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Manx Financial Share Chat (MFX)



Share Price: 13.00Bid: 12.50Ask: 13.50Change: 0.75 (+6.12%)Riser - Manx Financial
Spread: 1.00Spread as %: 8.00%Open: 12.25High: 13.00Low: 12.25Yesterday’s Close: 12.25


Share Discussion for Manx Financial (MFX)


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ElmerFudd
Posts: 16
Off Topic
Opinion:No Opinion
Price:12.25
Don't be
14 Oct '14
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...
 
Laxeytrader
Posts: 547
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:12.38
Very dissapointed
14 Oct '14
Invest local they said,I wish I lived somewhere else, GLA
ElmerFudd
Posts: 16
Off Topic
Opinion:Strong Buy
Price:14.00
Big Buy
30 Sep '14
£50k buy at 12.38pm yesterday.328,000 @ 15p....whats going up (MFX profit/turnover) must go up (MFX share price)....
seagull7
Posts: 111
Off Topic
Opinion:No Opinion
Price:14.00
Business looks good but!
19 Sep '14
IMO you want a board that jealously guards the companies equity for the benefit of shareholders. In the case of Manx you have a board awarding themselves an excessivec number warrants and consequently diluting shareholders for thier own benefit so would not be for me.
elite
Posts: 2,095
Off Topic
Opinion:No Opinion
Price:13.50
Intra-day drop
17 Sep '14
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

El1te
KaChing
Posts: 4,098
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.88
Well it
5 Sep '14
Looks like the Golden Cross has just hit …… will it keep on rising over the coming months?!! take a look at Xmas time for the answer
jollyspeculator
Posts: 14,536
Off Topic
Opinion:No Opinion
Price:14.88
elmer
4 Sep '14
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

...misalignment is a huge red flag imv
ElmerFudd
Posts: 16
Off Topic
Opinion:No Opinion
Price:14.63
Market
3 Sep '14
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.
jollyspeculator
Posts: 14,536
Off Topic
Opinion:No Opinion
Price:14.63
Market
3 Sep '14
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

...after all, you hold all the aces anyway
Libero
Posts: 2,522
Off Topic
Opinion:No Opinion
Price:15.13
Jolly
29 Aug '14
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.



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