Manx Financial Share Discussion Threads

[tongostl] 16/10/2023 07:50

Nice news, as expected.

What an exciting future!

[shanklin] 13/10/2023 11:22

TBH I was more annoyed by the flagrant misrepresenation of the results, than the slight drop in earnings. It just made me add MFX to the list of companies where its impossible to trust management. Any yes I do still think its very cheap

[smithie6] 13/10/2023 11:07

...the seller
... perhaps they are miffed because MFX has had a massive increase in its loan book & has added ~£1.2 million PAT due to PA ltd & interest income on cash parked in Govt treasuries
& yet the co. has managed to report a fall in profits !!
Seems almost impossible.
I'm not happy about it either. But hopefully it is just a dip in the trend of growth, which is there to see.

[smithie6] 13/10/2023 10:33

((btw
I noticed this text in a previous RNS

"As a result, the Group will be able to consolidate 50.1% of Payment Assist's trading results..."

...so, consolidating 100% of PA results in the presentation by exec dirs & in the text from the chairman, was, well, incorrect. ;-). ))

======
So, the text written by Jim Mellon
"With this backdrop it is pleasing to announce another record half year with a 30% increase in our Profit Before Tax Payable to GBP3.0 million"
.....was/is not true, as we already know.

[castleford tiger] 12/10/2023 14:01

looks like the 200k sale that did it.

tiger

[castleford tiger] 12/10/2023 10:29

it baffles me but in again i go

tiger

[castleford tiger] 10/10/2023 11:51

seem to halt the slide .

I will take anything they want to throw at me at 16.20

Tiger

[castleford tiger] 09/10/2023 16:41

Still plenty more I am back in tomorrow

[castleford tiger] 09/10/2023 14:20

One showing now as expected but as a sell !!

[castleford tiger] 09/10/2023 14:18

Possibly but why would you sell at 4 x earnings ?
Certainly was easy to buy today as I left London.

[clocktower] 09/10/2023 13:52

Even that is not reversing the trend for now. Big worked seller maybe?

[castleford tiger] 09/10/2023 13:04

Just stepped in again for 2 lots x 50 k at 16.25p
One will be delayed trade
Tiger

[stewy_18] 09/10/2023 10:38

Anyone know why the sudden drop?

[clocktower] 09/10/2023 09:52

What's been rattling this cage for a few weeks. After all the support that C Tiger and S6 has stumped up, it is surprising.

Any views why this is falling again?

[smithie6] 09/10/2023 09:16

'uf'
....price is down this morning. :-(

[smithie6] 08/10/2023 21:27

...if it took £400k off the PAT in H1 then the PAT would have been £1.9m+ £0.4m without it, = £2.3m

X 2 (for 12 months) = £4.6m.
Versus a cap. value of ~£20 million.
...looks too cheap imo

[castleford tiger] 08/10/2023 17:50

A million in costs inc / IT/ Staff / DD
Tiger

[smithie6] 08/10/2023 15:09

Anyone have any info or a guess for how much of one off reduction in profit has happened due to applying for the UK banking licence ?

And do we know if there is a fee to pay for the process ?
One assumes that the regulators have to do due diligence on MFX, using experienced expensive staff & that the applicant is surely the one that has to pay for that.

----

A one off cost for the application process that won't repeat.

(& note that the co. has said it hopes to get the UK banking licence this month in October '23....so surely 99.9% of the cost for the application process is all water under the bridge now)

[castleford tiger] 05/10/2023 15:22

thank you i cannot buy under 18.25 now

[yasrub] 05/10/2023 09:14

I use cheap AJ Bell managed to get with online quote

[castleford tiger] 05/10/2023 08:54

I got nothing yesterday ..............
MM said the stock was unavailable.

for my info do you know (YASRUB) WHICH MM SOLD THE 50 TO YOU.

Redmayne struggling

[yasrub] 04/10/2023 19:12

CT the 50k at 14.00 was mine, so on that basis two more to pop up for you

[castleford tiger] 04/10/2023 18:16

It was a buy as it was Redmayne for me.

They said 2x 50 bought but cannot get it confirmed till tomorrow.

Buying still a way to go

[smithie6] 04/10/2023 15:07

Looks like the trade at 2pm for 50k shares was imo a buy (£9.1k....a fair chunk for MFX trades)

& it was that that caused the 2nd step up in the price today.