RE: Latest RNS: Director buys17 Nov 2017 12:21
It's unfair to rubbish Mike Reid (acting CEO) as he has made more share purchases in recent months. At the placing in May he bought �50,000's worth and again in late July another �15000 + worth so that aspect is a good indication of positivity.
They've repeated they expect to achieve profitability for the year overall - not breakeven.
Quote: The Board is pleased to announce robust growth and believes Falanx is on track to deliver against markets expectations of achieving profitability in the year.Endquote.
Cash at halfway is �1million so unless something is seriously wrong with MidGard I don't see why the talk of a further placing (May's was at 6.75p). The big enterprises work on their IT systems revolving around Servers which from my experience are exposed to daily attacks from Eastern Europe and China. If MidGard can disrupt those 24/7 exposures at a reasonable price, then they will succeed in getting customers as the exposure threats are definitely there.
I haven't understood where the MicroSOC product to be offered to Small and Medium Sized Businesses fits in unless it's MidGard, albeit in name, and offered at a cheaper price ?
I'd like to see for myself MidGard in operation but as that's not going to happen, I have looked at and followed through my understanding of their website advertising. It promises tangible benefits. I have shares in Falanx and recognise that the real profit potential stems from MidGard sales - less so on Consultancy services and the like. I am comfortable at the current level but want to add further given the scope MidGard offers them - I'll be watching for 'positive noises' on MidGard as the sign to buy in more.