Manx Financial Share Discussion Threads

[castleford tiger] 15/1/2021 17:41

thanks yes cash is there but I wanted to leave cash to grow the business

tiger

[onchanman1] 15/1/2021 15:19

DPPManx - I have listed below the comment from JM placed in the IoM local news, it states a cash alternative??

The board of the Manx Financial Group has announced it has approved the introduction of a dividend scheme.

It will provide eligible shareholders with an opportunity to elect either to be issued with new shares instead of a cash dividend or, alternatively, a cash dividend in respect of all dividends for which the scheme is offered.

Jim Mellon, executive chairman, said: ‘I am extremely pleased that Manx Financial Group plc will return to the dividend list after an absence of 15 years.

‘This initiative both expresses the confidence that the board has for the company’s future and also allows us to reward our loyal shareholders with a tangible benefit for their continued support.’

The group is the parent organisation for firms including Conister Bank Limited, Edgewater Associates Limited and Manx FX Limited.

[castleford tiger] 13/1/2021 15:54

I think very few will be able to do this.
Nominee accounts essential for an ISA rule such things out.

Clearly the company wanted to retain the cash and give us shares but I am guessing very few holders can do it.
Tiger

[spangle93] 13/1/2021 08:16

Sorry to hear that, Toger - I assumed you held direct.

I have a nominee account with H-L - as a result I don't believe I can use the script offer.

[castleford tiger] 13/1/2021 06:22

Anyone else going to have the same problem and not be able to use the script offer re the dividend.
Nominee accounts and as such ISA accounts do not count!
Bit peed off with 2.8 m shares

Tiger

[castleford tiger] 05/1/2021 15:42

picked up another 100k at 8p

tiger

[castleford tiger] 03/1/2021 00:04

Good results and 10% of earnings paid as a dividend ( minimum )
Tiger

[bsharman3] 31/12/2020 12:37

Hi,

I have been looking at MFX and my conclusion is that it is ridiculously CHEAP! What newsflow can we expect in the near future that will hopefully lead to a rerate?

[cousin jack] 23/12/2020 19:10

CT; Well I certainly value them much higher than they are currently - that’s why I originally invested. But obviously we need the market to value them much higher too, so today’s reaction a little disappointing. However as Spangle suggests, it’s early days re. The divi news and we don’t have the details. And as I said, I think the market is in wind down for the holiday so many investors attention elsewhere.

[castleford tiger] 23/12/2020 16:19

Cousin Jack

How would you value a company with a NAV over 22p a share?

With profits around EPS of 2p I used a basic metrix of 10x to arrive at 20p

If we get 10% of earnings .02p on a 10p share that's 2%
if we get 50% its 1p and 10%

time will tell
tiger

[spangle93] 23/12/2020 15:40

It's hardly going to have an instantaneous effect. We're not going to hear firm details until the AGM, and last year the AGM was in late May

[cousin jack] 23/12/2020 14:20

Muted reaction to the announcement. Perhaps because market in wind down mode this week and if so then maybe a more positive movement to come in the new year ? However suggestions of a rise to 15 or 20 pence on dividend news now look a bit optimistic given we are barely above last weeks price !

[smithie6] 23/12/2020 12:12

conisterbank bank lends to a start up in housing loan sector

but is there not an existing lender with offices & staff & FCA authorisation that Conister could have lent to instead ?

Conister itself or another part of MFX ??

me no understand !

[castleford tiger] 23/12/2020 10:22

a steer as the % would of been good.

can we see 25% or eps ?

[sharetips] 23/12/2020 08:57

Comment in cityconfidential also looking for a jump in the price

[castleford tiger] 23/12/2020 07:45

Finally news and it’s good

I expect a big jump today
Tiger

[gears] 22/12/2020 16:27

hxxps://www.conisterbank.co.im/news/london-based-startup-proportunity-helps-first-time-home-buyers-nets-pound7.5m-funding/
This was the only news I could see.

[castleford tiger] 04/12/2020 14:46

its coming...............????????

[castleford tiger] 27/11/2020 22:39

Another 200 k bought today

[castleford tiger] 23/11/2020 21:56

just a dividend re rating but 20p here we come

[spangle93] 23/11/2020 20:55

750k volume, with buys close to 10p
- only one other day in the last 6 months with more than 300k

[trentendboy] 23/11/2020 20:38

Any hints of a takeover bid coming?

[trentendboy] 23/11/2020 20:37

Been holding these for a long time in the early teens - we have action for the first time in a long time Hmmm, looking interesting

[castleford tiger] 23/11/2020 16:26

think my 75k buy ( showing as a sell ) at 8.74 but an hour delayed caused them to revise up.

Anything at this level is madness

[lookagain] 23/11/2020 13:52

Age must be getting the better of me I'm afraid. 🙄 🙄 🙄