Share Name Share Symbol Market Type Share ISIN Share Description
Mxc Capital Limited LSE:MXCP London Ordinary Share GG00BGK3LD00 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 48.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
43.00 53.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 3.26 9.06 14.60 3.3 32
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 48.00 GBX

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Date Time Title Posts
16/9/202120:49MXCP New Management New Partners New Deals574
03/12/201912:50MXC Capital 2014 Vehicle for acquisitions4,327

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Mxc Capital Daily Update: Mxc Capital Limited is listed in the Mobile Telecommunications sector of the London Stock Exchange with ticker MXCP. The last closing price for Mxc Capital was 48p.
Mxc Capital Limited has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 67,203,349 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Mxc Capital Limited is £32,257,607.52.
trill1: No,hold on to them. There will be more opportunities to sell into future share buy backs and at a higher price.
suneday: 18 September 2020 MXC Capital Limited ("MXC" or the “Company", together with its subsidiaries, the “Group”) Results of General Meeting and Tender Offer As announced on 2 September 2020, the Board of MXC resolved to return up to £4.3 million of capital to Shareholders via a Tender Offer. The Tender Offer closed at 1.00pm on 15 September 2020. General Meeting The Company announces that at the General Meeting held at 10.00 a.m. on 17 September 2020, all resolutions proposed in the Notice of General Meeting attached to the Circular in relation to the Tender Offer, waiver of annual general meeting requirement, amendment to the articles and disapplication of pre-emption rights, published by the Company on 2 September 2020, were duly passed. Results of Tender Offer The Company confirms 43,881,869 Ordinary Shares were validly tendered and 5,789,336 Ordinary Shares will be purchased at a price per Ordinary Share of 75 pence, for an aggregate consideration of £4.3 million. Tenders for up to and including the Tender Offer Entitlement of 1 Ordinary Share for every 10 Ordinary Shares will be met in full. Tenders received for surplus Ordinary Shares will be met at the rate of 0.009474 Ordinary Shares for each surplus Ordinary Share tendered over and above the Tender Offer Entitlement of 1 for 10, rounded down to the nearest whole Ordinary Share. The Ordinary Shares to be purchased under the Tender Offer represent approximately 10.0 per cent. of the Ordinary Shares in issue. All of the 5,789,336 Ordinary Shares purchased by the Company will be cancelled. Cheques will be dispatched for certificated Ordinary Shares purchased pursuant to the Tender Offer and payment will be made through CREST for uncertificated Ordinary Shares purchased pursuant to the Tender Offer, in each case, on 28 September 2020. Total voting rights With effect from 28 September 2020, the total number of exercisable voting rights in the Company will reduce from 57,893,365 to 52,104,029. Capitalised terms used in this announcement shall have the meanings given in the Circular referred to above which is available on the Company’s website www.mxccapital.com
suneday: The share price has become irrelevant to me now ( it's at the old 1.17p! ) NAV is the figure. The only option for me is whether to buy - but that involves tying more cash up on the dark side for maybe 5 years. If you have faith in them as a private company and they will deal relatively fairly with the EBT ( I don't know what it's linked to but I think it's probably successful exits ) and so on, then if everything goes well and in accordance( over 2x over 4-5 years, they said ) excellent returns are possible from here.
jim digriz: Well, there's another way of dealing with the ever low share price.
jim digriz: Don't know what's going on with the share price (beyond that value stocks on AIM still seem to generally be down). I tried to sell a small amount recently to fund a top up of an even more depressed share and there was basically nothing doing so I didn't bother. Looks like someone who was keener to sell had to take 66p (spread was something like 70-74 yesterday). Would be a good moment for the board to do a bit more of a buyback or announce something positive!
chimers: She remains at CC as a non-exec. But MXCP have always wanted her back to work on more important projects.(Their words) Also remember MXCP made it clear they don't want involvement in any listed company again. The only way they can achieve that is a quick sale 18 months tops imo of both IDE and CC. The new guy at CC is from Calynx so still extremely incestuous. Thats the company Weaver fisted RCN shareholders with by allowing MXCP to buy it for 10m and sell "PART" of it to RCN for 20mill lol. The figures are not accurate but thats basically what they did it was staggering rape of RCN coffers by the then CEO allowing his left had to sell something he had just bought to his right hand that RCN shareholders would have to and did pay for . You have to admire the audacity.
chimers: And dont forget MXCP have £5m of MXCP money invested in the GIF. And another fund is set to be rolled out which MXCP will also gain fees from for managing. I take issue that they have never RNS'd any news re the GIF or MXLG progress but assume legaly they don't have to. And that they personally don't want to. This is a shame as it would have helped the share price here.
chimers: MXC’s valuation gains worth exploiting Simon Thompson MXC Capital (MXCP:90p), a technology-focused merchant bank run by a management team that backs investee companies they represent, is set to report a bumper set of annual results for the 12 months to 31 August 2019. That’s because there have been material movements in the value of its listed investments, the most dramatic being the near five-fold increase in the carrying value of MXC’s stake in IDE (IDE:7.35p), a £29m market capitalisation mid-market network, cloud and IT managed services provider. IDE has gone through a cost reduction programme to create a more appropriate and profitable cost base. It has been successful which has its customers the reassurance they needed. This also means that IDE’s management can now focus on driving the core activities of the business to rebuild value for shareholders. This is clearly happening. In IDE’s latest annual results, chairman Andy Parker revealed that “towards the end of the 2018 financial year, several of our material customers renewed their contracts, some on a multi-year basis, and at the time of writing (28 June 2019), the pipeline of opportunities across the business both with existing and new customers and partners is the strongest it has been since my involvement.” The improvement in trading has worked its way through to a much improved financial performance, too, as “IDE has been trading profitably at an adjusted cash profit level in the year to date.” Moreover, following a refinancing that resulted in MXC investing £8m in loan notes to enable IDE to pay off all its bank debt, the solvency risk subduing the company’s valuation has been unwinding, a factor that has accentuated the share price recovery. The point being that all of IDE’s loan notes are held by its largest shareholders, thus giving management the breathing space to focus on the ongoing turn round strategy. By my reckoning, MXC’s holding of 172.8m shares in IDE is now worth £12.7m, a hefty £10m more than six months ago when I last advised buying MXC’s shares at 85p ('MXC returns to trading profitability', 9 May 2019). The valuation uplift adds almost 15p a share to MXC’s last reported net asset value (NAV) of 97p. Further balance sheet gains It’s not the only material balance sheet movement either as Aim-traded shares in Adept4 (AD4: 3.55p), a provider of 'IT as a service' to small- and medium-sized businesses in the UK, have quadrupled in value since MXC’s interim results in May, lifting the book value of MXC’s shareholding from £612,000 to £2.41m. Adept4 is a turnaround situation, too, and its directors recently reported that the business has returned to modest levels of profitability at the cash profit level. The re-rating has also been driven by news that Adept4 has entered into a non-binding agreement to acquire Cloudcoco, a profitable company that offers cloud and related technology solutions and one with a strong and growing pipeline of business. It was established two years ago by the former directors of Redcentric (RCN), a UK IT managed services provider. If the deal goes ahead then Adept4 will issue 218m shares to the vendors to give them 49 per cent of the company’s enlarged issued share capital of 445m shares, so reducing MXC’s stake to 15.3 per cent. Another reason for Adept4’s re-rating is because MXC has agreed to buy £5m of Adept4 unsecured loan notes for a discounted price of £3.5m from The British Growth Fund on completion of the Cloudcoco acquisition. This is the only debt Adept4 has. The fact that MXC will now own the loan notes, which are due to mature between 2021 and 2023, is a positive move as it removes the financial risk that was subduing Adept4’s share price. The £1.8m uplift in MXC’s shareholding adds a further 2.7p a share to its own NAV. It’s also worth flagging up that the private equity funded takeover of Aim-traded Tax Systems (TAX), a leading supplier of corporation tax software to the large corporate sector and the accounting profession in the UK, completed at the end of March this year. MXC had invested £14.9m in the company and realised £24.2m of which £200,000 of the £9.3m profit will be recognised in its forthcoming annual results. Value opportunity I estimate that MXC will book total realisations and investment gains of £12m (17.9p) in the second half of the financial year just ended to lift its closing net asset value (NAV) to £74.3m (115p a share after adjusting for the market value of shares acquired by the company’s Employee Benefit Trust through MXC funded loans), significantly higher than its current market capitalisation of £60.5m. Moreover, MXC’s share price is now completely backed by four of its investments: £15.1m (22.5p) shareholdings in IDE and Adept 4; net cash of £19.5m (29p); a loan portfolio worth £11.5m (17p); and investments of £14.5m (21.5p) held in private companies. Clearly, with MXC’s shares trading well below my spot estimate of NAV then no value is being placed on the two MXC partnerships that are generating over £1m of fee income. One is with a subsidiary of Liberty Global, the international TV and broadband company, to create an IT services provider focused on small- and medium-sized business customers. Both partners have invested £3.5m each. The other partnership is with Ravenscroft, an independently owned investment services group based in the Channel Islands with £4.7bn of assets under administration. MXC acts as consultant to Ravenscroft in its role as investment manager to the GIF Technology & Innovation Fund in which the States of Guernsey has invested. MXC contributed £5m of the fund’s initial investment pool of £38m and it should be fully invested by the end of the calendar year. In addition, Ravenscroft paid £2.25m for a 25 per cent stake in MXC’s transactional businesses, highlighting the value it sees in MXC’s deal makers. MXC’s retained 75 per cent stake in that business is in the price for free, too. The bottom line is that with MXC’s previously poorly performing listed investments turning the corner, and the directors targeting a 2.2 times return on capital over the next four to five years on its investments, then there is ample scope for the company’s share price to return to a decent premium to NAV in due course. Trading on a bid-offer spread of 89p to 90p, MXC's shares are well worth buying.
chimers: 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: Well, they're still where they are and looking to recover value "We are currently in advanced discussions regarding the sale of one or more of these component parts......" Mxcp share price seems unaffected by Ide movements, though it will come into play on results. In the overall Mxc scheme of things, possibly any 'good' news will be seen as a bonus.
Mxc Capital share price data is direct from the London Stock Exchange
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