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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Manx Telecom | MANX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 215.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 215.50 |
| Top Posts |
|---|
Posted at 20/1/2019 21:02 by aleman About Vannin VenturesVannin Ventures is a wholly owned subsidiary of Manx Telecom. It was formed as a stand-alone business incubator, to support the development and commercialisation of innovations in IoT and the wider telecommunications ecosystem. Vannin Ventures forms effective relationships with entrepreneurs and growth businesses. As a flexible development partner and operational investor, Vannin Ventures supports early-stage innovation concepts through their initial development, to pilot launch (with the Isle of Man as an excellent test bed) and full launch, in the UK and international markets. For more information, see www.vanninventures.c |
Posted at 24/9/2018 09:21 by turbomouth In the week that mobile phone giants hit the headlines for making customers pay for their phones twice over, a new product from a small company in the Isle of Man went largely unheeded. Yet MT Clearsound, a medical device from Manx Telecom, could end up transforming the quality of the calls we make and receive.The innovation, which is due to be launched with the phone company EE in the UK next year, is designed to fine-tune incoming phone calls so that people can hear them better and has been hailed as the “hearing aid in the sky”. We put our ear to the ground to test its parent company’s prospects. The history Manx Telecom is listed on the Alternative Investment Market (Aim) of the London Stock Exchange and provides fixed-line, broadband and data services to 4,000 businesses and almost all the 85,000 residents on the Isle of Man. It was set up in January 1987 as a spin-off from British Telecom after the UK giant won a government tender to operate telephone services on the island. BT owned the company until November 2001, when it was bought by the Spanish company Telefonica. In June 2010 it was sold to HG Capital, a UK private equity investor and floated on the Aim in 2014. The Isle of Man may be remote — nestling in the Irish Sea between the northwest English coast and Northern Ireland, it measures only 33 miles by 13 miles — but its telecommunications are advanced. The island’s telephone exchange began in 1889 (albeit with only four subscribers) and a direct telephone link with the UK was established in 1929. In 2001 Manx Telecom was one of the first operators in the world to launch fast broadband services and the first in Europe to create a live 3G network. The Isle of Man government is encouraging technology investment in an attempt to move the island away from a reliance on the financial services sector, which has given it a reputation as a haven for tax avoidance and evasion. Gaming and other high-tech industries now make up almost one third of the economy. Manx Telecom has a spin-off, Vannin Ventures, which invests in technology start-ups and products. Vannin has a large shareholding in Goshawk Communications, a Cambridge-based company that develops hearing products, and their partnership produced MT Clearsound. It works by creating a hearing profile on a user’s mobile so that every call they receive is pitched for their level of hearing. The company says the technology has a “huge potential addressable market”, working well for those with good and poor hearing. It says that during clinical trials it worked for 90 per cent of participants. Analysts say MT Clearsound’s potential for growth is good, but just how good is uncertain. According to Ofcom, the communications regulator, the number of mobile phone calls made last year in the UK fell 1.7 per cent, the first drop since mobiles were invented, and the trend is expected to continue because of the growing popularity of messaging apps. The performance Manx Telecom’s first-half results put revenue at £38.1 million (down 0.9 per cent compared with revenue of £38.5 million for the first half of 2017) and profits 1.4 per cent down at £6.6 million. The company said it had suffered a reduction in roaming revenue after EU rules made it cheaper. Manx Telecom’s dividend was raised from 3 .9p to 4.1p, and shares have risen more than 2 per cent to 173.5p since the launch of the Goshawk hearing device. Graham Spooner, an investment research analyst at the Share Centre, a stockbroker that has placed a “buy” rating on the shares, says they are attractive for those prepared to invest in a company with an unusual niche and a promising technological product. Gary Lamb, Manx Telecom’s chief executive, said the company had completed a “solid six months” and that its long-term prospects were good. The verdict Manx Telecom is at the forefront of the Isle of Man’s fast-growing high-tech sector with its new hearing product, which has strong potential for growth. The company’s shares are near four-year lows, but those willing to take a risk should consider pouncing while the price is cheap. BUY. |
Posted at 12/9/2017 09:26 by speedsgh Half-year Report - Interim dividend dates not showing in above report but MANX website indicates: 12th September 2017 - announcement date 12th October 2017 - ex-dividend date 13th October 2017 - record date 6th November 2017 - payment date |
Posted at 14/8/2017 18:38 by strange1 Given some of the investor related criminal actions that directors of Aim co's seem to be responsible for but not held accountable for........getting suspended for possession of a bit of weed feels like getting suspended for getting a parking ticket. |
Posted at 05/8/2017 10:22 by trekker60 I bought a small holding in these three years ago (shortly after the float) at £1.63 to put in my ISA, purely for the annual income of around 6% at that price. Still holding despite recent share price fall as my original thinking for buying still holds. Cannot see any reason for selling on fundamentals, particularly after Friday's little uptick in price - but then as a private investor it tends to be the 'unknown unknowns' which catch me out! |
Posted at 03/8/2017 08:21 by jonwig The latest broker update was from Liberum (12 July) - target price 236p. Suggests new investments will improve free cashflow (I'm not sure just what these will involve) giving opportunity to further increase dividend at above 5% pa or pay down debt.Recent option grants are based on some pretty stringent TSR and FCF targets, but generous if they are beaten ... would be good for shareholders, too. They've just cut their data and roaming charges. I don't know anything about the background to this, or investor implications.: My buying price just now was 173p, even though quoted offer was 177p. EDIT: buyers are paying 174 now. These are shown wrongly as 'sells' so it looks as though a lot more buying will be needed to shift the stated offer price? Maybe. |
Posted at 29/3/2017 20:40 by serratia EI,The simple answer is not enough. FCRM would have made investors money but I didn't like they way they rewarded themselves. There's another I'm watching as they have good tech but are milking it, will they grow sales to cover their excess ? I'll just watch for now. I have no problem with options as long as they're a stretch not free money. |
Posted at 28/3/2017 19:02 by fenners66 Jonwig - thanks for the link I will take a look. The other PDF's on the company investors section were the cut down notes as supplied for the RNS |
Posted at 28/3/2017 14:29 by jonwig fenners - you'll find the full reports and accounts here:You'll also find that the balance sheet impact of the swaps is negligible. In fact, if a swap agreement runs to maturity, there is no loss or gain at that point. The notional loss or gain at any point is a necessary part of derivatives accounting, and is only crystallised if the agreement is terminated early. I don't know if you read the Telegraph article from December? I don't hold this, mainly because I haven't got arount to doing any work on it. Maybe the Telegraph is right, but also if you feel uncomfortable investing, I'd leave it alone! |
Posted at 30/10/2015 12:04 by speedsgh Mentioned in latest issue of Citywire Income Investor.High Yield or Dividend Growth - Scott also owns Manx Telecom (MANX), which only listed in February last year. ‘You want three things from an investment in telecommunications: a strong position, a sensible regulator, and a robust macro background. Manx ticks all three boxes. The Isle of Man has seen 31 years of consecutive gross domestic product growth and it operates under a zero-corporate-tax regime. Manx has roughly a 75% market share in its core telecoms markets, but works with a regulator that understands the benefits of a company investing for their customers.’ |
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