Mxc Capital Share Discussion Threads

[suneday] 28/7/2019 11:01

And if anybody fancies MXCP, it's stable at the current price, trading well below last reported NAV of 97p ( must be higher now, despite little Adept losing a few pounds ) with getting on half its market cap in cash.

[chimers] 27/7/2019 22:58

And yes add this to the MXCP progress and all of a sudden they have maybe 30-40-50 million they never had a few weeks ago!!
So MXCP is also a strong buy now and Ravenscroft investors and associates might sit up etc.

[chimers] 27/7/2019 22:47

MXCP "could" flog IDE to MXLG ;)

Look...it makes complete sense.
They already sold part of IDE to them remember.

They have a vast amount of money tied up in IDE more money than any other company they have supported ever I think.
Ok, they had to.

But it has sharpened their minds, it has forced them into HAVING to sort out the IDE shambles.

I recon the remit was and is to get the rest of IDE sorted and roadworthy.
Get it taxed and MOT'd and THEN MXLG will agree to buy it.
They just need to road test it for a few more months or until next results maybe.


THAT WAY....MXCP get to cash out.
They can sell it to MXLG as I think it would fit in with what they are building.
But they had to sort it first.
So a price will be agreed that gets MXCP all its cash back the loan notes all repaid and a few quid for a taxi home.
ALL the other large holders would bite their arm of for a deal like that as they too would get their cash back plus something for their troubles.

MXCP get a massive wad of cash back into their kitty.
MXLG grows via another acquisition as is the plan...(thus increasing MXCP's value in MXPLG)
Kestrel etc all make good on the deal.
AND..........long suffering IDE holders get say 20p per share back.
Or 15p maybe it would be a case of working out what MXCP need for breaking even.
Some of their investment was at 4p remember so they have averaged down a great deal since the 30p days.

I would reckon anything between 12p and 20p would do them just fine and satisfy honour all round.
Could even be more who knows but I recon that's what they're going to do.

That makes IDE @3p a screaming BUY right now and its a fairly safe buy now as it is all back on track.

It's now one of these situations that I love.
What's the worst that can happen I ask myself ...well that would be 6p ish.
But plenty scope for 12p to 20p ...ish

Downside risk is minimal now as it is way undervalued for a company with £42m rev and EBITDA profitable right NOW!!
Bottom line profit should follow swiftly and a few deals are lined up a birdy told me.
That 'birdy' was Parker though he didn't quite put it like that as he is not allowed to but I can read between the lines.
Thats my fkn job!!

Downside risk overall would be that it sits where it is now and rumbles about at 2p ish until the next fair wind.
If it see's 2p again I will load up with more I may even be tempted above 2p.
Eventualy it has to be re rated.

And the great thing is everyone wins.

MXCP and Smith dig themselves out of a hole and get most if not all of their cash back and so do most others.
Shareholders apart from those who bought at 30p plus, also get most if not all back.
And 30p plus punters get more back than they thought they would a few months ago.
MXLG gets a new sorted addition
MXCP get more fees from all of that and it increases MXLG's value.

Now you and I know all the in's and outs here as we have followed it from the get go.
Most posters on IDE don't know a 10th of this stuff, they wont even know who MXLG are and the importance of it and how Smith controls all the switches.

They don't understand or "get" that this is a man who in the past has sold a company he owned to a company he owned to a company he owned and who ALL PAID HIM FEES for the privilege along the way and he then sold it again for a big pay day.
He is also the man who bought a company for £9million...split it up and sold part of it for £11m sold another part of it for £5m and then kept the bit he wanted and later sold it for over 12m or whatever it was.
AND ALL IN 3 FEKIN WEEKS.

Something similar will happen with IDE now I'm almost certain.

The more I think about it the more I think I should be buying even at 3p.
Think I will let the dust settle and then go in for a lot more.
I am certain all the booby traps and mines have been cleared.
And a few good new contracts will see its profits rise exponentially.
The end.

[suneday] 26/7/2019 10:43

' On the turn ' - last results headlines.

Interim results for the six months ended 28 February 2019

MXC Capital Limited (AIM: MXCP), the AIM quoted technology focused adviser and investor, announces results for the six months ended 28 February 2019.

Highlights

· Strong balance sheet, net assets of £62.3 million as at 28 February 2019 (H1 2018: £63.2 million);

· Net asset value per share of 97 pence (H1 2018: 94 pence);

· Return to profit at a Trading EBITDA level of £0.2 million (H1 2018: loss £0.8 million);

· Net cash of £3.3 million (H1 2018: £5.1 million), no borrowings;

Ø Net cash of £23.5 million at 7 May 2019, following realisations post-period end



· Acquisition by Ravenscroft Limited of 25% of MXC Capital (UK) Limited, the Group's trading business, for £2.25 million;

· Investments made during and post period end in relation to the joint venture with Liberty Global plc and the partnership with Ravenscroft Limited to advise the GIF Technology & Innovation Cell;

Ø Both of these relationships are now generating significant revenues for MXC


· Post period end disposal of investment in Tax Systems plc, generating a cash profit of £9.3 million and proceeds of £24.2 million;

· Loans advanced during the period of £7.3 million, including £4.3 million to IDE Group Holdings plc ("IDE") with a further £3.7 million advanced post the period end in order to enable IDE to repay its bank debt; and

· Proposed reintroduction of capital return programme.

Represents net assets plus market value of shares held by the Employee Benefit Trust as at 28 February 2019


Peter Rigg, Chairman, commented: "The results for the six months show good progress both with our investments and our partnerships. The period also saw us return to a profit at trading level. We remain confident of driving shareholder value both from our existing portfolio and partnerships and from new opportunities."

[suneday] 26/7/2019 09:59

It's maybe a bit strange. Had thought some might see that. Ignoring Adept ( exposure there only £240k now ) Ide was the only 'problem', and the main new initiatives involving Ravenscroft and Liberty Global are likely to see ongoing benefit. MXCP are 'on the turn' themselves, but pretty much unrecognised in pi world. I think it's a missed early opportunity here.

[chimers] 26/7/2019 09:47

Has added about £6million to the value of their IDE holdings currently.

[suneday] 26/7/2019 09:38

Huge interest in Ide, continuing into a second day so far. Any future value gained in Ide has to flow back into MXCP, where their personal interest lies, for Smith etc. to benefit. In any event, a held rise in share price will assist the NAV and the next accounts. I expect Investors Chronicle to do a follow up then, particularly in view of their 7th. November comments about Ide holding Mxc back though at he same time Thompson gave Mxc a buy. He didn't mention Ide, but was positive about the rest last time he commented and gave it a buy to a premium to the then ( lower ) NAV of 97p.

[suneday] 04/7/2019 17:25

1p on the bid and 2p on the ask. Bit strong for the sell and buy shown?

[suneday] 04/7/2019 11:09

My earlier thoughts were that I'd rather see somebody else buying. But I've changed my view. The shares stay in the company for reward, basically on share price, and put an extra squeeze on what's available ( a lot already with the in crowd ) Big help when we move up. It's really a buy back, without cancellation.

[jayfella72] 04/7/2019 10:41

RNS.... EBT now holding almost 12%.

[suneday] 03/7/2019 16:36

It seems the last may have been cancelled. Anyway, we've got another 1 million shares, £750,000, just gone through at 75p.

[suneday] 19/6/2019 09:33

A million pounds worth just gone through tagged at 75p. Gets things in far better shape I think. EBT or not, it puts an extra squeeze on the shares for the future.

[suneday] 17/6/2019 16:48

The EBT then. 8.39%.

[suneday] 13/6/2019 16:57

Seems that if transparency rules are being followed, it was not the EBT buying the last large tranche(s) of shares. One purchase of 563000 would take them from 7.41% to 8.24%. There has been no holdings RNS (yet) So maybe they found somebody else to pick up the slack alongside the EBT.

[1msi] 07/6/2019 11:00

Two trades of 422.25k showing

[suneday] 07/6/2019 10:39

£422k just bought.

[suneday] 29/5/2019 14:20

They originally said the EBT would buy 'in the market'. It seems it is not exactly as I thought, in the open market, looking at the dates the last 2 holdings RNSs went through notification levels.

[suneday] 10/5/2019 10:32

He's got a little number now though to tide him over.By the way I am of the same view, that whatever happens with Ide, and indeed Adept, can likely only be viewed as a bonus as things stand. And having said that, Mxc are back on track.

[chimers] 10/5/2019 10:20

Its tough at the very top!! he was the guy who built up Capita from nothing.
Later on they overextended, he was handed that chalice by others in the company who left.