Tialis Essential It Share Discussion Threads

[wh1spa] 22/12/2022 14:52

Bizarre price movementsStill bedding in?

[knigel] 22/12/2022 10:39

Very good sign imho

[merguezdamour182] 22/12/2022 10:25

Smith was behind the 50K buy yesterday.

[merguezdamour182] 21/12/2022 16:05

He does not have many shares. Bless him!

[knigel] 21/12/2022 15:17

Especially when a Director starts buying the shares!!! :-)

[merguezdamour182] 21/12/2022 13:24

Let's hope so

[knigel] 21/12/2022 13:13

With the largest shareholder MXC holding 83% I guess it won’t take much buying to move this…?

[merguezdamour182] 21/12/2022 13:09

That's the biggest buys on here for ages. Like it!

[dennisbergkamp] 20/12/2022 09:21

Nice premium to current price.

D

[agedman] 20/12/2022 08:39

Great potential addition to the board.

[knigel] 20/12/2022 08:29

This appears a great acquisition and adds substantial revenue/profit to next years figures - at 89p too!

[knigel] 16/12/2022 12:26

Yes - I worked out a similar figure for MXC to make a profit out of TIA … definitely not 65p!!

[agedman] 16/12/2022 08:51

Thanks for posting this Freddie. MXC have certainly put their money where their mouth is and regardless of the price I entered at I'm happy that, with their support, the company is not just "still standing" but quietly going from strength to strength. The stated aim to exit within five years - going back to 2020 - gives TIA a chance to put the afterburners on. I'm pencilling in £2 target for end of '23 and as previously mentioned if an offer came in at that price (hopefully £2.50 + I'm sure MXC would take it.)

[wh1spa] 15/12/2022 14:43

If satisfactory return equates to recouping all the money they've invested here does anyone have a scooby as to what that figure is?

[knigel] 15/12/2022 13:27

Thanks - and interesting - maybe a significant rise in the share price might happen here sooner than we think…

[freddie01] 15/12/2022 12:09

MXC Capital Limited

Annual Report and Consolidated Financial Statements for the year ended 31 August 2022
1
Chief Executive Officer’s Report

During the year we have made further progress with our stated aim of exiting our investments, at such time as the Board are happy with the returns achieved, and returning capital to shareholders.

Proceeds of £2.3 million were generated from the disposal of two of the Group’s private investments, and we have continued to support our remaining investment portfolio, with a further £1.0 million loaned during the year.
We continue to be encouraged by the underlying performance of our investee companies and believe they are well-placed to weather any headwinds resulting from the current global and domestic economic and political challenges.

Post-year end we have converted the debt that we held in IDE Group plc (now renamed Tialis Essential IT plc) to equity and, at the date of this report, we now hold 83.4% of the shares in that company. IDE had been exploring resolutions for its significant levels of debt as the final stage of its restructuring.

The board of IDE believes that reducing the company’s indebtedness will allow it to grow both organically and also through acquisition, should the right accretive opportunities become available.

We believe that facilitating the debt reduction in IDE gives us the best opportunity to maximise the future value of our investment in that company.

The return of capital to investors upon exit from investments, announced at the time of the delist from AIM in March 2020, will continue until we ultimately exit all of our investments, at which point the cash remaining will be returned to shareholders and the Company wound up.

We currently anticipate this will occur within the timeframe outlined at the time of our delist. In the meantime we continue to support our investee companies with both capital and resources and remain confident that satisfactory returns will be made from our investments.

[knigel] 22/11/2022 20:04

Depends how long term - be nice to get back over £1 but it might take 6-12 months until next result. £2 sounds good to me if we are talking about a 2-3 year window - depends on corporate activity imho

[agedman] 22/11/2022 19:06

If that's a straight question.....then I'm veering towards a takeout price @ around £2. That will pay back MXC and others.

[deekers] 22/11/2022 19:01

Any long term share price predictions?

[agedman] 22/11/2022 12:43

Sizeable bonus ! Perhaps a poaching exercise?

[knigel] 22/11/2022 10:03

If there is £1 million in the bank, then why the need to pay the bonus via shares? What was the bonus for? I guess the answer is literally resolving the debt issue..?

[knigel] 11/11/2022 12:48

Not nice to see sellers - so added a few :-)

[rob100] 09/11/2022 17:33

new name, a new beginning, let's hope.??.
BEEN UNDERWATER FOR A LONG,LONG TIME WITH THIS CO.

[knigel] 09/11/2022 07:12

Sorry!!! Can’t seem to amend it but thankfully another thread has been set up

[beeks of arabia] 09/11/2022 06:10

Thanks for setting up the new thread