Mxc Capital Share Discussion Threads

[chimers] 11/9/2019 13:45

You Imposter......

[williamcooper104] 11/9/2019 13:41

Apparently I'm TW now too

[williamcooper104] 11/9/2019 13:34

Yep - me too - glad I persisted in getting my top ups

[chimers] 11/9/2019 12:28

Large money buying now!!?

[chimers] 11/9/2019 09:38

They are about to lump £21m into new investments.
The transactional biz is on fire raking in the fee's
They have £5m invested in the GIF along with their £1m fees for running it and a new fund on the way.
MXLG is making a profit.
And none of this includes any new business they will likely be working on.

I wish though that they would merge AD4 and IDE and save costs and boost them even more.

[suneday] 11/9/2019 08:45

No reason at all why MXCP can't trade above old NAV for past period - it ought to with forward prospects like any other company. Maybe people beginning to see that. We might finish up with a divi if it does. Plenty headroom here.

[suneday] 10/9/2019 16:37

Thanks Same thoughts. But fish and chips. And we don't know what benefits there the future may bring.

[chimers] 10/9/2019 16:18

They might raise funds for further investing .

[chimers] 10/9/2019 16:11

Somebody paid £1.14 for a few!!

[suneday] 10/9/2019 16:11

Thinking about the demerged company, do you agree that with shares being granted pro-rata on MXCP holdings, that that will keep shareholders deriving benefit from both as though not demerged, and in fact better off because full value of trading arm can now be recognised. And there appears no chance of dilution there, because it will not need to raise cash having regard to the income, and it will become immediately dividend paying. And finally, that the cheapest way to get the shares and take full advantage of the Ravenscroft tie up is through the pro-rata issue. They won't come cheaper, if you can get them. Seems entirely straightforward. Circular will come, but just wondering if you see any holes in it. I don't.

[suneday] 10/9/2019 15:18

Can't grumble. Keeps going N/T. to buy.

[chimers] 10/9/2019 12:53

Turned out nice here again today!! ;)

[sentrum1104] 09/9/2019 20:20

I don’t wish to pour scorn on today’s RNS but Ravenscroft are a market maker for TISE which looks a bit like a conflict of interest. I confess I am out of my depth on this and wonder if anyone else has a better understanding.

[suneday] 09/9/2019 17:20

Having thought about it, I think the little bit about MXLG is very telling. It means that things are going well, starting on profit with 3 company integration pretty easy, and there are acquisitions they're looking at, with the cash to cover all they want to do.

[icb888] 09/9/2019 14:49

A good trading update this morning. NAV of 116p against today’s share price of 103p. They are going to institute a buyback at 116p to help reduce the discount to NAV. The very positive progress continues and is reflected in the rise we have seen in the last couple of months.

[chimers] 09/9/2019 11:20

In September 2018, MXC announced the sale of 25% of the issued share capital of MXC Capital UK Limited ("MXCUK") to Ravenscroft Holdings Limited which valued the division at £9 million. MXCUK is a subsidiary of MXC and is the holding company of the Group's transactional businesses which receive the management, transactional and consultancy fees generated by the Group. The value of this division is not fully reflected in MXC's NAV and hence the Board is proposing to demerge this business into a new company and list this company on The International Stock Exchange in Guernsey ("TISE"). Should the proposed demerger be approved by shareholders, all existing shareholders in MXC will receive their pro-rata allocation of shares in the new company and its shares will be able to be traded on TISE. It is anticipated that the demerged business will be dividend paying. A circular will be sent to shareholders in due course with further details about the proposed demerger and subsequent listing on TISE and requesting shareholder approval.

[suneday] 09/9/2019 10:59

That's got to be right. And on the tender offer, keep an eye on the timing here, but I expect they'll tie that up. Actually, I'm thinking it may be worth, depending where we are, on selling what they'll buy at £1.16, and buying back in. But I suspect they have reason to believe the shares will be closer to £1.16 when it happens than they are now. Have to wait to see how it all pans out. But it's most definitely a situation to gain from by holding MXCP shares.

[chimers] 09/9/2019 10:45

The more MXCP you hold the more free shares in the new company you will hold.

[chimers] 09/9/2019 10:43

I don't think people have read this RNS properly lol.

[suneday] 09/9/2019 08:57

No way would I sell for £1.16. That's backed by the current NAV. That's my point - there's going to be news flow now as they make further acquisitions, which will drive us on anyway.