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Buy Falanx at a 7.5p offer - target to sell 10p+

Tom Winnifrith
Saturday 16 September 2017

First the disclosures. No 1. We own stacks of these shares (bought at 4p) but will not sell until the shares are north of 10p. No 2. Hotstockrockets tipped them at a 4.25p offer and has them as a STRONG HOLD -I think certain colleagues are too cautious. Now over to cybersecurity play Falanx (FLX) which has recently served up a cracking trading statement and a cute little acquisition. Falanx says that in the run up to its half year end  (30 September) it has won "significant new sales contracts with recurring revenue... Remains on course for operational breakeven this financial year." It repeats that "business on track to reach breakeven during the financial year with sufficient cash to see all current operations through to profitability."

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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