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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Manx Financial Group Plc | MFX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 15.50 | 07:32:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 15.50 | 15.50 | 15.50 | 15.50 | 15.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 17/1/2025 15:16 by stewy_18 It is just laziness and a complete lack of respect to all investors. If management don't invest their time in investor relations and have taken their eye off the ball regarding PAL, just what exactly is it they are doing?? |
Posted at 25/12/2024 10:09 by stewy_18 It is an interesting POV kaos3. I think most people are here because of the growth potential for PAL. Well I am in any case. I don't see the market as overcrowded and PAL's business model sets it apart from its competitors IMO. I don't see a problem with financing if it is not the consumer who is paying. It is a very sensible way to break up unexpected costs, like car repairs.As an investor, I am not inspired by the banking part of MFX, other than as a liquidity supplier for PAL. Over the last 10-15 years, it hasn't gone anywhere, and while the loan book has grown significantly, the return on the loan book is around 1-1.5%. PAL returns between 15-20%. Therefor IF PAL is growing, it return will soon outstrip the returns that Conister makes. The questions always remain:- - Management's ambition - PAL's growth strategy No clue on either of these points. I hope you are right about the banking part of this business. Merry Christmas all. Let's hope for a better and more informed 2025. |
Posted at 17/11/2024 16:09 by davidosh Smithie6....You not going to Derby? Not sure why I arrange these big events to help investors meet management |
Posted at 14/11/2024 08:41 by castleford tiger ust to let shareholders and prospective investors know that Manx Financial Group will be exhibiting at Mello's 10-year anniversary show on Tuesday 19th November 2024 9am - 7pm. The Budget is out, Mello is in! To celebrate our 10 Year Anniversary, we have created a two-day investor conference that will include top quality keynote speakers including but not limited to Peter Pereira Gray, Paul Hill, Ben Rogoff, Rosemary Banyard and Gervais Williams. Also featuring panel sessions such as our popular Mello BASH (Buy, Avoid, Sell, Hold) with professional investors and analysts such as Leon Boros, Mark Simpson and Paul Scott. There will be over 40 exhibiting companies and over 60 presentations from companies such as The Property Franchise Group, Time Finance, Brave Bison, Mortgage Advice Bureau, Aeorema and many more! Get 50% off your ticket with code MMTADVFN50. Tickets are still available: |
Posted at 12/11/2024 21:20 by mello2024 Just to let shareholders and prospective investors know that Manx Financial Group will be exhibiting at Mello's 10-year anniversary show on Tuesday 19th November 2024 9am - 7pm. The Budget is out, Mello is in! To celebrate our 10 Year Anniversary, we have created a two-day investor conference that will include top quality keynote speakers including but not limited to Peter Pereira Gray, Paul Hill, Ben Rogoff, Rosemary Banyard and Gervais Williams. Also featuring panel sessions such as our popular Mello BASH (Buy, Avoid, Sell, Hold) with professional investors and analysts such as Leon Boros, Mark Simpson and Paul Scott. There will be over 40 exhibiting companies and over 60 presentations from companies such as The Property Franchise Group, Time Finance, Brave Bison, Mortgage Advice Bureau, Aeorema and many more! Get 50% off your ticket with code MMTADVFN50. Tickets are still available: |
Posted at 30/9/2024 14:47 by lennonsalive Presentation and webcast for analysts and investorsA conference call with management, including an opportunity to ask questions, will commence at 2:00 pm (BST) on 1 October 2024. A copy of the presentation will be available in the Investor Relations section of www.mfg.im from 4:00 pm (BST) that day. To access the webcast, please register your interest by writing to investor@mfg.im, together with any advanced questions you may have by 5:00 pm (BST) on 27 September 2024. |
Posted at 27/9/2024 19:57 by smithie6 apologies for another post from mebut Just to make one point. That it appears proven that Douglas Grant as the CEO does not have a golden touch. - PA Ltd. failed to deliver the target of >=@£2.5m/year PAT - plan for acquisition of PA Ltd. Not delivered to plan. - plan for expansion of PA Ltd in to other sectors. failed. - growth in profit & prospects/hopes for PA Ltd have hit a brick wall after high profit growth in 2023, profit is apparently down in H1 '24 but a lot of that profit growth in '23 was perhaps/probably due to one off cost cutting (getting rid of directors' cars etc)....the turnover didn't increase that much (15% ?) - D.Grant departed from the bod of PA Ltd (the great white hope for MFX shareholders) in January 2024. Which appears to register failure to deliver according to plan. PA Ltd was the biggest most exciting acquisition by MFX. No shareholder is interested in any of the other subsidiaries. - Exploitation of the new UK banking licince which was hailed by the dirs as great news. 1 year later & no use appears to be being made, at all, of the UK banking licence despite it producing many fixed costs for MFX !! - cash going out for fees & comissions has rocketted, when the plan for last X years was to keep reducing/avoiding paying it ! - while the stated plan/strategy has FAILED to be delivered the exec dirs & the bod they have rewarded themselves very highly, 973k for the bod in '23 & ~1m shares for free for the CEO ! - while the stated plan/strategy has FAILED to be delivered by the execs & the bod the communication from the company to shareholders and the market is a DISASTER ! ( every poster on this forum complains about it, including large shareholders).....th - the H1 accounts stated that a fall in performance at PA Ltd was expected in advance of H1. NOTHING was communicated to shareholders or the market imo !! The AR makes NO mention of this. - it seems that every time that MFX issues accounts it just creates a cloud of confusion because the numbers give in the text (written by James Mellon) never agrees with the actual numbers inside the accounts. These H1 accounts it has happened YET AGAIN ! That, imo, is PATHETIC ! & imo the dirs should be ashamed. The accounts need to be viewed by shareholders & the mkt as being clear, correct, understandable & to have no contradictions. Yet, all MFX accounts are imo difficult to understand & always include contradictions !! This time around the chairman wrotes that profit at £1.9m for PA Ltd is down & remedial action will be taken. Yet £1.9m for pbt (=~£1.4m pat) for PA Ltd is 58% higher than it was in H1 2023 !? And the accounts give/infer a PAT for H1 for PA Ltd of 2 x the minority interest of £372k for H1, = ~£744k HALF the PAT that the Chairman claims that PA Ltd achieved. This creates a situation of doubt, not good. (imo incompetence but we have to wait & see if the co. can provide a logical explanation; the accounts do not include any explanation for this major contradiction). - & main part of MFX, Conister bank, is operating at a loss, & borrows tens of millions via loan notes at 6% to then deposit it in treasuries & get ~4%, losing 2% on each £ !!, imo. while the chairman claims that Conister is operating "admirably" !! From treasuries MFX gets an income of ~£4m/year (100m @~4%, +/- X) When the treasury rate reduces to 2% that £4m will be reduced to just £2m. How will MFX compensate for a £2m fall in profit ? Is there a plan ? - while the stated plan/strategy has FAILED to be delivered the exec dirs (Douglas Grant & James Smeed) on their high salaries present data to shareholders & the market which is FALSE. the dirs take the shareholders for idiots ! (for the data for H1 2023, & 2023 annual data.....MFX owned 50.1% of PA Ltd & 50.1% of its profit. Giving data in a presentation to shareholders which included 100% of the profit of PA Ltd (in order to present more impressive growth & profit numbers) was intentionally presenting FALSE data. (& imo disgraceful). And when questioned about this the directors still avoided being honest. 'ah, but we will own 100% in the future'. (well, when you own 100% include 100% in the profit numbers in presentations, until then, include 50.1%, & stop telling porkies !!!) ======= If one compares the accounts & communication for MFX with another company that does lending to businesses in the UK (as does MFX), lse:time. The accounts from Time communicate text & results from directors that are executing according to the company's stated plan & are successful at what they do & have everything under supervision/control. Their accounts & text & their presentations (!!) give confidence to their shareholders & the mkt. Very different than for MFX, which is opaque in its reporting (eg. forecast drop in performance in H1 at PA ltd was kept secret from shareholders & the mkt !), every time MFX issues accounts a cloud of unknowns or contradictions is created (again this time) & MFX does not like to interact with shareholders or potential shareholders, whereas at Time I think they are quite happy to communicate with investors (they present to investors, eg. at Mello). ===== imo the low p/e given to the MFX shares in part shows the low regard that the market gives to the bod of MFX. imo they should not repeat year after year that the market is wrong but instead they should imo change & take on board some of the criticisms given in this post, many of which have also been posted over the years by other posters. Beckham changed from an uncontrollable problem player, a bit wild, to someone much more controlled & then diplomatic & tactful. change is possible. And of course MFX need to manage Conister & debts/loans & start making money out of a £300-£400m loan book rather than it (+ HQ & central costs) dragging down profits achieved by the various subsidiaries in the UK. If Conister (incl. bod & central costs) continues as a loss maker & the cost of the bod remains bloated then it will be harder for MFX to attract share buyers. And need to make a success of the UK banking licence or will it fail to achieve the plan for it, as has happened for PA Ltd. |
Posted at 27/9/2024 14:08 by stewy_18 "Conister Bank ltd.....group's principal profit driver...and continues to perform admirably..."This really annoys me. Why do they think investors are interested in a high loan book bank that makes sweet FA in terms of profit?? Investors are not here for Conister bank. I can invest in many better run banks than Conister!!! They need to stop dropping the ball with PAL and give this a lot more focus than they have been. |
Posted at 26/9/2024 19:47 by smithie6 elsa7878...imo just ignore what the directors may say Why ? Because the dirs & the chairman have a proven track record of telling porkies ! In accounts AND in presentations the dirs have given profit numbers that included 100% of the profit of PA Ltd, when MFX only owned 1/2 of PA Ltd. ie. they are quite happy to mislead investors. The spikes on the 3 year chart shows that investors were in fact mislead & the numbers from the dirs were previously believed. |
Posted at 03/4/2024 17:02 by smithie6 Jim MellonI would agree that his score out of 10 for making money for investors is perhaps a bit mixed, but I don't know his record over last 30-40 yrs. At MFX investors that paid ~8p for new shares in 2008-10 are sitting on a good profit. The annual % return depends on the year they bought. While at WEB investors are sitting on a loss (JM & Denham Eke are involved, Denham Eke is on the bod). I've just checked the website for SEED & Jim Mellon is not named as being on the bod, nor Denham Eke !, so, JM can't be blamed imo for the performance of the current bod). At lse:BHL yes Jim Mellon is on the bod as non exec vice chairman & Denham Eke is on the bod, finance director. (DE is vice chairman at MFX & plays a major part in running J.M.'s investment company Burnbrae). It is a lithium exploration & extraction company. Well, shares in start up mining companies, everyone knows that is like spinning a coin, so JM cant be blamed imo, or credited, if BHL finds lithium, or doesn't. So, I don't think the success or failure of lse:BHL is affected much by JM sitting on the board. And under JM's skill list I don't think you'll find any mention of mining !! He is there imo as an investor since lithium is such a hot subject for batteries for EVs & phones. ---- But worth noting that many famous entrepreneurs have had successes & failures, including:- Luke Johnson (cake/pastry chain went bust I think while pizza chain he backed made him a fortune), Alan Sugar, he has had winners & losers Bob Holt ? Etc etc. .....most/many small companies start off because some entrepreneur puts in a notable amount of cash & then devotes their time & energy to try to help to make it a success. Society & the stock market (& investors) need such people since a) the Government won't do it (& wouldn't have a clue how to; & failed badly investing in the UK car companies in the 70s) b) us PIs ain't going to do it since we don't have the time or motivation nor enough cash, nor the skills, experience & contacts. ------ I think JM has made most of his money as an investor in companies where he was not on the bod, I might be wrong, ...his record as a director, I know very little, but at MFX the investors from the various cash raises in 2008-10 at 8p are sitting on a healthy profit at 23p now but yes they had to wait until 2022-24 !! Apparently he has an MSc from Cambridge, & has made many millions over the years, so he is probably smarter than most of us ! |
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