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Manx Financial ( (GB:MFX) ) just unveiled an update.
Manx Financial Group PLC has announced the issuance of 1,162,469 new ordinary shares as part of a Scrip Dividend election, priced at 26.349 pence per share. Directors Jim Mellon and Dr. Gregory Bailey, significant shareholders, have opted to receive new shares, maintaining their joint percentage holding. The new shares will be admitted to trading on AIM, with the total issued share capital now consisting of 120,878,226 ordinary shares.
The most recent analyst rating on (GB:MFX) stock is a Buy with a £30.00 price target. To see the full list of analyst forecasts on Manx Financial stock, see the GB:MFX Stock Forecast page.
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 the primary drivers of its score. Technical indicators suggest caution due to bearish momentum, but the stock’s low P/E ratio and solid dividend yield offer potential value.
To see Spark’s full report on GB:MFX stock, click here.
More about Manx Financial
Average Trading Volume: 135,113
Technical Sentiment Signal: Buy
Current Market Cap: £30.53M
For an in-depth examination of MFX stock, go to TipRanks’ Overview page.