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Manx Financial ( (GB:MFX) ) has issued an update.
Manx Financial Group PLC announced that its subsidiary, Payment Assist Limited, has secured five new key partner lending agreements, projected to boost annual advances by £27 million and increase revenue by over £5 million. These agreements include partnerships with the Retail Automotive Alliance, eDynamix, Car Care Plan, Nissan Motor GB, Fix Auto UK, and Revive! Auto Innovations, enhancing PAL’s BNPL offerings across various automotive services. This strategic expansion is expected to strengthen Manx Financial’s market position and provide significant growth opportunities in the UK automotive finance sector.
Spark’s Take on GB:MFX Stock
According to Spark, TipRanks’ AI Analyst, GB:MFX is a Outperform.
Manx Financial’s strong financial performance and attractive valuation are key strengths, driving the overall score. Technical indicators suggest mixed short-term trends. Record profit growth and strategic focus on SMEs support a positive outlook, but moderate leverage requires careful management.
To see Spark’s full report on GB:MFX stock, click here.
More about Manx Financial
Manx Financial Group PLC is a holding company that offers a variety of diversified financial services in the Isle of Man and the United Kingdom. The company operates through its wholly owned subsidiary, Payment Assist Limited, which focuses on providing Buy Now Pay Later (BNPL) finance solutions, particularly in the automotive sector.
Average Trading Volume: 102,195
Technical Sentiment Signal: Strong Buy
Current Market Cap: £26.94M
For an in-depth examination of MFX stock, go to TipRanks’ Overview page.