Mxc Capital Share Discussion Threads

[chimers] 13/8/2018 16:20

Yes some strange action been going on recently.

Oh did any off you grab the free money on offer?
I will tell you bout it later.

[jayfella72] 13/8/2018 16:05

And another £33k buy!

[jayfella72] 13/8/2018 14:24

Nice £33k buy.

[suneday] 13/8/2018 08:17

Buying into the corporate finance side of the business, they will be able to influence the source of any external funding, for co-investment, for example as with future MXLG acquisitions. In at the ground floor.

[ibansmxcp] 13/8/2018 07:52

Follow the money.

[ibansmxcp] 13/8/2018 07:50

Wow so,

Mark Harries is the most recent addition to the set-up, having joined the firm in 2016 from Aberdeen Asset Management where he was head of multi-manager. He was introduced to Lansdown by an “old friend” and echoes Bousfield’s sentiment on the culture, saying a “real passion” of his, having skin in the game, is essential.

“If you are trying to encourage investors in, you need to put your money alongside them,” he adds. “That is the way it should be.”

[ibansmxcp] 13/8/2018 07:50

Ravenscroft was founded by Jon Ravenscroft in 2005 as a private client stockbroker called Cenkos Channel Islands. Mark Bousfield, managing director of Ravenscroft, says somewhat tongue in cheek that back then it was “just a handful of people and a dream”.

Twelve years later, the firm has a headcount of more than 80, offices in Jersey, Guernsey, Peterborough and, most recently, London, and £2.87bn assets under management. It has big ambitions to expand into the UK onshore wealth market, yet remains a close-knit organisation with more or less every employee either owning a share of the business or investing in the firm’s Huntress range of funds, or both.

[ibansmxcp] 13/8/2018 07:49

This is who now own 25% of MXCUK...now why?

WHY did they decide to buy into this?

Look at what they do.

[ibansmxcp] 13/8/2018 07:48

After moving to Guernsey, Lansdown received “plenty of offers” from companies seeking to secure the platform mogul’s capital, but only one caught his eye as offering the potential to grow and deliver the top quality customer service he felt was lacking in the industry. Step forward Ravenscroft.

“The team is very infectious and you can see the talent and the potential,” he says. “The attraction to me was if I could help them fulfill that then the business can grow.

“What we are providing is something I’m not sure the UK has seen for a while: a fresh approach and new fund range into the UK market. What I see as attractive is finding a growing new fund I can invest into and participate in the leverage that can give you, rather than investing later.”

As such, Lansdown became a shareholder in December 2012 and was appointed a non-executive chairman in September 2015. He now owns 28% of the company.

[ibansmxcp] 13/8/2018 07:47

And this info comes courtesy of 'Raleigh' on LSE.

These guys are big time and remember they bought 25% of MXCUK a subsidiary of MXCP only 3 weeks ago.

Ravenscroft non-executive chairman Stephen Lansdown, the billionaire founder of the UK’s biggest independent private client brokerage, Hargreaves Lansdown (HL), financial services, in this country.

[ibansmxcp] 13/8/2018 07:43

Thanks to Jayfella for the above info.

[ibansmxcp] 13/8/2018 07:43

Hemingbrough also said that any acquisition made by MXLG will be an IT company which it will then grow organically.

Since starting her role at the end of June, SICL has added 10 more to its headcount, and Hemingbrough stated that the firm will continue to grow staff over the next three years.

"Part of MXLG's plan is not just to acquire, but also to grow each business that they acquire, so it's organic as well as acquisitive," she said.

[ibansmxcp] 13/8/2018 07:42

"I spoke to SICL's previous owners and was excited about SICL as a business," she explained.

"Then it was acquired by MXLG and they got me in and told me about the plans they had in relation to their organic growth and acquisition trail and I got really excited. So I hung up my self-employed hat."

Hemingbrough says MXLG was "absolutely" a factor in her returning to a role in a channel business.

[ibansmxcp] 13/8/2018 07:41

Some great research and info coming out, well-done guys.

SICL was purchased in April by MXLG, a joint venture by technology-focused investor MXC Capital and telecoms giant Liberty Global. It was the first purchase for the recently formed company.


"The plan is for further acquisitions over a three-year period. SICL was the first one made and the plan is to acquire other businesses whereby we all have complementary services spread over the UK so that we can all work cohesively," she said.

Hemingbrough also said that any acquisition made by MXLG will be an IT company which it will then grow organically.

Since starting her role at the end of June, SICL has added 10 more to its headcount, and Hemingbrough stated that the firm will continue to grow staff over the next three years.

"Part of MXLG's plan is not just to acquire, but also to grow each business that they acquire, so it's organic as well as acquisitive," she said."

[jayfella72] 12/8/2018 13:38

"I spoke to SICL's previous owners and was excited about SICL as a business," she explained. "Then it was acquired by MXLG and they got me in and told me about the plans they had in relation to their organic growth and acquisition trail and I got really excited. So I hung up my self-employed hat."https://www.channelweb.co.uk/crn-uk/news/3037239/working-with-xmlg-too-good-an-opportunity-to-pass-up-says-sicls-new-exec

[1msi] 10/8/2018 09:53

https://www.channelweb.co.uk/crn-uk/news/3037239/working-with-xmlg-too-good-an-opportunity-to-pass-up-says-sicls-new-exec

[jayfella72] 10/8/2018 03:17

https://guernseypress.com/news/business/2018/08/07/ravenscroft-to-acquire-25-shareholding-in-mxc-capital/

[suneday] 09/8/2018 10:11

Extra money there for Mxc to draw on. Mxc just starting to catch on, pre. announcements, and into profit for some of us. Should go on and do everybody well.

[cottoner] 09/8/2018 08:53

CTP still on the up.

[chimers] 08/8/2018 08:38

He had senile dementia when he was 18.

[sogoesit] 08/8/2018 08:36

Lol. Vince Cabale is my MP.
He's currently suffering from senile dementia so getting a bit old for anything other than verbal diarrhoea.