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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Maxima Hldgs | MXM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 23.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 23.75 | 23.75 |
| Top Posts |
|---|
Posted at 22/10/2012 16:50 by wh1spa Just out of curiosity Ch1ck can you put any names to the "larger,better run and more profitable suitors". At some point people will realise that although MXM is being picked up for a modest sum, the enlarged business will be worth far more than their current combined MCAPs. Its just a matter of time and ,looking at MXC's history, once the synergy has been completed who's to say the while shebang wont be sold off for 3p+. |
Posted at 17/9/2012 19:13 by varies This deal looks very likely to proceed. Those of us who bought MXM on account of Mr. Smith's arrival cannot complain since he knows both companies well and will continue at the helm. I have probably paid an average of 25p for my shares and was getting a little worried before this announcement.One point does bother me a little and this is the claim that £900,000 p.a. can be saved by having a single AIM quotation for the combined company rather than one for MXM and another for RED. Does it really cost this much to maintain an AIM quotation ? Several AIM companies in which I hold shares are smaller than MXM and I supposed that the cost was nearer £200,000. No wonder we see AIM companies abandon this market. Another point I would make is that shares quoted at about 1p are less attractive than those quoted at about 10p because the spread tends to be higher as a percentage. I wish RED would consolidate its capital and this seems a good opportunity that they have decided not to take. |
Posted at 03/7/2012 14:42 by aishah Cut and Paste - Hmmn. They run a couple of funds so put people's money in some of the stuff they recommend. MXM was a buy much higher up; stance changed to Hold on profit warnings; now changed to Average down post recent news flow as in their view MXM is now at a turn around point. |
Posted at 02/7/2012 12:18 by rhotoid Well spotted Wh1spa, thanks for posting.Must admit I hadn't really considered that private equity are under pressure themselves to do deals just to stay in existence, it may well tip someone's hand into taking on mxm and at a good price. |
Posted at 12/6/2012 21:06 by wh1spa Considering MXM have in effect put themselves "up for sale" there seems to be no lack of confidence in their offering.Hopefully a bidding war will ensue! |
Posted at 26/4/2012 12:49 by wh1spa nice contract wins ..... will these have helped push the asking price up? If MXM do have a buyer lined up is there some rule stopping them from buying up the stock at current levels as it seems to be very undervalued at the moment. Anyone? |
Posted at 20/4/2012 23:13 by wh1spa Maxima (Aim: MXM)During their heyday back in 2007, shares in Maxima, the Scottish IT firm, reached a high-water mark of 329p. Its customers included big names such as the Driver and Vehicle Licensing Agency, Balfour Beatty, Caledonian and Orange, after it blazed a fast-paced trail of 11 acquisitions. But the board didn't anticipate the credit crunch, which cut off a vital source of funding at a time when corporate clients were also tightening their belts. Four years on, after a string of disposals and the departure of the CEO and chairman, Maxima seems to be back on its feet. Today, its bread- and-butter business is based on delivering and managing services including cloud computing, hosting, software applications, data centres and networks management. Net debt has been cut and is now at a comfortable £4.2m (or about twice EBITDA). Additionally, there's a possible £0.5m of cash due from an escrow account. Executive chairman Ian Smith (who owns a 14.5% stake) said after releasing the interims in February that "this market is experiencing good growth and has been the focus of attention for numerous acquisitions, particularly by private equity, indicating the attractiveness of the recurring revenue base. We have seen good renewal rates from our annuity contracts recently and the disposal programme has enabled us significantly to reduce debt." In the absence of broker estimates and/or guidance from the board, I believe the slimmed-down group is delivering proforma sales and underlying EBITA of about £35m and £2m respectively. On this basis I rate Maxima on a multiple of 70% of sales, which, adjusted for its debt, dishes up an appetising fair value of more than 50p per share, or nearly double today's level. Moreover, if I'm right and the end-game is eventually to dispose of the group to the highest bidder once the current restructuring is over, the price tag could be considerably higher. So what could go wrong? Being a relatively small player, Maxima could get squeezed by its larger and better-funded rivals. It is also is exposed to the usual risks associated with managing contracts and technological change. Rating: SPECULATIVE BUY at 26p (market capitalisation £9.5m) |
Posted at 20/4/2012 14:13 by rhotoid Not heard or seen a peep Wh1spa, looks like we might be waiting all the way until the finals in August....I wouldn't necessarily equate no news with good news, I guess the only news we'll get is either a material contract win, or corporate transaction of being sold etc. If they can pay down debt from good solid trading then we may have massive upside but with a history in the past with mxm of ballsing up the basic business ,it may be one of those long wait and see scenarios. |
Posted at 02/2/2012 10:46 by rhotoid Good spot Wh1spaBetter then losing contracts but most of the revenue will be one-off for the implemenation I guess , inherent problem with this type of business from a share point of view keeping the cashflow and profits yr on yr, I have to say Mssr adams does look abit creepy in the picture though. DO you reckon results should be due around now?, I'm hoping there may be abit of a turnaround - particularly on the balance sheet side - mxm has always seemed to have the potential to rocket once balance sheet payed down but infantile mgmt ruined it all. |
Posted at 19/9/2011 16:30 by glasshalfull Looks like MXM Capital - AKA Ian Smith - is going to take part in some form of fundraising/ placing in relation to Maxima & sale of the legacy businesses?With MXM's recent results a lot healthier than the market had priced in then this is a situation where we could do with Ian Smiths "nous" to drive growth (EDIT:- & also extract value). I just hope that they don't give a slice of the company away too cheaply. Having said that, I've added a few today. They are valued way too low with everything considered IMHO and as I've documented throughout the recent history on this thread. Regards, GHF |
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