Manx Financial (LON:MFX) Market Cap 9 million

Bid/Offer 8.50p -  9.00p   Closing Price 13/4/2016  8.9p

Disclosure -  (Long the Stock)

"An independent banking group founded in 1935, domiciled in the Isle of Man"

Group Structure.


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Full Year Highlights to y/e 31/12/15 issued March 3rd 2016


 2015                                        2014

Profit before tax:

     £2.3 million - up 34%

£1.7 million

Profit for the year:

     £2.1 million - up 32%

£1.6 million

Net interest income:

   £14.6 million - up  34%

£10.8 million

Loans:

  £101.4 million - up 13%

 £89.3 million

Total assets:

  £130.0 million - up 9%

£119.5 million

Customer accounts:

   £106.3 million - up 6% 

£100.3 million

Earnings per share:

   2.06 pence - up 32%     

1.56 pence

Because of the huge number of share conversion options, diluted earnings per share drops to a lowly 1.29p per share which puts a different complexion on headline figures for 2015..

Approximately 102 million shares in issue with circa 78 million options available at various prices.

Outlook - the Chairman sounds optimistic:

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