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Pin to quick picksManx Financial Share News (MFX)

Share Price Information for Manx Financial (MFX)

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Share Price: 19.50
Bid: 19.00
Ask: 20.00
Change: 0.00 (0.00%)
Spread: 1.00 (5.263%)
Open: 19.50
High: 19.50
Low: 19.50
Prev. Close: 19.50
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Manx Financial turns corner into the black

Tue, 20th Aug 2013 14:23

Investors piled into small cap bank Manx Financial as it bounced back into the black in the first half of the year. Executive Chairman Jim Mellon, a well-known entrepreneur and fund manager, said the company had turned a corner and confirmed the bottom line total comprehensive income was lifted from a £0.57m loss to £0.26m for six months to end June, with a pre-tax profit of £0.31m from a previous £0.72m loss. Mellon said the improvement was not solely driven by the cost reduction exercise undertaken last year but by a significant growth in sustainable income. The group, which operates through Conister Bank and financial advisers Edgewater Associates, increased net interest income 44% to £3.68m.Loans were increased 23% to £64.9m and customer deposits 18% to £67.9m, with the deposit-to-loan ratio improved from 92% at the end of 2012 to 96%.Conister Bank increased earnings on a like-for-like basis by 6.3 times to £1.01m, mostly from lending. Mellon stressed that this was not bolstered by one-off adjustments and will, he believed, "be sustainable in this economic environment".He bemoaned that the company's market capitalisation was less than shareholder equity, when the results were published, which was £7.97m.After shares in Manx rose 46% to 9.5p at 14:39 on Tuesday, having topped 12p in earlier trading, the market cap stood at £10.7m.OH
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20 Jun 2014 08:13

Manx Financial assets exceed £100m for first time

Financial services group Manx Financial said that the total value of its assets surpassed £100m for the first time ever in the second quarter and it expects this level to be maintained and exceeded for the remainder of the year. "This is the highest figure in the history of the group and marks a si

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7 Apr 2014 14:15

DIRECTOR DEALINGS: Manx Financial Non-Executive Buys Shares

LONDON (Alliance News) - Manx Financial Group PLC said Monday that non-executive independent Director David Gibson bought 100,000 shares at 13.75 pence each. Following this transaction Gibson holds a 1.37% interest in the company. Shares in Manx were trading down 2.7% at 13.50 pence M

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26 Feb 2014 13:38

Manx Financial Swings To Full-Year Profitability

LONDON (Alliance News) - Manx Financial Group PLC Wednesday said it swung to an annual pretax profit after a 49% rise in its net interest income and an increase in the number of its customers. Pretax profit was GBP1.1 million for 2013, versus a GBP700,000 pretax loss in 2012, with net inter

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20 Jan 2014 09:48

UPDATE: Manx Financial's Conister Bank Revs Up Challenge To High Street

LONDON (Alliance News) - Manx Financial Group PLC Monday said it expects its results for 2013 to show a "significant uplift" on the previous year. In a separate statement said its Conister Bank unit has stepped up its challenge to the UK's high street banks, after signing an agreement that

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20 Jan 2014 09:03

Manx Financial's Conister Bank Revs Up Challenge To High Street Banks

LONDON (Alliance News) - Manx Financial Group PLC Monday said its Conister Bank unit has stepped up its challenge to the UK's high street banks, after signing an agreement that will allow it to provide loans in the range of GBP10,000 to GBP50,000 to small and medium-sized enterprises. Ise o

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30 Sep 2013 16:34

PZ Cussons Chairman raises stake above 54,000

The Chairman of consumer products company PZ Cussons has acquired just over 3,000 shares, increasing his stake above 54,000. Richard Harvey purchased the shares at 411p a piece for a total spend of £12,371, just a few days after the company said its results for the last quarter were in line with ex

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30 Sep 2013 12:31

DIRECTOR DEALINGS: Manx Financial Non-Exec Independent Director Buys 550K Shares

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