Manx Financial Share Discussion Threads

[sooty snipes] 13/3/2024 15:38

Oh you've cast my mind back. Many moons ago when I was a small child there was a TV series called Wagon Train. I used to love those old westerns.

[smithie6] 13/3/2024 15:25

...just picturing a wagon in a western film going along with 4 fresh horses & someone fires a gunshot...& the horses go a bit wild...& the wagon & horses are off, rocketting down the dirt road.....

& the coach driver is heaving back on the reins & shouting
"Woa back, woa"....

Je je !

[smithie6] 13/3/2024 13:58

Good info.

....despite the % rise so far today it looks like, so far, that no one sells even 1 share !
----

(Maybe I should sign up to get visibility of level 2 data)

[castleford tiger] 13/3/2024 13:09

very strong now with MM looking for 100k plus and selling 1000.

i WONDER IF NUMBERS ARE NEXT WEEK AND THEY HAVE LEAKED?

Still very cheap in my opinion.
tiger

[clocktower] 13/3/2024 10:58

It’s long overdue and always good to see positive markets coming to life.

[smithie6] 13/3/2024 10:48

Oooh, nice % rise today !. :-)

-----

Looks like today is going to be a 2 beers day ! :-)

[smithie6] 13/3/2024 09:27

Thanks.

...fingers crossed the results are liked by the mkt...

[clocktower] 13/3/2024 09:23

Delighted to hear that Smithie6 and well done, I am sure every little step up from here onwards will make your days even brighter as MFX might go above previous highs in a matter of weeks I suspect.

[smithie6] 12/3/2024 15:06

Thanks Tiger

[castleford tiger] 12/3/2024 12:51

hxxps://www.edisongroup.com/research/rapid-growth-tempered-by-margin-pressure/32744/


NOT SURE if everyone had seen this.

results out in the next 2 weeks

tiger

[smithie6] 11/3/2024 19:23

Clocktower
..while some of us are in warmer climes & are fully invested in UK shares & doing nicely. :-)

=====

Stock markets move in cycles.
When the market is cheap, everyone is moaning & groaning. There are lots of takeovers (as happening now) because companies are cheap. Buying low is good.

When the market goes up & everyone is sitting on profits then everyone is happy & all the financial media & friends & taxi drivers say "buy now, the market is doing well" it is probably a good time to think about selling/reducing.

Clocktower, don't wait for taxi drivers to all say it is a good time to buy shares, 'cause it will be too late !!

[clocktower] 11/3/2024 16:59

Maybe it’s just that there are to many like myself enjoying the sun in warmer climates and not investing in UK shares at present.

[nakedmolerat] 11/3/2024 16:07

i hold time and manx, looking forward to positive updates for both

[smithie6] 11/3/2024 16:06

...it was interesting/strange imo that the mkt ignored the CEO investing £98k in shares in Nov or Dec.....or it even helped the share price fall. Crazy !

[smithie6] 11/3/2024 16:00

Clocktower
...I picked up a few more 7-10 days ago, & previously quite a few near that low at 15-16p. :-)
(Some at 15.3p !, I guess there was a forced seller, perhaps they had a margin call on a spread bet/CFD, or they got a whisper than a mining company had found gold & they needed money to buy shares !)

....up to my % limit with MFX shares now.
CT has bigger pockets than me.

[castleford tiger] 11/3/2024 15:32

I never saw the reason for the pull back tbh
However it’s allowed me more at a cheaper price

[clocktower] 11/3/2024 15:15

A little bit of love being shown towards MFX today I notice, maybe your correct S, and someone besides your good self seeing value here.

[smithie6] 08/3/2024 10:21

News from this banking/lending sector

BBC article about 2 big takeovers, at a premium, in the UK banking sector

Tesco's banking section was bought last month.
And in recent days Nationwide has made an offer to buy Virgin Money, at ~40% higher share price than before the deal was announced.

[clocktower] 07/3/2024 11:19

🤣 with age come caution S
Good luck.
It does seem cheap MFX that is.

[smithie6] 07/3/2024 10:03

Some news from this financial sector.

1) Virgin Money. VMUK
+35% today.
Received an offer from NatWest Bank.

(MFX is a takeover target imo since very cheap & has lots of real assets such as client lists, subsidiaries/associates, big client list via Payment Assist Ltd (a takeover target for Klarna & others).
And the banking licences in the IoM & the UK have value.

2) Funding Circle Holdings FCH
Lending to SMEs, much bigger than MFX.
+35%
Results today have gone down well & announced a share buyback & that plan to sell USA division (there is interest to buy it) & that division is loss making so selling it should produce cash & an improvement in plc profit.

-----
Clocktower
'knife edge'....' end of the world this afternoon'
Compare with 2 financial shares rising 35% this morning.
Clocktower, perhaps you worry too much !

[clocktower] 07/3/2024 07:27

The world is sitting on a precarious knife edge, and bar gold and whisky what is a safe haven? For me right now whisky is favourite, as at worst you can drown your sorrows. 😂

[castleford tiger] 03/3/2024 22:17

Not sure I agree about the sector being ex growth.
Anyway I remain a buyer
I expect a re rating this month

[smithie6] 03/3/2024 13:56

...not that anyone believes what Hedgehog posts

But let me point out that

- UK banks (& USA banks, & Spanish banks (including BBVA, Santander)...&...!) have reported good results, most with profits up from last year

- share prices for UK banks have been rising in the last few months.
NatWest is up from 180p to 240p for example, an increase of 33% in a few months. (I bought some at 183p).

- UK bank shares are at a low p/e, that is a good part of the reason for them rising in price. Still cheap. (The mkt also sees a reduced risk of an increase in bad debts). I'm hoping that the MFX share price will 'join the party'.

[hedgehog 100] 03/3/2024 13:42

I'm not surprised to see the share price collapse here this week: Smithie6's trolling on a NWT thread may be putting people off Manx.

And the banking sector isn't a growth sector: rather, it's mature, ex-growth, competitive, commoditised, & in decline.

Furthermore, numerous banks have gone bust recently, which shows the risks, while there looks to be comparatively little in the way of rewards to justify taking them.

[smithie6] 02/3/2024 17:08

Additional income due to the increase in the % interest paid on money deposited in UK treasuries/gilts.

If assume £40m (ref. 2022 accounts) & an increase from 1% average over 2022 & say 4.5% average over 2023 then the resulting increase in income due to that increase of 3.5% is
= 40m X 0.035
= £1.4m

Which in theory should help to increase the annual PAT. Although it didn't help in H1 where the PAT fell wrt the previous year. Hopefully that was a temporary set back due to increased costs due to process of applying for UK banking licence and/or for additional costs such as for staff & set up costs etc for having a UK banking licence, without the UK banking function having any notable turnover during its start up phase.