Manx Financial Group (AIM: MFX)

Last close As at 26/10/2024

GBP0.15

1.00 (7.14%)

Market capitalisation

GBP18m

Manx Financial Group is an Isle of Man-based diversified financial services group. Through its subsidiaries such as Conister Bank and Payment Assist, the group operates in resilient niche lending and financing markets in both the UK and the Isle of Man.

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Sector

Financials

Equity Analyst

Martyn King

Martyn King

Director, Financials

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 0.0 (21.1) (9.1)
Relative 0.1 (21.9) (19.9)
52 week high/low 26.0p/13.2p

Financials

Manx Financial Group (Manx) posted its highest ever first half year profit in the six months to 30 June, with PBT of £3.5m increasing 16% y-o-y. Lending growth, particularly that of higher-yielding Payment Assist (PAL) loans, continues to offset higher funding costs. Management noted the growing macroeconomic risks to wider trading conditions, but Manx should nonetheless benefit from falling interest rates and the immediately accretive acquisition of the outstanding shareholding in PAL.

Y/E Dec Revenue (m) EBITDA (m) PBT (m) EPS () P/E (x) P/CF (x)
2022A 24.4 N/A 5.2 N/A N/A N/A
2023A 32.4 N/A 7.0 N/A N/A N/A
2024E N/A N/A N/A N/A N/A N/A
2025E N/A N/A N/A N/A N/A N/A

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