jamanytime
03 Mar 2016
results Great results but as usual no great shakes for private shareholders. Its worth comparing this share to PCF which is a similar company and has had similar great results and growth over the last few years. Maybe the following from the account statement are the reasons behind this. JM - Two loans, one of £500,000 maturing on 31 July 2017 with interest payable of 7.0% per annum, and one of £1,250,000 maturing on 26 February 2020, paying interest of 6.5% per annum. Both loans are convertible at the rate of 4 pence and 9 pence respectively. JM is also entitled to 8.3 million warrants at an exercise price of 6 pence which lapse on 31 July 2017. BL - One loan consisting of £1,200,000 maturing on 31 July 2017 with interest payable of 7.0% per annum. Jim Mellon is the beneficial owner of BL and Denham Eke is also a director. The loan is convertible at a rate of 4 pence. BL is also entitled to 20 million warrants at an exercise price of 6 pence which lapse on 31 July 2017. SR - One loan consisting of £460,000 maturing on 26 February 2020 with interest payable of 6.5% per annum. The loan is convertible at a rate of 9 pence. SR is also entitled to 8.3 million warrants on a previously converted loan note at an exercise price of 6 pence which lapse on 24 October 2017. Arron Banks is a non-executive director and is a major shareholder of SR. John Banks, a Non-executive Director is also a director of SR. LS - One loan of £350,000 maturing on 5 September 2017 with interest payable of 5.0% per annum, and another loan of £150,000 maturing on 3 October 2017 paying interest of 5.0% per annum. Denham Eke is a director of LS. UP - Fifteen loans consisting of an average £223,667, with an average interest payable of 5.6% per annum. The earliest maturity date is 14 July 2016 and the latest maturity is 25 November 2020. With respect to the convertible loans, the interest rate applied was deemed by the Directors to be equivalent to the market rate with no conversion option.
IOMINVESTCOM
03 Mar 2016
Re: Come on share price wakey, wakey Hi K.C.M>>Don't think there is an appetite for small stocks these daysI would agree with that comment and especially this small cap.>>Shoot me downI can have what you are on that makes things so positive....80) That's very much wishful thinking as was me thinking MFX could return back to 18p from end of Feb14ATB
KEEPING CALM MIKE
03 Mar 2016
Re: Come on share price wakey, wakey Dont think there is an appetite for small stocks these days , but to think of it the Banking Licenses they have must have some Value, what if some wealthy middle east Investor wanted to own a BANK , could they make a run on Manx !!!! Probably way off the mark , but just a what if Question, ready for you all to shoot me down !!! K.C.M.
IOMINVESTCOM
03 Mar 2016
Come on share price wakey, wakey Look a very good set of results for MFX and see we got 2.06 eps and early I know this morning but let's hope the share price wakes up to track the EPS and re-rate. I don't think we are likely to arrive with the previously mentioned PE of 15 ie 20+ share price.Love to be proved wrong as a share holder but maybe just too small a company to get noticed & invest in.Share price pretty much unchanged at 11.75 / 12.75 on these results ........wakey, wakey!!ATB
IOMINVESTCOM
02 Mar 2016
Re: A sign? Thanks for posting - Will have eager eye on share trades this afternoon ahead of tomorrow.ATB
SeasideHippo
02 Mar 2016
Re: A sign? Received another e-mail at 18
2hrs yesterday saying results now Thursday.Apologies if people set their alarms for this morning.GLA
M1keG
02 Mar 2016
Re: A sign? Best laid plans and all that?
SeasideHippo
01 Mar 2016
Re: A sign? Hi Tiger,Company Secretary confirmed to me today by email "I can confirm we are expecting to announce tomorrow"GLA
CASTLEFORD TIGER
29 Feb 2016
Re: A sign? Looks like later results than last year. May be a valid reason the bOD haveBut guys share it with us. I stand by my 2.2 to 2.3 million Tiger
SeasideHippo
29 Feb 2016
A sign? Large spread and eerily quiet (like just before an earthquake)!Any thoughts?
M1keG
23 Feb 2016
Re: Showing some signs of life?? Me neither really, though it was Mr Mellons stated position 4-5 years ago. A token start would be nice to indicate direction though.I think they may need to retain profit to ensure core capital grows to sustain further growth or is available for acquisitions..
CASTLEFORD TIGER
23 Feb 2016
Re: Showing some signs of life?? I don't see a Dividend.tiger
M1keG
22 Feb 2016
Re: Showing some signs of life?? I'll see your 2.3m and raise you a 0.5p dividend.
CASTLEFORD TIGER
22 Feb 2016
Re: Showing some signs of life?? Funny when I called them they said they were unsure.I am going high.2.30 milliontiger
SeasideHippo
22 Feb 2016
Re: Showing some signs of life?? Hi Tiger,As per website "next annual report 2/3/16"FWIW I'm going £2.1m - should we have a sweepstake?Cheers Hippo
