Mxc Capital Share Discussion Threads

[suneday] 13/6/2018 09:07

That's my starting point, regardless of what the company's actually doing ( it's not selling sand to Arabs, they are working at it, and the owner managers will not be in the business of damaging their own wealth with two new ventures of their own choosing ) and what the price might do upwards. Risk now next to nothing. And with their business acumen is it really staying down here for very much longer and over the next 3 years? I don't think so. Waiting for something from them now and follow-ups.

[suneday] 12/6/2018 10:56

Buying at 1.30 now. But just another day in the life of MXCP, who've newly started out on a 3 year plan. It would show remarkable ineptitude if Smith/Weaver and all couldn't improve their position ( and ours ) from here, particularly considering the resources put into securing Mxcp's part in the two latest ventures.

[suneday] 12/6/2018 09:29

It's consolidating for now - just a little higher off the low but a start.

[jayfella72] 11/6/2018 12:34

https://www.telegraph.co.uk/business/2018/06/10/foreign-investment-uk-technology-firms-doubles-just-one-year/

[suneday] 11/6/2018 08:33

I don't go there. Best you stay away. Catch you later, maybe.

[chimers] 11/6/2018 08:28

Handy tip No 73....
If it squeaks when you push the buttons it's not a phone.

The Early Learning Centre has caused a lot of confusion for some.


Not all..............just some.

[suneday] 11/6/2018 08:10

And if it was all predicated on MXLG, time scales, diversification, returns and so on, which it's not, I would consider that less inviting. Enthusiasm is one thing, nonsense another.

[suneday] 11/6/2018 08:06

I do not know. It is plain you do not either. I hadn't considered Santa. But the identity of the 'mystery' co-investor is of no consequence. These are two separate ventures.

[chimers] 11/6/2018 07:59

No its a fact.

Who do you think the "mystery" co-investor is ...Santa Claus?
Or............GIF.

Clue..............its not Santa.

[suneday] 11/6/2018 07:56

It's a Chimers misrepresentation then. There's no need, or place, for it.

[suneday] 11/6/2018 07:49

I will willingly read the 'written' source for your assertion.

[chimers] 11/6/2018 07:44

That is "ALL" it has been set up for.

[chimers] 11/6/2018 07:44

Cant you read then?

Suggest you learn.

[suneday] 11/6/2018 07:43

You been busy, but I think the idea that the GIF was set up to invest in 'basically ' MXLG is far fetched.

[jayfella72] 11/6/2018 02:48

The Board remains confident that MXC will deliver good returns for shareholders, both from the existing portfolio and from these two exciting new business relationships".

[chimers] 10/6/2018 22:46

Oh and by the by Stephen Lansdown is invested in it.
He invested knowing that the GIF has been set up to be investing in MXCP recommendations or......MXLG basically.

Yep THAT Stephen Lansdown of Hargreaves Lansdown.

[chimers] 10/6/2018 22:22

The Liberty Global deal is so astounding a deal for MXCP that Ian Smith is completely gobsmacked that the share price is where it is at right now.
I know this as he told me.

He would tell you as well if you called him!!

The LG deal could be worth 10 times the complete value of all the companies MXCP have a holding in combined!!

ALL the other stuff is keep the lights on gear and the LG deal is your new Yacht/House/Mistress/

10p first target.

News soon.

Enjoy.

[dplewis1] 10/6/2018 09:51

As a new investor here that is good to read and I appreciate the summary. I'm most interested in the Liberty deal, I know that company well having worked in leveraged finance a few years back - they do not mess about.

[jayfella72] 10/6/2018 09:29

A great explanation Suneday of where we currently stand. Thanks.

[suneday] 09/6/2018 22:26

The chart looks terrible, but one should look beyond that, and at the re-awakened management. Company affairs are transparent, and the management well-known in IT circles. The chart has been bad for ages, coming down from what in hindsight might have been an overvaluation. But shares go up as well as down.

Redcentric was a blow in 2016, far enough to go back, knocking £9m off the portfolio value overnight, and now there is the far lesser misfortune in the shape of Ide. No remarkarkable event took place in between, though the portfolio value has dropped over time. Pi's, with reason, got sick and tired of the seeming paralysis of management, and voted with their feet ( in fact of late, as they've said, they were using their resources to make the latest ventures a reality) Redcentric interests are now worth very little, but they are there and dependent upon what happens to that company may show greater value. Anything from them would be a bonus. That's history, and the market also knows about Ide, MXCP buying more shares, and putting up £750k of the £2m loan notes whilst they work on it.

I do not see the portfolio value dropping materially further, and in the short term it is likely to be swings and roundabouts with the investee companies offsetting each other, and hopefully some improvement. I do not follow all the investee companies closely, but Castleton will be next to report a week on Tuesday. The last update on that one was very positive.

In short we are where we are portfolio wise, with at 28th. Feb., net assets of £63.2m and portfolio valued at £46.4m ( I haven't sought to revisit the accounts and update ) The Market Cap is £43.65m.
Make what you like of that, but there is nothing whatsoever in the price for the working company, what it's doing now, it's experience, and ability to monetise it's investments, They have access to funding. We do not know how they structure deals with their co-investors, but they will be beneficial to MXCP.

On that front, there are two new opportunities on which they stake their future. Everybody knows what they are and I will not repeat my post 4234, but both will provide fees which I suspect will do more than tick the company over. The Ravenscroft/GIF one is quite straightforward and comment unnecessary. In relation to Liberty Global, they had sought a finished job, failed to find one to fold into Virgin Media Business ( so say, but why else would a company like that go down this route) so decided to build one with MXCP with a customer waiting. So there is effectively advance notice of a company sale, price to be agreed.
It won't be quick, though deals might be, or easy. Building a large successful company never is, but Liberty Global believe they can do it.

MXCP have long been unhappy with the share price, and that's another positive as, oft mentioned on here, management and concert party have 52% of the shares. Their own money is as much on risk as ours.
They say, "We do not believe that the current level of our share price fairly reflects the quality of our assets or the opportunity for shareholder returns that MXC represents."

At this stage with what is known that must seem like fair comment, particularly as we're coming off the new low at this price, with investors just starting to see value. All investments carry risk, but the lower the price the less the risk. I believe it's minimal, and as these things go about as low as it gets.