the large holder sell down is being digested badly it seems.. indeed severe indigestion continues today.. that said I just topped up.. I hope this will correct back up at least somewhat in due course.. again, this is hard core betting stock imho.. DYOR
I quite enjoy what Winnifreth has to write sometimes, and the colourful language can brighten a dull world - but I would never pay for it.
Bladen going is a positive. The question is who will replace him? Bladen came from a very large company background and this does not usually augur well for small companies where vast retinues of procedure and personnel are not helpful to progress. In truth he was pretty ordinary at EDS/HP where business in the sector he worked was a given - government contracts for very large central departments only ever go to the major integrators who then go on to do nothing of value with the taxpayers cash they soak up. Innovation, agility and responsiveness are anathemas in this environment.
If Falanx get the sort of CEO they need and are not fooled by big company CV style high priced, ineffective souls they may well move on. That said this environment is very competitive.
This remains a very tricky share indeed and has not - by a good distance - gone as well as i hoped in 2017.. but it still seems to be - very - slowly going in the right direction.. that said, CEO leaving for personal reasons indeed..
I'm hanging on in here though but live in more hope and less expectation every day. We need some meaningful ! contract wins asap
I expect today's Interim Results from ECSC Group to reflect on Falanx and cause a dip in the share price.
From the ECSC RNS announcement -
" Delays experienced in conversion of sales pipeline into committed orders and reported revenue"
"Full year revenue and EBITDA expected to be below market expectations"
"In light of the lower revenue levels currently being generated, the Board, whilst protecting key revenue generating resources, has reviewed the operational cost base of the Company and identified a number of savings which will be immediately implemented. Whilst these savings, together with the Company's growing revenue levels, will materially reduce the monthly EBITDA loss, they will not be sufficient to fully offset the reduced revenue levels and therefore we also expect full year EBITDA to be below market expectations."
However it does go on to say -
"Despite these revenue challenges, the Board remains confident that its organic growth strategy is appropriate given the long-term opportunity in the cyber security market."
I see any dip in the FLX share price as a good buying opportunity.
I hope I can pick up a few more on the cheap before we get the next RNS announcenent from FLX to inform us of another contract win.
I suspect that even Mr Share Crazy now sees the merits of FLX and even he will be buying on any dip.
Crossword Cybersecurity plc (NEX:CCS, "Crossword"), the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce that ByzGen Ltd, a newly formed blockchain company targeting the Defence and Security sector, has raised £500k from RFS.
Marcus Ralphs, CEO of ByzGen said:
"ByzGen is the first blockchain company to focus exclusively on the defence sector. Enabling the Defence and Security sector to be at the vanguard of developing and adopting game-changing blockchain technology is really exciting. ..."
If anyone is in London on 13th Sept and fancies going to the Cyber Security Conference, 44CON 2017 where FLX is launching MidGARD, entry is free on Wednesday evening.
"Our next event is 44CON 2017 on 13th, 14th & 15th of September 2017. It will take place at the ILEC Conference Centre, London and will kick off on Wednesday 13th September at 6:30pm with our Community Evening. Registration will start at 6pm.
Entry is free on Wednesday evening but you will have to register beforehand."
Mr Share Crazy made a comparison between Falanx and Sophos - but he failed to back up his view with any evidence or reasoning, it was all hot air.
To me, this company looks like a serious competitor in cyber security. I hope the cyber security market place is big enough for both companies to do well
If there is room for only one winner, who will it be? Will it be a knockout competition or might these two merge or FLX makes a takeover bid?
"Crossword Cybersecurity Plc : Half-yearly report
I am delighted to report excellent progress in the first half of 2017. Crossword generated more revenue in the first half of 2017 than we did in the whole of 2016, as we continue to develop Crossword's technology commercialisation business focused exclusively on cyber security.
Crossword works with universities to commercialise technology based on their extensive cyber research. In the first half of 2017 we extended the group of universities that we are working with to include Imperial College, Edinburgh University and MIT in the USA. This brings to a total of nine the number of universities that we are involved with: Bristol, Warwick, Coventry, Surrey, South Wales, City, Imperial, Edinburgh and MIT.
Following the end of the period, Crossword announced a major initiative, CyberAI, applying leading edge Artifical Intelligence and Machine Learning techniques to real world cyber security challenges. CyberAI brings together world leading academic researchers from MIT, Imperial College and Edinburgh University with four major companies: a global investment bank, a FTSE 100 retail bank, a multinational insurance company and a big four professional services firm. We are excited about the rich seam of intellectual property that should emerge from our CyberAI initiative for Crossword to commercialise globally.
CyberOwl, the spin out from Coventry University funded by Mercia Fund Management, continues to make strong progress, having been selected for and participated successfully in GCHQ's new Cyber Accelerator. In partnership with the University of Warwick, Crossword completed a Ministry of Defence funded proof of concept for blockchain-enabled smart documents and has developed a plan for further exploitation of the intellectual property emerging from that project.
With the impending introduction of GDPR (General Data Protection Regulation) early next year, our cyber risk product Rizikon, based on City, University of London research, is attracting increased interest both with distribution partners and end user companies. We have developed a version of Rizikon that is designed to enable corporates to assess and monitor the cyber security risks of their large supplier base, as this is a key weakness for many companies. Our specialist cyber security consulting business, Crossword Consulting, goes from strength to strength.
Generated £345k of revenue in 2016 vs £21k in 2015 as we transition from pure R&D to commercial activity, whilst continuing to invest significantly in generating IP and building the business
Created CyberOwl Limited, an early warning and threat intelligence spin out from Coventry University attracting over £650k of seed funding led by Mercia Fund Management. CyberOwl was selected to join GCHQ's new Cyber Accelerator programme
Won a Ministry of Defence contract for a proof of concept for blockchain enabled smart documents, in partnership with the University of Warwick. Crossword owns the resulting IP and will look to exploit it commercially
Secured IOMart, a leading Cloud provider, to co-operate on taking Nixer, the machine learning DDoS platform to market, following its launch to design partners in June
Launched Crossword Consulting, led by a former KPMG executive and staffed by ex-defence, national secur
some much needed good new business news, at last.. hopefully more new business to come more regularly now.. but this is A LOT more volatile /tricky than i expected.. and so i'll taks some profit but leave the bulk of my bet ride here.. this could readily still be a big winner
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