Delighted with this second opportunity at 13.5p as, with added benefit of seeing the interims, the PER even at the diluted level is not unreasonable and if they kick ahead with growth (recent loan book opened), then the future will be bright in my reckoning.
Balance sheet also good and interims slightly impacted by provision and Edgewater breakeven results
yep...indifferent...I see these CULS all over the place...at least with DDD, the company got a good deal
...SPE is the most egregiously awful LT example I have found of insiders having their cake and eat it...managers on large salaries not prepared to take straight equity risk when they are in control...whereas us poor s*ds have no control (except selling/liquidity) and are right at the bottom of the capital structure
seems indifferent to me - but it might wake up once MFX gets proper broker coverage/analysis like its peers such as 1PM get - take El1tes recently published analysis of MFX for example - even taking into account diluted PE/dilution Elites analysis shows Manx is undervalued. Seems to me that MFX are going in the right direction growth/profit wise. If it keeps going at this rate there'll be a market correction soon.
seems worried...which makes sense imv...perhaps they agree with me that this goes wider than the dilution issue
...Jim...this aint cricket...pls convert soon, and undertake to vote against any more non standard equity (no more quasi equity or anything like that)...
....a simple capital structure is the only reasonable approach to quoted/listed equity (yes yes just my experienced opinion)....and certainly no significant dilution to related parties (beyond the odd out of the money option or two million to encourage the team)... otherwise insiders are favoured way too much
...you have done well (yet again)...congrats...but dumb money should be aligned with you, not eating what is left from the dust
Re deferred income and Manx being more profitable than its letting on. Look at the figures in the Interim accounts and the foreword by Jim Mellon "Deferred iincome increased by 65% to £20.3million. This is the equivalent of 3.2 times the periods interest income and will provide a counter to any rise in interest rates" - in other words it's income they're keeping up their sleeve. Not only has Manx got a £5m cashpile but a serious amount of deferred income too.
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