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Manx Financial ( (GB:MFX) ) has provided an update.
Manx Financial Group PLC has extended two unsecured loan agreements totaling £2.0 million for an additional five years to support Conister Bank Limited’s regulatory capital requirements. The loans, originally issued in 2020, have been renewed with an increased annual interest rate of 8%. These transactions, involving directors connected to the lending parties, were deemed fair and reasonable by independent directors, ensuring the preservation of regulatory capital funding and considering the practicality of alternative financing options.
The most recent analyst rating on (GB:MFX) stock is a Buy with a £35.00 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.
The overall stock score of 73 reflects strong financial performance and attractive valuation as the most significant factors. Technical analysis provides mixed signals, indicating potential for support but no strong momentum. The lack of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:MFX stock, click here.
More about Manx Financial
Manx Financial Group PLC operates in the financial services industry, focusing on banking and financial solutions. Its primary services include providing loans and financial support, with a market focus on regulatory capital requirements, particularly through its subsidiary, Conister Bank Limited, under Isle of Man banking regulations.
Average Trading Volume: 175,619
Technical Sentiment Signal: Buy
Current Market Cap: £38.31M
Find detailed analytics on MFX stock on TipRanks’ Stock Analysis page.