Member Info for NoelShempsky

I hope will pardon my cheek, but would you care to comment on how far this might drop? Thank you.

RetiredBanker, good sell you made.

It has gone sub-2p see the second 750,000 sell today.

It is time to admit defeat. I was a mug for not taking your advice FK1.

1.95p

Dynamite report - everybody needs Falanx (my words) -

"Nearly a Fifth of U.K. Public Sector Organisations Reported Over 1,000 Cyberattacks in 2018, Despite Over 95 Percent of Respondents Using Firewalls, Antivirus, and Malware Protection

Freedom of Information request conducted by SolarWinds examines cyberattack preparedness among NHS, central government, and defence public sector organisations

..."

https://www.investegate.co.uk/solarwinds-worldwide--llc-/gnw/nearly-a-fifth-of-u-k--public-sector-organisations-reported-over-1-000-cyberattacks-in-2018--despite-over-95-percent-of-respondents-using-firewalls--antivirus--and-malware-protection/20190522093200H4844/

I don't believe it - the cheeky b******* have trade marked "Head Geek" -

"“While preparation is generally high throughout the public sector, the growth in large numbers of attacks shows that there is still significant risk,” said Sascha Giese, Head Geek™, SolarWinds."

On the Falanx web site, there is a Progressive report from August 2018 -
https://falanx.com/wp-content/uploads/2018/08/FLX_20180814-Strong-market-dynamics-with-consolidation-opportunities.pdf

This report outlines the Falanx strategy and the strategy behind the acquisitions.

Falanx estimates revenues of £7.1 million for 2019 and £9.3 million for 2020.

On page 21 there is an explanation of the factors that led to the estimates.

Credit where credit is due FK1, you were right.

Another competitor releases news -

"The vCISO services provide clients with a virtual cybersecurity team and network protection at a fraction of the cost of building their own team" - no need to pay those £60,000 and £80,000 p.a. salaries plus benefits.

https://www.investegate.co.uk/crossword-cybersec--ccs-/rns/launch-of-vciso-product/201905210700026008Z/

and they haven't just made it, they have it in use with a customer -

Stuart Jubb, Managing Director Crossword Consulting Ltd, commented: "We are delighted to have launched our virtual CISO service with a three-year contract, Crossword's largest value contract to date. Our first client is already seeing the benefits of having access to a top security team, at a fraction of the cost. We have a number of opportunities in our pipeline for the vCISO service and expect this will be a core part of our business in the future."

So we are getting news from competitors, but silence from FLX.

They say "No news is good news", so the silence is good news. Aren't we lucky.

A competittor reports its results -

ECSC annual results -

https://investor.ecsc.co.uk/downloads/ECSC_RNSFY18FINAL_13_Mar_2019.pdf

I'm keen to see what this does to the ECSC sp.

ECK up again today

If you do take shine to ECK, please don't sell any FLX to buy ECK. :-)

Sell something else. We don't want the FLX sp dropping any further.

For those who are fed up of losing money on FLX, may I suggest that you take look at ECK, currently about 43 to buy.

This is a nice burst of buying this afternoon. I think the ECK sp is going to rocket.

I might be jumping the gun a bit here - but today's trading and price action makes me think I was right in my last post about what the chart indicates.

If I am right, expect good things soon.

More competition, can FLX get ahead of the pack?

"VSBLTY JOINS CYBER OPS ALLIANCE, DELIVERING SECURITY SOFTWARE SOLUTIONS UTILIZING ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING

Philadelphia, PA, May 09, 2019 (GLOBE NEWSWIRE) -- VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt: 5VS) (OTC:VSBGF), a leading software technology company, has joined the Cyber Ops Alliance (COA), a major international cyber security integrator, according to a joint announcement today by Dan Downing, COA CEO, and Jay Hutton, VSBLTY Co-founder & CEO.

A consortium of best-in-class cyber security specialists, COA was founded by former intelligence community executives, decorated military general officers, senior law enforcement directors and the world’s best subject matter experts on Darknet operations. Each company in the Alliance brings unique capabilities and operates as part of a COA team with a clear, coordinated focus."

https://www.investegate.co.uk/vsblty--inc/gnw/vsblty-joins-cyber-ops-alliance--delivering-security-software-solutions-utilizing-artificial-intelligence-and-machine-learning/20190509123500H8629/

Is there anything in this for FLX?

"SolarWinds Expands Security Portfolio with SolarWinds Endpoint Detection and Response Through Partnership with SentinelOne

DURHAM, N.C., May 07, 2019 (GLOBE NEWSWIRE) -- (live from Empower MSP) – SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today announced that it has expanded its security portfolio with SolarWinds® Endpoint Detection and Response through its partnership with SentinelOne, the autonomous endpoint protection company. This newest addition to the IT security portfolio is designed to help MSPs prevent, detect, and respond to the latest threats to customer endpoints with patented Behavioral AI."

https://www.investegate.co.uk/solarwinds-msp/gnw/solarwinds-expands-security-portfolio-with-solarwinds-endpoint-detection-and-response-through-partnership-with-sentinelone/20190507093000H6683/

The competition isn't lying down. Skybox is making advances too -

"Skybox Security and Indegy Integrate to Strengthen Cybersecurity in Critical Infrastructure, Manufacturing

The Skybox-Indegy technical alliance will help organizations see and understand risks in connected IT and operational technology networks"

https://www.investegate.co.uk/skybox-security/gnw/skybox-security-and-indegy-integrate-to-strengthen-cybersecurity-in-critical-infrastructure--manufacturing/20190507080000H6547/

I like your thinking RB.

This morning I said I was happy with it. When I read the RNS, I liked the idea of a share buyback and the future benefits to shareholders, but I think something was troubling me. Due to other worries occupying my mind, I didn't think too deeply and the worrying aspect didn't crystalise in my thoughts, but your post has caused that to happen.

I'll risk being caught out as an optimistic dreamer who likes to look on the bright side, but if, after this buyback, bad news were to crawl out of the woodwork, TSG would look pretty shady, and I doubt if they would do anything to harm the reputation, so, despite the wisdom of your thoughts RB, and I do see them as being wise because I do think we always need to be on our guard, I will hang on and hope for the best.

Hmm, still there. It must be to do with this board.

Sorry, those question marlks were not in the announcement and I didn't add them to suggest that I was questioning anything. I think they appeared because I posted the extract into a text editor and then copied it here. They must have been non-ASCII characters which the text editor didn't recognise.

I post it directly form the web page omitting the text editor.

"The Company is proposing to buy back 22,894,565 existing shares from two of the major shareholders within ? UFG Asset Management ("UFG") at an attractive discount to the market price. As part of the transaction further shares will be sold by the same shareholders to other members of the UFG Group, Directors and to new investors. The Share sales, together with the buy ?back, will reduce the dominance by UFG of the share register and benefit ?shareholders as a whole.? "

I'm happy with this -

"The Company is proposing to buy back 22,894,565 existing shares from two of the major shareholders within ? UFG Asset Management ("UFG") at an attractive discount to the market price. As part of the transaction further shares will be sold by the same shareholders to other members of the UFG Group, Directors and to new investors. The Share sales, together with the buy ?back, will reduce the dominance by UFG of the share register and benefit ?shareholders as a whole.?"

See the rest at -

https://www.investegate.co.uk/trans-siberian-gold--tsg-/rns/proposed-share-buyback/201905030700029608X/