Manx Financial Share Discussion Threads

[gears] 27/2/2014 08:28

The outlooks positive so lets wait for more news. 2p would be about right but who knows we may beat it.

[castleford tiger] 27/2/2014 07:16

Yesterday was dragged down by a few sellers on the back of a strong run.
I agree the price should now move on.
Looking at profit in 2nd half x 2 gets us well on the way to 2 million.
Growth in other divisions should also help.

It also looks as if we will try and bolt on good fitting companies now we have a more realistic share price.

this certainly has turned round very well and tax losses again to come this year mean that EPS may well be 2p.

I agree it remains very good value but that said we are not going to have the % growth 4 to 18p but 30p by the end of the year looks possible.
Those in early looking to exit now may hold us back until new investors see the growth potential here.

Tiger

[wiseacre] 26/2/2014 11:47

Hot to trot. See no reason why profits shouldn't top £2million this year which should see the shares over 30p

[gears] 26/2/2014 07:54

Very strong turn around & growth.

[dleftpalt4] 26/2/2014 07:41

Good set of results announced this morning. £0.86m profit in the last 6 months. £2m profit for 2014 therefore looks achievable.

[boldtrader] 25/2/2014 12:46

Could be any day this week,they intimated month end

[zed2002] 25/2/2014 10:40

not long to go now for finals. Could be Friday or Monday

[gears] 24/2/2014 22:22

Maybe 125k was a buy instruction to mop up the sellers during the day.

[dleftpalt4] 24/2/2014 20:34

125K sale just before the close at 18.5p bodes well for a further tick up in the morning since IMHO MMs are looking to get shares prior to Friday's expected announcement.

[castleford tiger] 18/2/2014 18:24

So we are at 19p................20p to 22p by results.

Then we either push on to 40p or hang around the 20`s until the next leg up

tiger

[dleftpalt4] 05/2/2014 21:26

Latest recommendation on British Bulls website is below:

MANX FINANCIAL GROUP
STAY LONG
Last Pattern:NO PATTERN
Last Close:17.3750 Change:+0.3750 Percent change+2.21% 6 mo.Rating4★£100⇨201.9912 mo.Rating3★£100⇨201.9924 mo.Rating2★£100⇨277.20Signal Update Our system's recommendation today is to STAY LONG. The previous BUY recommendation was issued on 2/4/2014, 1 day ago, when the stock price was 16.8950. Since then MFX.L has risen by +2.84%.Market Outlook You may relax since our STAY LONG position is secure. The market action does not cast a serious doubt on the wisdom of going long.

[gears] 05/2/2014 18:01

I agree 20p is the next target to go through.It may bring a few sellers but more positive news will in my view take us even higher. Too early to sell.

[dleftpalt4] 05/2/2014 16:46

Another positive day. Looking for this to have consolidated at 20p plus prior to the announcement of the year end results.

[dleftpalt4] 04/2/2014 21:00

I agree Gears. This share is due for a major re rating once the results are announced at the end of the month. 25p minimum as far as I am concerned.

[gears] 04/2/2014 09:02

Profit takers appear to have gone & any buying pushes the price back to the Highs.I hold & will not be selling whilst we grow the loan book.

[gears] 28/1/2014 23:23

No point selling for others to sweep up pre results.

[dleftpalt4] 28/1/2014 20:22

Late trade of 123K shares looks to be a buy. This share price will surely rise sharply once the results are announced at the end of Feb. Market conditions continue to be very favourable for the likes of MFX.

[wiseacre] 20/1/2014 14:28

Worth pointing out to Smithie that both Mellon and Banks bought the majority of their holdings at a higher price than this. Am confident that the share price will exceed 20p by the year end

[castleford tiger] 20/1/2014 10:21

All good news today. worth at least 20p then review the figures.

pleased i bought the dip last week.

tiger

[gears] 20/1/2014 07:51

Looking good with low cost base cheap funding & more expansion in UK.

[gears] 10/1/2014 18:31

Britannia offshore to close on the IOM (part of co-op bank). So one less competitor for deposits.

[castleford tiger] 10/1/2014 18:06

Smithie.

Its becoming boring now.


I do like this line however

Jim Mellon has 1.7M pounds debt, convertible at 4p....with warrants at 6p
(written so that no one understands it !)

CLEARLY YOU THINK YOU DO !

We have been warned several times now. Thank you.

Tiger

[smithie6] 09/1/2014 19:17

How far will the price fall when they exercise them and produce large dilution ?

Will it happen this month ?

How much dilution will there be ?

How far will the share price fall ?

(shareholders wont be applauding so much on the day that happens and the share price tumbles......maybe they should read the accounts)
----

"Shares do not tend to drop in value when directors take options."

Jim Mellon has 1.7M pounds debt, convertible at 4p....with warrants at 6p
(written so that no one understands it !)

42.5 million shares at 4p
and 28M at 6p

say 70M shares.

Mr A Banks
12M at 4p
8.3M at 6p

= 20M

= 90M in total imo

(and you lot are all imo too dum to see it)

Start loosening those trouser belts.....they might be along to reem shareholders at any moment !

----
90M news shares.
"Shares do not tend to drop in value when directors take options."
You sure ?!...wharghhhhhhh
----

ADVFN says that around 100M shares.
If issue 90M new ones then current shares will be approx. 50% of the new total.

So, if you own 1% of MFX now..1% of its assets, 1% of its annual profit..after the dilution you will own around 1/2% of those things. HALF.

If you think that is good news for you, you must be nuts.
----

At current share price the cap. value would suddenly double if the share price stayed the same. Without any change to earnings or business.
If cap. value and business and profits stay the same then the share price will approx. HALF.
Enjoy.
(the dirs. are not stupid so one assumes they will drip feed the conversion......but the end result is the same)
---

imo one could argue that the ord. shareholders have been robbed by the issue of those large convertibles loans.

[supertag] 06/1/2014 21:44

Smithie,
Shares do not tend to drop in value when directors take options. It merely shows confidence in the share.
Try buying some yourself!