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MCAP Macaulay Capital PLC

21.50
0.00 (0.00%)
23 Apr 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Macaulay Capital PLC AQSE:MCAP Aquis Stock Exchange Ordinary Share GB00BNKBMF25 Ordinary shares
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 21.50 0.00 15:29:50
Bid Price Offer Price High Price Low Price Open Price
5.00 30.00 23.00 16.50 21.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 21.50 GBX

Macaulay Capital (MCAP) Latest News

Macaulay Capital (MCAP) Discussions and Chat

Macaulay Capital Forums and Chat

Date Time Title Posts
22/5/201114:00Mission Capital - How far will it go ?28
09/6/200908:45RESPONSE TO AGM STATEMENT ISSUED BY MISSION CAPITAL PLC2

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Macaulay Capital (MCAP) Most Recent Trades

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Macaulay Capital (MCAP) Top Chat Posts

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Posted at 15/1/2011 14:44 by loobrush
Anyone know the latset here I belive a deal has been done and will be relisted shortly,watch the price jump
Posted at 08/6/2009 08:32 by double6
Hmm - litigation outstanding etc....

MCap £300k.

Assets (excl Goodwill) circa £800k, but with potential for costs for any high court trial.
Posted at 13/5/2007 23:04 by haroldthegreat
no activity on the board but the share is rising. why?
Posted at 26/1/2007 07:11 by 34trader
Mission Capital Disposal


RNS Number:1818Q
Mission Capital PLC
26 January 2007



STOCK EXCHANGE ANNOUNCEMENT

MISSION CAPITAL PLC


26 January 2007

Disposal of shareholding in Abraxus Investments Plc


Mission Capital Plc ("Mission Capital" or the "Company") announces that
yesterday sold its entire holding of 10,041,740 ordinary shares in Abraxus
Investments Plc ("Abraxus"), representing approximately 29.15 per cent. of
Abraxus' issued share capital, for 6.5p per share. This gives Mission
Capital gross proceeds of #652,713 in cash which represents a profit to the
#648,188 held in the Company's consolidated balance sheet as at 30 September
2006. The Company intends to continue to explore investment or acquisition
opportunities in line with its stated strategy.

Chairman Neil Sinclair said: "We are very satisfied with the price achieved
having regard to the market price and net asset value of Abraxus Investments
Plc."


ENDS


For further enquiries:

Mission Capital plc
Neil Sinclair (Chairman) Tel: 020 7917 2797
Emma Sinclair (Managing Director) Tel: 020 7917 2799

Hudson Sandler
Michael Sandler/Kate Hough Tel: 020 7796 4133
Posted at 26/1/2007 06:30 by 34trader
25 January 2007 Abraxus Investments PLC

(the "Company") Holding in CompanyThe Company has today been notified by Mission Capital Plc that it has todaysold its entire holding of 10,041,740 ordinary shares in Abraxus InvestmentsPLC, representing approximately 29.15% of the Company's issued share capital, at6.5p per share


xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


Independent 26th Jan 07


"Abraxus Investments surged 2.5p to 6.62p after a significant transaction that resulted in 20.9 million shares changing hands during the session. The majority of the stock was traded at 6.5p, a decent premium to Wednesday's close, indicating a significant buyer is interested in building a major position in the stock."
Posted at 04/1/2007 09:29 by haroldthegreat
why the price increase?
Posted at 29/6/2006 09:28 by kdixon148
Chairman's Statement



It is with pleasure that I announce our interim results for the period ended 31 March 2006 and at a time when the Company is in the course of being transformed.



Dealings commenced in the shares of the company, Mission Capital, on the Alternative Investment Market of the London Stock Exchange ("AIM"), on 05 December 2005.



After costs, we raised £2.8m via a placing of 60,560,000 ordinary shares at 5p per share. Whilst we have no turnover to report, as our acquisition does not fall into this financial period, interest income has been received. We report a loss on ordinary activities before taxation of £29,951 representing a basic and diluted loss per share of 0.062p. At this stage, the Company will not be paying a dividend.



Part of our core strategy was to purchase property related businesses which own and/or manage property, such as car parks or care homes. On 05 June 2006 we announced the acquisition of Karspace Management Ltd (KML), a privately owned company specialising in the provision of car park and traffic management services to both the public and private sector.



Founded in 1992 and based in Tonbridge, Kent, KML currently manages car parking contracts throughout the UK in both public and private sectors, including a number of niche Local Authority and NHS Trust contracts. For the year ended 31 March 2006, KML's audited accounts show a turnover of approximately £5.3m and a pre-tax profit of £0.25m. As at 31 March 2006, KML's audited net assets were £0.6m.



The maximum consideration payable for the acquisition is a total of £2.6m. The initial consideration payable was £1.9m, comprising £1.2m in cash and £0.7m through the issue of 10,370,371 new ordinary shares at 6.75p per share.



The deferred consideration of up to £0.7m is conditional on two separate aspects. The first relates to the outcome of an existing contract, which once concluded satisfactorily, will release up to £0.4m, which is payable half in cash and half through the issue of new ordinary shares at 6.75p per share. The second is dependent on the level of adjusted pre-tax profit for the year ending 31 March 2007, where the maximum payment will be £0.3m in cash.



It is our intention to seek to expand our car parking business both through acquisition and organic growth as we see significant opportunities in the car parking sector. Following the acquisition, both Managing Director Emma Sinclair and I have joined the KML Board.



Over the course of this year, Mission Capital has increased its shareholding to 29.15% of the issued share capital of Abraxus Investments plc ("Abraxus"), a company quoted on AIM. We note the recent announcement by Abraxus of the sale of its Hungarian subsidiary which we understand is due to realise a price in excess of the monies spent by Abraxus. As a major shareholder, we anticipate some discussions with management as to the future direction of the company.



In our admission document we noted that the current economic climate in the UK was not conducive to ready made good value property investments. However, the rise in swap rates and the recent increase in volatility in the stock markets will, in my view, introduce some caution in respect of the types of properties that we are seeking. We believe that this will therefore create opportunities for Mission Capital.



This is my first opportunity to thank the initial shareholders who supported our successful flotation last December and our advisors. In addition, our three non-executive directors, Robert Burrow, Michael Guthrie and Giuseppe Ciardi have been incredibly helpful and insightful in these first few months.



On a personal level, working with my daughter Emma has proved to be not only enjoyable but also intellectually stimulating. As Managing Director, she has approached the task with enormous enthusiasm and tenacity and she is determined that your Company becomes a significant one.



We are looking to the future with confidence.





Neil Sinclair

Chairman



29 June 2006





For further enquiries:



Hudson Sandler Tel: 020 7796 4133
Michael Sandler / Kate Hough





Mission Capital Plc

Profit and Loss Account
For the period ended 31 March 2006





Unaudited

Notes

Period to

31 March 2006

£






Turnover


-






Administrative expenses


(66,810)






Operating loss


(66,810)






Interest receivable


36,859






Loss on ordinary activities before taxation


(29,951)






Taxation


-






Loss for the financial period


(29,951)






Basic and diluted loss per share
2

(0.062p)




There were no recognised gains and losses other than the loss for the financial period.




Mission Capital Plc
Balance Sheet
For the period ended 31 March 2006




Unaudited


Notes




£
Period to

31 March 2006

£

Fixed assets



Investments
3

628,874






Current assets




Debtors

24,141


Deposits and Cash at bank and in hand

2,962,544









2,986,685







Creditors: amounts falling due within one year
(19,921)







Net current assets


2,966,764






Total assets less current liabilities


3,595,638






Capital and reserves




Called up share capital


874,886

Share premium account


2,750,703

Profit and loss account


(29,951)






Shareholders' funds


3,595,638











Mission Capital Plc

Cash Flow Statement
For the period ended 31 March 2006





Unaudited


Notes

Period to

31 March 2006

£






Net cash outflow from operating activities
4

(71,030)






Returns on investments and servicing of finance








Interest received


36,859






Cash outflow before use of liquid resources and financing
(34,171)






Financing




Issue of ordinary share capital


2,996,715






Net cash inflow from financing


2,996,715






Increase in cash in the period


2,962,544











Mission Capital Plc

Notes to the Financial Statements
For the period ended 31 March 2006


1. Accounting Policies



1.1 Accounting Convention

The financial statements are prepared under the historical cost convention.



1.2 Compliance with accounting standards

The financial statements are prepared in accordance with applicable accounting standards, which have been applied consistently (except as otherwise stated).



1.3 Investments

Fixed asset investments are stated at cost less any permanent diminution in value.



1.4 Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.



2. Basic and diluted loss per share

The calculation of loss per share is based on the loss after taxation for the period divided by 48,319,385 shares, being the weighted average of shares in issue during the period.



Fully diluted loss per share is also based upon the above figures as there are no dilutive potential ordinary shares in issue.



3. Fixed Asset Investments



£

Cost







Additions

628,874





As at 31 March 2006

628,874





Provisions for diminution in value







Charge for the year

-





As at 31 March 2006

-





Net Book Value







As at 31 March 2006

628,874





Market Value







As at 31 March 2006

477,972






Holdings of more than 20%

The above investment relates to Abraxus Investments Plc (AXU), a property development and investment company.



Consequent to Mission Capital Plc's admission to trading on AIM, Ordinary Shares were issued at the Placing Price to acquire approximately 19% of the issued share capital of AXU, an AIM listed company, under a share Exchange Agreement. On 27 March 2006, Mission Capital Plc issued further shares in order to increase its holding and as at 31 March 2006 the company held 27.75% of the ordinary share capital of AXU.



In respect of AXU, for the last relevant financial year ended 31 March 2005, the aggregate of capital and reserves was £1,987,120 and a loss of £431,467 was made.



In May 2006 the Company increased its holding in AXU to 29.15%.



The Company is not directly involved in the operational and financial policies of AXU and so does not exercise significant influence over its investment. Therefore, the investment is considered to be an ordinary fixed asset investment and not an associate.



4. Reconciliation of operating loss to net cash outflow from operating activities.








Unaudited








Period to

31 March 2006

£






Operating loss

(66,810)

Increase in debtors


(24,141)

Increase in creditors


19,921






Net cash outflow from operating activities






(71,030)




5. Major non-cash transactions

The Company issued 9,569,106 shares at 5 pence per share in exchange for 6,634,444 shares in AXU. A further 2,359,506 shares were issued at 6.375 pence per share in exchange for 2,935,000 shares in AXU. These additions are considered to be ordinary fixed asset investments.



6. Post Balance Sheet Events

In June 2006 the Company acquired Karspace Management Limited (KML), a privately owned Company specialising in the provision of car park and traffic management services to both the public and private sector. The acquisition was for a total maximum consideration of £2.6m, which includes £0.3m dependent on KML's results for the year ended 31 March 2007. The initial consideration payable was £1.9m, comprising £1.2m in cash and £0.7m through the issue of new ordinary shares. The remaining consideration of up to £0.7m is conditionally deferred.



7. Financial Information

The financial information set out above does not constitute financial statements. The financial information for the period ended 31 March 2006 is unaudited. This interim report is being sent to all shareholders and will be available to the public from the Company's registered office, 29/30 Fitzroy Square, London, W1T 6LQ.



Mission Capital Plc:

Mission Capital has been formed as an acquisitive vehicle focusing on assets and businesses related to, or connected with, property. The Company's strategy is aimed at securing both cash generative and medium-to-high yield businesses and real estate in the UK comprising cash generative property services businesses, property related businesses with potential asset backing and properties where active management could increase the value.





Share Price Information:

The Company's share price appears daily in the financial columns of The Daily Telegraph, The Financial Times, The Daily Mail and The London Evening Standard.





Board of Directors:

Neil Sinclair: Chairman

Emma Sinclair: Managing Director

Robert Burrow: Non-executive Director

Giuseppe Ciardi: Non-executive Director

Michael Guthrie: Non-executive Director





Company Secretary:

Robert Burrow





Registered Office:

Goodman Jones

29-30 Fitzroy Square

London W1T 6LQ





Head Office:

211 Piccadilly

London W1J 9HF





Registered in England and Wales:

No. 5542221



END
Posted at 04/1/2006 14:58 by rarther
" Abraxus Investments PLC
("Abraxus" or the "Company")
Share Holdings in Company


The Company was notified on 6 December 2005 that Mission Capital PLC is interested in 6,624,444 ordinary shares of 5 pence each in the Company (" Ordinary Shares"), registered in the name of Pershing Keen Nominees Limited, representing 19.23 per cent of the issued share capital of the Company."

It seems abraxus (AXU) is developing an 80-room hotel in central budpest. company only valued at £2m with about £1m in cash.

So mission know how to spot value... but aren't they being a bit obvious with a 20% interest in a public company? if anything i would buy lots of AXU because it seems clear from mission's strategy that they are going to try and acquire a controlling stake in AXU, draw attention to the assets then pawn the development off?
Posted at 06/12/2005 08:31 by liarspoker
Another property investment play. With the property market being as it is the question is 'how far will Mission go ?'

Mission Capital (MCAP)
Sector: Real Estate
Market Cap: £5.32m Price: 6.25p

DYOR etc
Macaulay Capital share price data is direct from the London Stock Exchange

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