(MFX) Manx Financial

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02-05-13	Re: Results	Athletico Brtnmill


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That does not surprise me More View thread 4 Respond Login to Vote up
02-05-13	Re: Results	CASTLEFORD TIGER


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There are a few balls still up in the air!! Tiger More View thread 4 Respond Login to Vote up
01-05-13	Re: Results	TonyDeadeye


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Up until yesterday the MFX website ...... http://www.mfg.im/irhome ..... stated 3/5/2013 (this Friday) but today it's simply been changed to "5/13" which I assume means "any time in May!". The RNS released on 21/3/13 included the statement - "The Company anticipates publishing its audited accounts for the year to 31 December 2012 in April 2013", which has been and gone, so it's anyone's guess! More View thread 4 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
01-05-13	Buy Results	xfsj76


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Anyone know when the results are due out - cannot find this info anywhere short of contacting MFX. Looks like turnaround time is here at last. Many thanks for any info on results. More View thread 4 Respond Login to Vote up
01-05-13	Re: results	CASTLEFORD TIGER


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outlook is getting better month by month. These numbers may be spoilt by exc items but we could be making 2 million plus a year by 2014 Tiger More View thread 3 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
01-05-13	Re: results	z34


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Buyers in at 8p lets hope the outlooks good. More View thread 3 Respond Login to Vote up
26-04-13	Re: Manx Financial - New Funding Agreeme...	Athletico Brtnmill


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Book has to grow to generate the profit and that requires capital. More View thread 6 Respond Login to Vote up
26-04-13	results	CASTLEFORD TIGER


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I think for last year will be spoilt by excp items. However going forward I can see a million profit this year at least. Comment in the Times yesterday tiger More View thread 3 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
26-04-13	Re: Manx Financial - New Funding Agreeme...	z34


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The loan book growth must be positive going forward. With little to pay in interest to depositors on the IOM 1.4% for 1 year & 2% for 2 years the bank should be able to increase it's profit going forward. The results for last year we hope will show an improved second half after the staff reductions & savings. More View thread 6 Respond Login to Vote up
25-04-13	Re: Manx Financial - New Funding Agreeme...	TonyDeadeye	1


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I hope you're right, Tiger. But I don't like these "pre-results" announcements of which I've seen many times before from AIM companies before disappointing results. I continue to observe ..... still cannot understand why MFX with such a simple business model cannot release its year end results well before now. In the circumstances, I would rather buy in at 10p per share on the back of "very good results" rather the the perceived current pre-results "bargain" of 7p. Watching and waiting. GLA More View thread 6 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
25-04-13	Re: Manx Financial - New Funding Agreeme...	CASTLEFORD TIGER	1


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The news will keep coming. Under 10p a steal. that's my opinion. tiger More View thread 6 Respond Login to Vote up
25-04-13	Hold Re: Manx Financial - New Funding Agreeme...	Athletico Brtnmill


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Shared distribution = shared profits. Conister needs to grow and grow fast and that will constrained by regualtory capital. Still too small More View thread 6 Respond Login to Vote up
25-04-13	Manx Financial - New Funding Agreement	IOMINVESTCOM	2


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Manx Financial - New Funding Agreement 1 Days ago (2013-04-24 16:45:56) Print this Article by Richard Gill Manx Financial (MFX), the Isle of Man based banking and financial services group, has entered into a funding agreement with financial services group 1st Stop Car Finance to provide vehicle loans to consumers. Under the deal 1st Stop will introduce and pre-underwrite loans on behalf of Manx's Conister Bank business, with it expected to deliver a c.10% increase in the loan book in the first 12 months of operation, along with a corresponding increase in gross margin. Assessment... More positive news from Manx which is continuing to extend its distribution network through partner arrangements. The news follows March's brief trading update, in which the firm said that Conister Bank is expected to have grown its loan book by 19% to £63 million by the end of 2012, with arrears and write-offs being low at under 1.2% and 0.3% respectively. The overall environment for alternative lenders such as Manx Financial continues to look positive. A number of large competitors are pulling out of Manx's markets, for example ING announced at the end of last year that it is withdrawing from the UK leasing industry, a move which is estimated to cause a £1 billion lending shortfall in the market. Other UK listed firms in the industry have been enjoying the benefits recently, such as S&U, Secure Trust Bank, Ultimate Finance and 1pm. Valuation... Shares in Manx Financial have performed strongly since our last update, rising from 5p to 7.375p, to capitalise the firm at £6.61 million. We expect results for 2012 to be released in the next few weeks, and expect Manx to have improved on the first half loss of £572,000 given that fee & commission income were recently reported to be trending higher, with the full effect of a recent restructuring also expected to be realised. With the shares trading at a discount of 6.7% to net assets of £7.083 million as at 30th June and with positive trends being seen across the business, they remain a "speculative buy". More View thread 6 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
24-04-13	Buy Re: Moving up	z34


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MFX looking for new business & gaining market share. More View thread 3 Respond Login to Vote up
11-04-13	Re: Moving up	CASTLEFORD TIGER	2


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ONLY A FEW TO BUY AT 8P and can sell over 7p I expect further tick up today tiger More View thread 3 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
10-04-13	Moving up	z34


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Lets hope the future hold better news for the shareholders. More View thread 3 Respond Login to Vote up
09-04-13	Re: Chalky the destroyer	CASTLEFORD TIGER


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wrong board? More View thread 2 Respond Login to Vote up
09-04-13	Chalky the destroyer	MUFC the best


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Never under estimate chalky's ability to destroy value. An example of this is Lonrho Water and Swissta Mozambique, which have been abandoned with the discontinuation costing £100k. The story starts in January 2007 LoONR acquired Strenner Holdings for about £100K, this held 50% of Swissta. Lonrho Springs acquired the exclusive rights to the Aquamine brand, the water source and a lease on the land, for a payment of approximately £ 70,000. The following February LONR spent US$ 5.3 million over the following twelve months to expand Lonrho Springs BVI with US$ 2.0 million invested over the next twelve months with more wonga coming from South African banks. Lonrho Springs built a new international standard processing unit and state of the art water bottling plant to produce up to 800,000 litres per month. A year on Lonrho acquired 100% of Swissta Mozambique Lda, the subsidiary of Swissta, for a cash consideration of US$315,550. Swissta was intended to grow into a leading water bottling company in Eastern and Southern Africa. So seven years of effort and about US $7 million in wonga down the tubes. It is not the first time that chalky and the late lamented laughingas have destroyed value at LONR, the SAILS shipping fiasco comes to mind as well. The only way LONR will avoid this continuing destruction of assets is to keep chalky chained to the central heating boiler in the Arlington Street den, surrounded by the returned crates of Tesco peaches, with no way to develop is next "master plan". More View thread 2 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
05-04-13	market so tight	CASTLEFORD TIGER	2


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that only 7500 shares could be bought this afternoon. I suspect a big buyer out there. Possibly the BOD once the results are out. Tiger More View thread 1 Respond Login to Vote up
27-03-13	Re: Sorry	CASTLEFORD TIGER	2


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Not sure i am. My last buys were a while ago. As you can see its very thin so can move up and down rapidly. My view is that in last financial year we have turned the corner. That said i think excp items will spoil the bottom line. However it should be onwards and upwards this year with a target of 1 million pre exc. For a bank this is cheap and great business is available. tiger More View thread 3 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
26-03-13	Re: Sorry	opportunist09


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Hi Castleford tiger Pushing this to 10 p is totally in your hands, You seem to be the only buyer. Good luck More View thread 3 Respond Login to Vote up
26-03-13	Re: on the move	popes11


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ok More View thread 2 Respond Login to Vote up
26-03-13	Sorry	CASTLEFORD TIGER


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No idea why it posted it several times. I need another 250k before this goes past 10p tiger More View thread 3 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
26-03-13	Re: SP Heading North	themanxman


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The Cyprus banks will stop funds leaving wholesale. More View thread 3 Respond Login to Vote up
26-03-13	Re: SP Heading North	opportunist09


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Not sure that Russian money on the island is what we want ! What makes you think it's here? I would be very supprised if compliance would let Russian clients in. Much too high risk and huge reputational damage. More View thread 3 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
26-03-13	on the move	CASTLEFORD TIGER


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nothing available to buy tiger More View thread 1 Respond Login to Vote up
26-03-13	on the move	CASTLEFORD TIGER


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nothing available to buy tiger More View thread 1 Respond Login to Vote up
26-03-13	on the move	CASTLEFORD TIGER


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nothing available to buy tiger More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
26-03-13	Buy SP Heading North	xfsj76


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Nice to see the sp taking off recently - wonder if MFX's Edgewater Wealth Management Division will see a major increase in business from a flight of cash from Cyprus and other European areas. I understand that there is already substantial Russian funds on the Island already. More View thread 3 Respond Login to Vote up
26-03-13	on the move	CASTLEFORD TIGER


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nothing available to buy tiger More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
26-03-13	on the move	CASTLEFORD TIGER


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nothing available to buy tiger More View thread 1 Respond Login to Vote up
26-03-13	Buy SP Heading North	xfsj76


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Nice to see the sp taking off recently - wonder if MFX's Edgewater Wealth Management Division will see a major increase in business from a flight of cash from Cyprus and other European areas. I understand that there is already substantial Russian funds on the Island already. More View thread 1 Respond Login to Vote up
24-03-13	Re: 2012 loan book growth of 19% expecte...	IOMINVESTCOM


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Hi Tonydeadeye No worries - I think your caution is right and also summed up well in Richard Gill's speculative buy Assessment posted by me earlier. GLTA More View thread 8 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
22-03-13	Re: 2012 loan book growth of 19% expecte...	TonyDeadeye	1


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Sorry for being a grump, IOMINVESTCOM, I was just going to leave it and observe but I just thought I'd mention it! Another concern would be the loan book growth might not be fully reflected in the bottom line anyway. With interest rates so low, loans are cheap nowdays and (obviously) not as profitable for the banks as the good old days. But on the flip side the bad debts situation will have improved. As I say, I don't want to talk this share down (I know I am!) but I just wanted to add some caution to those who appear to be getting too optimistic about some good results. And I also speak in the wake of having my fingers burnt on this, buying in at on the back of some bullish June 2011 interims only to be slammed by contradictary 2011 final results. I must admit that made me somewhat rather cross so I suppose you could argue that I'm a bitter ex-holder! Just my two-penneth worth and I won't say any more. All the best. More View thread 8 Respond Login to Vote up
22-03-13	Re: 2012 loan book growth of 19% expecte...	z34


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We all wanted MFX to grow its book & this was 19% to 31st Dec. Since then with ING leasing pulling out of the UK & the funding agreement with D&D lets hope the loan book growth continues. This must be good news going forward. More View thread 8 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
22-03-13	Re: 2012 loan book growth of 19% expecte...	IOMINVESTCOM


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I don't know Tony you bar humbug!! - I thought I can be negative at times. Maybe the RNS was an trading statement ahead of results to give guidance and outlook. Have a good weekend. GLTA More View thread 8 Respond Login to Vote up
22-03-13	Re: 2012 loan book growth of 19% expecte...	TonyDeadeye


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I still observe MFX with interest and I'm pleased for all current holders about the loan book increase. However ..... being the cynic I am, I'm curious why they've chosen to release this RNS seperately, in advance of the results which are due out shortly anyway. Yes, suspicious in that it may have been released to bump up the SP in advance of some possibly poor results? And I notice the resignation of another director a couple of days before the loan book RNS. Just an observation and entirely my own view and opinion. Having said that, I hope I'm wrong and the numbers make good reading. More View thread 8 Respond Login to Vote up
22-03-13	Re: OPM	BOWOOD


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I'm in MFX as well, but looking at OPM and the funding it continues to obtain to lend suggests to me that it is growing at quite a rate. Its Broker Network is growing fast and IMO the operational gearing will mean that the bottom line will be benefitting from its recent lending to SMEs quite dramatically. Take a look at the last accounts and the amount of funding it has obtained during the last six months or so. More View thread 3 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
22-03-13	Buy Re: OPM	xfsj76


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Take a good look at MFX - a much better buy and now on the move !! More View thread 3 Respond Login to Vote up
22-03-13	OPM	BOWOOD


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Take a good look at OPM More View thread 3 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
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(MFX) Manx Financial

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