I have tended to hold back on commenting on companies where the chairman is a prominent feature since this only leads to ribald comment that I am repeating his master’s voice. Therefore when Manx Financial (MFX) came out with terrific results a few days back I stayed schtum. But at 9p offer MFX was less than half tangible net asset value and on a PE of 3 – with a yield in prospect as well. Eventually, a few days later, the market caught up and MFX is now 12p offer. I cannot think of any reason to sell.
And today it is announced that Jim is taking the chair at Condor Gold (CNR). I cannot think of any reason why one would not buy.
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The Mashley’s Frasers bought c. 5% of NBrown (BWNG) a few days ago. BWNG is now 25p offer. If this price stays there I am taking up work. Of course the Alliances know what they are doing but it may be better if The Mashley relieves them of the work in hand. I suppose 50p is the first stop.
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Caribbean (CIHL) is being taken over by Waterloo Investments (WIHL) with 1.25 WIHL for each CIHL. There is talk of a dividend. I would like to be clearer on all this if it were not for the fact that the chairman is trappist by nature. However enquiries at JP Jenkins do not disclose any price for WIHL. Apparently they last traded in December 2021 at 36p. I doubt if that applies now. But I smell money on the way.