Manx (MFX) & ADVFN (AFN): 2 financial services AIM stocks to buy

3 min read | January 13, 2022 09:48 PM AEDT | By Suhita Poddar

Google News:

Manx (MFX) & ADVFN (AFN): 2 financial services AIM stocks to buy — Image source: Shutterstock.com

Recent News

Why REIT Income Remains a Key Focus on ASX 200

Defensive Strength ASX 200 Hidden in Infrastructure Assets

Can ASX 200 Banking Giants Shape Retirement Security?

Can ASX 200 Wealth Leaders Shape Australia’s Retirement Future?

Make Kalkine Media
My Trusted Source

Highlights

A new CBI/PwC survey found that while volumes and profitability rose in the UK’s financial services industry, the growth in optimism eased in the 3 months to December 2021.

Business volumes were found to have grown at the highest pace since June 2017, while profitability rose at the fastest pace since December 2015.

A new survey found that while volumes and profitability rose in the UK’s financial services industry yet, the growth in optimism had eased in the 3 months to December 2021.

According to the joint survey of UK’s Confederation of British Industry (CBI) and PwC released today, business volumes rose at a rate of 42 per cent, the highest pace since June 2017. And this pace is expected to remain in Q1 2022.

Comparatively, volumes had grown at a rate of 33 per cent in the Q3 2021 survey for the 3 months to September 2021.

The latest CBI/PwC survey also found that profitability rose at the fastest pace since December 2015 and had shown a robust growth rate for 3 quarters in a row. (In the earlier CBI/PwC Q3 2021 survey, profitability was at 29 per cent)

However, optimism witnessed a sharp dip to 15 per cent in the latest survey compared to 35 per cent in Q3 2021. PwC attributed this cooling of optimism closely to a mix of multiple factors, including the uncertainty relating to covid, increasing inflation, and other factors.

Amid this development, let us look at 2 AIM-listed stocks in the financial services sector and explore their investment prospects:

Manx Financial Group PLC (LON:MFX)

Manx Financial Group is a financial services group and is part of the FTSE AIM All-Share index.

The group’s profit before tax (PBT) payable for the first 6 months ended on 30 June 2021 was £1.139 million, compared to £1.008 million in the previous year.

And its operating income, during the period, increased by about 6.2 per cent to £8.988 million, from £8.461 million in the year before.

Manx interim results details

Its shares were trading flat at GBX 7.88 on 13 January at 08:06 AM BST. The FTSE AIM All-Share index was at 1,175.39, higher by 0.07 per cent.

The group’s market cap was at £9.00 million, and it has given a return of 4.86 per cent to shareholders on a 1-year basis as of date.

ADVFN PLC (LON:AFN)

ADVFN is a financial information website and belongs to the FTSE AIM All-Share index.

The group said today that it is undertaking a formal strategic review of which one of its options include the sale of the group. The purpose of this review is to help maximize its shareholder value.

Its shares were trading at GBX 79.00, up sharply by 12.86 per cent on 13 January at 08:29 AM BST. The group’s market cap was at £ 18.28 million, and it has given a return of 158.33 per cent as of date.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.