Manx Telecom Share Discussion Threads

[speedsgh] 15/8/2014 13:37

mikemichael2 - the XD date won't be announced until the interim results are released on 25/9, but i'm guessing XD will be 1-3wks following the interims.

[mikemichael2] 15/8/2014 13:28

Yes but when do they go x div ?

[leeson31] 15/8/2014 11:05

from the 24th July's TU:

"As set out in the Company's admission document, the Board intends to pay a full year dividend for 2014 calculated as a 7% yield on the IPO placing price of 142p per share. In line with this intention, the Company intends to declare a maiden interim dividend at the half year results, payable in November 2014. "

:-)

[mikemichael2] 15/8/2014 10:57

When do these go x dividend.

[leeson31] 13/8/2014 15:14

i think buyers recognising the run down perhaps has ended...

at the moment, its above the 50mda but just below the 20mda.. ideally needs to get back above the 20mda

[casablanca4] 13/8/2014 15:11

up another few %. is there any news.

[mikemichael2] 13/8/2014 13:49

After tumbling down the hill in a few days, its time to climb back up carrying those two bags of coal. Might get back to £1.80 by Christmas.

[melody9999] 06/8/2014 13:16

wonder if the mm's are trying to mug a few people into selling at this level? all the 166.8 and 166.9 trades are buys - but being shown as sells with the spread at 168/166

[redbull6] 05/8/2014 12:37

The Bulls take the stairs, the Bears use the elevator.

[mikemichael2] 05/8/2014 10:37

This share lark is quite frustrating, month after month struggling up that hill with 2 bags of coal on your back, them BANG all the way down in a few days.

[mikemichael2] 04/8/2014 10:11

Not yet by the look of things.

[chrisg] 04/8/2014 08:29

Yes there is downside risk. I do hold here (and its not my smallest holding) but there is risk. As discussed just a few posts up on this thread, and as mentioned in the company's RNS on 24th July, their largest data centre client has been taken over by a foreign company. Let's be clear, it isn't certain that bad news will follow, but the company at least regards the event as significant enough to put it out in an RNS. And if you read the comments on this thread, it seems some local people are at least worried about the possibility.

I continue to hold, but to answer your question, yes I do see downside potential. But one can find downside in pretty much any share if you look for it. The question is whether you think the downside has been priced in. :-)

[casablanca4] 04/8/2014 00:47

Thinking this is solid and progressive , with likely steady medium term profit with decent likely dividend.
Anyone see any down side?
Good luck.

[trekker60] 31/7/2014 16:24

OK, thanks. Let's see what comes out on Sept 25.

[leeson31] 31/7/2014 15:40

well, to be honest, who ever knowws why a stock rises and falls, but, i do think the same as you, in that it rose in lieu of 4g launch, but not came off because of the iphone issue, but probably cos of profit takers.. bit like buy the rumour sell the news.. massive vols put it up though and share price down same amount but on lower vols

imo though, if the divi wasnt so high here then the share price would be more of capital growth stock, but given the high yield at 7pc from ipo price or ~4.8pc from current price, this wont ever be a capital growth stock.... maybe good for ~210p area, for a ~3pc divi yeild...

ps i do hold stock, purely for the divi and id be happy to breakeven on sale, post divi in due course.

cheers

[trekker60] 31/7/2014 15:32

Leeson 31:
You are obviously following MT more closely and have far better knowledge of the company than me.
In your opinion, was this week's 3-4p drop back to the current price probably down to the 4G problem you have just highlighted? And was the 3-4p move up immediately prior to that due to the 4G announcement or the two bits of news about major shareholdings - or a bit of both.
Any thoughts appreciated.

[leeson31] 31/7/2014 15:12

Manx Telecom has apologised to people whose phones may be 4G-ready, but who can't yet use its network.

When it launched the high-speed broadband service yesterday, iPhone users found they may have to wait two or three months to be able to use it.

Marketing director for MT, David Smith, says the circumstances are beyond the company's control, and he's sorry if people have been disappointed.

But he revealed the problems lie with the handset manufacturers rather than Manx Telecom's network:
-------------------------------------


always some kind of fk up lol

[trekker60] 25/7/2014 11:12

Leeson31: Thanks for the update and info.

Mikemichael2: Projected approx 6% divi for me as bought in at £1.62 but would be quite happy with that, particularly if the share price keeps inching up.

[mikemichael2] 25/7/2014 11:00

7% DIVI, great.

[leeson31] 25/7/2014 10:14

24 July 2014

Manx Telecom Plc

Pre-Close Trading Update

Manx Telecom Plc (AIM:MANX; the "Company"), the leading communication solutions provider on the Isle of Man, is pleased to announce its pre-close trading update ahead of its interim results for the six months ended 30 June 2014, due to be announced on 25 September 2014.

The Board confirms that trading during the first six months of the year is in-line with management expectations.

The Company's core domestic business has performed solidly during the period and it remains on track to increase availability of superfast VDSL broadband to 87% of homes and businesses by the end of 2014, up from 81% at start of May. In mobile, the roll out of the 4G network is on schedule with 95% population coverage and an official launch date of 29 July.

The Off-Island business continues to grow strongly with greater sales effort in the UK starting to show positive results. In particular, the strongest signal mobile roaming product Chameleon is seeing good traction with a wide range of critical markets including lone workers and the emergency services, with the M2M business also showing good year-on-year growth.

Phase one of the new GBP10m Tier 3 Greenhill Data Centre was completed in March and the first customer is now live in the centre. Negotiations continue with a number of interested parties over acquiring additional space.

On 13 June, it was announced that PokerStars, an important data centre customer, had been acquired by Canadian gambling equipment maker, Amaya Gaming Group Inc. The Board believes that the sale of PokerStars to an overseas company will not be a significant threat to the Isle of Man operation and may present further opportunities if Amaya seeks to invest in PokerStar's growth.

As set out in the Company's admission document, the Board intends to pay a full year dividend for 2014 calculated as a 7% yield on the IPO placing price of 142p per share. In line with this intention, the Company intends to declare a maiden interim dividend at the half year results, payable in November 2014.

----------


re PokerStars. they're a massive customer for MT over here in the IoM. imo, it's not so certain that MT will end up with Maya gaming plc investing more in pstars. most ppl i speak to all have a concern that pstars may move from the island.. though the co. hasnt stated anything one way or another. having said that, the pstars deal doesnt complete until september. .

[mikemichael2] 23/7/2014 13:08

Me 2, solid as a rock as well.

[trekker60] 22/7/2014 08:42

Anyone got any further information about the precise date in September the H1 results and maiden interim dividend will be announced? Can't see any such date on the company's website 'financial diary' page.
Most recent information I can find is the Chairman's Statement in April which said: "Therefore, the Board plans to declare a maiden interim dividend with the Company's results for the six months ending 30th June 2014, payable in November 2014. It is our intention to announce these results in September 2014."
For me, the potential dividend is the key attraction of this stock.

[aleman] 01/7/2014 10:13

Anyone have any idea why there was a modest vote against the auditors?

[aleman] 30/6/2014 14:29

AGM today. No news (yet) but it's nice to see the share price run up close to the target I set when looking a the chart a few weeks back.