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Share Name Share Symbol Market Type Share ISIN Share Description
Mxc Capital Limited LSE:MXCP London Ordinary Share GG00BGK3LD00 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -0.66% 75.00p 73.00p 77.00p 75.00p 75.00p 75.00p 11,028 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 1.0 -7.9 -0.2 - 50.40

Mxc Capital Share Discussion Threads

Showing 4826 to 4846 of 4850 messages
Chat Pages: 194  193  192  191  190  189  188  187  186  185  184  183  Older
DateSubjectAuthorDiscuss
17/6/2019
17:52
Still spending Investors money on acquiring Shares for the EBT for the benefit of a select few then !!!! How many £millions have been syphoned off now ?
mdalos1
17/6/2019
16:48
The EBT then. 8.39%.
suneday
13/6/2019
16:57
Seems that if transparency rules are being followed, it was not the EBT buying the last large tranche(s) of shares. One purchase of 563000 would take them from 7.41% to 8.24%. There has been no holdings RNS (yet) So maybe they found somebody else to pick up the slack alongside the EBT.
suneday
07/6/2019
11:00
Two trades of 422.25k showing
1msi
07/6/2019
10:39
£422k just bought.
suneday
29/5/2019
14:20
They originally said the EBT would buy 'in the market'. It seems it is not exactly as I thought, in the open market, looking at the dates the last 2 holdings RNSs went through notification levels.
suneday
10/5/2019
10:32
He's got a little number now though to tide him over.By the way I am of the same view, that whatever happens with Ide, and indeed Adept, can likely only be viewed as a bonus as things stand. And having said that, Mxc are back on track.
suneday
10/5/2019
10:20
Its tough at the very top!! he was the guy who built up Capita from nothing. Later on they overextended, he was handed that chalice by others in the company who left.
chimers
10/5/2019
10:05
At least he's got a job he can handle, probably well. His own departure from Capita doesn't seem to have been exactly voluntary.
suneday
09/5/2019
17:45
Oh and I spoke to Parker a while back. He came in to help IDE as a favour to Smith once on track I expect he might leave. He is sensible and well grounded I hit him with price scenarios and he didn't flinch. 6p 8p 12p all within recovery range but 30p is asking a bit much was what I took from it all. But we all kinda knew that anyhoo. He was apoplectic with what had been allowed to go on and lost for words at the cretinous stupidity and ineptness...criminal was mentioned from memory.
chimers
09/5/2019
16:51
Some good buying today.....
jayfella72
09/5/2019
13:48
Investors Chronicle It’s taken time, but investors are warming to the merits of Aim-traded shares of MXC Capital (MXCP:85p), a technology-focused merchant bank run by a management team that backs investee companies they represent. I last outlined the investment case six months ago when I suggested buying the shares (‘MXC cashed up to do deals’, 7 November 2019) ahead of December’s annual results at the equivalent of 65p a share (there was a 50-for-one share consolidation in February 2019). There has been some positive news flow on several fronts that has driven the re-rating. Firstly, having sold off the company’s shareholding in Castleton Technology (CTP), a provider of technology products and services to the social housing and not-for-profit sectors, at a bumper profit last summer, MXC subsequently increased its holding in Tax Systems (TAX), a leading supplier of corporation tax software to the large corporate sector and the accounting profession in the UK. It proved the right call as that company was taken over by a private equity firm last month. MXC realised £24.2m in cash and made a cash profit of £9.3m on its holding in Tax Systems, representing a 62 per cent gain on its invested capital. As a result MXC had net funds of £23.5m when it released its half year results yesterday, a significant amount in relation to its net asset value of £62.3m, or 97p a share. Secondly, MXC’s two partnerships are now generating over £1m of fee income. One is with a subsidiary of Liberty Global, the international TV and broadband company, and the other is with Ravenscroft an independently owned investment services group based in the Channel Islands with £4.7bn of assets under administration for private and institutional clients. MXC acts as consultant to Ravenscroft in its role as investment manager to the GIF Technology & Innovation Fund in which the States of Guernsey and MXC are invested. The fund was started with an initial investment pool of £38m of which MXC contributed £5m. Eight investments have been made to date, another four are close to completion and the aim is to be fully invested by year-end. The joint venture with Liberty Global to create an IT services provider focused on small- and medium-sized business customers within the UK through a series of acquisitions is starting to gain momentum too, having made two new investments earlier this month: Koris Communications, a managed communications provider offering cloud solutions with a specialist focus on Mitel telephony and Skype for Business solutions; and 365 ITMS, an IT services company providing networking, security services. Both joint venture partners have to date invested £3.5m each in the three acquisitions made. So, with MXC returning to cash profitability in the first half to end February 2019, and Ravenscroft and Liberty Global backing the company – Ravenscroft has paid £2.25m for a 25 per cent stake in MXC’s transactional businesses, so clearly sees value in MXC’s deal makers – then there is potential for the share price to return to a decent premium to net asset value if MXC can achieve its target of delivering a 2.2 times return on capital over the next four to five years. The proviso being that MXC can replicate the success it enjoyed with Castleton and Tax Systems and stay clear of the poor investments – Redcentric (RCN), a UK IT managed services provider that hit major trouble a couple of years ago being the major one – that blotted its copy book previously. Moreover, given the improvement in trading prospects, and reflecting MXC’s strong balance sheet, the directors are now looking at introducing a capital return programme. Buy.
suneday
09/5/2019
10:39
https://www.insidermedia.com/insider/central-and-east/joint-venture-acquires-koris-communications-group
jayfella72
09/5/2019
00:00
MXC Capital pours more cash into Liberty Global joint venture.https://www.sharecast.com/news/aim-bulletin/mxc-capital-pours-more-cash-into-liberty-global-joint-venture--3880073.html
jayfella72
08/5/2019
12:28
Now that there are only 67m shares in issue any share buyback would really tighten things up. And remember MXCP has NO DEBT and £23m in cash to go shopping with.
chimers
08/5/2019
09:48
It is very unusual to see so much positive rhetoric from Ian Smith as he is usually the master of understatement.I don’t believe he would make these comments unless they were clearly out of the woods.
sentrum1104
08/5/2019
09:46
97p here we come
1msi
08/5/2019
09:32
Great update today. Onwards and upwards.
jayfella72
08/5/2019
09:11
It's turned a corner. Expect a follow up. https://www.investorschronicle.co.uk/comment/2018/11/07/mxc-s-cashed-up-to-do-deals/
suneday
08/5/2019
07:28
In conclusion, it has been two testing years to get to a point where we see a normalised trading performance for MXC and I thank our team for all their hard work and loyalty in getting us here. We now have a platform from which to grow again and I am quietly confident that there are good times in front of us and that we will be reporting ever stronger returns as we grow our now established partnerships with Liberty Global and Ravenscroft and look to add new ones. ............AMEN
chimers
08/5/2019
07:22
IDE Group Holdings plc ("IDE") and Adept4 plc ("AD4") are the last remaining public company assets that the Group holds and are both investments where MXC tried to scale its business by deploying executive management teams, a strategy which has not rewarded us as investors. We have demonstrated considerable support for IDE and now hold an equity stake of over 40% and loan notes of £8.0 million. We have been fortunate to secure the services of Andy Parker as Executive Chairman of the business and both myself and Max Royde, as the representative of another sizeable investor, sit on the board of IDE, with Charlotte Stranner, an MXC partner sitting as interim CFO. The period has been one of stabilisation as we rapidly sought to right size the company from the bloated state it had become. To date, more than £8 million of costs have been reduced with ongoing initiatives continuing to eat away at the cost base. There are several onerous contracts that the company has to work through which will impact cash generation for the next 18 months but we believe there is a good underlying business and a platform from which we can recover value.
chimers
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