Mxc Capital Share Discussion Threads

[suneday] 19/9/2018 16:39

If Cannacord sold into the market, then perhaps EBT the buyers - both part of larger trades shown. Not what I had in mind. That's if indeed it's the EBT buying.

[suneday] 18/9/2018 20:37

Well, that's pretty much confirmed this as the bottom, and all this buying part of a well-timed master plan and an indication that they're ready to roll. Hopefully very soon. Like tomorrow. Or the next day.

[jayfella72] 18/9/2018 20:02

81m volume! Nice.

[chimers] 18/9/2018 16:51

You know they are not stupid these people!!
They will want to buy as many as they can in the open market for as little as they can.

So share buyback and then..........DEALS.

[jayfella72] 18/9/2018 15:38

More massive trades. Share buy back?

[suneday] 18/9/2018 10:31

All their scheming will be leading to a happening, I'm sure. But it's become a bit ponderous at the moment. They have partnerships now to deal with - no bad thing as far as scrutiny and due diligence goes, and it is LG who are the customers of the buy and build at the end. Continue to wait it out.

[jayfella72] 17/9/2018 17:36

Some massive trades just shown up. 26m buys. Not long now!

[chimers] 17/9/2018 09:52

I think our buyback might have begun!!

[suneday] 15/9/2018 16:13

In principle, there seems no reason why the company should not buy back into treasury, if they felt the need, in addition to Oak Trust into the EBT, which is a different matter entirely. Just airing that thought.

[jayfella72] 13/9/2018 18:18

Remember reading a while back that Smith used to sit on the board at Oak Trust. Nothing on their website now. Good news today though. Upwards from here.

[suneday] 13/9/2018 18:07

You would think they'd want to buy some cheaply as well as supporting the ongoing share price, so we should get a lift from here soon, and that should feed into the future MXLG acquisition news.

[chimers] 13/9/2018 09:26

The share price is now going to be supported by a steady share buyback which will take up several hundred million shares!!
And remember these shares are to be used as staff incentives so they fully expect them to soar above their buyback price!!.

[chimers] 13/9/2018 09:24

Hold on tight this is going to moon.

Their enormous cash pile is about to start making some noise!!

[chimers] 13/9/2018 09:22

Jon Ravenscroft, chief executive officer of Ravenscroft, said the deal benefits both companies.

‘This is a long-term investment which aligns Ravenscroft’s interests more closely with those of MXC with whom we have already established a successful working relationship. We expect opportunities to refer work to each other and believe there is potential for further synergy in the future, which will further benefit our shareholders and our loyal and hard-working teams,’ he said.

[chimers] 13/9/2018 09:22

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

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.

[chimers] 13/9/2018 09:21

‘We are delighted that Ravenscroft has decided to take a significant stake in our transactional businesses, demonstrating their belief and confidence in the MXC model. It is testament to the excellent relationship we have built with Ravenscroft as a result of working together on the GIF and we look forward to building on that relationship to create further value for both MXC and Ravenscroft’s shareholders,’ he said.

[chimers] 13/9/2018 09:20

Ravenscroft which is the investment fund vehicle of Hargreaves Lansdown founder now owns a vested interest in MXCP.
They have £4.4 Billion under management.

Nice to have wealthy in-laws.

[chimers] 13/9/2018 08:30

It is possible that the EBT (share buyback) intention has doubled from £2.25m to £4.25m.
The £2m borrowed might be so they can get things going quickly but I'm thinking its a top up and the amount freed up for buying shares is actually £4.25m.
You see £1.75m is payable as of the deal being completed, well....it's completed. The balance being paid in Jan.
So they would not need the.£2m for tiding them over for a few weeks.
No, I recon the share buyback will be for at least £4.25m worth of shares and possibly more as it alludes to it being added to.
This will really take up the slack in the shares.

[chimers] 13/9/2018 08:22

Sweet, that's step one done n dusted.
The share buyback can now begin and it looks like they want it to start asap.
News is going to start rolling in any day now re deals!!.
Enjoy.

[ibansmxcp] 12/9/2018 12:49

Yes AD4 is not doing very well but its value to MXCP is only around £1m currently so if it goes bust it won't be a disaster and the tax loss can be utilized against gains elsewhere.
If they manage to turn it around then it will be a bonus for us.