Member Info for NoelShempsky

Thanks ragnarlothbrok

It gets more exciting eh, MatthewC? I thought so too, see this bit - "his appointment as Non-Executive Chairman will allow me to focus on my role as CEO and drive forward our growth plans".

Will FK1 agree that it is getting more exciting?

Have I revealed my ignorance? It occurred to me that non-execs might not be paid.

Are non-execs paid?

Also stated -

"We plan to appoint an additional experienced non-executive director in the coming few months."

I can predict the future. I foresee a certain person saying something about snouts and a trough.

A nicer prediction - I see the share price growing at an exponential rate -

2.4p
3p
3.75p
4.6p
5.8p
7.3p
11.44p
16.2p

...

New director -

"Falanx Group Limited, the AIM listed global cybersecurity and intelligence provider, announces that Alexander Hambro is joining the Board as Non-Executive Chairman with immediate effect. Mike Read who has been acting CEO and Chairman since November 2017 will continue in the role of CEO.

Alex has been active in the investment sector both in the UK and the USA for some 30 years, during which time he has acted as a principal investor, manager and sponsor of private equity and venture capital management teams.

..."

Also in the RNS -

"Articles and Memorandum of Association (the "Articles")

The board of Falanx has passed certain resolutions aimed at updating its Articles (which are under British Virgin Islands law) and ensuring that, so far as is possible, these are closely aligned with those of typical UK AIM listed companies.

...

pre-emption rights in order to protect shareholders against potential future dilution. Unless otherwise ratified by shareholders, the board will be restricted from issuing shares amounting to more than 12.5% of the fully diluted share capital for cash and up to a further 12.5% of the share fully diluted share capital to support acquisitions or other specified capital investments;

..."

https://www.investegate.co.uk/falanx-group-limited/rns/directorate-change/201903280700232249U/

A better link

https://businessbirmingham.com/techforlife/wp-content/uploads/sites/6/2018/02/Falanx-Cyber-Security.pdf

It gets worse - this man is wearing jeans and isn't wearing a tie!

https://www.google.com/url?q=https://businessbirmingham.com/techforlife/wp-content/uploads/sites/6/2018/02/Falanx-Cyber-Security.pdf

However - "Falanx’s cyber security division is growing at an exponential rate" - "an exponential rate".

AN EXPONENTIAL RATE

It gets worse.

Note - "The team are responsible for" - should be "The team is responsible for"

I note that "Good standard of English" is not one of the requirements, but "High attention to detail" is, so hopefully no more inconsistencies on the web site.
.
Re "The team are responsible for" - the BBC is very bad for making this sort of error.

Re - New job vacancy on Falanx's careers page -

Note the job title at the top "Office and Operations Support Manager"

then see in the job description "Office and Operations and Support Manager"

So do they want an "Office and Operations Support Manager" or an "Office and Operations and Support Manager"?

I might seem to be nit picking, but inconsistencies such as this knock the professional image of any company, and this isn't the first time I've noticed this sort of thing on their site.

I think that, if they can't proof read an ad before it gets posted, what other sloppy mistakes do they make and does the company employ careless people.

Must we consider this when making the investment case?

New job vacancy on Falanx's careers page -

"Office and Operations Support Manager – Falanx Cyber

Hours: Full time
Reports to: Head of Assess
Location: King Business Centre, Reeds Ln, Sayers Common, Hassocks BN6 9LS
Salary: Up to £30,000 per annum + excellent benefits

25 days holiday
Life Insurance
Private Health care
Health cash plans
Employee Benefits platform

We have an exciting opportunity for an organised and efficient Office and Operations and Support Manager to join our growing team in our office in Hassocks, West Sussex. The team are responsible for testing the security systems of our growing client base and, putting their security to the test and measuring resilience against any systems being compromised.

..."

Note - "our growing client base".

Almost no trading today. Very disappointing.

FK1 - re your post last Friday at 08:40

and

ragnarlothbrok - re your post last Friday at 14:44.

You both cast aspersions about the SolarWinds tie-up, but we shouldn't have expected news about that, because that bit in the RNS about strong organic growth was for the third quarter, and FLX did say that the benefits of the SolarWind tie-up won't be until the first quarter of the next year.

From the RNS on 16th Oct last year - "..., and it is anticipated that the delivery of these support services will commence in the first quarter of 2019. Current sales will have a limited impact on this year's revenue but could dramatically benefit future periods."

So the growth was achieved without the benefit of the SolarWinds tie-up. When the SolarWinds effect hits, the growth will, hopefuly, be even better. [ 15p by 31st July :-) ]

FK1 - in your post last Friday at 15:16, you wrote, "Today they state that the third quarter of the year is the one to the end of March 2109 [sic]"

They didn't say that the third quarter ends on 31st March. They said "in the third quarter of the year to 31 March 2019" - it is the year that ends on 31st March. It would have been clearer if they had put "in the third quarter of the-year-to 31 March 2019", but even as it was written, you should have realised what it meant as FLX does state that their year ends on 31st March.

I think you were blinkered by your bias against the company and it shows that you are not thinking rationally - you just have an axe to grind. You do appear to be intent on talking it down.

Take off?

Very likely.

It often happens.

Drat, should be "impact".

5p by 12:00 today?

Is this maximum ipact?

"Both of Falanx's divisions experienced strong organic revenue growth in the third quarter of the year to 31 March 2019. Following the institutional fundraising in November 2018, the Company's cash balances remain strong and are able to support its next phase of growth. "

https://www.investegate.co.uk/falanx-group-limited/rns/change-of-adviser/201903220700056558T/

So, others on here are not happy about the lack of news.

The reason why, last month, I made a forecast of 5p by mid-March, was because I expected an announcement to be made before mid-March, and the good news would lift the sp.

I couldn't believe that they could go for so long without making some sort of statement.

I'd like to rephrase that - I couldn't believe that they would have the gall go for so long without making some sort of statement.

This site defines gall as "to do something rude and unreasonable that most people would be too embarrassed to do" - from https://www.ldoceonline.com/dictionary/have-the-gall-to-do-something

https://www.thefreedictionary.com/gall defines gall as "something that causes vexation or annoyance"

I think both definitions apply here.

It's better than that FK!.

Those were just the vacancies in the Cyber division FK1. There are also some Assynt jobs listed.

Current Assynt Vacancies:
Assistant Director/Senior Editor, Geopolitical Intelligence
...
Salary: £45,000 per annum Depending on experience + Benefits

The following are also listed, but no salary is shown -

Global Security and Geopolitical Risk, Senior Analyst – Dubai

Due Diligence Analyst – Hong Kong

Political and Security Risk, Junior Analyst

BUSINESS INTELLIGENCE ANALYST – LONDON

Embedded Intelligence Analyst

If we assume £30,000 on average for these, plus the £45,00 above, that is very nearly £200,000, plus the employers NI and other costs.

So it's all good news. Remember that in the crazy days of the dot com boom, the higher the cash burn, the faster a company's share price went up. Cash burn was taken as a sign of confidence and good things to come.

I must add this to my list of confidence boosters.

If we were in the dot com boom era, FLX would be well over 300p by now.

This time next year, we'll be millionaires.

$1,400 - when? 2025?

I had a look at the job vacancies at Falanx -

https://falanx.com/careers/

I'm not happy.

"Falanx is an exciting, global Cyber Security and Intelligence business proud to provide some of the largest businesses in the UK and globally with ..." I note the absence of phrases such as "rapidly expanding", "fast growing" or "highly successful" Why is it exciting? A football team can have an exciting match when it is near the end of the season and thisi games decides whether or not they get relegated.

"We have big, exciting plans and are always looking for talent to join our teams" - but no phrases such as "rapidly expanding", "fast growing" or "highly successful".

"We have big, exciting plans" - so what? I had big, exciting plans for what I was going to be going with my profits from FLX shares.

"An exciting opportunity has arisen" - why - because the company is growing or because someone has left? Are people leaving because they see trouble ahead? I would have liked to seen "Due to expansion, an exciting opportunity has arisen"

"Business Development Director – Falanx Cyber

Hours: Full time
Reports to: Sales Director
Location: Remote with frequent travel to client and Falanx sites in the UK
Salary: £50,000 – £70,000 basic depending on experience, with further OTE potential of over £100k + excellent benefits"

...

Business Development Executive – Falanx Cyber

Hours: Full time
Reports to: Sales Director
Location: Remote with frequent travel to client and Falanx sites in the UK
Salary: £30,000 – £45,000 per annum with excellent earning potential + excellent benefits"

"Current Cyber Vacancies:
Lead Security Consultant
...
Salary: £80,000 per annum + Benefits"

...

Senior Cyber Security Consultant
...
Salary: £60,000 per annum + Benefits

...

Cyber Security Consultant
...
Salary: £25,000 per annum + Benefits

...

Senior Penetration Tester
...
Salary: £50-70,000 per annum + Benefits

...

Penetration Tester – Team Lead
...
Salary: £40-50k per annum + Benefits

Junior Web App Penetration Tester
...
Salary: £25-30,000 per annum + Benefits"

Seriously, please look at these two articles, a quick glance will do - note the dates and the photographs. I know that Paris Hilton is just, so-called, celebrity tittle-tattle, but there is a serious issue in this - honesty and truth in the press.

How can they report that she did this last night, when the photographs prove that she did it six months ago? What is going on? Has she disappeared and it is being covered up?

https://www.dailymail.co.uk/tvshowbiz/article-6803393/Paris-Hilton-turns-heads-plunging-purple-gown-fingerless-gloves-attends-beauty-bash.html

https://www.dailymail.co.uk/tvshowbiz/article-6299071/Paris-Hilton-puts-affectionate-display-fianc-Chris-Zylka.html