MNY changes it’s name to Solvar.

…”Solvar, represents what the Group does, which is to provide personalised finance solutions, allowing customers to solve their financial needs”.

The company continues to buy back its own stock with now 3.3m share bought back to date reducing its share count from 213 down to 210m. Having started in June and expected to run for 12 months they have allocated 15m for the buy back. At present prices this will see 7.5-8.0m shares bought back which would represent 3.5-4% of their share count.

I would not be surprised to see them conduct another buy back should they maintain or increase profit margins whilst they trade at <8.0PE.

I hold this iRL as part of my “dividend stocks” any CG I see as a bonus. I hold it along with PPM as my proxy to holding banks. Riskier than a big 4 Bank but, with better DIV returns 7-8%.