Mxc Capital Share Price (MXCP)

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
	+0.00p	+0.00%	78.00p	18,925	08:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
76.00p		80.00p	78.00p	78.00p	78.00p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Mobile Telecommunications	1.03	-7.94	-0.22		52.4

Related Shares
Vodafone (VOD), Inmarsat (ISAT), Defenx (DFX), Mobile Streams (MOS)

Mxc Capital (MXCP) Latest News

Mxc Capital News

Date	Time	Source	Headline
08/5/2019	11:10	ALNC	MXC Capital Net Assets Fall In First Half As It Plots Returns
08/5/2019	07:00	UKREG	MXC Capital Limited Interim Results
02/5/2019	13:21	ALNC	MXC Capital Makes Further Investment Into Liberty Global JV
02/5/2019	07:00	UKREG	MXC Capital Limited Investment into Joint Venture with Liberty Global
12/3/2019	14:32	ALNC	UPDATE: MXC Capital Gets GBP200,000 To Waive Tax Systems Warrants (ALLISS)
12/3/2019	13:12	UKREG	MXC Capital Limited Update re Offer for Tax Systems plc
06/3/2019	15:25	UKREG	Tax Systems PLC Holding(s) in Company
04/3/2019	16:48	ALNC	MXC Hires Liberty Global Content Investments' Commercial Officer
04/3/2019	07:01	UKREG	MXC Capital Limited Directorate Change - NED Appointment
20/2/2019	15:07	UKREG	MXC Capital Limited Director Dealings and Total Voting Rights

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Mxc Capital (MXCP) Share Charts

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Mxc Capital (MXCP) Discussions and Chat

Mxc Capital Forums and Chat

Date	Time	Title	Posts
10/5/2019	11:07	MXCP New Management New Partners New Deals	333
02/5/2019	08:51	FREE SPEECH & RAMPING FREE THREAD	146
28/9/2018	20:00	Mxcp	28
13/9/2018	09:00	MXC Capital 2014 Vehicle for acquisitions	4,318

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Mxc Capital (MXCP) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
11:34:32	80.00	2,493	1,994.40	O
11:28:31	79.75	5,000	3,987.25	O
10:31:50	79.75	313	249.60	O
08:37:09	80.00	1,000	800.00	O
07:57:47	76.85	1,313	1,009.04	O

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Mxc Capital (MXCP) Top Chat Posts

Date	Subject
20/5/2019 09:20	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 78p. Mxc Capital Limited has a 4 week average price of 69.50p and a 12 week average price of 67p. The 1 year high share price is 83.50p while the 1 year low share price is currently 55p. There are currently 67,203,349 shares in issue and the average daily traded volume is 13,577 shares. The market capitalisation of Mxc Capital Limited is £52,418,612.22. Read Full Thread Reply
09/5/2019 13:48	suneday: Investors Chronicle It’s taken time, but investors are warming to the merits of Aim-traded shares of MXC Capital (MXCP:85p), a technology-focused merchant bank run by a management team that backs investee companies they represent. I last outlined the investment case six months ago when I suggested buying the shares (‘MXC cashed up to do deals’, 7 November 2019) ahead of December’s annual results at the equivalent of 65p a share (there was a 50-for-one share consolidation in February 2019). There has been some positive news flow on several fronts that has driven the re-rating. Firstly, having sold off the company’s shareholding in Castleton Technology (CTP), a provider of technology products and services to the social housing and not-for-profit sectors, at a bumper profit last summer, MXC subsequently increased its holding in Tax Systems (TAX), a leading supplier of corporation tax software to the large corporate sector and the accounting profession in the UK. It proved the right call as that company was taken over by a private equity firm last month. MXC realised £24.2m in cash and made a cash profit of £9.3m on its holding in Tax Systems, representing a 62 per cent gain on its invested capital. As a result MXC had net funds of £23.5m when it released its half year results yesterday, a significant amount in relation to its net asset value of £62.3m, or 97p a share. Secondly, MXC’s two partnerships are now generating over £1m of fee income. One is with a subsidiary of Liberty Global, the international TV and broadband company, and the other is with Ravenscroft an independently owned investment services group based in the Channel Islands with £4.7bn of assets under administration for private and institutional clients. MXC acts as consultant to Ravenscroft in its role as investment manager to the GIF Technology & Innovation Fund in which the States of Guernsey and MXC are invested. The fund was started with an initial investment pool of £38m of which MXC contributed £5m. Eight investments have been made to date, another four are close to completion and the aim is to be fully invested by year-end. The joint venture with Liberty Global to create an IT services provider focused on small- and medium-sized business customers within the UK through a series of acquisitions is starting to gain momentum too, having made two new investments earlier this month: Koris Communications, a managed communications provider offering cloud solutions with a specialist focus on Mitel telephony and Skype for Business solutions; and 365 ITMS, an IT services company providing networking, security services. Both joint venture partners have to date invested £3.5m each in the three acquisitions made. So, with MXC returning to cash profitability in the first half to end February 2019, and Ravenscroft and Liberty Global backing the company – Ravenscroft has paid £2.25m for a 25 per cent stake in MXC’s transactional businesses, so clearly sees value in MXC’s deal makers – then there is potential for the share price to return to a decent premium to net asset value if MXC can achieve its target of delivering a 2.2 times return on capital over the next four to five years. The proviso being that MXC can replicate the success it enjoyed with Castleton and Tax Systems and stay clear of the poor investments – Redcentric (RCN), a UK IT managed services provider that hit major trouble a couple of years ago being the major one – that blotted its copy book previously. Moreover, given the improvement in trading prospects, and reflecting MXC’s strong balance sheet, the directors are now looking at introducing a capital return programme. Buy. Read Full Thread Follow Reply
28/11/2018 07:35	chimers: I think in laymans terms what they are saying is this... We have reached the bottom and have rebuilt the engine. Now from here on in we can start the recovery and build up a full head of steam again. From here on in we will be going forwards and up. Get the business right and the share price will follow. Read Full Thread Follow Reply
05/10/2018 10:00	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. Read Full Thread Follow Reply
25/9/2018 09:13	suneday: 9th. May - "At the period end, the company retained Â£5.1 million in cash with no borrowings and a strong balance sheet. A share buyback programme was undertaken in the previous financial year and it is the Board's intention that this should be continued where appropriate. We do not believe that the current level of our share price fairly reflects the quality of our assets or the opportunity for shareholder returns that MXC represents." Read Full Thread Follow Reply
13/9/2018 09:26	chimers: 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!!. Read Full Thread Follow Reply
05/8/2018 11:40	suneday: For the time being it really seems a question of how many shares are dripped onto the market by probably historic disenchanted investors, as against the few more recent investors who perceive a brighter future from new initiatives and are content to pick them up at about this price. It is welł-nigh impossible to realistically identify other than positive future newsflow from MXCP ( and in the meantime fees are incoming ) with the buyback ( shares held in treasury ) covering employee future awards as well as having a prospectively beneficial effect on the share price. Read Full Thread Follow Reply
25/7/2018 08:19	jim digriz: So the good news is that after losing 42.1m x (33.5p-23.5p)= £4.21m on IDE shares from 31 August to 28 Feb and another 42.1m x (23.5-6.25p) + 1.8m x (13p-6.25p) = £7.38m or about 0.21p per MXC share since 28 Feb, the same can’t happen again. Our remaining holding in IDE is about £2.75m or about 0.08p per share, so that is at least one drag on share price performance out the way. The stupidest thing I did recently was decide that buying some IDE looked a better bet than topping up MXCP. Oops. Still, like I say, we can’t lose the same again on IDE so hopefully it will be positive news from here. Am still holding some IDE as well as MXCP hoping that MXCP can totally demonstrate their investment banking credentials here and help sort them out, ideally making some of the loss back. Does anyone know how much of Jobbio we hold, it looks like it’s doing pretty well. IMHO DYOR BYOB Jim Read Full Thread Follow Reply
09/6/2018 22:26	suneday: The chart looks terrible, but one should look beyond that, and at the re-awakened management. Company affairs are transparent, and the management well-known in IT circles. The chart has been bad for ages, coming down from what in hindsight might have been an overvaluation. But shares go up as well as down. Redcentric was a blow in 2016, far enough to go back, knocking £9m off the portfolio value overnight, and now there is the far lesser misfortune in the shape of Ide. No remarkarkable event took place in between, though the portfolio value has dropped over time. Pi's, with reason, got sick and tired of the seeming paralysis of management, and voted with their feet ( in fact of late, as they've said, they were using their resources to make the latest ventures a reality) Redcentric interests are now worth very little, but they are there and dependent upon what happens to that company may show greater value. Anything from them would be a bonus. That's history, and the market also knows about Ide, MXCP buying more shares, and putting up £750k of the £2m loan notes whilst they work on it. I do not see the portfolio value dropping materially further, and in the short term it is likely to be swings and roundabouts with the investee companies offsetting each other, and hopefully some improvement. I do not follow all the investee companies closely, but Castleton will be next to report a week on Tuesday. The last update on that one was very positive. In short we are where we are portfolio wise, with at 28th. Feb., net assets of £63.2m and portfolio valued at £46.4m ( I haven't sought to revisit the accounts and update ) The Market Cap is £43.65m. Make what you like of that, but there is nothing whatsoever in the price for the working company, what it's doing now, it's experience, and ability to monetise it's investments, They have access to funding. We do not know how they structure deals with their co-investors, but they will be beneficial to MXCP. On that front, there are two new opportunities on which they stake their future. Everybody knows what they are and I will not repeat my post 4234, but both will provide fees which I suspect will do more than tick the company over. The Ravenscroft/GIF one is quite straightforward and comment unnecessary. In relation to Liberty Global, they had sought a finished job, failed to find one to fold into Virgin Media Business ( so say, but why else would a company like that go down this route) so decided to build one with MXCP with a customer waiting. So there is effectively advance notice of a company sale, price to be agreed. It won't be quick, though deals might be, or easy. Building a large successful company never is, but Liberty Global believe they can do it. MXCP have long been unhappy with the share price, and that's another positive as, oft mentioned on here, management and concert party have 52% of the shares. Their own money is as much on risk as ours. They say, "We do not believe that the current level of our share price fairly reflects the quality of our assets or the opportunity for shareholder returns that MXC represents." At this stage with what is known that must seem like fair comment, particularly as we're coming off the new low at this price, with investors just starting to see value. All investments carry risk, but the lower the price the less the risk. I believe it's minimal, and as these things go about as low as it gets. Read Full Thread Follow Reply
22/12/2016 12:21	panamul: You guys have this all backwards.Let's look at this:- Company financials as reported on 1st December are extremely solid- Company has strong pipeline of upcoming investments- Existing investments are at an early stage in the investment cycle (eg COR, TAX and Sagacity)- MXCP share price valued at a significant discount to NAV plus multiple of EBITDA on the advisory business of zeroAs a shareholder I am extremely happy to see the company use some of its money to buy shares in itself when the share price is so cheap and the growth prospects for the company are so strong.Very good use of cash indeed. Read Full Thread Follow Reply
11/12/2014 21:02	cottoner: Q - So what has MXCP the specialist merchant bank with a track record of investing and advising companies in the TMT sector done to make a purchase of their shares a worthwhile investment? A - Well,MXCP have currently over a 23% holding in CTP , acquired at a cost of 1.1p/share as well as 5% of warrants at the same price. The share price of CTP is currently over 2p and expected to rise further as CTP grow and make further acquisitions. As well as MXCP , CTP have other high profile and highly regarded shareholders including Nigel Wray, Slater Investments (Mark Slater) and Warren Stephens. Q - Apart from that? A - MXCP also currently has a holding of over 4% in RCN, as well as almost 1.7m options @ 32p. Redcentric currently has a MCAP of around 214M and a share price around 150p. Redcentric was just recently tipped by the highly respected Zulu share guru Jim Slater. Q - Apart from that? A - Over 50% of MXCP is owned by Ian Smith the CEO of CTP and Tony Weaver the CEO of RCN. Ian Smith has significant experience of leading and creating value in the technology industry. He has sat on numerous boards and either led or been involved in a large number of transactions in the TMT sector. Ian has recently led strategic change and value accretion at Redstone plc and Accumuli plc. Ian is currently CEO of Castleton Technology plc and he founded MXC Holdings with Tony Weaver. Tony Weaver has 30 years of sales, operations and management expertise in the TMT sector. He established his first IT business in 1988 and has since founded and managed a number of other successful private IT companies. In the last 12 years Tony has also served on the boards and led a number of publically quoted companies, including Xploite plc and Redstone plc. Tony is currently CEO of Redcentric plc, a non-executive director of Castleton Technology plc and he founded MXC Holdings with Ian Smith Q - Apart from that? A - MXCP also has as its Chairman, Martin Bolland who is also the chairman of Capita. Martin Bolland founded the private equity group Alchemy, serving as a Partner for 11 years. Martin is currently chairman of Capita plc, a FTSE 100 company, and is also currently chairman of Parkdean Holidays and MXC Holdings. Martin previously held a number of senior operational roles in Lonrho and is a chartered accountant Q - Apart from that? A - Last year the acquisition of InTechnology by RCN brought about by a £65M placing arranged by MXCP was the largest fundraising in AIM in its sector in 2013 and was selected as Transaction of the Year in 2014. Q - Apart from that? A - MXCP previously thro' placings acquired over 55 million shares in COMS at 0.3p and 0.8p. They were subsequently sold for a handsome profit. Q - Apart from that? A - MXCP, when Ian Smith was the Executive Director of ACM acquired a stake of over 14% which was subsequently sold for a handsome profit. MXCP are still retained by ACM to give financial and investment advice. Q - Apart from that? A - MXCP invested in Maytech Communications in 2013, a global cloud file sharing business and own 25% of their equity. The investment was made to enable Maytech to accelerate their growth which was already at 30%. Q - Apart from that? A - MXCP have recently invested in 365 Agile providing up to £1M in funding, an exciting software enabled mobile working solutions business, resulting in MXCP owning 25% of their issued share capital.Their product has the functionality to build data share from the 'Internet of Things' and Big Data applications. Q - Apart from that? A - MXCP recently arranged the funding to enable CTP to make their latest acquisition , namely Documotive. Q - Apart from that? A - MXCP will certainly be fundamentally involved in further CTP acquisitions. CTP have in the past said that they will make up to 9 acquisitions , they've currently made two so far. Q - Apart from that? A - MXCP's main shareholders apart from Ian Smith and Tony Weaver also include Nigel Wray a well respected investor with over 18% and Hargreaves Hale with over 8%. A number of other MXCP directors also have substantial holdings in MXCP which they acquired in the initial placing earlier in the year. Q - Apart from that? A - MXCP have concluded transactions with a value in excess of £400M over the last 10 years, including investments by Redcentric, Accumuli and Castleton. MXCP have in the past received a fee of 2% of the funding arranged for acquisitions. A long list of transactions arranged by MXCP can be seen on MXCP's website. Q - Apart from that? A - MXCP retain mandates with 4 AIM listed companies, relationships with a number of private companies and have a significant pipeline of opportunities. Q - Apart from that? A - Ian Smith and Tony Weaver have recently both made MXCP share purchases to add to their already large holdings. Q - Apart from that? A - MXCP have further cash available to make further significant investments. £8.5M was recently raised of which £1.2 has been invested in Castleton and £1M in 365 Agile. MXCP also have further cash available after the reverse takeover of Broca. Q - Apart from that? A - MXCP have a strong investment record,generating significant realised and unrealised gains. The realised gains to date have generated a return in excess of 3 times the original investment. Q - Apart from that? A - Nothing much but I'm sure this will change!! Read Full Thread Follow Reply

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