Share Name Share Symbol Market Type Share ISIN Share Description
Mercom Cap LSE:MCC London Ordinary Share GB00B979BX21 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +3.23% 16.00p 15.50p 16.50p 16.25p 15.50p 15.50p 92,690 09:02:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.6 -4.0 - 2.76

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Date Time Title Posts
24/10/201617:11Mercom with charts26

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Mercom Cap Daily Update: Mercom Cap is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MCC. The last closing price for Mercom Cap was 15.50p.
Mercom Cap has a 4 week average price of 8.81p and a 12 week average price of 5.49p.
The 1 year high share price is 21.25p while the 1 year low share price is currently 1p.
There are currently 17,226,773 shares in issue and the average daily traded volume is 1,509,360 shares. The market capitalisation of Mercom Cap is £2,799,350.61.
tidy 2: Lse saxxxon post Ok.... Excuse me if this sounds daft but I'm just trying to make sure I have the whole picture here....7th Oct.... 3x RNS's are released stating that Calvet are loading up on stock and quickly.... Mercom realise Calvet are looking to make a major run for a large controlling chunk of the company and to prevent this they release an RNS at Mid day calling for an GM to allot more shares thus diluting Calvets stake and scuppering their intentions.17 Oct....RNS released stating that Calvet have over 10.19% of the allotted shares and are requisitioning a GM for the purpose of making Board changes and bringing in a strategy for increased share holder value. Thus making potentially hostile intentions for control of the company.18th Oct....RNS released stating Calvet now have 12.32% of allotted shares. Large bulk buying is still occurring and the share price is climbing. Calvet are buying up shares but at an increased price and possibly not going to be able to hit the required blocking %21st Oct.... Mercom release RNS stating that they are in discussions with Calvet regarding an indicative proposal they have made which ALSO includes "a very material fundraising at a substantial premium to last night's closing price". Mercom then also state that the previously proposed GM is cancelled.In Summary.....So Am I correct in saying that Calvet were making a run for a large stake in Mercom because they have a reason to believe there is major unnoticed value in the company. Mercom have seen this and to fend off Calvet were intending to issue themselves with more shares thus diluting the sh%# out of Calvet's hostile run for the company. Also Mercom then retain the percentage of potentially large future profits by only diluting the share price but at no cost to themselves. Calvet seeking to negate this keep increasing holdings and seek to make board changes. With the share price ever increasing Calvet decide to make a proposal to Mercom instead. So Calvet are now looking to buy into Mercom at a premium instead of potentially losing out. That way Calvet get a piece of the action and Zorbas and Mercom still control the company and the share price doesn't get diluted. That way everyone wins and gets a piece of this potentially massive pie Mercom have been quiet about and Calvet have cottoned onto. This pie still being unknown but we suspect it's Mercoms 35% stake Viet energy's coal to gas play in Vietnam. ????????????????Is this correct or am I still not on page?
hedgehog 100: What's happened to the strategic shift to fintech, which got investors so excited earlier this year?!! 03/03/2016 18:00 UK Regulatory (RNS & others) Mercom Oil Sands Plc Result of AGM " ...Investing Policy To acquire a diverse portfolio of direct and indirect interests in the financial services and financial services technology and in the natural resources and energy sectors (with a focus on oil and gas). Investments in the latter sector may include investments in businesses or companies engaged in the refining and supply of oil and gas products...." 30/09/2016 16:24 UKREG Mercom Capital Plc Final Results and Investment Update "...During the year ended 31 March 2016 there were two issues of equity, and on 4 March 2016 the Company announced that its name had been changed to Mercom Capital Plc, reflecting the fact that its strategic focus had shifted to investing in assets in the natural resources and energy sectors, with a focus on oil and gas. The name change had been approved by shareholder resolution at the AGM the previous day...." After keeping investors waiting patiently for much of the year for news on an exciting fintech acquisition, the company seems to have forgotten that its meant to be looking at this!!
Mercom Cap share price data is direct from the London Stock Exchange
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