Share Name Share Symbol Market Type Share ISIN Share Description
Manx Telecom LSE:MANX London Ordinary Share IM00BHY3RF70 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +0.27% 188.00p 186.00p 190.00p 188.00p 187.50p 187.50p 22,464 10:23:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Fixed Line Telecommunications 80.8 8.8 7.8 24.0 212.83

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Date Time Title Posts
05/1/201808:52Manx Telecom PLC MANX238

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Manx Telecom Daily Update: Manx Telecom is listed in the Fixed Line Telecommunications sector of the London Stock Exchange with ticker MANX. The last closing price for Manx Telecom was 187.50p.
Manx Telecom has a 4 week average price of 183p and a 12 week average price of 183p.
The 1 year high share price is 208p while the 1 year low share price is currently 171.50p.
There are currently 113,209,787 shares in issue and the average daily traded volume is 114,079 shares. The market capitalisation of Manx Telecom is £212,834,399.56.
jonwig: An interesting idea in IC (Bearbull column): ... there is also something comical about the finance director of a quoted company being up on a soft-drugs offence. And one wonders to what extent the rumour of Mr Bakhshi’s misfortunes were behind the mysterious 16 per cent drop in the company’s share price in the six weeks to end-July even though Manx put out an acceptable trading statement during that spell. The Isle of Man’s dominant telecoms supplier – both fixed-line and mobile – traded in line with budget and management said nothing that would threaten maintenance of its 10.9p dividend, which generated a 6.3 per cent yield when the price was at its lowest. And, once the news emerged, the shares bounced; their price has recovered 12 per cent and is now back to 193p. So rumours were circulating and it turned out to be "only" hash.
jonwig: In this market, a share price rise of over 2% is quite a feat. EI - did you look, or miss a beat?
trekker60: I bought a small holding in these three years ago (shortly after the float) at £1.63 to put in my ISA, purely for the annual income of around 6% at that price. Still holding despite recent share price fall as my original thinking for buying still holds. Cannot see any reason for selling on fundamentals, particularly after Friday's little uptick in price - but then as a private investor it tends to be the 'unknown unknowns' which catch me out!
cwa1: Morning Joined the band here this morning. Been watching it for a while. Bit concerned by the constant falling over the past few months of the share price and wonder if that may be indicative of of some background issue that only us retail mugs don't know of?Or maybe a sizable seller in the background? Who knows...... Against that, the very recent update seemed satisfactory with what seem only minor issues. They also made a very strong and broad comment that cash flow was strong and the dividend was safe and sound for the foreseeable at least: Underlying cash flow remains strong, continuing to support our dividend policy. So on current forecasts of 11.5p for the dividend at my buying price of 173, that gives a very chunky yield of of about 6.6%. With earnings estimates of 14.7p they currently trade on a PER of around 8.5x. Also worth noting that they MAY qualify for BPR for IHT(please satisfy yourself before taking this as gospel!!). All in all there seems to be a worrying share price trend V decent fundamentals at the moment. Decisions, decisions....but on balance the fundamentals won out in the end for me. Good fortune to all holders.
coolen: From the Company: "There is a zero per cent corporate tax rate which applies to the vast majority of Manx Telecom's business and means that the Group currently pays no corporation tax on its annual profits. Manx Telecom is listed on the Alternative Investment Market" Do not disagree with the poor share price performance but the tax status should help cash flow, especially compared with others in the sector (cash flow having been of some concern). Aim status should mean 100% IHT exemption, perhaps ?
speedsgh: Manx Telecom yield ‘very attractive’ - HTTP:// Isle of Man telecommunications company Manx Telecom (MANX) is delivering consistently and the share price is moving towards a rerating. Liberum analyst Jason Holden retained his ‘buy’ recommendation but increased the target price from 214p to 236p. The shares were broadly flat at 213.7p yesterday. ‘A solid set of results for full-year 2015 which are generally in line with forecasts. The core domestic business continues to deliver predictable cash flows and supports the progressive dividend policy and yield,’ he said. ‘Through establishing a consistent record of delivery, we see the share price continuing its steady upwards rerating. We raise our target price 10% to 236p and view the current yield of c.5% as very attractive.’
trekker60: CWA1: Agree. From what I recall from previous posts by others better placed than me, the Pokerstars contract issue was one of the few significant 'known unknowns' hanging over Manx. So far, so good then. This one seems to be doing pretty much what I originally bought it for (at £1.62) as a long-term ISA account hold 16 months ago - steady performance, bit of share price growth and decent income/yield. Long may it continue!
trekker60: 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?
trekker60: I'm not an expert at reading financial statements but from what I can glean from today's statement, so far, so good. Bought this earlier this year at 1.64 as a potential core ISA account holding on hopes of a regular good dividend plus a little capital growth. If the proposed final dividend materialises, that would give me around a 6% yield for the first year. Add to that a 5% increase in share price (as of today, anyway) since I bought and that would be around 11% annual return. If the share achieved that every year, it would definitely being doing its job for me. Nothing is guaranteed of course. There's the known 'unknown' regarding whether major data centre customer Pokerstars will leave or, as Manx indicates/hopes in its latest results statement, even expands its presence. Then there's all the unknown 'unknowns'. But in the current market climate, this seems as reasonable bet for steady performance as anything else.
trekker60: Mike Stamp:I am not alone !! I wouldn't worry too much even if you were! In my experience, a very active BB often means a volatile share price with hoards of rampers and derampers trying to sway the market. I've bought a few shares in this one for my ISA as a potential long-term hold based almost entirely on dividend prospects, with any share price increase a welcome bonus. So I'm happy to see the price remain stable and eventually nudge upwards - which if we're lucky, might even happen sooner rather than later if the steady buying of recent days continues.
Manx Telecom share price data is direct from the London Stock Exchange
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