Maxima Holdings Share Discussion Threads

[tole] 14/6/2007 10:11

Arbuthnot downgraded yesterday to Hold from Buy
Seymoure Pierce reiterated Buy (below)

Maxima "buy"
Wednesday, June 13, 2007 8:47:16 AM ET
Seymour Pierce

LONDON, June 13 (newratings.com) - Analyst Derek J Brown of Seymour Pierce maintains his "buy" rating on Maxima (ticker: VL7).

In a research note published this morning, the analyst mentions that the company has released a healthy trading statement, with FY07 results in-line with the consensus. Maxima's key business metrics exhibits a healthy business, which is generating growth organically and through acquisitions, the analyst adds. The company expects to post a robust order book for FY08 and witness several new acquisition opportunities going forward.

[marben100] 13/6/2007 11:35

Oops.. thought my calculation might be too good to be true: forgot to take the proceeds of April's placing into account and didn't account for the full cash cost of the 3net acquisition.

Gross amount raised from placing: £11.5m - let's assume £11m after costs (net figure not stated).

Total cash cost of acquisitions, including 3net: £22.6m

Cash outflow for acquisitions, net of placing: £11.6m

This suggests that cash inflow from operations, net of tax, interest and dividends paid of 11.6 - 6.5 + 3.1 = £8.2m - even better than my original calculation!

Any further corrections?

[marben100] 13/6/2007 09:29

Hi Currypasty et al,

Good to see net debt of £6.5m. At end last year it was £3.1. Having spent £11.1 on acquisitions this year, that means the business must have generated £7.7m in cash, after dividend payments of £0.7m and any interest payments. This translates to an FCF/share of 35p (based on 24.2m shares in issue after 3net acquisition) and is with only partial year contributions from this year's acquisitions. Very nice - perhaps I'll be topping up :0).

WARNING: I cannot guarantee the accuracy of my calculations, DYOR.

Cheers,

Mark

[currypasty] 13/6/2007 08:09

RNS Number:2534Y
Maxima Holdings PLC
13 June 2007


Embargoed until 0700 13 June 2007

Maxima Holdings plc ("Maxima" or the "Company")

Year end trading update

Notice of Results


Year end trading update
Maxima Holdings plc (AIM:MXM), the acquisitive IT solutions and managed services
provider, announces an update on trading for its financial year ended 31 May
2007.

The Board is pleased to confirm that trading across both operating businesses of
the Company (Solutions and Managed Services) has been solid and that it
therefore expects revenues, profits and earnings per share to be in line with
market expectations. Net debt at 31 May 2007 was #6.5 million.

In line with its declared strategy, Maxima successfully completed four
acquisitions during the year. Two of these, Cognition Solutions Ltd and
SevenThree Ltd are enterprise software solutions businesses with a focus on the
construction sector. The other two, IIL (Intertech Solutions Ireland) Ltd and
3net Ltd are managed services businesses specialising in infrastructure
software. These acquisitions have now been fully integrated, both at the front
office in terms of integrated solutions and managed services to our clients and
at the back office in terms of business processes and internal information
systems.

In total seventy one new customers were won during the year, spread broadly
across the different areas of the business. In particular Solutions won eleven
new customers for SAP Business One and two for QAD Applications in the
Healthcare and Automotive sectors where we have a strong track record; we also
won the first contract for our newly launched construction industry software
solution based upon Microsoft Dynamics AX. In Managed Services significant new
business has been won, particularly as a result of our strong skills in Citrix
and Oracle technologies.

Within our existing customer base, levels of contract renewals have been high
and we are benefiting increasingly from cross-selling of the additional skills
and services now available as a result of our acquisition strategy. For example,
using the skills of SevenThree Limited acquired in March 2007, we have recently
won a major contract for Microsoft CRM (Customer Relationship Management)
software from a long-standing industrial client who uses QAD Applications ERP
(Enterprise Resource Planning) software.


Notice of Results
Maxima will announce Preliminary Results for the full year, together with
details of the proposed final dividend payment, on 14 August 2007.


Kelvin Harrison, Maxima's Chief Executive said:

"It has been an exciting year for Maxima as we have acquired and carefully
integrated four more excellent businesses. We are now able to offer our clients
full end-to-end applications and infrastructure software solutions and managed
services. It is also gratifying that the benefits of Maxima's acquisition
strategy are now clearly visible in terms of consistent growth and improved
profitability.

We have started the new financial year with a strong order book and continue to
source attractive acquisition opportunities."

[currypasty] 12/6/2007 15:05

off again, now 2.90 - 2.98 come on 3 quid

[saucepan] 29/5/2007 17:25

Agreed, the chart is suddenly looking ripe for another breakout. There is a distinct stair pattern in the longer term chart and I think we are due another step higher.

Liontrust Investment Services Limited would agree apparently, and my ShareScope data continues to point to value here.

[currypasty] 29/5/2007 15:07

RNS Number:3657X
Maxima Holdings PLC
29 May 2007

29 May 2007
Maxima Holdings plc
("Maxima" or the "Company")

Holding(s) in Company
Maxima Holdings plc (AIM:MXM) was today informed that Liontrust Investment
Services Limited ("Liontrust") has an interest in 1,846,550 ordinary shares in
the Company which represents approximately 7.56% of the issued share capital of
Maxima.

[currypasty] 29/5/2007 12:56

tripple top !

i hope it breaks out over the 3 squid level shortly

[currypasty] 24/5/2007 09:23

turning into a real winner

[currypasty] 24/5/2007 09:22

RNS Number:1570X
Maxima Holdings PLC
24 May 2007


24 May 2007

Maxima Holdings plc ("Maxima" or the "Company")

Completion of Acquisition of 3net Limited ("3net")

Maxima Holdings plc, (AIM: MXM), the acquisitive IT solutions and managed
services company, is pleased to announce that the acquisition of 3net Limited,
conditionally announced on 1 May 2007 successfully completed today.

Highlights of completed Acquisition:

* Acquisition of 3net for an aggregate consideration of #18.0 million, of
which #14.0 million has been satisfied in cash by a Placing of new shares
and Maxima's existing bank facilities, and #4.0 million by the issue of new
Maxima shares to the vendors


* Placing of 4,423,077 new Maxima shares by Cenkos Securities at 260 pence
per share to raise #11.5 million, which was oversubscribed and introduced a
number of new shareholders to Maxima's register


* 3net is a profitable and proven business and represents an exciting
opportunity to strengthen Maxima's managed services division. 3net had net
cash of #3.9 million at completion


* The acquisition is part of, and consistent with Maxima's consolidation
strategy within the fragmented IT services market and is the 9th acquisition
Maxima has made since its admission to AIM in November 2004.


Reasons for and benefits of the acquisition

Maxima floated on AIM in November 2004 with the strategy of building a
substantial IT Services business through consolidation in the fragmented IT
services sector. Since flotation, Maxima has acquired eight businesses, all of
which have been integrated and are performing well.

The specialist technical skills of the 3net team in networking and security
infrastructure will enable Maxima to increase its range of technology partners
and offer full end-to-end solutions and managed services in IT applications and
infrastructure.

Due to timing of the completion of acquisition of 3net, it will have a
negligible impact on trading in Maxima's current financial year (ending 31 May
2007) but the Board anticipates that it will be earnings enhancing in the year
ending 31 May 2008.

Kelvin Harrison, Maxima's Chief Executive said:

"I am delighted to welcome the 3net team into Maxima. Integration planning is
well advanced and we have already begun work on several cross-selling
opportunities. I am also very pleased that since exchange of contracts to
acquire 3net, two of its major clients have chosen to renew managed service
contracts for a further 3 years with a total aggregate value of #1.x million
which helps underpin our expectations in the short to medium term."

[currypasty] 23/5/2007 09:39

RNS Number:0827X
Maxima Holdings PLC
23 May 2007


23 May 2007

Maxima Holdings plc ("Maxima" or the "Company")

Result of EGM

Maxima Holdings plc, (AIM: MXM), the acquisitive IT solutions and managed
services company, is pleased to announce that at the EGM today all the proposed
resolutions were passed.

For further information, please contact:

Maxima
Kelvin Harrison, Chief Executive 01242 211 211

Linda Andrews, Group Finance Director 0141 880 1000

Cenkos
Stephen Keys/Adrian Hargrave 020 7397 8900

Smithfield
Tania Wild/Reg Hoare 020 7360 4900

[currypasty] 21/5/2007 11:36

10k Market maker trade at full ask... T trade to show later ?

[currypasty] 04/5/2007 14:54

RNS Number:1451W
Maxima Holdings PLC
04 May 2007

Maxima Holdings plc 4 May 2007

(the "Company")

Holding in Company

The Company was informed today that Hargreave Hale Limited has an interest in
973,859 ordinary shares in the Company which represents approximately 5.25% of
the issued share capital of the Company.

[tole] 03/5/2007 18:25

Maxima - ADD
Companies: MXM
02/05/2007

Since its half-year results at the end of February, IT services consolidator Maxima has agreed its eighth and ninth acquisitions, the latter being its biggest yet.

In early March, construction sector specialist SevenThree was snapped up for £1.1m in cash and shares. Then on May Day the group proposed the £18m purchase of 3net, funded through existing bank facilities, the issue of £4m of new shares to 3net's owners and an £11.5m placing (priced at 260p) with both existing and new institutional investors.

SevenThree, which made £130,000 pre-tax profit on £1m revenue in the year to March 2006, has been bolted onto Maxima's existing construction software business, adding its customer relationship management (CRM) software expertise to the division's capabilities in enterprise resource planning (ERP).

3net is quite different, bringing infrastructure to the offering so the group can offer customers networking and security expertise as well as its consultancy services. It made £1.7m profit on £6.1m sales in the year to January. '3net is very high growth and has very good margins,' said Maxima's chief executive, Kelvin Harrison.

Harrison's thinking is that being part of Maxima will enable 3net to accelerate its growth through bidding for much larger projects. Being part of the group has helped previous acquisition Hanston win its largest contract just three months after its takeover and Intertech win its largest within two weeks. '3net was missing out on winning larger contracts last year as it was seen as not being big enough – we're confident we will remove that obstacle,' Harrison added.

House broker Cenkos has upgraded 2008 forecasts slightly to 29.6p of earnings, with the EPS estimate for May 2009 having risen from 30.7p to 36.1p as the full benefits of the acquisitions kick in. Thus, the prospective p/e of 12.5 for this year drops to less than ten times going forward. Add.

Oliver Haill
Market cap: £53.5m
PE Forecast: 12.5
Share price: 288.5p

[maiseymouse] 03/5/2007 10:18

arbuthnot really likes this one

[maiseymouse] 03/5/2007 10:18

arbuthnot really likes this one

[marben100] 03/5/2007 09:28

Thanks for the alert on Edison, Tole

[tole] 02/5/2007 14:33

Updated note on Edison.

[tole] 02/5/2007 08:12

Maxima "buy"

Tuesday, May 01, 2007 8:03:26 AM ET
Seymour Pierce

LONDON, May 1 (newratings.com) - Analyst Derek Brown of Seymour Pierce maintains his "buy" rating on Maxima (ticker: VL7).

In a research note published this morning, the analyst mentions that Maxima has acquired 3net for £18 million. Seymour Pierce expects the deal to be accretive to the company's earnings in the year ending May 2008. Maxima has raised £11.5 million from an oversubscribed equity offering of 260p per share, the analyst says.

[tole] 02/5/2007 08:10

Yes looks like the news has been well received after a slow start yesterday - now looking at new highs. :)



It has raised £11.5m through a placing of 4,423,077 shares at 260p each. The placing was completed at a discount of 3.7% to the mid-market price of Maxima shares on April 30.

Maxima said the offer had been substantially over-subscribed and had resulted in the introduction of a number of new shareholders

[currypasty] 02/5/2007 08:00

opening up this morning... buy gone through at 3 quid !

[currypasty] 01/5/2007 16:29

good strong rise today on aquisition news, up 12.5 at 280 -285

[currypasty] 01/5/2007 08:08

2.70-2.75 up 2.5, the market likes the news !

[currypasty] 01/5/2007 07:41

2.60 is a good price IMO, with market price 267/273. They have done well to get such good support !