The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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funny as some of your posts are DP, the whole tone between you guys is going to put people off this bb quickly imho.. and that's not good for broadening the church of falanxers ..
Generally, there may never be a thumbs up from Fk to buy here..or if there ever is it won't be at lower than 3.5p imho.. even if flx shows signs of upturning the business he'll still just say wait and see as there's a car crash coming around some corner in the future.... he believes this is a failing business and it will take a lot to change that view.. but the way AIM works this could be 3.5p and more quickly if some momentum is visible .. and even if it falls - or crashes back - that's a trading opportunity lost..eg 100% from todays s/p - or say 200% off all time lows for eg - is significant, even if for a loss reduced sell up for some etc..
Good luck to anyone who is invested here but I think it's very risky. I did much the same thing a couple of months ago thinking they must have made progress on Solarwinds but there was nothing. I made another mistake selling on results day, although why they have risen from 1.3 to 1.7 is beyond me. This quote from the October 2018 RNS sums up the FLX board:
"Falanx will be working with the SolarWinds network of MSP's in the coming weeks to plan, design and implement the roll out of this extensive programme, and it is anticipated that the delivery of these support services will commence in the first quarter of 2019."
A total load of BS so I would suggest nobody invests too much money here.
Nicetu, whilst you put up a good argument for a rise
and a speculative investment, it must be borne in mind that this goes against Shep’s INSTRUCTIONS not to but until the Station Master gives the thumbs up..
new Solar Winds software roll out in the coming months does provide an opportunity for a strong business momentum uptick for flx imho.
Indeed, there's a clear case why this s/p can rise from these still very low levels in anticipation of this ( and indeed potential other avenues of progress by flx too.)
Altogether, there is of course still a decent chance that this can be turned into a successful business imho.
Shep, in any response can you try and give us all a break and give up with the “you were right and I did not listen, don’t buy until...” ramblings...
You have now worn that one out...
Would be very much appreciated..
SolarWinds* apologies for the spelling
and your** 5p prediction of course Noel not our** :)
Morning Noel, They are incapable of discussing FLX and their losses in their investment while doling out advice here as well as personal abuse.
So back to the company once more. What are your views on the results Noel now there has been a few days grace to think about it. I know our 5p prediction was a bit tongue in cheek but was there enough in the report to get you to put fresh money in? There were plenty who did yesterday of course. Solarwynds and tehir break even timeframe seem a bit woolly to me. This is why I think once the froth has blown off here (and it is currently stalled) we will have a retrace and a revisit of 1.25p on the bid.
I feel so flattered that the worm took the time and the trouble to write all that.
It pleases me to know that he reads my postings so intently and absorbs every detail.
MrD, please don’t encourage Shep to “cut and paste” more information readily available..yesterday’s news...
He needs all his time to tell us have proficient the Station Master is at forecasting he demise of FLX.
If you don’t already know, the SM has called it down from 54p.
He is the only who was accurate with his guesses.
And don’t whatever you do NOT BUY UNTIL HE GIVES THE GO AHEAD.
I know it beggars belief and you do have to wonder about the mental state of Shep but would you not think that the Station Master would call a halt to
this if not just for the sake of Shep’s sanity but also out of embarrassment...
But NO, the prat the Station Master is, he is actually lapping it up when most of us would be absolutely cringing at the ridiculous “he was the only one who right” after he 2nd time never mind the 50th !!!
We can only take so much...
Note - "the fourth tranche when the share price reaches 20p" - when will that be?
Please note that these are just things that caught my eye. Please see the full document.
13,550,000 share options were granted at 3.50p, a price 19% over the then current share price. They vest in three tranches: the first tranche when the share price reaches 6.5p (25%), the second tranche when the share price reaches 9p (25%) and the third tranche when the share price reaches 12p (50%). The Share Options only vest if the average share price has reached the relevant threshold level for a period of three months, save for the event of a change of control in the Company, in which case they will vest in full.
4,249,999 share options were grated at price of 5p. They vest in three tranches: the first tranche when the share price reaches 7.5p (25%), the second tranche when the share price reaches 10p (25%) and the third tranche when the share price reaches 12.5p (50%). The share options only vest if the average share price has reached the relevant threshold level for a period of three months, save for the event of a change of control in the Company, in which case they will vest in full.
2,000,000 share options were granted at 7.125p. They vest in four tranches: the first tranche when the share price reaches 7.125p (25%), the second tranche when the share price reaches 10p (25%), the third tranche when the share price reaches 15p (25%) and the fourth tranche when the share price reaches 20p (25%). The share options only vest if the average share price has reached the relevant threshold level for a period of six months, save for the event of a change of control in the Company, in which case they will vest in full.
The weighted average fair value of the 17,799,999 (2018: 26,200,000) options granted during the year was determined using the Black-Scholes and Monte Carlo option pricing models. This resulted in a cost of 0.84 pence per option (2018: 3.41p). The significant inputs to the model were exercise price as shown above, an expected option life of three and a half years, expected volatility of 70% (2018: 50%) and a risk-free rate of return estimated between 1.02% (2018: 0.35%) and 0.92% (2018: 1.16%). The volatility is based on analysis of the volatility of the company’s historical share price.
2.1.1 Going concern
The Group made losses of £1.8m (2018: £2.0m) in the year of which £1.2m (2018: £1.6m) relates to the Adjusted EBITDA performance of the business. Cash balances as at 31 March 2019 stood at £2.4m and these were seen by the Board as sufficient to achieve break even and cash generation on its organic plans. Should the group not achieve its revenue and growth targets the Board routinely prepares alternative stress test scenarios to deal with lower growth and any ensuing shortfall in working capital. This assumes that cost reductions and discretionary expansion spend would be curtailed as well as cessation of certain investment spends. Other measures could involve the disposal of assets or business units. Furthermore, the Group could seek, as in previous years, the support of investors and Directors (debt or equity) and has received offers of invoice discounting facilities should it want them.
Based upon the above the Directors have a reasonable expectation that the Group has adequate working capital for the twelve months following the date of signing these accounts. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
There are statements in here that show MrDibbles to be a clueless oaf.
Page 14 or 15 (14 ptined on the page, but Adobe reader says page 15)
"The Company may need additional access to capital in the future
The Group's capital requirements depend on numerous factors, including its ability to expand its business and its strategy of making complementary acquisitions. If its capital requirements vary materially from its current plans, the Group may require further financing. Any additional equity financing may be dilutive to shareholders, and debt financing, if available, may involve restrictions on financing and operating activities and adversely affect the Group's dividend policy. In addition, there can be no assurance that the Group will be able to raise additional funds when needed or that such funds will be available on terms favourable or acceptable to the Group. If the Group is unable to obtain additional financing as needed, the Group may be required to reduce the scope of the Group's operations or anticipated expansion, dispose of assets or to cease trading."
However, I think is a general warning and not a statement that they definitely will need to raise funds.
So a 2 million buy didn't send it up by much - but what would a 2 million sell do to the sp?
Shep, try unwrapping your brain, you never know it might just work...
As usual - nothing worthwhile to say, just abusive remarks from the worm.
You may be controlling the drivel Shep posts but don’t try it with me, if you would not mind that is Officer !!
Do try a post on teh company Dodgy Pot. You might actually produce something someone wants to read about. Even your losses here are entertaining so please chat about that. At least those losses are FLX related.
Getting out of your pram are we ?
You are an ignorant cretin Dodgy Pot. You never post anything on the company itself even when you are clawing back your losses to only about 30% underwater. Quite a sad individual really. You will never be lonely though while you have your losses to play with here. Toodle pip old fruit.
The Muppet Show continues unabated.
Initially it was comical, then farcical and now
just plain sad...
Shep, did you ever go for that brain scan ?
If not, don’t bother, you either have no brain whatsoever, or if you actually do have one, it is brand new and still in the wrapper...
I posted my last post before I read yours FK.
1.25p eh?
Oh no. That is dreadful news for me and sadly, your excellent track record makes me believe that you wil be proved right.
If this is going up, then the one who will correctly forecast it will be FK1.
I'm sure his ability to forecast a rise is as good as his skill in forecasting falls.
Don't buy until FK advises that it is safe to do so. I learned that the hard way.
Slimeballs and worms know nothing - clueless and have a hidden agenda for posting. Won't say what he meant by "followed".