Mxc Capital Share Discussion Threads

[mr roper] 08/9/2015 08:05

back to work!

[dougie13] 08/9/2015 07:13

Here we go

[multibagger] 08/9/2015 07:04

Another cracking buy for our stable :)


RNS Number : 3308Y

MXC Capital Limited

08 September 2015

8 September 2015

MXC CAPITAL LIMITED

("MXC" or the "Group)

Investment in Sagacity Solutions, established Big Data Analytics provider

MXC (AIM:MXCP), the Aim quoted technology focused merchant bank announces that it will acquire up to 29% of Sagacity Solutions Limited ("Sagacity"), an established, profitable and fast-growing business specialising in Big Data Analytics.

MXC will work with the Sagacity management to build the QTOX brand, and strengthen the company's position in the Big Data Analytics space both in the UK and abroad.

Sagacity has a blue chip client base in the Financial Services, Telecoms, Energy and Utilities sectors, where it offers Big Data Analytics solutions based on its Oracle-based QTOX software platform. Sagacity has core service offerings in the areas of data quality, revenue assurance and, customer value management and analytics through which it helps customers manage and extract value from their data.

The initial investment of GBP4.8 million for a 19% stake in the company has been satisfied from MXC's existing cash resources. A further GBP1 million of development capital may be invested at the option of MXC. In addition MXC has been granted options over a further 7.5% of the Company's issued share capital. In the financial year to 31 October 2014 Sagacity generated revenues of GBP4.8 million and EBITDA of GBP1.3 million and is expecting to deliver more than GBP7 million of revenues and over GBP2 million of EBITDA in the current year. This investment in Sagacity will sit alongside MXC's growing portfolio of IP rich software providers including Castleton Technology PLC and 365Agile Group PLC.

Peter Rigg, Chairman of MXC, said "The team at Sagacity has developed world class software that they are already providing to a blue chip client base. We believe this technology has very significant potential and we are excited by the opportunity to take this product to a wider market".

Contact:


MXC Capital Limited
+44 (0)20
Marc Young 7965 8149

Zeus Capital Limited
(Nominated adviser
and broker)
Nick How / John +44 (0)20
Treacy 7533 7727

Alma PR
+44 (0)7780
901979 /
Josh Royston / +44 (0)7515
Hilary Buchanan 805218


About MXC Capital

MXC is a specialist merchant bank with a track record of investing in and advising companies in the TMT sector. We bring together a deep knowledge of technology, first-hand experience of managing companies in the sector, an ability to make meaningful investments and a highly experienced corporate advisory team in support, all of which we combine to grow shareholder value.

This information is provided by RNS

The company news service from the London Stock Exchange

END

[l4z4rus] 04/9/2015 15:26

I get the feeling the coming weeks will start to show some serious movement and re-rating in the stablemates. Games afoot everywhere and much news expected on all fronts. Holding and adding (though it suits certain people's agendas to make out we've all sold up and moved on)

Good weekend all

[moormoney] 04/9/2015 14:46

Good to see MXCP going up again.

[mr roper] 04/9/2015 12:55

always movin, when noone's looking...shhhh..

[crapcrap] 04/9/2015 10:37

ibans,chimers, you been gagged by the BoD?
NEWS soon!!!!!

[ibans] 28/8/2015 11:34

Mr Roper,

I see, yeah, well 28th of September for that hence me saying September will be the start of things. I'm sure we will have moved significantly north by then from these levels. They way these guys work is to deal with the politics and red tape...then BOOM..newsflow start to flow!

[mr roper] 28/8/2015 11:10

Hi IBANS, confusion..Didn't mean stock consolidation , which i think will happen, but meant the conslidation of MXC holdings into MXC overall to make one company. Post that.. fireworkstime.

[ibans] 28/8/2015 11:00

Mr Roper,

Thay will no doubt consolidate at some point but there's not an imediate need to do so imo.

We know for a fact that they have PINN work where are set to guide them through acquisitions.

The same with CSI where they are appointed to guide them and also with 365Agile.

All this stuff has been on the back burner for sometime due to the holdings acquisition and they will be bursting to get on with BAU stuff again. September is going to be a big month and the start of some proper news flow imo.

Btw...even on a 10 for 1 consolidation your stock is worth the same. They aren't going to rip themselves off...they own the whole lot practicaly. It just means you hold less stock but it's worth more. If you have £50k's worth on monday and consolidate on tuesday..you still have £50k's worth.

[mr roper] 28/8/2015 10:08

remember what they did with Calyx, IBANS. Once these guys get the MXC consolidation done they will seriously go to work...

[ibans] 28/8/2015 09:48

mysteronz

if you look at 365agile alone MXCP's holding is now valued at over £3.2 mill.

They ammased that with an initial invesment of £850k from memory.

What will they do wtih £28 mill cash?

[mysteronz] 27/8/2015 18:28

THanks for the post ibans good to get different views

[ibans] 27/8/2015 11:14

mysteronz

I mentioned maytech as a possible a while back but nothing appeared. It's still very possible.

I appreciate all the posts above and highlighting the pro's and con's but I think they way to look at this now is that they have done all the gorund work, shuffled everything they own, merged it all into one simplified structure and have a stack of cash.

ie...they can now concentrate on business and making money and I wouldn't bet against them doing that in a big way. This was on the way to 5p before the placing to raise the additonal funds put the brakes on but it was still sitting at 4p after that and it can get back there no problem imo

These guys could do wonder with £28 mill cash. I think they will.

All about oppinions at the end of the day, sometimes we agree, some time we don't.

Happy to crawl back under my shell and let you's boys roll about a bit more :)

[mysteronz] 27/8/2015 06:37

Anyone thugh on whether they will bring Maytech to the market via PINN or CSI? Not much information on it apart from their website and that MXCP own 25% of it

[mysteronz] 26/8/2015 21:39

This part is key from the RNs

As at 24 August 2015, being the latest practicable date prior to publication of the Circular, MXC Holdings held investments in quoted companies with an aggregate market value of approximately £18.8 million (excluding the shares which it holds in the Company), and unquoted investments with an aggregate cost value of £758,000.

The RNS states that this is being treated as just £15m so that appears to be a positive of this.

[muffster] 26/8/2015 08:22

What for ? Explain. We need a reliable nav

[mysteronz] 26/8/2015 07:16

Thanks thats around £6m quick turn around profit just there!

[mysteronz] 25/8/2015 22:03

Does anybody know the option price for the 6% of Redcentric shares that this company will have when the merging happens? That combined with the 4% of RCN is £20m less the cost of exercising the options.

Plus the cost of the cheap CTP Options (below market rate) and you start to see additonal value in here.