CASTLEFORD TIGER
23 May 2018
AGM Tomorrow I expect that we have maintained the second half and outlook is good. Shares may well move up ( but then again) its MFXTiger
CASTLEFORD TIGER
03 May 2018
ALL I could buy was a poxy 10k shares at the asking price of 12.30p then they wanted 13pEver hopeful tiger
CASTLEFORD TIGER
02 May 2018
down a bit would be happy to buy at 12.30 if availableHowever I think I might be strugglingTiger
dandigirl
02 May 2018
Re: dandigirl ... PCF.L - another nice little banking share you might like to take a look at? Results out later this month. It has just moved above its 12 month high. I hold quite a few FWIW.
SeasideHippo
16 Apr 2018
Re: dandigirl Was that a purr or a growl Tiger?Another sign things are looking up imo
dandigirl
15 Apr 2018
Re: dandigirl Thank you.I wish you and all your fellow shareholders all the very best.I am intrigued by MFX - I wish I had more time to review last year's financials, especially the assets.I shall be watching as you make your fortune.Best wishesdP.S. and those short term loans do not qualify as being part of the ""regulatory capital"". Smiley face here!
CASTLEFORD TIGER
14 Apr 2018
dandigirl Furthermore should 2018 show NO growth the pre tax may well be 3.8mThe first half last year was 900k and 1.9 in the second half.So just a flat year gets me to the above year.However I think that there is another 20% growth so I am going for 2 million in the first half.TBH the 25p target price could arrive sooner than I thought.Some big trades yesterday and the shares are so hard to buyTiger
CASTLEFORD TIGER
13 Apr 2018
Re: Sorry was away with eps 2.5 THIS YEAR which should be at least 20p and possibly 25p.After a good year we will have cleared the balance sheet and be able to pay dividends againtiger
IOMINVESTCOM
13 Apr 2018
Re: Sorry was away Just looked at the 5yr Monthly chart on iii focusing on early 2014 after 14p broke it quickly moved within a 15-17 price range with quite a bit of congestion around 16p.Would agree with your earlier comments that the company has moved into a better position now to then. I last sold some at 18p in Feb 14 and will be keen to watch if we ever see those highs taken out again.atb
CASTLEFORD TIGER
13 Apr 2018
Re: Sorry was away 15 to buy and just 25k available then its 16pMarket looking for stocktiger
IOMINVESTCOM
13 Apr 2018
Re: Sorry was away Hi CT,Looks like MFX SP show some signs of strength over the last couple of days.Will be interesting to see how the price re-acts around and above the 14p level.Keep the faith.atb
CASTLEFORD TIGER
12 Apr 2018
Sorry was away So unable to answer. Firstly my quote this must be worth 25p ?Clearly this stimulated some comments. My 25 p was based on 10x eps which may well be circa 2.5p this year possibly higher. The company has a strong asset base and is the no 1 in the IOMSomeone paid a large premium for a stake the price has since climbed back to that level. Buying the shares is hard as they are tightly held but in my opinion they are still undervalued as the market cap was lower than NAVThat leaves thebusiness valued at zero. Over the last few years the company has turned a corner and as can be seen today the price is now moving. Yes the BOD need to share these to all holders and not just the directors. I did put a ? After my statement but I do feel we are heading there. Been in these years and it’s time we got a reward. As ever it’s my view and I am a declared holderTiger
Eagerbeaver66
06 Apr 2018
Re: It is as I said I'd agree with Dandigirl here, too many related party transactions - which divert gains over to the key players while leaving the risks disproportionately with the shareholders.- And why would they want to take over the company when they can collect the gain without having to take on the downside risk? - until those profits are safely in the bag and they are ready to collect (at 8p a share!)- Reminds me too much of one of the 'Chinese' companies!But Good luck all!
M1keG
05 Apr 2018
Savings rate increase Don't follow this all the time but I think the bank is now offering a greater return on savings than a short time ago? 2.75 v 1.75 if I remember correctly. If it already had excess liquidity, re Annual report, then they must really be ramping up amounts going into the new business.
M1keG
31 Mar 2018
Re: It is as I said I can understand the plaything and jobs for the boys thing but they have had years to take it over if that was the way they felt. There are really only two loans that are to the main shareholders and they have been on the books for a long time, from when they injected capital into the bank and saved it. The fact that the group gives the bank subordinated loans will be one, a way of increasing capital and two a method to extract profit back up to the group. My understanding is that banks pay 10pct tax in IOM the group probably pays none.The Group made 2.5m profit so its not doing that badly, the problem is and has been its growing faster than the internal rate of capital increase. Its needs external capital to shift gears, the latest purchase in the UK and the terms of that purchase make the capital raise a priority.Its not going to be a whizz bang share price rise but steady gains over the next 5 years will be OK by me.
