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Falanx - Broker sets 12p share price target

November 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FLX
  • Price:
  • 7.4p
Nice to see another broker latch onto Falanx’s potential. Beaufort has initiated coverage ahead of interims in November and forecasts a 41% jump in sales for the current year to end March of £4.1m (£1.5m for H1) with a further jump to £6m next year as Falanx’s newly launched cyber detection and response system, MidGARD, gains traction. The broker sets a 12p share price target.I await the next contract win, which I think will set the cat among the pigeons and spike the shares. Certainly more speculative than the majority of shares I write about but with GDPR coming into play on 25 May, I remain a buyer. ...

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