Share Name Share Symbol Market Type Share ISIN Share Description
Manx Financial 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
  +0.00p +0.00% 9.50p 9.00p 10.00p 9.50p 9.50p 9.50p 0.00 05:00:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 1.7 1.6 6.1 9.70

Manx Financial Share Discussion Threads

Showing 1001 to 1023 of 1025 messages
Chat Pages: 41  40  39  38  37  36  35  34  33  32  31  30  Older
DateSubjectAuthorDiscuss
23/4/2017
09:40
Tiger, Is this the piece you had found? Arron Banks CEO - Precision Risk and Intelligence Arron brings a wealth of business experience to Precision, having sizeable interests in connected banking, insurance, tax and trust companies. Precisions's strategy is to provide a global end to end security and intelligence offering, with an energetic, opportunistic and entrepreneurial approach to solving problems. He was the founder of a number of companies including Brightside group, one of the largest listed Insurance Brokers in the UK, the largest shareholder in Manx financial, an Isle of Man private bank. Freudian slip? MikeG
m1keg
22/4/2017
21:28
The non-executive directors have a lot to answer for. The minorities are getting trampled on.
howhardcanitbe
22/4/2017
12:45
Totally agree, but as I see it they cannot take the new shares unless they sell some. The deal was a poor one for shareholders. They are getting extremely high interest rates so should tear up the warrants. This co has not created shareholder value rather it destroyed it. Remember the 80p days!! Tiger
castleford tiger
22/4/2017
09:34
Tiger the Board should refinance the notes with debt. Rolling them over would cause uproar with us shareholders!
howhardcanitbe
22/4/2017
09:11
maybe get an update with the accounts. Who knows when that maybe. Important dates coming up with the loan conversion. tiger
castleford tiger
16/4/2017
18:47
I think this is the final judgement of the VAT case and if I read it correctly HMRC appeal has been thrown out. At least in that case the provisioned revenue should stand in the final accounts. hxxps://www.supremecourt.uk/cases/docs/uksc-2015-0224-judgment.pdf I wonder what the falling out was about to cause Mr Kelly to walk out of the door. Real pity I liked the man. Just the same old bunch of Yes men left now so I'd be VERY suprised if the pending loan solutions were simply to leave the situation as is with the threat of dilution stopping many people from investing here.
m1keg
03/4/2017
08:05
See that Mr Banks still claims to own a bank in the IOM ? Ref Sunday Times money section back page. tiger Thanks Suet..........you may be right
castleford tiger
02/4/2017
21:03
I thought Mr Grant had already had a go at unsuccessfully running the Bank before Mr Kelly was brought in to turn things around?
howhardcanitbe
01/4/2017
12:02
Tiger Current. (but could be both) But not selling - I hope that 9p is the floor. Suet
suetballs
31/3/2017
22:37
i am out now after bounce back to where i bought in, took a small loss unknown costs are worrying and share dilution leaving it for others to play
ntv
31/3/2017
18:27
historic or current suetballs? Tiger
castleford tiger
31/3/2017
18:19
Always a worry for me when they put the FD in charge especially when the boss leaves with immediate effect. I smell something nasty, Suet
suetballs
31/3/2017
10:59
Clearly an issue! We may get an update with Numbers. That will be just before or after Easter looking at previous dates. Shares look cheap but the market does not think so! Tiger
castleford tiger
31/3/2017
10:24
Well losing your bank manager before the results come out seems a bit odd. Something he did not agree with?
m1keg
03/3/2017
16:11
A move up maybe. Suet
suetballs
05/1/2017
11:35
From Growth Company Investor before Christmas Despite its tiny size, Manx has two high-profile backers in Arron Banks, who owns 29 per cent, and chairman Jim Mellon, with 17 per cent, whom we might assume are interested in expanding the scale of the company. The Isle of Man has never been in recession, making it an attractive place to do business. It’s also a good source of retail deposits for Manx’s Conister Bank, which has been operating since 1935 and is a strong local brand. Manx has also been building up its local IFA network, but the main growth potential lies on the mainland. Manx accesses the UK market via brokers but is beginning to undertake direct lending. This could well lead to further expansion in the UK, possibly through acquisition if the right vehicle could be found. Most lending is secured, with over half the book consisting of hire purchase loans. The market cap of £9 million stands at a 30 per cent discount to shareholders’ funds of £12.8 million, despite Manx earning a posttax return on equity of 17 per cent last year. Even allowing for dilution from outstanding convertibles and warrants, the shares would still trade on a discount to NAV and a historic p/e of 7. n MANX FINANCIAL Ticker MFX Sector Financial Services Market cap £9m Share price 9p BUY
wiseacre
25/11/2016
08:23
Looks good to me
wiseacre
25/11/2016
07:36
Some news at last! Suet
suetballs
03/10/2016
18:50
Tiger the reasons you mention are why so many AIM companies are delisting. 75% are needed to go private. Whilst this is not the case with MFX there are some leaving.
gears
03/10/2016
17:35
I do think Jim and the BOD need to have regard for shareholders. The AIM is to create wealth for shareholders and that can include Directors. It does seem that directors are gaining most ( can I get 7% on my money please ) there is practically no market in the shares. No broker coverage. No information for shareholders. The date of results would be a start! I feel a long letter to them coming on. Jim thinks the new shares to be issued will not be be a problem ( source Twitter feed ) I think he has that wrong. The price today says it all Tiger
castleford tiger
03/10/2016
17:12
Tiger having another bad day !! ;-) (Too many strange things at this co. - Jim Mellon - conv. loans to co. when co. didnt need cash apparently (when the LAW requires equal treatment of ALL shareholders...ie. shouldnt do special deals with dirs) - numbers for receivables being written off are imho HORRIFIC ! (hopefully not from 'mates') - commissions as a % are HORRIFIC All imho....each to own view.
smithie6
30/9/2016
21:21
indeed, it looks like Manx took the primary risk on early repayments of loans .... and intermediaries pocketed a nice tidy amount whatever .... first double glazing s##thead I mentioned in previous post did try to get me to go for the loan offer and have the big discount by telling me I could repay the loan in full with nominal penalty as soon as the windows had been fitted ... so perhaps Manx got hit by similar sort of thing? that is what I would assume from rns - I could be wrong - it has to be assumed that Manx did do due diligence, risk assessment and statistical analysis - so perhaps they were just unlucky .... i'm actually not a holder - but it has been on my main watch list for a couple of years - it'll now remain there for a while longer ....
cougar99
30/9/2016
18:55
Thanks Cougar99 so looks like bankings not just about taking a cut but understanding the terms & conditions. I think with interest rates falling so fast it may have been part of the problem. Maybe Tiger will have more to add.
gears
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