Manx Financial Share Discussion Threads

[castleford tiger] 19/2/2016 11:42

I have 2.96%.

Very close to having to declare.

tiger

[martincc] 18/2/2016 14:34

Just been looking a co. website. No announcement re upcoming fins. that I can see, was 2nd March last year. Also found 59.3% of shares not in public hands so limited free float.

[castleford tiger] 18/2/2016 13:51

have we announced a date re results?
Tiger

[nick rubens] 18/2/2016 13:07

Two weeks to full year results and the market is noticing.

[castleford tiger] 04/1/2016 18:26

2 million profit ( my target ) I am now very confident will be broken on the upside.

Jim just get rid of those options that's holding the price back and then we can use the paper to buy other companies.
First we need a fair valuation eps 2p x 15 x = 30p share price.

then lets bolt some on.

tiger

[rafboy] 04/1/2016 11:14

Taken a small position here and will see how we go.

[flashheart] 04/1/2016 09:46

Kicking up nicely now.

[flashheart] 02/1/2016 21:03

Hi all. Seems a very interesting proposition here and looking intently at taking a position. Being a Jim Mellon fan, can anyone tell me how long he has had an interest here (in any capacity)? Thanks in advance.

[nick rubens] 01/1/2016 18:00

Full year results are due around late February. It's almost certain they are going to be good and in the £2m plus pre tax range.

Would be nice if some other corporation could just buy it out at it's fair value as the market seems to be dragging it's heels here, though that just means it's a buy opportunity so I shouldn't complain really.

Maybe a run up to the results or if not, then a run up after the results if they confirm the profits are growing and recovering fast as we seem to think.

[suetballs] 30/12/2015 17:05

A few buys today.
Come on MFX - time to wake up.
Suet

[gears] 14/9/2015 11:56

Good question.

[leeson31] 11/9/2015 22:04

How much have mfc got for acquisitions though with out the need to raise cash to fund daid acquisitions?

[castleford tiger] 11/9/2015 16:25

Dealers believe Manx Financial Group, 0.25p off at 12.38p, deserves a re-rating. Recent interims were good and the board is on the acquisition trail. That is likely to be in the UK broker market to tap the large Isle of Man deposits base. Perhaps it could have a say in broker Novum’s future, which is rumoured to be at the top of Zeus Capital’s shopping list. Jim Mellon and Ukip founder Arron Banks are major Manx shareholders

[leeson31] 17/8/2015 22:03

See a banks is johns son. I used to work for john in the 90's. Only one debt item and thats the 500odd k vat item which may get sorted and thetes the debentures 1.6m from jim and john. Not sure on 2.5m fy but maybe 2m or 2.1m

Imo of course.

Not sure on an arab acquisition; thete hasnt been any other activity like that here in the iom.

But certainly fundamentally cheap given the current mcap. Id think c.20p or so is current fair value.

Cheers

[castleford tiger] 17/8/2015 21:43

Jim Mellon and A banks own a large shareholding. Assets are almost market cap.
Expect close to 2.5 million for the year and its growing 25 to 30% pa.
Whichever way you value this is very cheap and don't rule out a hostile bid from an Arab or wealthy person.
If that comes it would have to be around 30 million
Tiger

[leeson31] 17/8/2015 14:16

is there any debt? who's the main shareholders does anyone know?

if H2 is as good as H1, then youre looking at ~£2.2m profits, on a current map ~£13m. very cheap. even say ~10 x is ~£22m mcap/~21.5p



cheers

[castleford tiger] 17/8/2015 13:59

bought what I can
tiger

[nick rubens] 17/8/2015 13:52

I think it's just a few traders out and it should start moving up ahead of excellent full year results expected.

Should attract some institutional buyers with these kind of profits growth/recovery.

I expect some financial press articles tipping these also very soon.

[castleford tiger] 17/8/2015 09:58

company is now valued on its assets. so it ignores the fact it makes over 2 million a year.
I think its got this wrong and expect to see 20p very soon.

tiger

[mega_trader] 17/8/2015 09:38

well they exceeded 1million CT, so 20p+ looks fairer. Markets off generally, Add on the lows imo. General sentiment down, not MFX specific.

[suetballs] 17/8/2015 08:45

The market was obviously expecting more?
Suet

[castleford tiger] 14/8/2015 13:03

No chance of a Dividend in my opinion.

However keeping the profit in the company is good news if used well.
Clearly if results are Monday someone has had a peek.
MM looking for shares like no tomorrow..........nothing to buy but they want lots.

Next week if we get 1 million at half way we should hit 20p.

tiger

[nick rubens] 14/8/2015 12:01

Last years profit remained in the balance sheet. I'm hoping at the Interim they will introduce a dividend giving a healthy yield going forward.

[bckttsim] 14/8/2015 08:42

" I am pleased to report a record profit before tax for the Group of £1.73 million which represents a growth of 61% for the year.2014 also marked the achievement of an important milestone whereby our total assets exceeded £100 million for the first time, to reach nearly £120 million at year-end. Our outlook for 2015 remains very promising."James Mellon, ChairmanNEXT INTERIM RESULTS ON MONDAY 17/8PROFIT EXPECTED TO BE £2 MIL PLUS