Member Info for NoelShempsky

From the results - EBITDA, for each division, in the second half of the year - and did we miss this "Revenues grew by 222%" -

Falanx Cyber -

"Our core division recorded a much stronger performance in both revenue and EBITDA performance than in the prior year (see note 4). This was due to the acquisition of First Base (acquired 23 March 2018), increased contract momentum and stronger professional services utilisation. Revenues grew by 222% to £3.57m and the final 6 months were 46% greater than H1. Gross margins were 49% (2018: 21%) and this was attributable to business mix and stronger professional services performance. The division invested in sales and marketing expansion as well as infrastructure investment in the second half of the year to support growth plans such as SolarWinds which is expected to start benefiting in the year ended 31 March 2020. Overall adjusted divisional EBITDA was £0.05m (2018: loss £0.87m) and the division was profitable on a similar basis in the second half of the year, reversing similar losses in the first half of the year.

...

The combination of strong and growing demand for the Falanx Cyber portfolio of services, market pull of the MSP 'Channel' model and the unique opportunity offered by SolarWinds, indicate another year of high growth ahead. In 2019, the division had overall organic growth of 10% although our key service line of monthly recurring monitoring grew by over 90%."

A while ago, we had a debate about "mindset" and the dangers of looking only for good news in announcements, so, on that point, perhaps I shouldn't get too excited about "Revenues grew by 222%" - shouldn't, but I am.

Then it says about Falanx Intelligence (Assynt) -

"Revenue and EBITDA reduced in H1 as a consequence of remodeling and investing in the business to move away from historic 'spot' revenues and toward a greater proportion of high-quality recurring revenue. In 2018/19, the two recurring revenue product lines represented 85% (2017/18: 72%) of total Intelligence revenues. The remaining 15% of revenues were from one-off Business Intelligence ("BI") and Strategic Intelligence consulting projects. These 're-balancing' measures ensured a return to growth in H2, with revenues growing by 32% compared with H1. For the full period 2018/19, revenue of £1.64m (2017/18: £1.89m) was generated with an adjusted EBITDA loss of £0.05m (2017/18: profit £0.25m. The second half turnaround led to a much-improved monthly recurring revenue performance and was achieved after a planned increase in cost base to build expansion capability to support future growth and the division was profitable at an adjusted EBITDA level in the second half of the year."

Do these sections give us hope that FK's forecast of 0p will never happen, and the share price might actually get back above 3p?

By the way, you can read chapter one and most of chapter two for free - see the "Look inside" link - and you don't need a Kindle to read it. There is a free app that lets it be read on any device.

Interesting word "Jeez". It is close to "Geez".

In my novel I used the word "Geez", but it has a hard "G" - "Geez a trowel" - my attempt at saying "Give me a trowel" in Glaswegian.

Treat yourself to a few hours engrossed in a complex, mystery thriller that will test your powers of deduction to the limit. Physics, astrophysics, computer hacking, investigators using the latest technology and much more in this outstandingly original novel.

"The Perdix Project"

https://www.amazon.co.uk/dp/B07SJNP9S4

1.64 608,994
maybe I won't have to sell

The missing word - "way".

I learned the hard way

FK tell us that 0p is on the cards. I learned the hard that you ignore FK1 at your peril.

If, by this time next week, there has been no director buying, I will be very seriously considering cutting my losses.

Expect, over a period, a drip feed of millions.

The worm compliments GLR - but doesn't GLR1990's post prove FK to have been right all along - so come on worm - compliment FK1 for his astute analysis.

Prove you are a man and not a worm and give him the credit he deserves.

Just stirring it up a bit.

From the INTERIM RESULTS for the Six Months to 30 September 2018 -

"Recurring revenues remain strong and grew by 41% to £1.2m and provide a strong underpinning for the Group"

https://www.investegate.co.uk/falanx-group-limited/rns/interim-results-for-6-months-to-30-september-2018/201811140700022535H/

Just to be clear - that "EBITDA positive by the year end, around £200,000 positive" was a projection.

Worth watching.

My memory was slightly wrong FK. He didn't mention a pound, talking about the results to year end 31 Mar 2018, he said that he would have been happy if it was only a penny into positive territory, but it was more than that - but does he mean only in one month, July?

At 5 mins 20 secs - EBITDA - "EBITDA positive by the year end, around £200,000 positive"
https://www.youtube.com/watch?v=X3DkRhI9AhE

Open question to all and not just to FK1 - any chance of FLX getting a mention in next week's Investors Chronicle?

If so, will IC pick up on the 73% increase and other "good news" numbers, or will it pick up on the fact that FK has highlighted?

Again we have to thank FK for giving us, for free, the sort of astute analysis for which, some tipsters charge a subscription fee.

I think so FK. I'm positive that in a video interview Mike Read made a point of being EBITDA positive. He said it was only by a pound, but the point was that it was positive and the market was overlooking that fact. He went on about "mindset" and I remember telling you that you had the wrong mindset with your gloomy predictions.

Time has proved that there was nothing wrong with your mindset, so this is an example that shows why I say "Ignore FK1 at your peril. I learned that the hard way."

On the day that the results came out, just look at the posts from the slimeball and the worm.

Other than a few insipid remarks on the results, their posts are mainly abusive and they continue to attack someone who has been consistently correct with his forecasts for the sp.

In the results, Mr A Hambro expresses a great deal of optimism and a certain amount of confidence. Others might possibly see his words as being extremely confident.

The news of his appointment made me add to my holding, so I hope my confidence in him turns out to have been justified and the top up turns out to be profitable.

When it come to the sp and its direction, there is one, and one only, voice on this board worth listening to - someone who has been consistently correct with his forecasts for the sp. If the FLX sp is on the way up then FK1 will be the one who announces the train leaving the station.

Don't get on board until FK1 advises that it is the right time.

Something missing from the highlighrs - "We had a nice party"

I think there is a chance that later today we will some director buys.

Just my optimism and wishful thinking again, but not an unreasonable thought.

Snag - has this announcement ended the closed period or do they have to wait for the accounts to be released?

It is due to being faced with the evidence (see my "Let's all have a laugh" post at 16:52 yesterday), that has made the slimeball change his tune.

There was a bit of humility in his new post, but where is the apology for the insults and abuse?

I will now have to go back through his posts on another evidence gathering exercise and then I will present examples of the shameful language he has used.

Everyone will then understand why "slimeball" is thoroughly deserved and justly applied.

So there you are FK - "By the way I don't know if you realise this but investing in the markets is supposed to be about making money" - posted by unfairview at 13:18 on 21th August. - that was said to you.

So unfairview is teaching you a lesson in how to make money - he is showing you how it is done.

Of course, in mocking him, due to my losses, I have a sickly feeling in my stomach, so I do hope that in the end he turns out to be right about "cheap as chips".

However, even if the sp goes up a lot, he still deserves to be mocked for his wrong calls on the sp. We can all sometimes get it wrong, but he writes with a smug arrogance that is totally unjustified and his abusive remarks to you are hypocritical, unjust and totally shameful.

He is worthy of his nickname - the slimeball.

Let's all have a laugh -

"Well I reckon next week for the results and I reckon they'll be worth the wait" - posted by unfairview at 16:21 on 23rd August.

"If I had some spare cash I'd buy some more." - posted by unfairview at 15:00 on 15th August. My comment - what was the sp then?

"Cheap as chips" - posted by unfairview at 12:38 on 15th August. My comment - what was the sp then?

"I think when the results come out this week or next week people will realise they missed a bargain ... They could easily double from this price " - posted by unfairview at 09:57 on 15th August. My comment - what was the sp then?

See these two -

"I started buying in to Falanx in the 1.6s, the 1.7s and the 1.8s so I'm probably about breakeven at the moment" - posted by unfairview at14:59 on 31st July. - and "By the way I don't know if you realise this but investing in the markets is supposed to be about making money" - posted by unfairview at 13:18 on 21th August.

"You are funny Fallingknife. How do you know I'm losing money?" - posted by unfairview at 12:27 on 31st July.

"For me it doesn't matter if the results are this week, next week or the week after." - posted by unfairview at 11:19 on 31st July. but what does he say now?

The worm is back and, as expected, with nothing to say other than abuse in a personal attack.

Mr Predictable.

He says "I seriously think I will be physically sick" if he hears the truth from FK again.

FK has, over a long period, made forecasts for the sp that always turned out to correct. He has been a guiding light that I wish I had followed. (BTW - what did you mean by "followed" slimeball?)

As I wrote in an earlier posting today about people like the slimeball and the worm -"shameless and have no respect for truth" - so it is no surprise that truth will make the worm physically sick.

"If only there was someone posting who didn't hold the same view as you then."

Well said FK, and it is exactly as you said in a prevous post - expect that they will change their tune, and he has done so - but don't expect him to admit his guilt

Hypocrites and lairs (his own words ("followed") prove him to be either a hypocrite or a liar and probably both) are shameless and have no respect for truth or logical reasoning.

I know the type, and that is why I say that he deserves the very fitting name of 'slimeball'.