Manx Financial Share Discussion Threads

[clocktower] 24/10/2024 10:11

Six share traded and the MM mark it up, maybe a big delayed buy to show.

[clocktower] 23/10/2024 13:31

You would think a buy of that size might tick it up, in view of how how few it took to drop the bid and offer.

Still a big seller in the background maybe.

[smithie6] 23/10/2024 13:25

The Edison analyst report says that for '23 if MFX had owned all of PA Ltd during '23 (& not 1/2 of it) then the eps would have been 5.13p. (& MFX now owns all of PA Ltd).

say ~14p to buy this morning, eps 5.13p.
p/e = 2.7 !! very cheap.

(that is a return of 37% for those that are in to maths.
ridiculously cheap imo
...although only 10% of the PAT is currently actually paid out. imo it might increase to 20% at some time in the future).

[smithie6] 23/10/2024 13:20

MFX trades

looks like a big buy trade has gone thru
...bigger than the total of the sells

[lennonsalive] 23/10/2024 11:46

Labour had a year to prepare for power (according to polls), day one emergency budget could have been in place. Elected 4th July, we are now at the end of Oct.

[our haven] 23/10/2024 11:12

It's a bit surprising that the government didn't know that waiting so long for the budget would result in often repeated negative news on taxation which would impact confidence.Shows a lack of understanding.

[clocktower] 23/10/2024 11:10

Agreed Smithie6

Still it is harder to lift a heavy weight than it is to lower or drop it, especially when you get older and a little more careful. :-)

Don't fall in love with a share.

[smithie6] 23/10/2024 10:59

indeed....

but, like every period of perception of high risk or high worry....

the Russian Crisis, the Asian crisis, the Covid crisis, the sub-prime crisis in 2008, the UK-ERM crisis, the internet bubble in 2000....

they all end up in the rear view mirror...& after X time are forgotten.

------
The effect on the UK market of having a Labour Govt, where the PM has been receiving many different presents from rich ppl & his morals are being questioned (& for me his intelligence & his common sense)......we have to wait to see.....
(imo the Labour Govt will realise its mistake of imposing policies against the business sector, & will become more business friendly imo, because its advisers will be repeating it to them)

...the repeated big news of raising taxes.....while not revealing them has created many weeks of doubt, rumours & risk, & the Govt has hopefully realised it has been a big mistake & will not repeat it.

Left wing Govts in Europe have in recent years moved to the far left & started having crazy policy ideas. Left wing Govt seem to think that working is bad & that everyone has the right to a house, heating, a car, holidays.....& that work should be optional, & paid sick leave if you have menstrual pain, ovulating pain, or your partner has, & that shoplifting should be tolerated, & that when a worker goes to work should be up to them to decide !!

....over time the radical left wing ideas will be seen as ridiculous & society will move away from crazy ideas imo & the idea of working for a living & paying your way will again be respected.
(in the UK the right wing only has itself to blame for voters abondoning them because of loony PMs like Boris & a new PM every year !)

[clocktower] 23/10/2024 10:48

It's like trying to catch a falling knife but is it wise in light of the current market conditions, which seem to be marking time, as the drums of war beat even louder each day that passes.

Trump or Harris, there seems to be a period of uncertainty in the air.

[lennonsalive] 23/10/2024 10:37

A few buys or sells can move this. I watch and wait

[smithie6] 23/10/2024 09:03

only a nett sale of 40k shares

= £5-6k

causing a fall of 1p in the share price !

[smithie6] 23/10/2024 08:42

...I'm surprised to see the price fall this morning, clearly this morning there is a seller.

The shares are crazy cheap imo but the seller has a different opinion or he agrees but he must convert the shares to cash for some necessity.

(a Mr Guillina in USA is having to sell (or have seized by bailiffs) certain assets to pay millions to 2 plaintiffs in a court case he lost. Sometimes ppl must have cash. And we know that various micro cap funds have been reducing their UK share holdings to pay cash to fund sellers & 2 have closed (Chelverton & Downing Strategic Microcap).

Loan book has doubled in size in the last ~4 years. The profit has also grown a lot.
For me the co. has good growth at a crazy cheap price.
While there are also some negatives, including almost zero news flow to the market, too many dirs imo, & the cost of the new UK banking operation (but for growth & strategy it is excellent).
For me the share price is crazy.

The Edison analyst report says that for '23 if MFX had owned all of PA Ltd during '23 (& not 1/2 of it) then the eps would have been 5.13p. (& MFX now owns all of PA Ltd).

say ~14p to buy this morning, 5.13p.
p/e = 2.7 !! very cheap.

The Edison analyst report is free & is available via the link in today's RNS or from the lse:mfx website.

[tiswas] 23/10/2024 08:41

Only mfx could have paid for research that sends the price down!

[kaos3] 23/10/2024 07:41

smithie6 - we will see...

and we are seing

if a confirmed local or general double bottom develops - i am probably in

but downward channel momentum is still ongoing - just look at the chart above

a scetch

[lennonsalive] 21/10/2024 18:29

Need a bit of volume

[castleford tiger] 21/10/2024 13:17

bit weaker today 15.5 to sell 15.72 to buy

tiger

[smithie6] 21/10/2024 07:57

kaos3

....phps don't wait too long...since the price to buy has already risen from 13.3p to phps 16.3p

You like Warren Buffet, 'buy cheap or good shares when everyone else is fearful'. very true at 13.3p (& still now imo)

PAT ~£6m...at new monthly run rate incl. all of PA Ltd . shares are too cheap imo

;-)

[smithie6] 21/10/2024 07:54

Tiger
..'closed period still'...
..phps

another acquisition would be no surprise

for a long time the co. has said it wants to buy an insurance co. to take advantage of the big data base of potential clients via PA Ltd.
(& it has an arrangement with one, 3 Spires...)

& when new clients sign up at PA Ltd (or Conister UK) it would be easy to give/provide them with a flyer/info for insurance.

And if have car registration, car make & model info & driver's licence
...be very easy to send them a car insurance quote. (as long as they tick the box to allow that)

[smithie6] 21/10/2024 07:47

well done, good timing.

..it looked set to be reduced....noting that the EU made noises last week about reducing the € % rate....similar in UK.

[castleford tiger] 21/10/2024 07:29

pleased i took the 5% bond offer now reduced so they must have had plenty of takers

tiger

[kaos3] 21/10/2024 06:47

smithie6

have not bought yet. it serves me well up until now. but i am a keen observer and slowly getting to know the company. also thanks to your work that you publish on here. for which i am thankful.

i am waiting for the global macros to take hold - above all the first interest rise decrease after a long increase .... which historically gives a general market sell impulse. i am waiting buffett style atm

and wars and us elections

so my not buying is not mfx specific. but mfx is one of the few financial shares that i am going to buy.

40 pc or something of the stock market capitalization are financials and a consolidation shrink of the sector is what i am expecting. combined with possible big changes from basel IV impulse.

etc. long answer to a short q

[castleford tiger] 21/10/2024 06:43

Depends if they are holding information not yet released. It could be to buy something or any other reasons.
I am sure James said they were still closed.

[smithie6] 21/10/2024 06:32

How come ?
H1 results have been published.