Manx Financial Share Discussion Threads

[smithie6] 18/11/2024 14:08

...keep up the good work ...

(if I didn't need a plane ticket I would be there)

[davidosh] 18/11/2024 09:48

Anyone investing large amounts in smaller companies and especially if not working/ retired should be there. Many have ISAs worth many times more than their salaries so a question of priorities.

The hotels are very cheap and plentiful in Derby...Anyway i do my best.

[smithie6] 17/11/2024 21:25

...would you pay for my plane ticket ?

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even for anyone travelling from say London or Scotland or Wales to Derby.....if say £200 in lost earnings for not working + hotel cost + train there & back, + meals
.....the cost adds up

so, my guess is that most attendees will probably be from <1-1.5 hours drive from Derby.

[davidosh] 17/11/2024 16:09

Smithie6....You not going to Derby? Not sure why I arrange these big events to help investors meet management

[smithie6] 17/11/2024 11:45

sector info

Natwest,....in upward trend (it has more than doubled quite quickly, 180p to 390p, that was an easy buy when the p/e was 4 ;-) )

Barclays, up from 180p to 260p (a high) since April

Lloyds. up from 45p to 56p over last 6 month

Santander (price on Spanish mkt), in its 3 month horizontal trading range

BBVA. profit up in Q2 by +38% wrt 2023

FTSE 350 Banking Index
in 2024 it has risen from an averaged value of 3500 to ~4700. And rising. Quite a % increase, + 1/3rd.
Much better perf. than the FTSE 100 which is up ~7% if you use a smoothed value for Jan. '24.
Bank shares have on average done very well in 2024. Hopefully MFX will join in at some time.


so the recent moves in interest rates & Govt debt % rates have been viewed by the mkt as being ok for banks.

[smithie6] 17/11/2024 11:43

might there be a trading update revealed on the same day or at Mello ?

.....based on the past, no chance. :-(

[davidosh] 17/11/2024 00:41

Smithie6.....Both Manx and Time Finance are going to be at Mello plus 30 other companies so surely you will be there?

You cannot depend on me for write ups as I will be pulled everywhere each day as the organiser.

Tiger will be there I suspect as just down the M1

[smithie6] 16/11/2024 19:47

...perhaps Daviddosh ?

[stewy_18] 15/11/2024 13:05

Is anybody going to Mello who frequents this board?

[smithie6] 14/11/2024 17:40

Will directors be answering questions ?

1) Why does the lse:MFX website report that Rene Nominees (owned by Aaron Banks) owns >3%

(Aaron Banks held ~18% back in 2020, but shareholders voted "yes" to the EGM resolution to buyback all of those shares & then cancel them. The son of A.Banks then gave up the A.Bank's position on the bod)

but no RNS has been issued reporting this new holding of >3% (As is required by the AIM rules).

Lse:mfx knows that Rene Nominees has popped up owning >3% because it is on the co. website....but no RNS, it just not make sense imo)

2) It is surely Vidacos Nominees that was the big seller in previous months, with sells of 250k or 500k shares reported on some days....(for Zeno Capital perhaps)
But no RNS has been issued, why not ?

The AIM regulations require % changes in shareholdings to
be reported via an RNS, if hold >3%,
...I estimated that 7-9 million shares were sold, >>3%.

3) UK banking. new licence

3a) how much money has been taken in deposits in the UK ?

3b) how much money has been lent out from the new UK banking function ?

[smithie6] 14/11/2024 17:27

well done Mello for running such events...giving PIs a better chance to be better informed....

[castleford tiger] 14/11/2024 08:41

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:

[william127] 13/11/2024 19:18

MFX present at Mello 10th Anniversary next week

[mello2024] 12/11/2024 21:20

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:

[castleford tiger] 28/10/2024 15:05

thats PAL model?

[smithie6] 28/10/2024 10:45

...no bother/problem for giving 0% finance.

[castleford tiger] 28/10/2024 08:31

this investigation is causing mayhem in financial markets.

How MFX or any company can be in bother for giving consumers 0% finance i just dont know.

Its a strange world we live in.

MFX will be banking a fair few million (90%) of profits to add to an incredibly strong balance sheet.

I remain convinced on what we know the shares are undervalued

tiger

[gears] 25/10/2024 21:15

hxxps://cardealermagazine.co.uk/publish/close-brothers-stops-underwriting-new-dealer-finance-after-landmark-court-ruling/309297
Not sure if this will help increase market share if big players pull out.

[smithie6] 25/10/2024 10:28

profit as a % from the loan book has I think fallen in recent 1-1.5 yrs, however the profit over the last 5 years (& 10) years has grown a lot.

diluted eps

(data for 2020-2023 taken from the recent Edison analyst report)

2018 1.5p
2019 1.7p
2020 1.4p
2021 2.0p
2022 2.9p
2023 3.5p

A dip for 2020 as you would expect due to the covid crisis.
if we compare 2019 with 2023 the growth over 4 years is from 1.7p to 3.5p, ie. doubling.

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p/e
if we take the share price for the results for 2019 as 10p (~March 2020) that gives a p/e of 10/1.7= 5.9

if we take the share price for the results for 2023 as 21p (ignoring the spike) that gives a p/e (March '24) = 21/3.5p= 6

So, for the results for 2019 & 2023 the mkt valued the shares at a p/e of ~6. Virtually the same p/e for the 2019 results as for the 2023 results. But yes, with the share price doubling because the eps had doubled.
======

Current foreward looking p/e
(annual calc. based on monthly numbers)
a) eps
(eps 1.6 (H1) x 2 = 3.2 + 0.2 (est. due to expected lower tax % than in H1, as happened in '23) + 2nd 1/2 of PA ltd £1m/154m= 0.6p
= 3.2 + 0.2 +0.6
= 4.0p (up from 3.5p in '23)

(£1m/year pat for 2nd half of PA Ltd, taken from PA ltd accounts, =£2.1m/2)
=====

b) p/e, diluted
=14.5p/4.0p (diluted eps)
= 3.6 (diluted)

This is much lower than the normal p/e for MFX of ~6, & imo the p/e will rise over coming days, weeks back closer to a p/e of 6.

[stewy_18] 25/10/2024 09:52

Loan booked doubled but profit?

[smithie6] 24/10/2024 11:39

...imo there is some extra info in there.

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The tables with data for ~5 years....useful I thought....the growth is very easy to see, although yes the mkt does not appear interested at all in the impressive growth, so far. (loan book has roughly doubled in ~4 years; profit increase is also impressive)

[smithie6] 24/10/2024 10:34

anyone read the Edison analysis issued in recent days...any comments ??

[smithie6] 24/10/2024 10:32

6 shares bt

share price up 3.6%

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(ok, delayed catch up with big share buy on Tuesday afternoon of ~140k shares)

[lennonsalive] 24/10/2024 10:30

That's what I was thinking too.