Mxc Capital Share Discussion Threads

[muffster] 06/6/2016 07:44

Market cap now 111 million. Seems to overshoot each way, now too expensive, relative to profits. Unless of course each holding produces big gains.

[miton] 06/6/2016 00:06

IC

"I would also flag up that MXC already covers its costs as it reported underlying cash profit of £1.2m in the six months to the end of February 2016, largely earned from its advisory and capital markets business, so it is not dependent on capital gains on investee companies. However, clearly MXC's dealmakers are building up quite an enviable track record, a fact that's not reflected in a share price trading in line with book value. Indeed, the company made unrealised investment gains of £13.7m in the six months to the end of February 2016.
And it's not as though trading prospects are poor, far from it, as chairman Peter Rigg, a former Credit Suisse investment banker, notes that "we have a full pipeline of opportunities and [are] confident of prospects for the second half". He also pointed out that the board is "committed to distribute 20 per cent of realised gains on our portfolio to shareholders". That's worth noting because MXC is now sitting on unrealised gains of £27m on its equity portfolio.
I am also reassured that the insiders have substantial skin in the game as the concert party who own 66.9 per cent of the equity, including MXC's founders Mr Smith and Mr Weaver who control 35.6 per cent of the share capital between them, are well incentivised to maximise returns for all shareholders. Other MXC corporate financiers include Marc Young, former head of technology at broker FinnCap, and Paul Guilbert, an industry stalwart who has worked for private equity groups Permira and Alchemy."

[miton] 06/6/2016 00:05

IC

"MXC's dealmakers also acted as advisers to Aim-traded Coretx (COR:37.5p) when it made the earnings-accretive acquisition of C4L, a growing network services and data centre hosting business, in a £20.4m deal earlier this year. A few months earlier MXC originated Coretx's acquisition of Selection Services Investments, a UK-focused provider of IT solutions and cloud services, and backed the £34.8m deal with £12.9m of its own capital as a cornerstone investor in exchange for a 24.9 per cent equity stake in Coretx."

[miton] 06/6/2016 00:04

IC

"In aggregate, MXC holds an equity portfolio worth £73m, of which listed investments and call warrants account for over 92 per cent of the valuation. These holdings also include a £1.8m shareholding in Aim-traded software company 365 Agile (365:48.5p), and a £4.6m investment in Aim-traded Pinnacle Technology (PINN:6.25p), a provider of converged technology solutions. These two investments are currently showing a paper profit of £1.6m on cost. MXC's shareholdings in private companies were worth £5.5m at the end of February 2016."

[miton] 06/6/2016 00:02

IC

"To add value to its investments MXC appoints its own directors to the boards of these companies so that they can be actively involved in the day-to-day management of the businesses and leverage their operational experience. For example, its team of bankers assist the boards of investee companies to define the strategy and the structure of the businesses; help source both equity and debt financing; and utilise MXC capital advisory's expertise in originating and executing transactions."

[miton] 06/6/2016 00:02

IC
"The company's strategy involves taking sizeable stakes, typically between 10 per cent and 29.9 per cent, in UK-focused technology businesses, principally quoted ones but also private, which have near-term potential to be profitable and cash-generative. MXC generally focuses on business-to-business opportunities and principally investments in quoted companies, although opportunistic investments in undercapitalised or distressed businesses are also considered. Specific areas targeted include IT services, particularly managed services, IT security, the 'Internet of Things', robotic process automation, financial technology and internet service providers (ISPs)."

[miton] 06/6/2016 00:01

From the IC.

It's not often you can buy shares in a cash-rich and profitable merchant bank at book value and get a free ride on the dealmaking ability of its smart corporate financiers. However, that's exactly what's on offer at Aim-traded MXC Capital a technology-focused merchant bank run by a management team who have been successfully backing investee companies they represent as well as earning lucrative advisory fees.

[chimers] 03/6/2016 10:45

Chimers 2 Jun'16 - 10:42 - 2786 of 2795 3 1 edit

Oh its better than that much better.

You see it was an ONLINE article.

Investors Chronicle comes out on a Fri.
TOMORROW.

The article was very long and detailed , if you know and read Simon Thompson 2 page column in the IC each week you will know that often the entire 2 pages is taken up with his coverage of ONE company.

Now what you have to ask yourself is this PUNK.

Do you fell luc.................oh hang on no what I mean is.............

Did he research and write that long detailed article just for online punters ?
Or as is more likely will it be published TOMORROW.
If it goes out to the masses tomorrow which I suspect is possible then..................


YOU BUY TODAY.
Durrrrrrrrrrrrrr

AMAZEBALLS and WOWSERS..............cant find me trousers.
Oh there they are , standing where I left em.

[chimers] 03/6/2016 10:44

Oh and now that ts out from behind the paywall some of it can be posted after say 1 week.
It can also be commented on NOW though.
Enjoy.

[nickg2] 03/6/2016 08:48

Nice tick up today please! Some good buys in today...

[chimers] 02/6/2016 11:02

You have been handed the key to the cookie jar and have about 5 hrs to see how many cookies you can grab.
Munch munch.

[chimers] 02/6/2016 11:00

When something has had a "good run" its time to take a profit and take a rest.
Thats what the phrase means in investing blurb.

I wonder if ST thinks CTP has had a "good run"

[chimers] 02/6/2016 10:44

You see to win you gotta be in.

And you want to be in before Flyn.

Just imagine having tomorrows newspaper today ;)

What an opportunity that would be eh.

[chimers] 02/6/2016 10:42

Oh its better than that much better.

You see it was an ONLINE article.

Investors Chronicle comes out on a Fri.
TOMORROW.

The article was very long and detailed , if you know and read Simon Thompson 2 page column in the IC each week you will know that often the entire 2 pages is taken up with his coverage of ONE company.

Now what you have to ask yourself is this PUNK.

Do you fell luc.................oh hang on no what I mean is.............

Did he research and write that long detailed article just for online punters ?
Or as is more likely will it be published TOMORROW.
If it goes out to the masses tomorrow which I suspect is possible then..................


YOU BUY TODAY.
Durrrrrrrrrrrrrr

AMAZEBALLS and WOWSERS..............cant find me trousers.
Oh there they are , standing where I left em.

[leedsu36] 02/6/2016 09:07

Like I said,people will be picking up that article all this week and 100k @ £3k is nothing for most investors,good movement on just them small amounts.

[leedsu36] 01/6/2016 14:12

I envisage their next reward to us will be around 4-4.5p,they have a license to print money now from all their investments if and when they choose to,they have already started to print it at certain investments of theirs.

[leedsu36] 01/6/2016 14:05

You should have taken the 3.6p they offered,then return when lower,must say didn't expect 2.5p though,got a few but majority around 2.7p,plenty of upside now lined up while they're reaping rewards from all their pies.

[chimers] 01/6/2016 12:07

No not now , what you do is buy on the way up.

You ADD to the winners and dump the losers.

Then you will make money.
Most on here dont.

3.14 to buy is still a decent price.

[pottermagic2310] 01/6/2016 11:56

Can we buy at 2.5p ?!!!

[chimers] 01/6/2016 07:41

PS.
Look at the chart 3 perfect bounces just above the 2.5p watermark.

VALUE.

Look what happens after each test of 2.5p.

Way to go eh!!