Manx Telecom Share Discussion Threads

[cwa1] 04/8/2015 08:22

Excellent news and very positive IMHO. Building phase two of GDC secured. Also, to be rated so highly by Pokerstars, THE pre-eminent poker site out there, is an excellent accolade to have.

[leeson31] 15/7/2015 08:21

I got VDSL+ last week, running at 60meg! not bad! given for yrs we've ran at ~8m eg and before that just 2

[cwa1] 15/7/2015 07:44

All sounding reasonably solid:-

15 July 2015

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 2015, due to be announced on 14 September 2015.

The Board confirms that trading during the first six months has been in line with management expectations.

The Company's core domestic business has continued to perform solidly during the period and we have added additional products into the Broadband portfolio, namely "VDSL plus" superfast broadband, offering customers download speeds of up to 80 Mbps and upload speeds of up to 10 Mbps. Take up of VDSL services continues to grow with 25% of households who are able to take the service now taking the faster Broadband service.

Our 4G network, which provides 99% population coverage at speeds of up to 10 times faster than 3G services, is available to all contract and pay as you go customers who have a 4G compatible handset. Launched in July 2014, it continues to achieve high levels of customer satisfaction with adoption rates growing steadily across both our pay as you go and contract bases.

We continue to see good growth in our core Global Solution products in the M2M (machine to machine), critical connection and traveller markets, which has partially offset the anticipated decline in wholesale voice and SMS revenues.

The first phase of the Greenhill Data Centre is now at over 50% capacity. The confirmation of an anchor tenant has resulted in the commencement of work on the second phase of the Greenhill Data Centre, which is expected to be complete in Q4 2015 in readiness for the anchor tenant to move in. Revenue performance from the Data Centre business has been encouraging and in line with expectations, aided by higher levels of equipment revenue as new customers are installed.

The company is pleased to report that it has renegotiated its GBP80m credit facility on improved terms and extended the term to June 2020.

[trekker60] 22/4/2015 17:45

As far as I can see, this one seems to be doing pretty much what I originally bought it for (at £1.62) as a long-term hold 12 months ago - steady performance, bit of share price growth and decent income/yield. Anyone have any information/views to the contrary - or the same, come to that?

[wirralowl] 14/4/2015 16:31

Positive update on Shares website (think you probably have to be a subscriber?). Highlights the impressive reduction in net debt, together with strong cashflow of £29.1m, which comfortably covers the capex, pension deficit and dividend payments of around £18.8m in total. Forecast payout next year is 10.4p, according to Liberum, apparently.

[aleman] 14/4/2015 10:46

I don't see much happening after these dull results. I'd guess they'll probably drift slightly and trade in the 170-185p range from here so it's one to stick in the drawer and forget if you like income and fancy something which will probably ride out the next downturn reasonably, or you might take profits if you are more adventurous and want to hunt for capital gains elsewhere after a modest gain here. Despite probably staying rangebound until further news, they may take a slight dip in the next few months as they will probably fall out of the uptrend (post 134). That might be a top-up opportunity for the longer term income hunter.

Anyway, I have a pressing need for some cash and I have sold out this morning. Good luck to those who stick with it.

[cwa1] 14/4/2015 07:59

FWIW, Liberum have reiterated their BUY stance and 200P price target:-

[cwa1] 14/4/2015 07:33

Manx results:-



Manx Telecom Plc (AIM:MANX, the "Company"), the leading communication solutions provider on the Isle of Man, announces its results for the year ended 31 December 2014.

Financial Highlights
- Revenue of GBP79.3m, up 4.2% (2013: GBP76.0m)

-- Fixed line, Broadband and Data revenues grew 1.1% driven by good take-up of high speed broadband

-- Strong growth in Global Solutions revenue with a 23% increase as a result of increased wholesale volumes, machine-to-machine (M2M) and Strongest Signal Mobile (branded Chameleon) services revenue
-- Steady growth in Data Centre revenues, increasing 2.3%

-- Decline in Mobile revenues of 4.4%, as expected, due to a reduction in mobile termination rates

- As expected underlying EBITDA decreased moderately year on year to GBP27.1m due to the incremental costs of being a public company

- Continued strong cash generation with operational cash flow up 3.6% and cash conversion from underlying EBITDA greater than 100%.
- Net debt of GBP53.7m, equivalent to net debt/EBITDA ratio of 1.98x

- Final dividend of 6.6p, making 9.9p for the full year, representing a 7% yield on the IPO price of 142p

and

Mike Dee, CEO of Manx Telecom, said,

"We have made good progress over the year, with revenue growth driven by strong sales in Global Solutions, as well as positive take-up of high speed broadband on the island. After a slower than anticipated start the Greenhill Data Centre now has a number of new local customers ready to move in. This, and the continuing success of 4G, gives us confidence that the underlying strength in the business will continue in the year ahead."

Kevin Walsh, Non-Executive Chairman, added,

"The company remains committed to creating shareholder value through our dual strategy of defending our significant on-island presence, whilst seeking off-island opportunities to exploit and leverage our data centre and mobile infrastructure. During 2014, we successfully followed this strategy and will strive to do the same through 2015.

"We are delighted to be paying a final dividend of 6.6p, meeting the commitment given when the Company was admitted to AIM in February 2014. Together with the interim dividend, this constitutes a 7% yield for the full year based on our IPO placing price of 142p.

"Following the recent announcement of Mike Dee's intention to retire in H2 2015 I wish to thank Mike for 31 years' service and commitment to Manx Telecom. He will leave the company well positioned for the future and recruitment for his successor has commenced."

[aleman] 09/4/2015 16:42

The strong bounce off support suggests this uptrend is still intact. If so, that means we should be between 180p and 196p after the results. Anywhere in there is fine by me. I hope we see a healthy final dividend confirmed.


free stock charts from uk.advfn.com

[aleman] 09/4/2015 10:51

Final results are next Tuesday.

[melody9999] 23/2/2015 21:48

Winsome - I had a dig around after reading your post 130.

New regs on fixed line calls came in last Oct so might explain the MANX share price dip then.

Not sure how much difference new regs really makes though. Sure customers still have to pay the Manx fixed line rental charge. Previously users could access cheap calls using an access code in any case eg this service is on TalkTalk website. So new regs just make it easier to use. Maybe potential low impact is why share price recovered fairly quickly.

Sure have been around for quite a while on the Island so threat isn't new. They launched in the Isle of Man on the 3 June 2007. Throughout the island they offer Mobile and Broadband services to both business and residential clients, their mobile network is wholly owned and operated by them selves, broadband is wholesale purchased from the Island's principal communications company, Manx Telecom. Sure has permission to offer fixed-line telephone services across Manx Telecom's lines.

Sure launched their own 16Mb Broadband service in the Isle of Man on 1 November 2010 and on 1 September 2011 were the first Telecoms company to take pre-orders for VDSL2 (Supplied Wholesale from Manx Telecom) up to 40Mb broadband (2Mb up) which launched on 1 October 2011.

IMV Manx have a commanding position and I remain a holder.

[cyfran101] 22/2/2015 22:58

Winsome147. There is also the effect of the POC tax on the gaming sector too.

[winsome147] 20/2/2015 12:19

I'm new to this thread and I'm tempted to bail out of my MT shares now. I bought for the short term, realising that the govt has opened up competition on the island and Sure Telecoms is now going to take a huge slice out of the pie over the next few years. This won't hit 2014 profits but surely it will MT's reduce revenues and margins from 2015 onwards and possibly by up to 50%. Sure is already more competitive on pricing and it looks like MT is losing mobile users already. With no room to grow the pie on this small island surely MT is now a SELL??? MT's long held monopoly is over and its private equity owners sold at the right time.

[tournesol] 20/2/2015 08:14

Aberdeen Asset Managers have bought another million shares to add to the 5.2 million they already have.

[tournesol] 15/2/2015 18:05

trekker

I share your sentiments

like the previous poster I encountered Manx at the recent Cenkos/Shares Magazine bash and liked what I heard enough to buy some the next day.

I don;t think they will shoot the lights out, but I expect 6% dividends ad infinitum plus a modest level of capital growth - say another 4-5% - giving me 10% or more in the next year. That will be quite enough to justify my purchase.

T

[trekker60] 13/2/2015 08:30

Tournesol:

Ref your comment "the sold/bought figures do not actually relate to sales/buys": Yes, I understand that, hence the comment in my original email that "If today's LSE buy/sell figures are correct (and I appreciate that is quite often not the case)..".
But I had assumed sale/buy figures usually at least gave a rough idea of trend even if the actual figures were out.
Obviously not, though. As you say, "The thing that is absolutely reliable is the price action", although I would add the caveat "except where shorters, hedge funds, etc are manipulating the price" - but hopefully Manx is not the sort of share where that is likely to happen.
Anyhow, long as the overall direction of the price continues to nudge upwards and the projected dividend figures materialise, I'm happy.

[tournesol] 13/2/2015 00:00

Trekker

the sold/bought figures do not actually relate to sales/buys because the transaction data provided by the exchange does not classify transactions in that way.

What ADVFN and others do is simply compare the transaction price to the bid/offer spread at the time the transaction was recorded. If the tx price is closer to the bid than to the offer then it gets flagged as a sale, if not it's flagged as a buy.

When a transaction is recorded late and the price has changed since the transaction was dealt, then the flag stands a high chance of being incorrect. If someone has managed to deal well inside the spread then there is a chance the flag will be wrong.

In short the flag is just a rough and ready guess by ADVFN based on incomplete, inadequate and untimely data. It is entirely unreliable. The thing that is absolutely reliable is the price action. If price rises there is more buying than selling going on. And the same applies in reverse.

[trekker60] 10/2/2015 17:19

If today's LSE buy/sell figures are correct (and I appreciate that is quite often not the case), then Manx shares rose 2% today on a 'vol sold' figure of over 550,000 and a 'vol bought' figure of under 50,000. So, another day of higher than usual volume for this share and a rise on apparently much larger sells than buys. Anyone got any thoughts on this that they're happy to share?

[thewheeliedealer] 04/2/2015 21:23

Hi Everyone,

I visited the Shares/Cenkos Tech bash yesterday and I bashed out a Blog on the companies I spoke to - MANX were one of them. You can read the Blog at the link below and feel free to have a nose about my Website while you are there - I hope you like it !!

cheers, wd

[leeson31] 02/2/2015 04:21

what makes u think that? re miton...

[coolen] 01/2/2015 22:00

Large two-way trades over 3 days, mostly late-reported. The possibly bullish aspect is that the buyer paid up to 190p for lumps.

One wonders if the buyer is the Miton group ?

[leeson31] 30/1/2015 18:03

Dont know but vols were big on 28th...

[trekker60] 30/1/2015 15:50

This normally fairly stable share has been a bit volatile this week - up several pence and then almost straight back down again. Anyone have any theories as to why, other than mms just trying to drum up some extra business?