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Up $7.40.. We are gonna see new high company history soon! BOOM!! Commeth!!!
IMO
Look like we are setting up to go for new high in company history.. I have a feeling we will see new high in company history this week. (Maybe)....
IMO
Manhattan Bridge Capital Q1 Meets Estimates on EPS and Revenue
MT NEWSWIRES 5:48 AM ET 4/16/2018
07:48 AM EDT, 04/16/2018 (MT Newswires) -- Manhattan Bridge Capital(LOAN) reported Q1 earnings of $0.12 per share, up from $0.10 in the same period a year ago and in line with the estimate of $0.12 from two analysts polled by Capital IQ.
Total revenue of $1.7 million was up from $1.3 million in the same period a year ago and in line with a single forecast of $1.7 million.
Price: 6.95, Change: -0.10, Percent Change: -1.42
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
©www.mtnewswires.com Copyright © 2018 MT Newswires. All rights reserved.
BRIEF-Manhattan Bridge Capital, Inc. Reports Q1 Earnings Per Share $0.12
REUTERS 5:08 AM ET 4/16/2018
April 16 (Reuters) - Manhattan Bridge Capital Inc(LOAN):
* MANHATTAN BRIDGE CAPITAL, INC.(LOAN) REPORTS FIRST QUARTER RESULTS
* Q1 EARNINGS PER SHARE $0.12
* Q1 REVENUE ROSE 25.1 PERCENT TO $1.664 MILLION Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)
Manhattan Bridge Capital, Inc. Reports First Quarter Results 25.1% Increase in Revenues and 24.0% Increase in Net Income
Boom! UP $7.25!! 35 more cent until break new high company history!
IMO
Here come break new high in company history soon!
IMO
Here we go! We are gonna see break new high in company history!
IJMO
Soon we will see break new high.. Strong stock!
IMO
Press Release: Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.12 per Share Dividend
Manhattan Bridge Capital, Inc. (LOAN) Announces Payment of Quarterly $0.12 per Share Dividend
GREAT NECK, N.Y., March 27, 2018 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc.(LOAN) announced today that, in accordance with the board approved dividend declared on February 6, 2018, a cash dividend of $0.12 per share will be paid to all shareholders of record on April 10, 2018. The dividend will be paid on April 16, 2018.
SOURCE: Manhattan Bridge Capital, Inc.(LOAN) Contact: Assaf Ran, CEO (516) 444-3400
(END) Dow Jones Newswires
03-27-180700ET
Look like we are going higher!
IMO
UP $7.00! .60 cents left away from new high in company history.. Excited time!
IMO
Boom! Up $6.95 and thin to $7.40
IMO
Word on street $sach fins are going to be great.
Yes I have to agree. I just bought a few myself. 3.50 seems to be holding up very well.
Take a look at $sach . Same type of business nice dividend and yield . Own quite a bit.
Manhattan Bridge Capital, Inc. Reports Results for 2017Net Income increases by 21.2% to over $3.4 million
GLOBENEWSWIRE 5:05 AM ET 3/19/2018
GREAT NECK, N.Y., March 19, 2018 (GLOBE NEWSWIRE) --
Manhattan Bridge Capital, Inc. (LOAN) announced today that net income for the year ended December 31, 2017 was approximately $3,439,000, or $0.42 per share (based on approximately 8.1 million weighted-average outstanding common shares), versus approximately $2,837,000, or $0.37 per share (based on approximately 7.6 million weighted-average outstanding common shares), for the year ended December 31, 2016, an increase of $602,000 or 21.2%. This increase in net income was mainly due to an increase in operating income as a result of increased lending activity.
Total revenue for the year ended December 31, 2017 was approximately $5,919,000 compared to approximately $4,649,000 for the year ended December 31, 2016, an increase of $1,270,000 or 27.3%. The increase in revenue represents an increase in lending operations. In 2017, approximately $5,016,000 of the Company’s revenue represents interest income on secured, commercial loans that the Company offers to small businesses compared to approximately $3,845,000 in 2016, and approximately $903,000 represents origination fees on such loans compared to approximately $804,000 in 2016.
Total operating costs and expenses for the year ended December 31, 2017 were approximately $2,457,000 compared to approximately $1,794,000 for the year ended December 31, 2016, an increase of $663,000 or 37.0%. The increase in operating costs and expenses is primarily attributable to an increase in interest and amortization of deferred financing costs resulting from the Company’s use of a line of credit and the issuance in 2016 of senior secured notes by the Company’s wholly-owned subsidiary in order to increase its ability to make loans.
Assaf Ran, Chairman of the Board and CEO, stated, “During the year 2017 we’ve continued to demonstrate controlled and responsible growth, while maintaining our impressive track record of no defaults. In August 2017, the Company increased its bank line of credit from $14 million to $20 million. This allowed us to further increase our loan portfolio and set new Company records for both revenue and net earnings. As a REIT, the increased earnings allowed us to increase the cash dividend we pay stockholders once again, to $.12 per share quarterly. As we look forward to continued success in 2018, we are committed to disciplined underwriting in order to prepare for a possible slowing economy.”
About Manhattan Bridge Capital, Inc.(LOAN)
Manhattan Bridge Capital, Inc. (LOAN) offers short-term secured, non–banking loans (sometimes referred to as ‘‘hard money’’ loans) to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located around the New York metropolitan area. We operate the web site: http://www.manhattanbridgecapital.com
Forward Looking Statements
This press release and the statements of our representatives related thereto contain or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “plan,” “project,” “potential,” “seek,” “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate,” or “continue” are intended to identify forward-looking statements. For example, when we state that we offer increased dividends and growth and success in 2018 we are using forward-looking statements. Readers are cautioned that certain important factors may affect the Company’s actual results and could cause such results to differ materially from any forward-looking statements that may be made in this news release. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those projected, expressed or implied in the forward-looking statements as a result of various factors, including but not limited to the following: (i) our loan origination activities, revenues and profits are limited by available funds; (ii) we operate in a highly competitive market and competition may limit our ability to originate loans with favorable interest rates; (iii) our Chief Executive Officer is critical to our business and our future success may depend on our ability to retain him; (iv) if we overestimate the yields on our loans or incorrectly value the collateral securing the loan, we may experience losses; (v) we may be subject to “lender liability” claims; (vi) our loan portfolio is illiquid; (vii) our due diligence may not uncover all of a borrower’s liabilities or other risks to its business; (viii) borrower concentration could lead to significant losses; (ix) our management has limited experience managing a real estate investment trust; and (x) we may choose to make distributions in our own stock, in which case you may be required to pay income taxes in excess of the cash dividends you receive. The risk factors contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2017 filed with the Securities and Exchange Commission identify important factors that could cause such differences. These forward-looking statements speak only as of the date of this press release, and we caution potential investors not to place undue reliance on such statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Broke new high $6.40.. Weee!!!!!!!!!!!!
IMO
Here we go!! UP, Up, and UP! Hope to see break new high in company history!
IMO
Hey, good to hear from you PNS.
Nice uptrend for the last 5 years. Impressive! I should buy some on April 9th! Have fun! Patience is golden, lol. GLTY
Long time no see.. We going up! Increase Dividend .12.. See you higher.
IMO
Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) announced today that its board of directors has authorized a quarterly dividend of $0.12 per share to be paid to all shareholders of record on April 10, 2018. The dividend will be paid on April 16, 2018.
Contact:
Assaf Ran, CEO
(516) 444-3400
Ive been here for almost 7 years.. Still make money and earn dividend.
IMO
It's a sucker stock. Very risky and the moderate yield doesn't compensate for the risk.
I don't see much that would deter all four insiders from packing the company treasury in a suitcase if things got really tough and leaving the country. I have no idea how honest these people are but I see red flags with any such tiny operation.
At minimum I'd like to see an audit by a Big 4 CPA firm. That shouldn't cost much since LOAN is so small.
Ive been here for 5 years.. yes only 4 employed.. This is loan bushiness. I made alot of money.. I dont give a (bleep) if is red flag but as long i get paid in dividend and earn eps.
IMO
Manhattan Bridge Capital, Inc. Declares an Increased Quarterly Dividend of $0.11 per Share
GLOBENEWSWIRE 5:00 AM ET 10/23/2017
GREAT NECK, N.Y., Oct. 23, 2017 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc.(LOAN) announced today that its board of directors has authorized a quarterly dividend of $0.11 per share to be paid to all shareholders of record on December 29, 2017. The dividend will be paid on January 15, 2018.
Contact:
Assaf Ran, CEO
(516) 444-3400
Image: Primary Logo
Source: Manhattan Bridge Capital, Inc.(LOAN)
Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) announced today that, in accordance with the board approved dividend declared on August 2, 2017, a cash dividend of $0.1025 per share will be paid to all shareholders of record on October 10, 2017. The dividend will be paid on October 16, 2017.
SOURCE: Manhattan Bridge Capital, Inc.
Ding Ding.. LONG OVERDUE for upside! Great Dividend!
IMO
Too bad it didnt break new high twice! Retreat! Nice Earning.. Strong as always.. Im still holding. Earning Dividend and loading more shares is SWEETEST thing.
This going break new high.. Boom!!!
IMO
I dont see big dump yet.. I buy more on the dip. Still on going upside..
IMO
Thank God I got out of this when I did. I can't find any news on the dump, only weird thing I saw is a 50,000 share trade at the open yesterday
Ok, so why the big dump?
Hit $7.60.. About to see break new high in company HISTORY!!
IMO
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