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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Manx Financial Group Plc | LSE:MFX | London | Ordinary Share | IM00B28ZPX83 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.00 | 20.00 | 22.00 | 21.00 | 21.00 | 21.00 | 3,975 | 07:30:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Personal Credit Institutions | 36.05M | 4.67M | 0.0405 | 5.19 | 24.25M |
Date | Subject | Author | Discuss |
---|---|---|---|
08/4/2014 20:55 | Mr Banks is a busy lad at the moment. Not only moving his Manx shares around but also investing in IOF: Followers of City bulletin boards were in a quandary recently when a 'Mister Big' proudly proclaimed that he had acquired millions of shares in Iofina. They were desperate to find out the identity of the investor and despite hours of goading on the web, he refused to come clean. Then completely out of the blue and apparently against all bulletin board ethics, he revealed himself as Arron Banks, a 'bored multi-millionaire', who had bought 4million shares or 3.16 per cent. Investment: Out of the blue Arron Banks, a 'bored multi-millionaire', revealed he had bought 4million Iofina shares or 3.16 per cent The iodine specialist has since returned to favour and yesterday closed 3.75p better at 67.25p. Arron Banks' pedigree was running insurance companies for Norwich Union before he decided to set up his own business. He co-founded Brightside in February 2005 and was chief executive of loans company Manx Financial. | dleftpalt4 | |
08/4/2014 08:50 | AGM day. Tiger | castleford tiger | |
27/3/2014 22:52 | Further evidence of the favourable trading conditions for MFX is demonstrated by the recent results from S & U. Highlights set out below: S&U, Britain's foremost niche home credit and motor finance provider, today announces its preliminary results for the year ended 31 January 2014: Key Financials: · Profit before taxation up 21% at £17.3m (2013: £14.2m) · Earnings per share up 22% at 113.2p (2013: 92.6p) · Revenues up 11% at £60.8m (2013: £55.0m) · Proposed final dividend of 24p (2013: 20p); total dividend in respect of the year increased to 54p (2013: 46p) up 17% · Strong balance sheet: o Net assets increased by 14% to £69.4m (2013: £61.1m) o £15.0m additional medium term borrowing facilities arranged during year o Borrowings increased to £32.4m (2013: £20.6m); group gearing still conservative at 46.6% (2013: 33.7%) · Divisional highlights: o Motor Finance profit before taxation up 42% to £11.5m (2013: £8.1m); driven by 26% revenue growth and record collections quality o Home Credit profit before taxation slightly down at £5.8m (2013: £6.1m); improved performance since H1 Operational Highlights: · Group annual collections up over £10.0m on prior year; Home Credit stable and Motor Finance up 26% · Further 47% increase in Motor Finance advances this year with continuing good trends in collection quality · Home Credit; fourth quarter loan advances up 8% on last year and 2 new branches opened in the year · Motor Finance; growth of £20.0m in net receivables and further expansion planned for 2014/15 | dleftpalt4 | |
27/3/2014 22:47 | Hopefully we have hit the bottom & a recovery is underway. see below buy recommendation on BritishBulls website: MANX FINANCIAL GROUP BUY Last Pattern:BULLISH HARAMI Last Close:14.0000 Change:+0.3750 Percent change+2.75% 6 mo.Rating4★£10 | dleftpalt4 | |
18/3/2014 18:59 | I cannot attend the AGM and would appreciate anyone that can bringing up this sub ject however I will also write to the Company. | trav5 | |
17/3/2014 23:00 | Thanks Trav5 I just checked too. Thats a lot of warrants on top of the interest. | gears | |
17/3/2014 19:52 | Maybe the question can be asked at the AGM. There are limits to what % can be held and how many shares can be issued in a financial year. anyone going to the AGM who can sort this out and then we can discuss how cheap the shares are if they make 2 million this year. I have a target of 1 million at half way point giving EPS of 1p after 6 months. Tiger | castleford tiger | |
16/3/2014 19:29 | Tiger, Could you expand there are 36.6 million warrants exercisable at 6p ie it gives the Directors the right to purchase shares at this price at anytime during the course of the loan and the company will have to create these shares hence the dilution. You then have the convertable loans which total approx 3.4 million. 1.7 million convertable at 4p and the remaining 1.71 million at 9p. The company again will have to create these shares. You want a board that jeasoulsy guards the companies equity for the benefit of shareholders. Not a board diluting shareholders for their own benefit! | trav5 | |
14/3/2014 14:08 | This needs sorting & could be holding back buyers? | gears | |
14/3/2014 12:18 | Tiger, If the bank pays back the loans, first one due in 2015 I think, do the conversion rights die at that moment. Is this the same for the warrants or are they given as a gift of the loan in the first place? Cheers Mike | m1keg | |
14/3/2014 12:07 | I have. They cannot be converted as the company can only increase its share capital by 10% a year. . Tiger | castleford tiger | |
12/3/2014 20:49 | I agree that the conversion rights are overly generous and if you look at Plethora he has some there too, probably has in all his outfits. I sold out at the recent high as I was worried about these being converted. Someone needs to ask the question ! | loobrush | |
12/3/2014 20:38 | Trav5 on the website the date of AGM is 08/04/14. Mr Mellon usually takes questions from shareholders. Not sure if Smithie is a holder but you would be eligible. Be aware though that anybody could have bought shares at the conversion price at that time in the open market. | gears | |
12/3/2014 19:47 | Further to my above post I may write to Mr Mellon and ask for a breakdown of what the true cost of these loans will be for shareholders and why the board considered this to be in shareholders interests. IMO they received a fair interest rate for taking little risk bearing in mind their knowledge of company. The added extras appear unnecessarily generous. What is the opinion of other investors? Smithie I am already aware of your opinion although you do not appear to be invested. | trav5 | |
12/3/2014 19:20 | I am investor here and the directors made loans to the company and received in their words the market rates of interest of mainly between 7% & 9%. However, they also attached to them IMO some extremely generous conversion terms and a large number of warrants see page 42 of the annual report. When these are exercised it is going to lead to some significant dilution. I might add I was not aware of these when I invested my own fault for not reading the small print buried on Page 23 of interim report when I invested. You do have to question the boards attitude towards their shareholders and the term "greedy bankers" comes to mind! | trav5 | |
12/3/2014 16:03 | Still would like to see any Director buying. This would build confidence again. | gears | |
12/3/2014 09:54 | SMITHIE. At the time the share price was 4 to 6p. You are also aware that he cannot buy those shares. You should also be aware that if he or any director is selling then they will /must notify the market. I have not seen a RNS have you? Furthermore why sell at 15 when the market was 18.5 to sell a few days ago. There is clearly a seller out there at the moment and I am surprised the share price has broken the support. That said taking a balanced view there will e those looking for a quick profit after a very strong run up. I see the company making close to 2.00 million this year and giving an EPS of 2p so at 14/15p the shares are too cheap. However the price pressure may continue but will no doubt lead to an amazing buying opportunity going forward. If they can add further business to the group I think we can get to between 3 and 5 million profit per annum. I think further rapid expansion cannot be ruled out and as such I remain a holder and a buyer. Tigr | castleford tiger | |
11/3/2014 12:07 | Share price collapsing today... maybe your exec. chairman Jim Mellon selling shares like no tomorrow.... to then convert loan notes to shares at ... 4p !! Wharghhhh !! Sell at 15p and buy at 4p !!! Easy money !! ---- MFX shareholders.... Muppets !!! Keep those trousers around your ankles.....your shafting may last for a number of days or weeks ! Ouch ! | smithie6 | |
11/3/2014 12:05 | Jim Mellon exec. chairman from prelim annual accounts "Our share price opened the 2013 year at 6 pence. This reflected a market capitalisation of approximately GBP6 million, and a discount to our net asset value of 26%. " 'so I filled my boots with the company shares....via conv. loan notes and the shareholders let me !! wharghhhh !! I'm larfing all the way to the bank !! shame for the shareholders, ah well. ' | smithie6 | |
07/3/2014 15:33 | No I disagree. Its on support no less than 16p to sell and them BOOM............. Tiger DYOR | castleford tiger | |
05/3/2014 12:09 | A bit of Director buying should steady the ship. | gears | |
05/3/2014 08:55 | I think it will struggle for a while as had a good run and I expect it to drop back quite a bit from here until next results are forthcoming. I'm out for now. | loobrush | |
05/3/2014 08:50 | A pause before the next leg up? Still looks a great buy to me and I am sitting tight till I see the 20p for starters. tiger | castleford tiger | |
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. | gears |
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