News of ABB on 6 march @ 4.5 p and more ramping by TW & Co on news.
Made be put a buy limit in last week forgot about it lifted this morning @ 4.5p .
So i have bought back at a higher price then my sell end of Nov .
That's unusual for me .
But i hope things have unproved be interesting looking back in the future
It was in expectation of this sort of good news that I posted "Time to add". I got the timing a bit wrong, but here it is and I expect more to come. I see FLX as a very good news story.
The Board is pleased to announce a new MidGARD service contract with a total revenue value of £700,000. An award-winning UK Top 20 International law firm has signed a 3-year managed service contract with Falanx to deliver advanced security monitoring of its entire global estate.
The Board is also pleased to announce a newly awarded 3-year managed Cyber Security service contract. This contract is an expansion of the existing estate of a valued client resulting in its value growing from £250,000, to generate more than £380,000 of revenues.
"I am delighted to report the continuing sales momentum of our highly regarded MidGARD service, further enhancing visibility of recurring revenues over the next three years. Our pipeline of similar opportunities continues to grow and I look forward to announcing further contracts in the near future"
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.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.