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A mea culpa from the worm.
Do I act as graciously as FK, or do I go back and find all the things he said about me and "no brains" and say them to him?
Hmmm?
i am not in here but looking good for those who are in strong buy for you guy.s
Thanks FK.
Thanks to the worm, this board is a load of fun.
I stand corrected Shep.
I read your post as an offer to buy as I would not
have thought 1.94 could possibly be available ....
Augurs well for this to continue the upward trend..
Don't you know what "take some money off the table" means?
Bravo Noel! You have been on the receiving end of some terrible abuse here for your stance on FLX and I am genuinely pleased that my pessimism for now is misguided and you are on the right side of the SP. FWIW I make 2p an important psychological barrier which will be important to breach and hold above. But plaudits to you Noel and I hope to only be able to show half the grace you have on this share as it sank as I must as it rises.
I said I was offered a price of 1.94 for my 300,000 shares.
See the trades screen - 14:17:28 - 300,000 SELL.
Do worms have brains? It appears not.
It just keeps getting better.
For weeks Shep has been on his soap-box telling everyone
not to buy until the Station Master gives the go ahead ....
Now did I miss something or is MS just soliciting info to Shep
offline ?
Why else would Shep buy at the highest price since July ??
Finding it difficult to make head nor tail of it all....
I thought it sensible to take some money off the table, so I changed my mind and took it.
I actually made a profit on that 300k deal.
I'm still loaded up to the gills, so still hoping for a big rise ahead.
Sorry for wasting your time with that news, but when I posted, the Bid and Ask on this site were not reflecting the rise. They are now.
Just been offered 1.94p for 300,000.
I declined.
pass FK.. one for NS to apply his investigative skills to perhaps.. or maybe there isn't enough delailed info to be found whatever, and once again it requires hoping for the best one more time.. and indeed Flx have underdelivered significantly so far versus management expectations/talk.. but the good news is that Solar winds are established/successful players and so more confidence can be derived from that alone.. this threat monitor could be a big thing and it's rolling soon - hopefully - and so there's a path to at least some - and hopefully much - bottom line improvement for flx in second half off the back. At this s/p price ANY bottom line improvement can easily see some sort of s/p re rate .. indeed it's that 'low' there's even room for an in anticipation rally imho... altogether it's an appealing path / currently 'low' s/p combination for me and hence why I've added more twice here in recent days .. if not appealing for others, then that's entirely their business
The problem is NiceToMichu that FLX is long on promises but short on delivery. SolarWinds is supposed to be key for FLX. Yet for me the company thrive on ambiguity.
"SolarWinds has engaged with the three inaugural TMSP's, of which Falanx Cyber is one, requesting feedback into the development and product specification of the SolarWinds Threat Monitor product. This preparatory work has been focused on creating a highly scalable platform and seeding this 'mass market' opportunity with education programmes and disruptive pricing. The significant marketing power of SolarWinds will be applied to fully launch the product with the support of the TMSP's in the second half of our current financial year. "
What does engaged with mean in this context?
Will the company work with all three? Or just one?
Ok it is commercially sensitive but how big a part will FLX play and how much will they receive? Or split three ways?
Am I misinterpreting this? Happy to hear if I am.
agree this Dir buy is a small amount but MR's overall holding of 11m is very serious skin in the game .. you can't say that's not aligned with shareholders !
To Fairview, I'd offer that it would be worse if Solar Wind's roll out had happened near on time and the take up was bad.. they've seemingly measured twice before cutting once and so hopefully what they now roll will be high quality and get good traction quickly.. hopefully, at least ..
This s/p has been mullered in recent years.. so there is potentially much space for upside here imho.. even on any early signs of bottom line progress from here.. or indeed even the potential for such... eg Solar Winds roll out..
Would have thought we will see more buying
2-2.10
A couple of half million buys - more directors buying?
2p by the close?
Good call Noel. At least some alignment with investors and of course some investors including myself follow director buys as an indicator. However- just my opinion of course having acknowledged he has put his hand in his pocket- the amount is pitifully small relative to his remuneration. If it was one of the larger trades I would have no doubt. But this is a piddling amount really and if you as a potential investor or holder think it is enough of a statement of confidence then go for it.
400,000 - a big deal? Comments please - not you worm, sensible ones only please.
I'd like to see the others jump in too.
what did I say last week?
https://www.investegate.co.uk/falanx-group-limited--flx-/rns/director-pdmr-shareholding/201909241137004784N/
The end -
I am watching the trading with great interest. For me, this is a time for serious decision making - is it a chance to offload some before it drops back again, or do I hang on for 3p?
Good morning FK.
I was intrigued by that figure of 222%, but that was a minor detail in the report.
There was nothing in the results to make me want to put more money in, but that is because I am already so heavily loaded up.
I find all very tantalising. As we have seen from Crossword and Sophos, the demand for cyber security is huge and for FLX there is the added benefit of the SolarWinds tie-up, so FLX should be a good prospect - but can I trust a company that gives out so little information and says something about four weeks, but fails to hit that target? I have in mind all of your comments about "snouts in the trough" and smoke and mirrors, oh worshipful one (that should keep the worm busy on a long reply :-) )
I always treat figures with a degree of caution. In recent months, I have heard two guests (well respected senior accountants) on the Business section of Radio Four's Today programme say that there can be lots of nasties hiding in the figures and the auditors won't pick up on them. Those guests were talking about accounts in general and NOT about FLX specifically. Also, look at all of the high profile company collapses in the last year or two where, after the collapse, the accounts, which had been passed of by auditors, were found to be dodgy.
Figures need examination - e.g. "Loss per share reduced by 53% to 0.58p (2018: 1.24p)" - it sounds good, but is that only because the extra shares diluted the loss per share?
A lot of the hope value relies on the SolarWinds tie-up paying off. Mike Read said - "We anticipate the SolarWinds partnership to start to bring benefits in the second half of the current financial year as they rollout their product" second half of the year - doesn't that mean from the start of October? and in the Chief Executive Officer's Report we find this - "to support growth plans such as SolarWinds which is expected to start benefiting in the year ended 31 March 2020".
So it is anticipated and expected, but not guaranteed. At 10:31 on Monday, MrDibbles told us - "The company now has 100’s of happy customers…with more joining very soon" - more joining soon - I hope so, but didn't he make it sound like a certainty rather than "expected".
Also, see this - "SolarWinds has engaged with the three inaugural TMSP’s, of which Falanx Cyber is one" - so the period of exclusivity is over.
So with my reluctance to take the numbers as evidence, for me it all boils down to - can I trust the people and the things they say. We should get the Interims in November. They won't cover the second half of the year when the benefits of the SolarWinds tie-up are anticpated to start rolling in , but I hope for a few words in a "Post Period Highlights" section to give us an indication of if it is happening. If not, then I want a trading update very soon after the Interims.
I am watching the trading with great interest. For me, this is a time for serious decision making - is it a chance to offload some be
100% correct Fairview! Whether anyone invests or not is a matter for themselves of course. But I would ask people to look at the track record, the promises, the well feathered nests, the disdain for communication, the jam the day after tomorrow mantra and whether reducing losses by 10% is enough to get this to breakeven before they need cash again.
The rise must have IMO come about from either a tip from TW etc or a relief rally because the results were in all honesty not as bad as expected. Despite the relatively large trades today the SP ask has stayed under 1.8p. Are there lots of shares about? Do the MM's know this will be walked back down shortly?
Incidentally where are the director buys? After all they can't believe how cheap this is.
Michu Dodgy Pot doesn't care about the impact of his posts nor investors who may have listened to him at 3p and 4p. In terms of missing the boat in your example I would not worry about investing at 3p and having 'missed out' as long as I believed the story has changed. Which I don't. I thought there might be a requirement for a placing. That has proved wrong to date. Look at all the buying today in large volumes and the SP hasn't budged. I would short it from here for that very reason. I also say investors will be lucky to see 3p not to mind 3.5p. I have no FOMO here. I will happily admit I am wrong if it turns out that I am. I haven't gone away and hidden on the 25% rise which goes against my call on this.
MrDibbles - re. my posting at 17:04 yesterday - "The Company may need additional access to capital in the future" and your reply at 17:49.
I wasn't expressing any view on whether or not the Group may require further financing.
I posted it merely to point out to the people on here who insist that there will be no placing, the wisdom of the saying "Never say never".
Cannot agree more with your comments.
I believe most of FLX investors knew from the outset their investments were of a speculative nature which applies to most, if not all AIM stocks.
However, there are others who miss this point and judge certain investments as reckless and feel they have to help the “unintelligent” investors because they know best !
Where else would you get a stranger telling you what to do with your money ? Not once but 100
times...so absurd it borders on the ridiculous.
The same individuals “warned off” investors to “steer clear” of another share that within a short period of time gained circa 20+% ...
Anyone with any moral fibre would not even contemplate effecting someone’s decision-making
In terms of their investments ...especially on the back of, at best a gut feeling and at worse a total guess, albeit it one that was correct...