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Out far too soon but a profit is a profit.
Those that kept the faith are now seeing a good return. Almost a 3 bagger in three months. I feel we are still on the first stage of a long journey.
My 80 p target described a “daft” by one poster on ADVFN May need revising up when we take full control
Of the business described as “transformational “ by Jim Mellon
The irony - you are a de-ramper putting a post like this..
I have to admit I've sold my holding after seeing lots of posts on ADVFN from the same poster "pumping" MFX up (not you CT). I imagine there is quite a lot of hot money in it now, so it could pull back. I'll buy back in once it's settled for a month or two.
And building a platform to go to the next level...............i do think we might need numbers to push this forward.
Such an exciting future and i love how we bought some time to get a strong management team in place before we take full control of PA as is often the case the vendors may be leaving. That however has not been mentioned yet.
When Conister Bank gets their UK Banking Branch licence this will fly...challenger bank that can fulfill its potential...a full lse listing etc
Just for the record the unknown trade today of 57,000 shares was a BUY from me , onwards and upwards !!
can this go?
I can see EPS of 8p in the full year 23 with PA.
This will probably be a multi bagger,.............. its not even started as its on a p/e of 3
Still buying what i can.
tiger
MFX application for a UK Branch Banking Licence - in the RNS MFX state this gives them the potential to add £0.5 billion of assets - as they already have £0.317 billion of assets and this is growing at a nice rate already - points to MFX having the potential for £1 billion of assets in a few years
Are those massive trades from yesterday buys or sells?
Have to agree, very much under the radar for a long time. At year end I thought we should be closer to 25p. The interims and PA purchase provide more optimism. No negatives from me .one slight irritation is the director loans .
This is so under the radar.
Payment assist will be a game changer.
Even before that comes we have just had a record first half making 2.4m that should grow to around 4 to 4.5 m for the full year.
We have 1/4 of the year ..........of our share of payment assist (PA)
This business could make us millions now we are fully behind it. It has massive potential to grow from its 30m or so size now.
We will fully own this in a couple of years and it could be making 5/10 m a year for the group.
It has a fantastic customer base inc B and Q /Halfords etc........wow it could be massive.
So this year we could see EPS well over 3p and giving a modest rating of 10 thats 30p.
We have NAV worth of 27m still almost double the share price.
This could be a once in a lifetime investment giving 5 to 10 bags of upside possibly even more.
The 8p to 14p has not even scratched the surface.
Please DYOR as i am heavily invested.
If anyone sees negatives please share as i have sent hours on this and can just see huge growth and future potential.
MFX doing well on all fronts - total assets now up to £317.70m, liquid assets of £54.50m, shareholder equity of £27m, an increasing dividend policy
Going long - thank you for that.
An idea the divy date ?
You have the option of scrip divi or cash divi - if you don't opt for scrip you automatically get cash dividend - as per last dividend payments
Chaps, is this still scrip divi or are they now paying out?
Lse.co.uk needs to update this site - the dividend shown here is a year out of date showing dividend of 0.1724 per share here - it has been increased over 40% since the last dividend received - 0.244 per share June 2022 - and this dividend is set to double maybe more with MFX recent results and policy/dividend formula going forward..
Some lovely buys just going through
Top spot taken..should really get motoring
Sea of blue. Truck now is working at what's it worth???
Seems to move even on very low volume.
It's obvious most of this stock is in sticky hands. Limited stock we are seeing the start of 10bags...
13.00 on the ask.
+19%..has even started yet...