We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Still growing assets £150m and interest income £16m ( twice as much as a few years ago ) and making a profit albeit not as much as last year - 50% discount to NAV - simplified share structure to come and Q1 figures show 2017 on course to be better than last year according to JM - so sitting tight
300k shares bought today imo. Interim results could be as soon as August so "lets be careful out there" GLA
Set up for who ?
thats how i read it.
Doubt if it will rise anytime soon to 15p or anywhere near. Or the collective to the singular and back to the collective. In the main paragraph of the initial brief announcement it is Interesting to see JMs change in the use of WE to I and back again-an incredibly poor performance blame transfer in the physiological sense from the boss to his staff for failing to meet his performance directives thus his hopes, Having got it wrong and allowing his true hidden thinking to show it will be a while for his level three thinking shock to settle and recover as business continues before getting back on track -a true banker in all respects. He should take a complete break - The thing is he probably senses it through concern but does not realise it in the way described. One of the hidden root causal ways a share price fails.
Troy, results were not that bad, and the outlook shows great promise. Growth is key. Half the battle is the underlying market. Buyers will buy this in a good market and on fundamentaly good results. It just takes one tip or substantial piece of news and this should rise to 15p+ imo I'm confident enough longterm to buy any weakness.
I wondered who was hoovering up!! The results are important although I will be more interested to see what happens with the loans, options and warrants with June/July 2017 dates attached.
Just to clarify post below, I owned 500,000 shares. I have in fact since then bought another 200,000 shares. Fundamentally this is a good little company, but currently seems to have two absentee landlords in Mr Mellon and Mr Banks. The results are late compared to previous years, when they were released in February and show no sign of coming out this month. Normally late results are a bad thing, but let us see what transpires.
"I have ended up owning over 500,00 shares" For clarity is that 500,000 or 50,000 shares? Nice rise today on little volume but there again how many shares are there in free float?
Dear Test pack and Korg 3, I have ended up owning over 500,00 shares in this company as i could not believe how cheap they appeared to be. The half year results were very poor however, being flattered by an increase in a provision for a VAT reclaim, which they may or may not ever recover . I await with interest the full year results, but to be honest I think the two major shareholders Mellon and Banks have other things on their mind so I would not get excited. If I can get out break even , I will be delighted, I live in hope!
Last year 3rd March. Have the steps taken to reduce the charges to intermediaries affected positively full year earnings? If yes, could be 20_30% upside on sp., with perhaps a 10% downside if not. Worth a punt for a quick gain methinks! Korg, was that your 30000 buy this am. I would like to have seen some ìnsider` buys if results are going to be v positive. GL all
ALL banks reporting strong profits now. MFX ratios make this look like a gift compared to other banks.
Any date ? Looks like a sell earlier.
Time to buy these imo before the REAL rise!
Keep adding new business, plus UK mainland expansion. Lot of growth to come imo.
Size isn't everything
This company is growing bigger every new RNS
From Growth Company Investor Despite its tiny size, Manx has two high-profile backers in Arron Banks, who owns 29 per cent, and chairman Jim Mellon, with 17 per cent, whom we might assume are interested in expanding the scale of the company. The Isle of Man has never been in recession, making it an attractive place to do business. It’s also a good source of detail deposits for Manx’s Conister Bank, which has been operating since 1935 and is a strong local brand. Manx has also been building up its local IFA network, but the main growth potential lies on the mainland. Manx accesses the UK market via brokers but is beginning to undertake direct lending. This could well lead to further expansion in the UK, possibly through acquisition if the right vehicle could be found. Most lending is secured, with over half the book consisting of hire purchase loans. The market cap of £9 million stands at a 30 per cent discount to shareholders’ funds of £12.8 million, despite Manx earning a posttax return on equity of 17 per cent last year. Even allowing for dilution from outstanding convertibles and warrants, the shares would still trade on a discount to NAV and a historic p/e of 7. n MANX FINANCIAL Ticker MFX Sector Financial Services Market cap £9m Share price 9p BUY
Ready for a big move, still cheap, so expect a mark up and continued momentum this year imo. Chart looks good, should double from here.
most tipping banks for a recovery year.
MFX WINS HANDS DOWN!!!! This share is a BUY - target price 20-40p PQ Ratio 0.83 PE Ratio 5.69 Tobin's Q Ratio 0.08 Tobin's Q Ratio (excl. intangibles) 0.09 Dividend Yield - % Market-to-Book Ratio 0.91 Price-to-Pre-Tax Profit PS 5.24 Price-to-Retained Profit PS 5.70 Price-to-Cash Flow PS 0.80 Price-to-Sales PS - Price-to-Net Tangible Asset Value PS 1.19 Price-to-Cash PS 1.48 Net Working Capital PS - Price Pct to Working Capital PS - % Earnings Yield 17.58 % Average PE 10.88 Years in average 2 PE to PE average 52.30 % LLOYDS PQ Ratio 2.76 PE Ratio 80.30 Tobin's Q Ratio 0.06 Tobin's Q Ratio (excl. intangibles) 0.06 Dividend Yield 4.28 % Market-to-Book Ratio 0.98 Price-to-Pre-Tax Profit PS 27.89 Price-to-Retained Profit PS -75.91 Price-to-Cash Flow PS 2.80 Price-to-Sales PS 1.98 Price-to-Net Tangible Asset Value PS 1.19 Price-to-Cash PS 0.78 Net Working Capital PS - Price Pct to Working Capital PS - % Earnings Yield 1.25 % Average PE 68.22 Years in average 2 PE to PE average 117.71 %
Looks like a transitional brexit now, should be as pain free for all concerned. Looks good for 20p+. Still hideously cheap in a bull market.
All the banks rallying. Compare the price to book and p/e ratios of other banks. This is the BEST value.
Thats a conservative 20p, VERY conservative. MFX made 2.5 million PROFIT and are valued at £8million, purp made 300k profit and are valued at 260 million, Grossly undervalued, should be 10xprofit minimum, so should be nearer an £25million market cap imo, ie 20-25p on traditional valuation, Double that as a growth stock, which this is.
For anyone interested in chartology, the 14 DMA is about to cross the 50DMA., and heralds an upturn in sp. Well hurrah for that. I hope KORG is right with his 20p target, but v much doubt it. GL all