Mxc Capital Share Discussion Threads

[sentrum1104] 02/5/2019 08:38

Isn’t 365 ITMS the company that IDE sold off last year for 3m ?

[chimers] 02/5/2019 08:15

They have bought 2 new companies to add to the MXLG partnership and spent very little of their cash pile :)
Only £1.2 m spent
I reckon the companies cost around £5m so MX and LG each ponied up 1.2m and the rest has been funded by MXLG borrowings :)
So we still have our cash mountain INTACT.
What's not to like.

[chimers] 02/5/2019 07:03

("MXC" or the "Company")



Investment into Joint Venture with Liberty Global



MXC (AIM: MXCP), the technology focused adviser and investor, is pleased to announce that it has made a further investment (the "Investment") into MXLG Acquisitions Limited ("MXLG"), its joint venture with Liberty Global Europe 2 Limited ("LGE2") (a wholly owned subsidiary of Liberty Global plc).



The Investment has enabled MXLG to complete the acquisitions of Koris Communications Group Limited ("Koris") and 365 ITMS Limited ("365") which represent the second and third acquisitions in MXLG's stated strategy of building an IT services business of scale targeting the UK SME market ("the Acquisitions").



Koris is a managed communications provider offering on-premise, hybrid, private cloud and cloud solutions with a specialist focus on Mitel telephony and Skype for Business solutions.



365 is an IT services company providing networking, unified communications and IT security services.



MXLG has financed the Acquisitions with funds from a senior debt facility with The Royal Bank of Scotland and equity injections from its shareholders.



MXC, together with a co-investor, have each made an equity investment of £1.225 million into MXC JV Limited ("MXCJV") to part fund the Acquisitions.



Following the Investment, MXC continues to hold 100% of the voting rights of MXCJV and continues to own 50% of its issued share capital. MXCJV holds 50% of the issued share capital of MXLG with LGE2 owning the remaining 50%.

[chimers] 30/4/2019 06:54

This could be very very very BIG.
And eventually could equate to £10 per share.

I can't say more, already in trouble for letting cats out of bags elsewhere.

You aint seen me right!!.....

[sentrum1104] 26/4/2019 08:42

Rising in low volume but will run into some selling soon. I think it could be a bit leaky. Time will tell!

[1msi] 26/4/2019 08:16

RCN on the up again this morning adding more value here

[chimers] 26/4/2019 08:15

It's as if................ ;)

[chimers] 26/4/2019 08:13

Morning Glory.................WHOOOOOOSH!!!!!

[jayfella72] 25/4/2019 16:22

The rise continues....

[suneday] 24/4/2019 16:51

Now Redcentric beyond 80p, Mxc can start making money again on its 7mil options.( unless I'm corrected )

[jayfella72] 24/4/2019 16:17

Nice rise and volume today.

[sentrum1104] 24/4/2019 16:06

Redcentric is also on the move. I wonder if there is a Liberty Global link?

[suneday] 24/4/2019 11:55

Turned into a long wait, but very gradually creeping up on no news. Must be on the basis of anticipation like the rest of us.

[jayfella72] 29/3/2019 17:48

Another £290k buy. News is close imo.

[jayfella72] 28/3/2019 12:15

A nice £289k buy just printed.

[suneday] 25/3/2019 10:51

Adding the January Ravenscroft cash, today's RNS sees £25.25m into the company this year that we know of.

[jayfella72] 15/3/2019 17:55

More delayed trades from yesterday totaling £300k.