Eyes on 26th February 2015 for decent results and the expiry of 2 so called "sweetheart deals" that were done when MFX was losing money. These deals will be off the books and there won't be any more in sight.
the 4th consecutive quarter of decent profits and full year results with profit between £1.6-£2m if second half as good as first half ; roll on year end results in 2 months/ mid Feb 2015 ( Reminder : Market Cap £13m ; Net Asset Value of £9/10m including £5m cash! ; assets £67million 2 years ago - £102m last count June this year ; possibly £110m+ next count - almost doubling the assets in 2 years )
Not disappointed - it's a buying opportunity and I'm topping up when I can - major market correction due soon. MFX are on course to deliver a 4th consecutive interim in profit - if their 2nd half is as good as their first they will report £1.6m-£2m full year profit - could even be more than that if some of their £20m deferred income starts to flow to the results. 2 years ago they had £67m assets - £102m assets last count and rising. £1.6m/£2m projected profit versus £12.6m market cap!!! and £5m of it's own cash up it's sleeve too. Sit tight...
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