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Fund Manager Chris Bailey talks about an opportunist 2017 for investors


Manx Financial Share Chat (MFX)



Share Price: 8.875Bid: 8.50Ask: 9.25Change: 0.00 (0.00%)No Movement on Manx Financial
Spread: 0.75Spread as %: 8.82%Open: 8.875High: 8.875Low: 8.875Yesterday’s Close: 8.875


Share Discussion for Manx Financial


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Korg
Posts: 3,063
Off Topic
Opinion:No Opinion
Price:8.875
TIPPED
Fri 16:07
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
 
Korg
Posts: 3,063
Off Topic
Opinion:No Opinion
Price:8.875
still cheap
Fri 13:38
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.
Korg
Posts: 3,063
Off Topic
Opinion:No Opinion
Price:8.875
2017 good year for banks
3 Jan '17
most tipping banks for a recovery year.
Korg
Posts: 3,063
Off Topic
Opinion:No Opinion
Price:8.875
RATIOS - MFX vs LLOY
16 Dec '16
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 %
Korg
Posts: 3,063
Off Topic
Opinion:No Opinion
Price:9.00
banks on the rise again
13 Dec '16
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.
Korg
Posts: 3,063
Off Topic
Opinion:No Opinion
Price:8.875
BANKS UP
6 Dec '16
All the banks rallying. Compare the price to book and p/e ratios of other banks. This is the BEST value.
Korg
Posts: 3,063
Off Topic
Opinion:No Opinion
Price:8.875
RE: Golden Cross
5 Dec '16
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.
testpack3
Posts: 1,240
Off Topic
Opinion:No Opinion
Price:8.875
Golden Cross
5 Dec '16
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
Korg
Posts: 3,063
Off Topic
Opinion:No Opinion
Price:8.875
Jim Mellon
5 Dec '16
quite a few of his shares starting to move up.

MFX trading well below fundamental value, should be double this price.

starting to form a new uptrend back to 20p
Korg
Posts: 3,063
Off Topic
Opinion:No Opinion
Price:8.25
intensified buying
1 Dec '16
still cheap on any comparrison.




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