Mxc Capital Share Discussion Threads

[chimers] 03/11/2016 14:23

Nom nom nom............

[chimers] 03/11/2016 14:09

More thoughts from the IC...........


Aim-traded MXC Capital (MXCP:3.24p), a technology-focused merchant bank run by a management team that has been successfully backing investee companies they represent as well as earning lucrative advisory fees, has announced a tender offer. It's one worth participating in if you followed my advice to buy the shares at 2.65p ('Deal makers', 31 May 2016), or for that matter when I updated the investment case at 3.02p ('Playing the flotation game', 3 Aug 2016).
MXC plans to use £3m of its £15m cash pile to buy back 83.3m shares at 3.6p each on the basis of one share tendered for every 41 held. That cash pile is far higher than I had forecast. The tender offer has now opened and ends on 9 September and is available to all shareholders on the share registrar when it closes. Of course, there is nothing to stop you from tendering your shares to MXC and then buying them back in the open market, the benefit of which is to lower your average buy-in price. It's certainly one way of rewarding shareholders for the profits the company has been making on its portfolio.
For instance, MXC has cashed out £10.4m by selling 5.8m shares in Redcentric (RCN:180p), a UK IT managed service provider to bank a £7m gain ('On the acquisition trail', 5 Jul 2016). MXC still holds almost 50,000 shares, worth £90,000, and owns call options over 1.7m shares with a strike price of 32p, and a further 7m call options with a strike price of 80p. These options are 'in-the-money' to the tune of £9.5m. MXC also successfully backed the Aim flotation of Tax Systems (TAX:79p), a leading supplier of corporation tax software to the large corporate sector and the accounting profession in the UK and Ireland. MXC subscribed for £8.7m-worth of new shares as cornerstone investor in a £45m placing and holds warrants over 6 per cent of the 76m shares in issue, the majority exercisable at 67p, but some at 61p. These warrants are showing a paper profit well over £500,000 and MXC's holding of 15.2m Tax Systems' shares is now worth £12m.
So, with MXC's dealmakers making bumper returns for shareholders, the general stock market environment now more favourable for corporate activity, the company cashed up to do more deals, and the shares rated on a modest premium to book value, I continue to rate them a buy on a bid-offer spread of 3.16p-3.24p. Please note that the official spread is wider, but be disciplined when placing your orders as it's easy to deal between the spread in sensible bargain sizes.

[chimers] 03/11/2016 14:08

What the IC thinks................

The bottom line
In other words around three quarters of MXC's current market value of £103m is backed by hard cash and equity investments. That mitigates risk and means that only a modest premium of £22m to proforma book value is being ascribed to the dealmaking ability of MXC’s corporate financiers. Clearly, the £7m profits earned on the Redcentric share sale, and the quickfire multi-million pound gains made from the holdings in Tax Systems and Coretx highlight the added value of MXC’s deal makers.
So, with the company cashed up to make further investments, and having access to credit facilities too, I feel that MXC’s shares are worth buying on a bid-offer spread of 2.92p to 3.02p and maintain a target price of 3.75p. Please note that the official spread is wider, but it’s easy to deal between the spread in sensible bargain sizes.

[chimers] 03/11/2016 13:58

Final results out within a few weeks now!!

Hmmmmmmmmmm

[chimers] 03/11/2016 13:57

I wonder if this "NEW PARTNER" lumped in £1m of his childrens inheritance at 3p ?
Hmmmmmmmmmmmmmmmmm



MXC Capital Limited

("MXC" or the "Company")

Senior Appointment

MXC (AIM: MXCP) the Aim quoted technology focused merchant bank is pleased to announce a senior appointment.
Paul Gibson joins MXC as a Partner, adding further strength to its roster of Operating Partners providing strategic and operational leadership to MXC's investee companies. Paul will focus on developing and expanding MXC's portfolio of software focused businesses.
Paul has had a highly successful career in the TMT sector, most recently as Chief Operating Officer of Advanced Computer Software plc ("ACS") prior to its acquisition by Vista Equity Partners for £725 million. In his five years at ACS Paul oversaw a period of exceptional value creation and transformation, with responsibility for driving both organic and acquisitive growth. Prior to ACS, Paul held a number of senior roles in both financial and operational capacities, latterly as Finance Director of Redac Limited, the Alchemy backed turnaround that was subsequently sold to ACS for £100 million. The foundations of Paul's career were built at Unigate, GrandMet (now Diageo) and Oracle.
Paul Gibson explains "I'm greatly impressed by the MXC model and the results the company has achieved in its relatively short life. I believe that there are further significant opportunities for MXC in the TMT market right now and I'm delighted to be joining the team at this time."
Peter Rigg, Chairman of MXC, said:
"Paul has a great track record of value creation and we are very pleased he is joining us. We look forward to the contribution we believe he will make to our investee companies".
Contact

[chimers] 03/11/2016 13:54

Ian Smith has stepped down at his other job ,is it to spend more time here lol ?

Ian Smith is buying MXCP shares...................hmmmmmmmmmmmmm

[chimers] 03/11/2016 13:53

Tony Weaver quit his other job to spend more time here.
Errrrr Tony Weaver is BUYING MXCP shares ..............hmmmmmmm

[chimers] 03/11/2016 13:51

Hmmmmmmmm......................is this a clue ?
Mebbe's.........................


MXC Partner invests £1 million in the Company

MXC Capital Limited (AIM:MXCP), the AIM quoted technology focused merchant bank, is pleased to announce that an Operating Partner in MXC, is investing £1 million in the Company by way of a subscription for 33,333,333 new ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 3 pence per share. The subscription price reflects the share price of MXC at the time the Operating Partner joined the Company and represents an 18% premium to the share price at which the Company recently raised capital from institutions in May 2016.

[chimers] 03/11/2016 13:49

Its the trades you CANT see that should interest you ;)

Soon, my precious .....soon

[chimers] 03/11/2016 13:45

CTP IS FINISHED EVEN SMITH HAS STEPPED DOWN.

MXCP has other fish to fry.

WATCH
























AND























































LEARN.

[missjojo] 03/11/2016 13:22

I agree with others MXCP does look down, long term ok, but looks to be heading down to test 2.60. I wasn't going to chance it so moved my money out. There is the chance CTP will release something good and change things here. But with the rest of MXC's portfolio falling apart I decided to cut my loss here. Hope I am wrong.

[chimers] 01/11/2016 08:27

I wonder if the Hole will get his old job back lol ;)

[chimers] 01/11/2016 08:23

I expect a large fund raising and MAHOOSIVE dilution by the diddly by.
365 is currently overvalued by about £2 million and as they need to dilute the best way to partake is direct if at all.

[chimers] 01/11/2016 08:21

See I told ya!!

Clearing the decks and doing the housework ready for action :)

WTS.


365Agile Group plc

("365Agile" and the "Company")



Board Changes





365Agile announces that Jill Collighan, Finance Director, and Colin Hutchinson, Non-Executive Director, have stepped down from the board of directors (the "Board") with immediate effect. The Board would like to thank both Jill and Colin for their contribution to the Company

[chimers] 31/10/2016 10:15

IAN SMITH STEPS DOWN FROM CTP!!

THIS!! is where the action will be ....watch n learn.

[chimers] 26/10/2016 11:48

Nom nom nom..............

[chimers] 25/10/2016 07:07

Chomp chomp chomp.

There ya go now , its as if MXCP are up to summat ;)
Needs more time for something mebbes!!
Watch, tis written in the sand.............

Redcentric plc (AIM: RCN) today announces that Tony Weaver will step down from the Board with effect from 1 November 2016.

Tony has served on the Redcentric Board since the Company floated in April 2013 and is stepping down to concentrate on his activities as a Partner at MXC Capital Limited. MXC Capital Markets LLP will remain as the company's retained M&A adviser having advised the business since its demerger from Redstone plc.

[chimers] 24/10/2016 08:54

Nom nom nom nom......................................nom

[pottermagic2310] 21/10/2016 19:35

You are funny Chimers !!!! Looks very tempting at about 2.9p ???????

[chimers] 21/10/2016 15:01

Nom nom nom ;)