Falanx Cyber Security Share Discussion Threads

[wololol] 21/4/2023 12:33

In putting my house up for sale for £1 million and putting in a takeover offer.

[2lb] 20/4/2023 10:53

Going concern doubts

[clocktower] 18/4/2023 18:16

I think you need a new title to the thread W. Down again. How is that loan ever going to be re-paid?

[jonesy100] 07/4/2023 14:56

Good. I genuinely hope you are right because I am sitting on a loss making position having believed too much hype from a previous CTO who turned out to be full of hot air

[wololol] 06/4/2023 22:05

Theve got about 18months cash left. Last time they raised when they had 0.5 million and we are at least 1 year away from that. Besides the last capital they had was from a loan and they've said multiple times they don't want to raise and don't need to raise. I think they'll be profitable this new financial year after all the investment like £4million they must see some return on this this year.

[jonesy100] 06/4/2023 15:07

Agree on need for update. Cash was 2m in September so how much is left? I suspect that they are still burning cash much faster than they can generate revenue. So that means the Assynt sale proceeds are gone and the loan still needs repaying and they have significant overheads. We may only find out what is happening when they try to do a raise which is going to be extremely hard.

[wololol] 06/4/2023 10:34

They need to provide a trading update that's all. If good will re-rate as it's so oversold. How can a business with 4million growing revs, 2mill in cash be worth 1.8million. They need to provide update asap

[clocktower] 05/4/2023 09:14

Has Z done a runner W? Remember the warnings on this thread, and the loan.

You have seen your original buys down by around 50% I believe, are you willing to risk another 50%?

[wololol] 31/3/2023 14:36

Yes, good point. I already checked the full year results and Falanx had about £300k US market revenue. Even still I think the share price has dropped today with more volume on the back of NCC news. We need a trading update for sure to settle the market. Last year Directors purchased in March/April so they need to buy shares in April too to reassure confidence if they want to bring back share holder value. Since consolidation share price as halved which is extremely poor and the BOD need to do something about it.

[sclper] 31/3/2023 14:31

NCC said its profit warning was primarily due to problems in the USA market rather than UK and quoted problems like layoffs in the tech sector and callapse of Silicon Valley Bank. Falanx is primarily UK without exposure to the USA market

[wololol] 31/3/2023 14:24

Please all shareholders request a trading update. After NCC 40% drop today we need reassurance that the company is doing well as they have started in last update. If not the share price will keep drifting lower. The share price is at all time lows when the company has been performing well and expecting significant growth.

[wololol] 31/3/2023 14:20

I am very tempted to buy more I must say. We need a trading update to stop this ridiculous decline.

[sclper] 31/3/2023 14:14

If Falanx is also taken over it will be at a multiple of the current market cap. The directors' aim has always been to achieve a satisfactory sale of the company

[wololol] 31/3/2023 13:55

Tha KS for info didn't know they existed. falanx valued at 1.8£ million wtf is going on.

[sclper] 31/3/2023 13:49

ECSC, another AIM listed cyber security company, announced today that it has received and accepted a takeover bid. It's shares are trading +150% today.

[wololol] 24/3/2023 10:55

10000 buy hopefully Some Director buying

[dave4545] 10/3/2023 10:16

See that 3766 selling for 35p when 43-46p

And the stupid management saying the consolidation would aid liquidity, it totally killed the stock as a investment the moment they announced the 100/1 consolidation and the same happened in IDE.

[petomi] 10/3/2023 10:12

Thanks Wololol I hadn't looked 2 years back

[wololol] 09/3/2023 14:17

One would hope so. They did in 2021 but not last year. A trading update would be very welcome

[petomi] 09/3/2023 09:58

Are we due a trading update before March year end? - no trading news since info in interims issued 8 December