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Manx Financial Share Chat (MFX)



Share Price: 14.00Bid: 13.50Ask: 14.50Change: 0.00 (0.00%)No Movement on Manx Financial
Spread: 1.00Spread as %: 7.41%Open: 14.00High: 14.00Low: 14.00Yesterday’s Close: 14.00


Share Discussion for Manx Financial (MFX)


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elite
Posts: 2,081
Off Topic
Opinion:No Opinion
Price:13.50
Intra-day drop
Wed 15:20
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: 4,025
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: 13,955
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: 14
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: 13,955
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: 2,375
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.
jollyspeculator
Posts: 13,955
Off Topic
Opinion:No Opinion
Price:15.75
tks Elmerfund
27 Aug '14
still don't understand why directors would want to underplay profitability lol
ElmerFudd
Posts: 14
Off Topic
Opinion:Strong Buy
Price:15.75
Deferred income / El1te research
27 Aug '14
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: 13,955
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: 13,955
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



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