Manx Financial Share Chat (MFX)

Manx Financial Group (MFX)

Director name: Mr David Gibson

Amount purchased: 250,000 @ 5.00p

Value: £12,500

What is going on? Are the Directors acting in the best interests of us the shareholders or lining their pockets .

Check this out, could brighten your day

http://www.barchart.com/quotes/stocks/MFX.LS

popped in to see how this is doing - at the back end of last year money week did a roundtable of (professional) investors and one of them recommended this which was priced at around 15p at the time if I recall. I only remember this as I'm sure the guy was a heavy holder/owner and I wanted to keep an eye on it. Here's what he said...

"......... I will also suggest some of my own companies. We have a company called Manx Financial Group (LSE: MFX), which owns a bank on the Isle of Man called Conister. It doesn't lend on property, it only lends against assets – cars, hi-fis and that sort of stuff. So it has a zero default ratio and it's recently made a very good acquisition. It's got almost as much cash on its balance sheet as its market capitalisation and I really like that...."

http://www.moneyweek.com/investment-advice/share-tips-20-stocks-to-put-in-your-christmas-portfolio-51825

buys £15k @ 5.98p

Positively ahead this morning on back of encouraging results.- GLA

Out today - a day earlier than expected - include net operating profits substantially increased for the period ending June 2011

Interim statement/results due on Friday - lets hope they live up to rumoured positive expectations - GLA

....Red Hot Penny Shares. A guy named Tom Bulford is the writer I understand. He has his following(paying subscribers), but has made a few wrong calls recently. I believe he said to buy MFX @ around 11p a few months ago, now he is saying sell @ around 8-9p. Sounds like a real investment guru doesn't he?????.....NOT!!
Picked mine up at the end of the previous week at sub 7p, snippet in the Mail that got me researching.

Best of luck to all holders, as results due in the coming weeks.