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Share Name Share Symbol Market Type Share ISIN Share Description
Manx Financial Group Plc LSE:MFX London Ordinary Share IM00B28ZPX83 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 8.75p 0 01:00:00
Bid Price Offer Price High Price Low Price Open Price
8.25p 9.25p 8.75p 8.75p 8.75p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 2.71 1.88 4.7 11.5

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DateSubject
24/5/2019
09:20
Manx Financial Daily Update: Manx Financial Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker MFX. The last closing price for Manx Financial was 8.75p.
Manx Financial Group Plc has a 4 week average price of 8p and a 12 week average price of 6.85p.
The 1 year high share price is 13.25p while the 1 year low share price is currently 6.85p.
There are currently 131,096,235 shares in issue and the average daily traded volume is 48,560 shares. The market capitalisation of Manx Financial Group Plc is £11,470,920.56.
27/12/2018
07:08
castleford tiger: Another record year for MANX about to close. Just need the directors to sort this mess with AB and the share price will respond. I think the MM have got wind him wanting out. Why would another investor pay a much higher price than current market price? I would be buying a million or two in the market Tiger
23/12/2017
10:23
m1keg: Fake News Quote Well as you can see all is doing well here and all managers are doing a great job as indicated by the best share price of 14p we have seen for years during this latest period. Due to this excellent share price we figured why be bothered engaging with public investor more as they obvioulsy already love us. Unquote
24/10/2017
13:06
gears: Looks like he did increase his holding albeit at a large discount to share price.
05/1/2017
11:35
wiseacre: From Growth Company Investor before Christmas Despite its tiny size, Manx has two high-profile backers in Arron Banks, who owns 29 per cent, and chairman Jim Mellon, with 17 per cent, whom we might assume are interested in expanding the scale of the company. The Isle of Man has never been in recession, making it an attractive place to do business. It’s also a good source of retail deposits for Manx’s Conister Bank, which has been operating since 1935 and is a strong local brand. Manx has also been building up its local IFA network, but the main growth potential lies on the mainland. Manx accesses the UK market via brokers but is beginning to undertake direct lending. This could well lead to further expansion in the UK, possibly through acquisition if the right vehicle could be found. Most lending is secured, with over half the book consisting of hire purchase loans. The market cap of £9 million stands at a 30 per cent discount to shareholders’ funds of £12.8 million, despite Manx earning a posttax return on equity of 17 per cent last year. Even allowing for dilution from outstanding convertibles and warrants, the shares would still trade on a discount to NAV and a historic p/e of 7. n MANX FINANCIAL Ticker MFX Sector Financial Services Market cap £9m Share price 9p BUY
12/6/2016
10:59
value viper: like it M1ke.......any reason you not on my more recently created thread ? I set it up hoping it may turn the share price at some point ?!
10/5/2016
15:37
value viper: maybe a new thread may change the direction of the share price
04/1/2016
18:26
castleford tiger: 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
10/3/2015
21:59
m1keg: Value of shares version 2 Who What Amount Date Loan Conv. Interest No.Conv. Conv. To L/W m Conv Rate Rate Per Yr Shares m Value m ---- ---- ------ ---- ---- ----- -------- -------- -------- JM L 0.50 2017 7.0 4.0 35000 12.50 0.50 JM L 1.25 2020 6.5 9.0 81000 13.89 1.25 JM W 8.30 2017 0 6.0 0 8.30 0.50 BL/JM L 1.20 2017 7.0 4.0 84000 30.00 1.20 BL/JM W 20.00 2017 0 6.0 0 20.50 1.20 SR/AB L 0.46 2020 6.5 9.0 30000 5.10 0.46 SR/AB W 8.30 2017 0 6.0 0 8.30 0.50 COC L 0.35 2017 5.0 0 17500 0 0 COC L 0.15 2017 5.0 0 7500 0 0 UP L 3.26 2019 5.3 0 173000 0 0 ------- ------- ------- 428000 98.09 5.61 Loan Conversion only 61.49 3.41 Total number of shares would be close to 200m if all the above shares converted. I cannot see how either JM or AB could convert anything like they have the options for without going over the 30 pct limit and would have to submit an offer for the company. If I leave the warrants to one side and just use the number of shares calculated by the fully diluted values in the annual report or sum of converted loans (approx 163m) the recalculated P/E values are: Our fully diluted P/E now is 12.5 / 0.98 = 12.755 which seems historically at least, fair value. You have to remember that the fully diluted P/E would bring the company some 3.41m which would add some 2.1p to the share price so really our fully diluted P/E as of now is (12.5 - 2.1) / 0.98 = 10.6 which is under the long term average and makes us undervalued. Assuming they can increase profit by 0.5m in 2015 and again in 2016 then if the rest stay the same and the market continues to undervalue the shares we would have P/E's of. 2015 (12.5 - 2.1) / 1.29 = 8.06 2016 (12.5 - 2.1) / 1.60 = 6.50 Share price in 2016 just on P/E 12-15 would be: Note: Made a mistake in last calculation here as well. P/E 12 = (1.6 * 12) + 2.1 = 21.3 P/E 15 = (1.6 * 15) + 2.1 = 26.1 P/E 20 = (1.6 * 20) + 2.1 = 34.1 How the warrants can affect these values is uncertain at the moment. Without a placing to increase number of shares to an unconnected person the warrants would seem not to be convertable without a offer to buy company. Not sure anybodies idea is to take this private? Maybe some kind person would ask at the AGM? Very Good long term hold in my opinion, even with uncertainty of warrants and lack of managements communication with shareholders or the world in general. I don't know enough about the bank capital side to have an idea when a dividend could be paid but that was JM's stated intention a couple of years ago. I've made so many mistakes in these calculations before I would double check the above and any assumptions I made. MikeG
08/9/2014
16:31
tom long1: Conversion won't have any effect on the share price as the shares are currently being valued on multiples of diluted P/E - even so MFX are undervalued by this measure as well as metrics for valuing a financial services company ie.Their closest peer 1PM and others are valued at 50% of their assets ; apply this to MFX and it should have a market cap of £50m - 3 times its current market cap. All I know is MFX had assets of £67m 2 yrs ago now they have assets of £102m, a cashpile of £5m and increasing profit heading for £2m a year. Whats going up ( MFX assets/margin ) Must eventually Go Up ( MFX share price )
09/1/2014
19:17
smithie6: How far will the price fall when they exercise them and produce large dilution ? Will it happen this month ? How much dilution will there be ? How far will the share price fall ? (shareholders wont be applauding so much on the day that happens and the share price tumbles......maybe they should read the accounts) ---- "Shares do not tend to drop in value when directors take options." Jim Mellon has 1.7M pounds debt, convertible at 4p....with warrants at 6p (written so that no one understands it !) 42.5 million shares at 4p and 28M at 6p say 70M shares. Mr A Banks 12M at 4p 8.3M at 6p = 20M = 90M in total imo (and you lot are all imo too dum to see it) Start loosening those trouser belts.....they might be along to reem shareholders at any moment ! ---- 90M news shares. "Shares do not tend to drop in value when directors take options." You sure ?!...wharghhhhhhh ---- ADVFN says that around 100M shares. If issue 90M new ones then current shares will be approx. 50% of the new total. So, if you own 1% of MFX now..1% of its assets, 1% of its annual profit..after the dilution you will own around 1/2% of those things. HALF. If you think that is good news for you, you must be nuts. ---- At current share price the cap. value would suddenly double if the share price stayed the same. Without any change to earnings or business. If cap. value and business and profits stay the same then the share price will approx. HALF. Enjoy. (the dirs. are not stupid so one assumes they will drip feed the conversion......but the end result is the same) --- imo one could argue that the ord. shareholders have been robbed by the issue of those large convertibles loans.
Manx Financial share price data is direct from the London Stock Exchange
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