results due Maybe this week if the directors are not away to sign off.can we expect an increase on last years 1 million?Even without it ,NAV should increase pro rata as no dividend has been paid.The issue of the extra shares looks likely to need sorting very soon.Company still doing good business just need them to deliver to shareholders now.tiger
Re: what holding in BILL Tiger,Care to share what you heard?
Re: what holding in BILL [link] the technical chart people (cannot believe that mu**et's is a banned word) are having a pop!
Re: what holding in BILL I know I closed my spread bet I'd had waiting for the day at 6.25! Still got the main chunk in my SIPP and I agree that 8-10p should be achievable in medium term.It would be nice if Jim had actually mapped out a strategy on both subjects in their annual report instead of saying some words or other at the AGM that have no consequence or comeback. Might make me more believe they give a damm. The share price usually gets the old "We have a cunning plan" mention somewhere but this year they just gave up the charade. Mind you if the share price goes up this year you can guarentee it will be mentioned! See top of the bill statement in 2013's annual report. Whow 18p.. As opposed to the destruction to 9p now.The fact is that the potential dilution is the great uncertainty in buying into this share followed by the percieved looking after their own mentality. The Neds should hang their collective heads in shame for not having the gonads to get some action on this and protect all the shareholders. They are supposed to be of such upstanding character and morals that they are the exception to the rule of Turkeys voting for Christmas. Guess human nature just gets in the way....I'm still buying at these levels because Mr Kelly seems to have a way of running a bank that makes increasing amounts of money, eventually somebody at the top will get the idea that giving some of that back to shareholders via a dividend or share value might be a good idea.
Re: what holding in BILL THANKS.THEY WERE up 40% yesterday and should double at least this year.I am told at the AGM JM had plenty to say about the options and a dividend.tiger
Re: what holding in BILL From the 2015 Report. I assume these are the shares in Bill as the figures roughly agree.During the year the Group was exposed to market price risk through holding available for sale financial instruments, and a financial asset carried at fair value through profit and loss. The only significant exposure relates to the financial asset carried at fair value through profit and loss, which is an equity investment stated at market value. Given the size of this holding, which was £77,000 at 31December 2015 (2014: £47,000) the potential impact on the results of the Group is relatively small and no sensitivity analysis has been provided for the market price risk.So fair value not zero.
Re: what holding in BILL About 85 to 100k in value based on todays market price.Are they in the balance sheet at zero value?Thank you for that information.tiger
Re: what holding in BILL 1.7m
what holding in BILL Do MFX STILL HOLD?t
agm Did anyone make it to report.tiger
Re: results Everyone wants to make a profit. Part of the deal when you float a company is that the Directors also act as stewards concerned for the interests of all shareholders. In my view the Directors had to do what they did then, albeit it has caused a bad taste. If they were daft enough to continue to do it now, it would be against the economic interests of the current shareholders, and since they are also shareholders, I would have thought that the generation of trust in the investment community is of paramount importance economically for them and us. Moving past that, it would be great to see a more aggressive plan for growth from the company, backed up by an equity raise to increase the size of the lending book. No more convertibles please.
Re: results Roundish, they are such smart people that, on past performance, I wouldn't put it past them to have MFX issue more debt with options to convert at 8.5p or lower. jammy
Re: started buying again. Looks like the Directors think its good value too.............Tiger
started buying again. just looks to have gone too far.even with 160 million shares the NAV would be 16 million ( current value plus cash loans for share swop)................plus saving about 220k pASo 2.5 profit this year very possible.just looks too cheap to me.tiger
Re: results No news but heavy trades all very odd after good results.