Re: nibbling a few more/AND AGAIN Why would the BOD do that?They are pretty pointless TBH and we could of all bought stock at 4 and 5p.I think with 2 million profit the company is undervalued.A dividend policy may be nice if they pay out 50% of earnings we could be getting a 10% dividend.Tiger
Re: nibbling a few more/AND AGAIN but could he grant himself more options - which could explain why price seems deliberately held down?
Re: nibbling a few more/AND AGAIN He cannot own more than 29.99% without making an offer is my understanding . Tiger
Re: nibbling a few more/AND AGAIN Tiger, please can you expand on the options not being able to go above 30%.Jammy
Re: nibbling a few more/AND AGAIN still under 3% KCM I don't want that.EPS will be 2.00 p this year ending Dec so looks far too cheap.the options cannot be excersised as they cannot go over 30%.They are rather pointless unless we sell the group and that's worth 30p a share in my opinion.tiger
Re: nibbling a few more/AND AGAIN You still buying , guess your after a seat on the board now you have more than 3%
Re: nibbling a few more/AND AGAIN Its slow but be worth it soon.tiger
nibbling a few more 50k at 10.98 and anything under 11 is going in my portfolio.tiger
From the Daily Mail Dealers believe Manx Financial Group, 0.25p off at 12.38p, deserves a re-rating. Recent interims were good and the board is on the acquisition trail. That is likely to be in the UK broker market to tap the large Isle of Man deposits base. Perhaps it could have a say in broker Novums future, which is rumoured to be at the top of Zeus Capitals shopping list. Jim Mellon and Ukip founder Arron Banks are major Manx shareholders
Re: dont be fooled Will they give me 15p ?
dont be fooled 2500 shares only available at 13.25 and MM wanting 150k blocks at ABOVE the bid price.Going up they have to.tiger
Re: Market has this wrong Surely now with these results and at this SP these shares must be a strong buy ?
Re: Market has this wrong sp has liile relation to fair value.trouble being there are too many shares - and most of them in wrong hands for any small private s/holder to expect much chance of fair play.
Market has this wrong At some point it will revalue to 25 p which is fair value based on profits over 2million aheadTiger
Results - Good Manx Financial Group PLC Unaudited Interim Results for the 6 months ended 30 June 2015 Manx Financial Group PLC (LSE: MFX), the financial services Group which includes Conister Bank Limited, Conister Card Services Limited, and Edgewater Associates Limited, presents its interim results for the six months ended 30 June 2015. Copies of the Interim Report will shortly be available on our website www.mfg.im. Financial Highlights Profit before tax: £1.01 million - up 33% (2014: £0.76 million) Net interest income: £6.87 million - up 36% (2014: £5.05 million) Operating income: £4.53 million - up 19% (2014: £3.8 million) Total assets: £126.17 million - up 24% (2014: £101.68 million) Loans: £92.53 million - up 11% (2014: £83.07 million) Customer accounts: £105.67 million - up 25% (2014: £84.51 million) Total equity: £10.89 million - up 18% (2014: £9.25 million) Contacts: Manx Financial Group PLC Denham Eke, Chief ExecutiveTel: +44 (0)1624 694694 Britton Financial PRTim BlackstoneTel: +44 (0)7957 140416 Beaumont Cornish LimitedRoland Cornish/Felicity GeidtTel: +44 (0)20 7628 3396 The financial information set out below comprises non-statutory accounts. The financial information has been extracted from published accounts for the six months ended 30 June 2015. Dear Shareholders, 2015 Group Interim ResultsI am pleased to announce that 2015 produced another record interim profit before income tax of £1.01 million (2014: £0.76 million), a growth of 33%. After taxation, the profit for the period was £0.89 million (2014: £0.72 million), a growth of 23%. As a result, our basic earnings per share were 0.87 pence (2014: 0.71 pence) and 0.54 pence on a fully diluted basis (2014: 0.47 pence). Our total assets stand at £126.17 million (2014: £101.68 million) and shareholder equity stands at £10.89 million (2014: £9.25 million), a growth of 24% and 18% respectively. On an annualised basis, our return on equity at 16.3% shows a continued improvement (2014 full year: 15.6%). Manx Financial Group PLCOur main operating subsidiaries, Conister Bank Limited and Edgewater Associates Limited, continue to show excellent growth. In the last twelve months the Group has also been incubating new business streams to extend and diversify our product range. In particular, we have formed Manx FX Limited to provide commercial foreign exchange broking solutions; Manx Financial Solutions PCC plc to provide retail and commercial loan broking services; Manx Incahoot Limited to provide alternative payment solutions for both the public and private sectors; and Manx Financial Limited, a partnership to provide asset finance backed by our own capital. All these initiatives are still in their infancy and we believe they will make a positive contribution to the Group's performance in the coming years. The set-up costs for each of these operations have already been expensed within the first half. Our strategy, however, is not only driven by a reliance on organic growth as we continue to look for suitable acquisitions and partnerships to provide an incremental business fit. In the UK, consumer finance industry regulation changed from 1 April 2014 and the Financial Conduct Authority replaced the Office of Fair Trading as the new regulator of consumer credit related undertakings. The Group has Interim Permissions for all subsidiaries engaged in this activity. We submitted our initial application for Full Authorisation on behalf of Conister Bank in May 2015, which will be followed by applications for the remaining subsidiaries in the second half of 2015. All our applications will be dealt with under a six month authorisation process. Providing the utmost quality of service and treating customers fair