so that they cannot be easily spotted. It is these institutions that will drive the price higher and it is these very same institutions that will drive the price lower. When that happens you will see a pattern of 'Lower Highs' which will be supported by 'Lower Lows'. Once investors understand this they can decide when they buy a share, when they sell and when they hold.
bapodra_investments: Dave4545 - It seems from around the middle of December 20, Falanx, is making 'higher highs' and 'higher lows'. There is no parabolic 'rocket' type move upwards which for me is a far more healthier sign. As the share price consolidates in intervals it makes the move upwards more sustainable. Now I do not know with any certainty that the move will continue upwards. However, looking at the current price action/behaviour as that is what we must based our views on it seems likely that this pattern will continue until any news is released by the company either positive/negative resulting in a changing in this pattern. If you look at the chart for Falanx on the 'daily' timeframe you will see that the price is above its 20, 50, 100 and 200 day moving averages. This for me is a 'buy' signal. The 20 day moving average on the 'daily' is around 1.43p. So any price above that is bullish in the shorter term. The 50 day moving average is around 1.14p on the 'daily' so they are the key indicators shorter term. At the moment both the 100 and 200 DMA's are above the 50 DMA. What I would like to see is the 50DMA flip above the 100 and 200 and then we have a really nice set up. As these indicators are time lagging it may take a while for that to happen but it is worth keeping an eye on them. As long as the price continues its current pattern then over the coming weeks that flip can happen. Of course if it does not or the price was to drop below 20 and 50 DMA's then for me that would be a bearish signal and an indicator that the short term trend was reversing. That may be a signal to exit and cut any losses short. I am happy to hold in the current set up and conditions.
bapodra_investments: Dave - I only invested in Falanx very recently at £1.79p. Yes it is down slightly but it really does not bother/concern me as if it did then I should not have invested. The one thing I have learnt on AIM over 20 years is that even some garbage stocks can make investors money. I remember it must have been over 10-15 years ago (cannot remember exactly) but I made profits from the likes of Quindell, Globo and Monetise. These companies were far worse than Falanx in terms of how they were run but I made profits on these shares. Of course there will be many who lost money too. Patience is key. I have not invested in FLX for 1 week or 1 month. I am looking at minimum of 3 years but more like 5-10 years. I held the likes of Argo and KR1 for 2-3 years and it is only recently their parabolic moves have come. Of course I do not expect those types of moves in FLX but I do see the share price doubling from current levels even if there is a small hint of a turnaround to the market. Now those who have invested in FLX at far higher prices need a far higher increase in the share price to even break even not to mention their capital being tied up if they do not sell at a loss. They will be angry and frustrated, no doubt. So is it unrealistic or unreasonable for FLX's share price to reach 2p or 3p? I don't think it is. I have understood that a company does not need to be profitable on AIM for its share price to rise. Marketing/Spin is enough and there are enough people out there to fall for that. Now the price action will evidence whether I am right or wrong but if I am wrong so be it. The profits I have with Argo and KR1 means that even if FLX went down 100% and my investment was 0, I would not lose any sleep. Just the rise in my physical BTC and ETH is enough to cover my whole share portfolio should it all go down to zero. Only the price action will confirm or reject my decision and nothing else.
bapodra_investments: I have made a judgement call at 1.79 in investing in Falanx. If I am wrong so be it. I actually think the share price will be a lot higher than today's price in 5-10 years time. I have invested after the so called broken promises and failed attempts of growth and that has been priced in as can be seen from the decline in the share price. The share price has already increased from its 52 week low by investors buying shares at those low prices. All it will take to move the share price upwards is for the institutions invested already to begin increasing their stakes. They are likely to all do that as it is in their interests to move the share price up so they can sell parts of their equity for profit.
bapodra_investments: Mach100 - Yes I do realise and accept that FLX is highly unlikely to break even this year or even next for that matter. This is a long term play and by investing at 1.79p I think I am getting good value from a a 'risk/reward' perspective. I don't worry about short term losses. I have been investing long enough to not worry about such price moves on AIM. I have been investing on AIM for around 20 years now. Three years is nothing for me as I invest for the long term. I am not looking at trading FLX. I held Argo Blockchain and KR1 PLC for 3-4 years and both have x10 multi bagged for me with 1000%+ returns. Now I am not suggesting FLX will do that but I think in the next 5-10 years it will be valued a lot higher. AIM is a speculators market. 90% of the companies on AIM are pretty much junk/garbage. Most of them do not make any significant revenues or profits. A lot are loss making. 10% are worth investing in and I happen to think FLX is one of them but it will take them a while to grow into a company I think it will become. Growth stocks are valued differently. Your mind set seems more aligned to more established companies. On AIM the way to invest is different than on FTSE 250, etc.
bapodra_investments: There is a bit of resistance for FLX to break 2p and stay above it so it may take a little while but looking at the chart it seems to be trying to do so and is heading in that direction. I have invested in FLX with at least a 5 year view if not 10 year view. I bought at 1.8p and if the share price was to go down significantly then I think I would try and buy some more shares. FLX is the sort of company that is ripe to become an acquisition target. That potential is going to drive up the valuation in my view. Also if FLX can reduce its losses and show investors it is moving towards profitability then imagine what could happen to the share price.
ebomber: nearlythere If any truth in your future viewpoint then not looking good for FLX share price. With end of tax year on horizon I am sure the LTH will shortly begin to take losses to offset against gains elsewhere.
ebomber: Can kaka give some re-assurance when the FLX share price will hit his predicted 60 pence? I am currently struggling to see the business case for private investors to invest with such a high monthly negative cash burn. Will 2019 be FLX's year?
Falanx share price data is direct from the London Stock Exchange
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