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Posted at 11/12/2023 16:40 by andymunchkin redFlags plentyO' baAggAge holders b4 consolidation. IDE nameChange to TIA but nameDont change theFacts. |
Posted at 19/4/2023 08:44 by wh1spa In the absence of a trading update /results and comparing TIA to MTEC. Made Tech's broker (Singer) is hoping for an EBITDA margin of 18-20% longer term - TIALIS should already be achieving this :- On a 10x EBITDA basis we should be at £40m market cap. |
Posted at 23/3/2023 21:44 by wh1spa MXC are proposing a share buyback/tender offer to purchase up to a maximum of £3.25m @ 73p. They are happy to value their three investments at £30m - give or take. The market is pricing two of these at £11m and I doubt Koris/MXLG's value makes up the rest. So why would they be happy to pay over the odds on the tender offer? Because,as they have already stated countless times, they have an exit strategy which will recoup all the money they have put into CSI/CORE/IDE/TIA over the years. This is around £25m - probably more. To get that kind of return they need to sell TIA on for at least £1.40 - but I'm guessing; as others have pointed out, that £2.00 would be a deal clincher. Who knows - but if all three were rolled up we could be looking at a £70m deal. |
Posted at 23/3/2023 19:13 by beeks of arabia I'm still trying to understand how MXC exiting their investments here benefits TIA.There are a few options of course, well as a whole to another investor/company, or hold on to them. Both options result in no change in price. The other options unpalatable.Same for CLCO of course, however cloudcoco on the crest of a wave of optimism....Tia not so much. |
Posted at 21/3/2023 20:49 by wh1spa MXC is made up of investments in two companies. These holdings are currently valued at £11m or thereabouts and yet they are offering a tender price which equates to a valuation of TIA & CLCO of £30m +. Perhaps there is a purchaser for both at a far greater value. Time will tell but both entities seem to be doing very well in a sector rich with long sticky contracts and as such good earnings visibility. |
Posted at 21/3/2023 10:45 by beeks of arabia Clco and Tia down today. |
Posted at 21/3/2023 10:08 by wh1spa Am I right in saying that MXC's tender offer of £3.25m @ 73p for 1 in every 9.5 shares is therefore valuing their entire holdings in TIA, CLCO and others at £30.86m. |
Posted at 12/3/2023 18:54 by wh1spa Well at least TIA has no exposure to SVB. At some point people will realise that the company has created a slick & profitable niche. (MTEC could learn a few lessons ) |
Posted at 07/3/2023 10:49 by wh1spa Perhaps part of the profitable contracts taken over from Allvotec. TIA could really be in the sweet spot here. |
Posted at 28/12/2022 20:10 by knigel Indeed - unless TIA make multiple acquisitions in exchange for TIA shares - if so, over time MXC holding will be diluted and they might be able to sell out if it ever dropped to 29.9%. We are talking years away but it is one exit strategy they can consider. Also I wonder if TIA can now start to pay dividends from next year…. |
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