Register
Login:
Share:
Email Facebook Twitter

MFX Share Chat - RSS Feed

Manx Financial Share Chat (MFX)



Share Price: 13.50Bid: 13.00Ask: 14.00Change: 0.00 (0.00%)No Movement on Manx Financial
Spread: 1.00Spread as %: 7.69%Open: 13.75High: 13.75Low: 13.50Yesterday’s Close: 13.50



Share Discussion for Manx Financial (MFX)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


ElmerFudd
Posts: 7
Off Topic
Opinion:Strong Buy
Price:14.00
Market re-rating uplift in 4 wks !?
Mon 20:07
Interim results due in 4/5 weeks. Market re-rating uplift to follow these results? to mirror the recent trading update from Manx predicting " a marked uplift in profit" - Manx will soon have nearly half it's market capitalisation as cash up it's sleeve and possibly making £2million a year as well - barely 6 times earnings at current market capitalisation of Manx - market rivals like 1PM are valued at 27 times earnings and they're not as cash rich or growing as fast as Manx!?!
 
Laxeytrader
Posts: 314
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.00
RE: Next significant announcement
Mon 17:42
Thank you for taking the time to answer my query,It doe's look promising indeed, once again thank you.
Laxeytrader
Posts: 314
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.00
When
12 Jul '14
is our next significant announcement folks,this is the quietest BB on Lse, Do we have something brewing to give us a positive uplift, Thanks
Laxeytrader
Posts: 314
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:13.63
Happy
7 Jul '14
Tynwald day Isle of Man investors
ElmerFudd
Posts: 7
Off Topic
Opinion:Strong Buy
Price:13.38
Trading Update
3 Jul '14
Re last weeks trading update and Manxs statement " we expect to report a marked uplift in profit " how marked an uplift is the question? I'm thinking in 6 weeks time they'll report a 6 month month profit margin of circa £1m - what they made in the whole of 2013!

Can only see positives ;
1. ) Manx has £4.1 million of it's own cash in the bank end of 2013 - market cap £13.5m
2.) Increasing rates of asset growth. Assets grew 20% last year to £93.4million - an average of £1.3million a month. Assets reported at the end of Apr 2014 now in excess of £100 million - an average increase of £1.5million a month ; a nice upward curve.
3.) Manx reported " all remaining liabilities in connection with the Litigation Funding debtor have been fully collected....we have been able to reduce the provisions against these loans" The Litigation Funding debtor figure was £1.5m - now that they have closed this position a big chunk of this £1.5m ( the provisions that can now be released ) will become profit.
4.) Great new partnerships / wholesale funding agreements keep being agreed.
5.) Manx business model very similar to Aldermore Bank - a bank that has no branches (is online / works through intermediaries like Manx ) but one that has grown assets to £2billion within 10 years....

MFX is seriously undervalued but won't be for long!
Laxeytrader
Posts: 314
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:13.38
View Thread (2)
RE: A few questions I have
3 Jul '14
I can only comment on number 3, if they continue on this trajectory,keep making shrewd decisions this could become a major player, as a " Challenger Bank " they are highly regarded,I know it's a vague response but look at the RNS'S to date,all positive GLA
AlanMckenzie1
Posts: 6
Off Topic
Opinion:No Opinion
Price:13.50
View Thread (2)
A few questions I have
28 Jun '14
Hello all, I have a few questions in regards to the future of the company.

1- Do we see the company paying a dividend in the future? Perhaps in the next 3-5 years they will be in a position to start them? All thoughts welcome!
2 - Do we think the company will set up an Investment Trust in order to increase growth?
3- Where do we see this share price being in 5 years?
WALDNER
Posts: 37
Off Topic
Opinion:No Opinion
Price:13.50
Dividend
26 Jun '14
Any views on the chances of a dividend here to keep the holders happy? 13.5p to buy looks oversold.
WALDNER
Posts: 37
Off Topic
Opinion:No Opinion
Price:13.50
View Thread (2)
RE: Re Price
25 Jun '14
With the loan book growing the EPS should go up with it. I think if we gat a dividend soon the price will move up.
ElmerFudd
Posts: 7
Off Topic
Opinion:No Opinion
Price:13.63
View Thread (2)
Re Price
24 Jun '14
Re last post meant to say the option price was 14p per share.



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.