Roundish
09 Apr 2016
Re: results Dear JamAnyTime,I am an investor in both businesses and am clearly happier with PCF than Manx given the growth in SP.Having said that, in my opinion Manx has a great potential future albeit that the Board need to decide to enable that. The bank needs the appropriate strategy, capital and modern systems to be able to succeed in the current market. Instead it has been allowed to bumble along without any serious investment. i would prefer to see a more enlightened growth focused approach by the Board. The constraints they have are around capital are easy to solve as a public company if you have a strategy people believe in and which is not seen as purely self serving. External stakeholders need to know (and evidence) that the company has their interest at heart too and it is clear from reading this BB and the lack of serious IIs that this company lacks serious support in the market today. It is important that Manx is seen as more than a private "piggy bank". Having said that, I do appreciate that the bank got into difficulties some time ago and it was hence incumbent on individuals/directors connected with the bank to help support it in the short term. The terms were probably commercial given it was a small business and high risk at that time. I can't imagine many VC's offering better terms and clearly institutional support was low given some of the problems were self inflicted. That was then and this is now. There is no doubt that some of the Board are very smart business people. It would be good to see the Directors collectively apply more of their business acumen to Manx (and not just their more lucrative business interests). This is increasingly looking like a story of neglect and it could so easily be a success story and a great new "challenger" bank if the Directors decide to roll their sleeves up and treat it as the true opportunity it is. If they aren't prepared to do that, please sell it to someone who will since the employees, the shareholders and the customers deserve it. Roundish
CASTLEFORD TIGER
24 Mar 2016
pretty serious fall on those results tiger
SeasideHippo
24 Mar 2016
Re: NEW 2.5 YEAR LOW Any thoughts Tiger, Distressed seller; placing; tree shake prior to news? I would think we will be finding out soon enough. Hopefully no RNS today.Cheers Hippo
CASTLEFORD TIGER
24 Mar 2016
Re: NEW 2.5 YEAR LOW I guess a sell.tiger
SeasideHippo
23 Mar 2016
Re: NEW 2.5 YEAR LOW I agree Tiger wide movements in intra day SP is very strange although I get the impression there is a buyer(s) about. Was the delayed 250k a buy or sell in your opinion? CheersHippo
IOMINVESTCOM
23 Mar 2016
Re: NEW 2.5 YEAR LOW Too small market cap, illiquid & under everyone's radar.Wished I had sold all in Feb14 at 18p rather than just selling half. Cr...ap investment. I know I have free shares left but soon even they will be worthless....80(Waiting for opportunity to exit and move on.ATB
CASTLEFORD TIGER
23 Mar 2016
NEW 2.5 YEAR LOW I really don't get this.tiger
SeasideHippo
22 Mar 2016
Any thoughts as to why the sudden drop in SP?
CASTLEFORD TIGER
07 Mar 2016
Re: Come on share price wakey, wakey pathetic............clearly only the BOD to blame and the silly options.tiger
IOMINVESTCOM
07 Mar 2016
Re: Come on share price wakey, wakey Disappointingly weak after results
CASTLEFORD TIGER
04 Mar 2016
Re: results I am going to stop defending them.......but Jim cannot buy the options.tiger
jamanytime
04 Mar 2016
Re: results yes I'd agree with that sentiment.Tiger has said many times that any of us could have bought at 4p and while that might be true for a few thousand pounds worth, anyone trying to get there hands on several millions pounds worth of shares would have sent the share price rocketing. I'm surprised such convertible loans are legal and when exercised like this by a chief executive with privy information, make a mockery of a listed share.
Eagerbeaver66
03 Mar 2016
Re: results They're not obliged to bid, and the free float will still be above 25% so they are ok to stay on AIM. (Remember that Wilder took over 50% of VCP and didn't have to bid). There won't be pass out dividends until after the loan notes are converted (which total around 50% of the outstanding share capital, I think), when they do convert the loan notes, I imagine they will exert majority control and can do what they like - which will be to continue dividing up company profits between themselves. - I left these a long time ago.
jamanytime
03 Mar 2016
Re: results So Tiger, please explain what else it is that keeps a cap on this share? As there are several beneficiaries to the loan notes could each not have up to 30% each of the company?
CASTLEFORD TIGER
03 Mar 2016
Re: results I think the rates were too high and the options too generous. Argued this before.However at the time the company needed the money.All that said I cannot see how the shares can be bought if not sold as over 30% and they are required to bid for the company.tiger
