Ide Share Discussion Threads

[ibansmxcp] 28/1/2019 19:32

Once the loan notes are all taken up this company is Debt free as such.
But what is the plan?
Are they going to buy some of Capita's business? Capita has been divesting itself of a lot of companies has it not.
Or a joint venture with Capita?
Or will it become part of the Liberty Global deal?
I wish they would tell us.

[ibansmxcp] 28/1/2019 19:30

And of course, last but first in of the 3 amigos is Ian Smith.
Now we know he came in here to rescue his money.
He had left it in the hands of fools and taken his eye off the ball.
Once he realised how lax this lot had been he parachuted himself into the company as CEO and started kicking the clowns who destroyed all the value here out the door.
Then he persuaded Parker and Royde to come onboard but for what?

The amount invested here by Ian Smith and MXCP and Max Royde and also don't forget Richard Griffiths who used to own his own stockbrokers and now invests his vast fortune in companies like MXCP and IDE is more than they would have lost had they allowed it to go bust.
He also upped his stake when they decided to rescue the company.

'Ian Smith has an extensive track record of investing in and managing technology companies and is co-founder and CEO of MXC Capital. Ian has sat on numerous boards and either led or been involved in a large number of transactions in the TMT sector. Ian led strategic change and value accretion at Redstone plc and Accumuli plc and was previously deputy executive chairman and CEO at Castleton Technology plc.

Mr Smith holds no direct beneficial interest in IDE Group, however is CEO and a substantial shareholder of MXC Capital.'

[ibansmxcp] 28/1/2019 19:23

And then a few weeks later Max Royde the founder of Kestrel Group the fund manager and also the founder of a startup and sold at a decent price 'Gresham Computing.'
Why would he join?
We know he is a heavy investor in IDE but partly not by choice was it.
It was that or say goodbye to the money he had invested here up to the point he had to throw more money at it as MXCP did.
Again this guy is no fool.
He will want a return on his investment.


'Max Royde is an experienced company director and co-founder of Kestrel Partners LLP, a London based fund management business whose clients are a significant shareholder of IDE Group. He is a fund manager of Kestrel Opportunities and has been advising and investing in UK smaller companies since 1998. Max is also a non-executive director of Ingenta plc.'

[ibansmxcp] 28/1/2019 19:18

I think it is about time they told us what the plans are here.
They have been too silent for too long.
I was running my eyes over this lot again and the same questions keep getting asked in my head.
Andy Parker can't be short of cash or offers.
So why is he here?
What made him decide to join this company knowing in advance full well what a disaster it was and what work it was going to take to turn it around.
So why would he bother or waste his time with it?
There has to be a plan?

'Andy Parker is an experienced commercial, operational and financial professional. A chartered accountant, Andy has held a wide range of commercial and finance roles culminating most recently in his tenure as Chief Executive Officer of Capita Group plc, the FTSE 350 professional support services company. Andy has held a number of finance director roles during his career and is a highly experienced public markets board director.'

[ibansmxcp] 28/1/2019 19:13

It's not an open offer for shares I think it is loan notes @£1 a time that is on offer?
1 for every 40 shares you hold @£1 each
Others might want to clarify though.

[ali47fish] 27/1/2019 13:56

please any idea whether the open offer is worth taking here?

[the monkster] 28/12/2018 21:46

Not 2.7 anymore. Suppose you do always know with MXC.

[tomboyb] 08/10/2018 13:47

Well -

Blue at 2.7p -

Never know with MXC -

[the monkster] 05/10/2018 14:34

lol. Is there anything left to work with though ??

[chimers] 05/10/2018 07:25

Kestrels Max Royed is a masterstroke.
You now have a FTSE100 board working for an AIM non-event.
Expect fireworks.

[chimers] 05/10/2018 07:17

They are rescuing this for a reason!!

[chimers] 05/10/2018 07:16

Now we have a FTSE100 giants CEO as OUR CEO lol.

Sweet.