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
  0.00 0.0% 8.25 213 08:00:00
Bid Price Offer Price High Price Low Price Open Price
7.50 9.00 8.25 8.25 8.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 2.02 1.65 5.0 11
Last Trade Time Trade Type Trade Size Trade Price Currency
10:40:28 O 213 8.49 GBX

Manx Financial (MFX) Latest News

More Manx Financial News
Manx Financial Investors    Manx Financial Takeover Rumours

Manx Financial (MFX) Discussions and Chat

Manx Financial (MFX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Manx Financial trades in real-time

Manx Financial (MFX) Top Chat Posts

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 8.25p.
Manx Financial Group Plc has a 4 week average price of 7.50p and a 12 week average price of 7.50p.
The 1 year high share price is 9.75p while the 1 year low share price is currently 6.25p.
There are currently 131,096,235 shares in issue and the average daily traded volume is 38,026 shares. The market capitalisation of Manx Financial Group Plc is £10,815,439.39.
tigletpiglet: Finally out of this dog of an illiquid stock. Only got myself to blame following someone into it without enough research. Would never have bought if I'd realised how difficult to exit. Even a tiny sale moves the share price down. Good luck to those of you who remain. TP
marmar80: They are not trading on the main market so hard to trade them. Very illiquid share. Something that the BoD should focus on is to upgrade it to the SETS trading system, but this will cost them more.
spangle93: If as we're taught "The stock market is a device for transferring money from the impatient to the patient" this share is all well and good, but that aphorism doesn't cover what the impatient could have done with alternatives! Just how patient does one need to be? Sorry, the post doesn't add much, I was just letting out a little frustration. I should be more positive... er... "at least there was no capital gain to worry about in 2020-21"
smithie6: btw anyone have a rough idea how much money Jim Mellon has received from MFX as a director over the years (10 years at £250k/yr, £ 2.5 million ??) & how that compares with how much shareholders have received (0 ??) ?
castleford tiger: I THINK THE PRICE WAS AGREED based on the NAV and to move things forward. I have seen an investor be paid out above the market price on many occasions. The shares were then put in treasury right? tiger
smithie6: any divi must be paid from the accounts of the top level holding company I understand & can't be paid from a subsidiary I understand the company accounts (different than the consolidated group accounts) show a P& L number of -£9.8 million, page 39. (& this entry is equivalent to retained profits imo) so, no "cash" divi looks likely/possible until after perhaps a handful of solar storm cycles !! (about 1 generation in human terms!) (a scrip divi instead ? a scrip divi with no cash alternative is of course not a real divi at all & provides 0.0000 return to shareholders. (if the scrip is 5% in shares, the share price falls by 5%, & nett gain = 0. ; if the scrip is 10% then the share price falls ~10% & nett gain = 0. ======= the only solution imo would phps some be a reorganisation of capital (which I am sure would never get court approval) or a transfer from a subsidiary to the top level holding company to bump up the company P & L number, but I'm not sure how that could happen in practice. (& moving profit (& hence cash) from the registered IoM bank would probably be impossible at the moment because of the reqt. to hold > X % of liquid assets in the bank division/subsidiary to keep regulators (& bank clients !) happy. ----- any opinions, am I wrong ??
smithie6: incest at MFX ? ---- The MD of MFX is D.Eke, & J.Mellon is the exec chairman. "Denham Eke is the Managing Director of Burnbrae Group Limited, a private international asset management company." Burnbrae is the private investment vehicle of the exec. chairman Jim Mellon. ---- the CEO of another company sits on the board of MFX as a non-exec & Jim Mellon sits on the board of that other co. as a non- exec. !! very housy housy ------ Do these back scratching tie ups not break the regulations ? The board imo has far too many incestous type ties to allow board members to be independant & to make decisions which comply with the Company Act 2006 (ie. prudent decisions for the benefit of all shareholders.....rather than skewed towards benefitting the 2-3 biggest shareholders who control the voting shares).....directors are there to safeguard the interests of all shareholders....&; there should not doubts about their independence wrt other directors. Is J.Mellon really an executive director or is he just that in name & pocketting the cash ? (I assume/guess he has no banking qualification nor authorisation & with his trips around the world & numerous other ventures & books & articles & investing presentations is unable phps to do the work of an exec. at MFX....& has he phps invested to jointly control MFX in order to get a % return on that cash invested via the pay as an exec. dir. ? (45k + expenses) Can the MD D.Eke really carry out the numerous tasks as the exec. MD of a group including a public bank & listed company with the public as shareholders when he is also the MD for a sizeable & active investment company, Burnbrae, owned by the exec chairman of MFX. And does it break the regulations that the MD of a group including a public bank is arguably a puppet on strings for J.Mellon because JM is the exec. chairman & also the employer of D.Eke at Burnbrae. ..imo it is fairly clear that D.Eke could not oppose J.Mellon or he would lose his job at Burnbrae & probably also at MFX. (& why have an exec chairman at all ? at most micro cap companies on AIM there is an exec. MD & an exec. FD , just 2 execs, with a non-exec. chairman, so, should J.Mellon be non-exec rather than an exec. ?) Did any of the above notes have any input to Mr Banks selling all his shares to MFX & getting out ?? (I recall that there have also been complaints by many ppl about the numerous related party transactions at MFX, some of which have been high payments for introducing borrowers, £3.6 million in 2020 !) ---- & the main business of MFX is I think Conister Bank ...& yet neither J.Mellon nor D.Eke are the MD nor chairman of Conister bank, yet JM & D.E. are the 2 main execs at MFX (& on high wages)...doesn't make sense imo. ---- a fact that supports my argument is that J.Mellon only attended 4/6 board meetings yet officially he was/is the highest ranking board member !! :-((
castleford tiger: the butler I am not sure its moaning! I am trying to get company to work with the owners of the business. The NAV is almost 3x the share price and at some point this will turn and make money, This is but a fraction of my portfolio but I am not a quitter. The dividend is coming and hopefully a brighter future. #tiger
m1keg: Tiger, I find it slightly strange that a company that I feel is being well run, says it is mindfull of the shareholders plight of a poor share price and then goes ahead and chucks out numbers that should obviously be shared with all shareholders, instead chooses a news blog! Jim is the "Executive" chairman and he needs to apologise for the mistake. If he can tear himself away from the spanish pool or latest book venture. He also needs to be aware that us small people do not have access to a script dividend because the financial industry have deemed it an "onerous cost" for them. I hate them with a vengeance but its impossible to act without them.
davidonchanman: I understand the frustration and the low share price, but I have to give DE until the end of the year to pay / resolve the dividend issue and then see if this ups the share price / value. It needs something to happen, does anyone think that any single NED would be in a position to do anything, also the new marketing team have been engaged, but yet to see any results or marketing literature etc. David
Manx Financial share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Manx Finan..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210513 16:37:43