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Manx Financial Share Chat (MFX)



Share Price: 14.875Bid: 14.50Ask: 15.25Change: 0.00 (0.00%)No Movement on Manx Financial
Spread: 0.75Spread as %: 5.17%Open: 14.875High: 14.875Low: 14.875Yesterday’s Close: 14.875


Share Discussion for Manx Financial (MFX)


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Libero
Posts: 2,281
Off Topic
Opinion:No Opinion
Price:15.13
Jolly
Fri 23:31
Hope all is well :)

Sorry for not posting the link to el1te's research / replying to you til now. It's been a busy week!

You make a v good point in your last post. It does make me wonder...

PS - left you a message on REDT.
 
jollyspeculator
Posts: 13,496
Off Topic
Opinion:No Opinion
Price:15.75
tks Elmerfund
Wed 13:49
still don't understand why directors would want to underplay profitability lol
ElmerFudd
Posts: 13
Off Topic
Opinion:Strong Buy
Price:15.75
Deferred income / El1te research
Wed 12:51
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.

El1tes article / research ;
http://www.theel1tetrader.com/2014/07/manx-financial-group-exploiting-change.html
jollyspeculator
Posts: 13,496
Off Topic
Opinion:No Opinion
Price:15.75
Deferred income
26 Aug '14
where is this noted in the interims?...don't readily see interest of management in downplaying income
jollyspeculator
Posts: 13,496
Off Topic
Opinion:No Opinion
Price:15.75
Dan
26 Aug '14
can you paste link to elite's research? I doubt he referenced SPE...and I am likely to be an outlier in my concern about insiders

,,,I will be interested to see what UK's answer to Warren Buffett does early 2015 with his £1.25m convertible

...if this isn't rolled over or equivalent, I will be a little less skeptical
Libero
Posts: 2,281
Off Topic
Opinion:No Opinion
Price:15.75
View Thread (2)
RE: Guys
26 Aug '14
Jolly,

You sound like el1te a few months ago. He said the same as you then but, when he looked deeper and weighed up the positives and negatives, he concluded that anything below 20p was a buy.

Check out his analysis of MFX and let me know what you think because he has looked into this issue himself.

Best regards,

Dan
jollyspeculator
Posts: 13,496
Off Topic
Opinion:No Opinion
Price:15.75
View Thread (2)
Guys
26 Aug '14
look at SPE...making money ...and convertible rolled over and re-priced...with f&r advice

....we all need to take our own view of this...but one thing is sure, the undiluted MCAP and pe are useless metrics
KaChing
Posts: 3,952
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:15.75
jolly
26 Aug '14
to much thinking, I'm just leaving it alone as there seems plenty of room for growth ........
ElmerFudd
Posts: 13
Off Topic
Opinion:Strong Buy
Price:15.75
Deferred income, cash pile etc
26 Aug '14
The convertible loan notes were made when the company was losing money - now they've been in the black for three interims on the trot, are making decent profits and have a healthy cash pile there's no need for any more. I would say the key is that Manx is underplaying its profitability by overdoing the deferred income - it's now £20million! three times more than it was this time last year. Manx is way more profitable than its letting on.......
jollyspeculator
Posts: 13,496
Off Topic
Opinion:No Opinion
Price:15.75
diluted pe
26 Aug '14
is the key here...and the convertibles are better than equity

...any sign of strong independent NEDs?



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