Manx Telecom Share Discussion Threads

[wirralowl] 28/10/2014 11:52

Not so sure about that, as they've already gone ex-div; see below from results:

the board has declared an interim dividend of 3.3p per share payable on 10 November 2014 to shareholders on the register on 17 October 2014.

Guess the most recent rise is down to the news of their new superfast broadband service?

[mikemichael2] 28/10/2014 10:37

Think these will pull back a bit now results are out, when do they go x-div ? And what is the story with that large gaming user ?

[trekker60] 26/10/2014 12:27

The Mail on Sunday Midas column has today basically reiterated its previous (earlier this year) share tip for Manx, referring to it as "a solid stock". Can't do any harm in terms of raising the profile a bit more.

[leeson31] 29/9/2014 10:11

"Manx Telecom not fazed by competition
Mon, 29 Sep 2014

Manx Telecom says it isn't fazed by more competition in the telecoms market.

That's despite admitting that on Island business had fallen somewhat 'flat' over the six months to June.

The company says its results are in line with board expectations - fixed line broadband and data revenues grow by just 1.9 per cent.

Last week it was announced that Wi-Manx is bidding for a full telecoms licence.

MT chief executive Mike Dee says it isn't really anything new"

[trekker60] 26/9/2014 08:25

Aleman: Thanks for the info.

[aleman] 25/9/2014 19:39

Gearing fell from 2961% to 91% thanks to the floatation proceeds. 91% may still sound highish but is not so bad for a steady growing utility. Debt is about £90m while underlying operating cashflow is nearly £30m so interest cover might be around 5? Seems comfortable enough, hence the start of dividends.

[trekker60] 25/9/2014 17:35

Appears to have been a bit of buying post-results - apparently 128,000 bought v 7,000 sold if LSE figures are what they seem - which is encouraging.
Also, maybe the Mail on Sunday will revisit its tip earlier this year (at around 1.61 if I remember correctly)to give itself a pat on the back - and maybe give the share price another little nudge.
But before the spectacles get too rose-tinted, a couple of posters earlier this year did express some concerns about the company's gearing and debt levels. Anyone got any thoughts on whether that is still a potential issue - or any other concerns/notes of caution, other than the already documented Pokerstars situation?

[proactivest] 25/9/2014 14:08

Mike Dee, CEO at Manx Telecom (LON:MANX) tells Proactiveinvestors he is 'very pleased' with the company's progress and highlights its 'good growth prospects'.
Mike Dee also talks about the many benefits of operating in the 'very diverse' economy of the Isle of Man.
Watch the interview:

[trekker60] 25/9/2014 10:44

I'm not an expert at reading financial statements but from what I can glean from today's statement, so far, so good. Bought this earlier this year at 1.64 as a potential core ISA account holding on hopes of a regular good dividend plus a little capital growth. If the proposed final dividend materialises, that would give me around a 6% yield for the first year. Add to that a 5% increase in share price (as of today, anyway) since I bought and that would be around 11% annual return.
If the share achieved that every year, it would definitely being doing its job for me.
Nothing is guaranteed of course. There's the known 'unknown' regarding whether major data centre customer Pokerstars will leave or, as Manx indicates/hopes in its latest results statement, even expands its presence. Then there's all the unknown 'unknowns'. But in the current market climate, this seems as reasonable bet for steady performance as anything else.

[leeson31] 25/9/2014 10:18

1m shs being put into staff scheme in 2014, and, >>


Profit before tax, on an underlying basis, was GBP7.0m (2013: GBP3.6m). As an Isle of Man company no tax is payable on these profits and the underlying diluted earnings per share was 7.07p. The reported result was a loss before tax of GBP5.1m (2013: GBP0.3m profit) after charging IPO costs of GBP7.6m (2013: GBPnil) and writing off loan costs of GBP4.5m (2013: GBP3.3m), incurred during the ownership by private equity, which had previously been capitalised.

at least these are one-off's post IPO...

divi in NOV, and ~10p total FY..

[aleman] 25/9/2014 10:10

Operating cashflow before working capital changes shows a modest increase so it looks like a steady as she goes result on an underlying basis. The modest mark-up seems about right.

[leeson31] 20/9/2014 11:01

Great, look fwd to it QP. The data centre should bear good fruit...

[quepassa] 20/9/2014 10:28

Interesting bulletin board.
Will start researching.

ALL IMO> DYOR.
QP

[leeson31] 17/9/2014 14:55

Thx Hannah, I'll probably see Mike down Bar George on Friday after he finishes work. :-)

[hannahh] 17/9/2014 14:50

If you're interested in meeting the management of Manx Telecom, you can do so on the 25th September. Full details here:



Thanks, Hannah

[leeson31] 01/9/2014 07:55

chart is in breakout



imo this has legs for ~200p

[leeson31] 01/9/2014 07:55

The Isle of Man's data centres have formed a new partnership in a bid to win lucrative business from the expanding bio-med sector.

They collaboration could see a Manx solution for bio med firms seeking to store highly sensitive data, securely, privately and in a regulated environment.

The group will advise government on how the Island can create a world class, business-friendly location for the industry.

Later this year, research companies from around the world will gather here for the second annual ManxBioMed conference.

The government's bio med inward investment chief Courtenay Heading says there's real scope to grab a new 'niche' sector:

------------------


im not aware of any other data centres, other than MT's one that they recently built. the above news sounds very encouraging, given that pokerstars' has new foreign ownership.

[trekker60] 28/8/2014 11:25

I see from another BB that house broker Liberum Capital have again
reiterated their 'buy' recommendation for Manx with a continuing
target price of 180p (i.e. pretty much the current actual price).
Anyone seen/have access to their note and be willing to share info
on what grounds they are continuing to recommend a 'buy'? Is it
just the prospective dividend?

[woolybanana] 21/8/2014 16:10

Could such a nice little company as this be subject to a takeover by one of the big boys? Would it be worth their while?

[trekker60] 21/8/2014 14:01

Lesson31:
Thanks for the extra info. Not a chartist myself but each to their own.
At least on this BB people are(so far at least) exchanging ideas/views/information without resorting to the inane obscenities and name-calling which pepper so many other boards.

[leeson31] 21/8/2014 13:21

maybe trekker, but chartwise, i think this will breakout



cheers

[trekker60] 21/8/2014 13:18

Ref Leeson31's "we may see 200p in not so long..":

Would be nice but maybe not until there is clarification of the future of their largest data centre client (as discussed in ChrisG's Aug 4 post) and publication of results/first dividend in late September?

For what it's worth, I think until then it may hang around the current 180p mark (the target price suggested by Liberum Capital in Feb and again in July this year). But I would be happy to be proved wrong on the upside!

[leeson31] 21/8/2014 12:59

i think we may see 200p in not so long..

[lizafl] 17/8/2014 14:02

Tipped in today's Sunday Times in an article about dividend paying shares. Alongside such worthies as Shell and National Grid.

[mikemichael2] 15/8/2014 16:03

Thank you.