goldfinger
- 19 Mar 2013 13:57
cynic
- 27 Feb 2014 10:38
- 1682 of 2763
i assume WTB had some rather tasty results :-)
cynic
- 27 Feb 2014 11:50
- 1683 of 2763
TSLA
the market looks as though it likes this a lot, and not withstanding that dow is likely to open a fair bit lower follwing rising tensions in ukraine, a further fillip to sp today still looks on the cards
Tesla Motors, the US electric car manufacturer, announced plans to sell at least $1.6bn in convertible senior notes to raise funds for a vast new battery factory as its shares hit a record high on Wednesday.
Tesla’s stock was boosted earlier this week after a Morgan Stanley analyst said its shares could rise significantly if its effort to construct its own lithium ion battery factory puts it in a position to disrupt the wider US energy industry.
Dil
- 27 Feb 2014 11:57
- 1684 of 2763
Bought some WTB in November. Wish I'd bought a shed load now.
dreamcatcher
- 02 Mar 2014 20:32
- 1687 of 2763
Manx is a Midas tip this weekend in the Sunday Mail.
dreamcatcher
- 02 Mar 2014 20:36
- 1691 of 2763
MIDAS SHARE TIPS: Isle of Man phone group firing on all cylinders as it expands into UK
By Joanne Hart, Financial Mail On Sunday
PUBLISHED: 22:20, 1 March 2014 | UPDATED: 22:29, 1 March 2014
The Isle of Man has a population of 85,000, its economy has enjoyed 29 years of uninterrupted growth and unemployment is just 2.3 per cent.
The top rate of income tax is 20 per cent, there is no corporation tax and capital gains are not taxed either. Not surprisingly, rich people enjoy living there and the number of businesses per head is seven times higher than in the UK.
Manx Telecom, its main telecoms group, is neatly positioned to benefit from this prosperity. The shares are 161p and should deliver steady growth and generous dividends over the next decade.
The business was originally part of BT, but has traded under its own name since 1986. Spun off in 2001, it spent nine years as part of O2 and Telefonica before it was bought by private equity firm Hg Capital
Now, it is independent, after floating on AIM on February 10. Investors often worry about buying shares in firms that have been under private equity ownership.
But Manx is a regulated business and Hg was only allowed to buy it after satisfying the island’s Parliament that it would focus on growth. Hg kept its promise and Manx is a robust firm with lots of cash, so profits are expected to rise at a steady pace and a dividend of almost 10p is forecast for 2014, putting the shares on a yield of about 6 per cent.
Manx is run by Mike Dye, a chartered accountant who has been at the firm for nearly 30 years. Having worked his way up to finance director, he was promoted to chief executive in April 2011.
As a veteran of the business, Dye knows it inside-out and is also attuned to the local culture. Under his stewardship, the group has developed five divisions: fixed-line, mobile, data, off-island and ‘other’ – sundry items, such as equipment sales.
Initially, Manx derived almost all of its revenue from fixed-line, the land-line phone operation, which includes broadband. Now just 42 per cent comes from this division, while mobile makes up 26 per cent.
Landlines are used less and less but Manx is also the main mobile provider on the island and is
expected to benefit from the introduction of 4G later this year. The two biggest growth areas for
the company are off-island and data.
Data management is growing fast worldwide as firms become increasingly digital and need to store their information safely. The island is home to several online gaming companies and financial services businesses for example, which use Manx Telecom to store and manage their online data.
The service is lucrative and the business is growing. It is also expanding ‘off island’ in the UK. Agreements with the key UK mobile phone operators mean Manx has developed a SIM card that can piggy-back off their networks, moving between them depending on which is offering the strongest signal.
These cards are particularly useful for people who need to be sure their mobile will not stop working at crucial times, such as the emergency services. More than 15,000 Manx SIM cards are already operating in the UK under the Chameleon brand and sales are growing fast.
They can also be used in machine-tomachine services, where they are inserted into lorries, cars, energy meters and even vending machines to relay information about what those machines are doing.
Telematics relies on this technology, but it is also used by vending machine owners, for example, to see if they are low on stock. Other phone firms are moving into this sector but, as a smaller, more nimble company than many peers,
Manx is winning custom fast. It will reveal 2013 results in a few weeks and profits are expected to surge from £3.2 million to £7.4 million, rising to £13.2 million in 2014. Showing its enthusiasm for speed, the company also sponsors local boy Conor Cummins, one of the fastest riders in the TT Races, the island’s annual motorbike bonanza.
Midas verdict: Manx Telecom is a solid, mature business that should deliver rising profits and a juicy dividend. This is a great little stock for investors in search of income with a bit of growth, too. Traded on: AIM Ticker: MANX
goldfinger
- 03 Mar 2014 08:18
- 1693 of 2763
JKX short doing the business. Manx long doing the business aswel. Just need ABG to perform now.
goldfinger
- 03 Mar 2014 08:35
- 1694 of 2763
ABG performing now brilliant hedging stratergy if I do say so myself LOL.
goldfinger
- 03 Mar 2014 19:26
- 1697 of 2763
cynic
- 03 Mar 2014 19:55
- 1698 of 2763
BGEO
not a stock i have ever followed, but it seems to be a successful bank - i assume there is such a thing - so perhaps this is or soon will be a good buying opp
goldfinger
- 04 Mar 2014 00:02
- 1699 of 2763
Get it bought then and stop dithering.
skinny
- 04 Mar 2014 06:28
- 1700 of 2763
GF - I posted the RUS chart with a view to going long!