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EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United Watch Here

EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United
UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme


Mxc Capital Share Chat (MXCP)



Share Price: 62.00Bid: 61.00Ask: 63.00Change: 0.00 (0.00%)No Movement on Mxc Capital
Spread: 2.00Spread as %: 3.28%Open: 62.00High: 62.00Low: 60.00Yesterday’s Close: 62.00


Share Discussion for Mxc Capital


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Raleigh
Posts: 183
Opinion:No Opinion
Price:66.50
RE: MXCP
Sat 10:44
It might. But I have no idea what they have in mind. Liberty and Mxc co-investors would need to consider the outstanding loan notes to Mxc and others. But they have something in mind. I am pleased exposure to Adept is now relatively low at £600k or so, with 'strategic options ' whilst holding the fort being considered.
 
Jayfella72
Posts: 1,333
Opinion:Strong Buy
Price:1.325
RE: MXCP
Thu 23:12
I'm actually wondering if IDE will be playing a much bigger role in MXCP's plans with Liberty as its all gone very quiet on that front and as was mentioned earlier about putting all thler eggs in one basket as per IDE. Could end being a cracking deal for MXC. No expert and just a thought....
Raleigh
Posts: 183
Opinion:No Opinion
Price:1.325
RE: MXCP
Thu 19:22
They have invested heavily in Ide. If Ide reaches 4p this year, and 50p longer term, as you suggest is possible, as an MXC investor I shall be very happy.
Munters
Posts: 568
Opinion:No Opinion
Price:1.325
MXCP
Thu 16:59
They have made over £10m in profit from the TAX deal.
By the time you add the warrants and fees it will be much higher than that as well.

Tax was a solid but slow moving company.
The shares rose very slowly and to get to £1.10 might have taken 2 yrs or more.
So it is a smart move to take that cash now and put it to better use.
It also removes any risk that TAX will have their 'bad news day'
It is my opinion that they sold CTP at the perfect time as I expect it to struggle to find any meaningful growth from now on and that is will slowly drift back to low 40's
They basically own IDE now and have millions exposed to it so will want that sorted out pronto.
God alone knows what is happening at the fiasco known as AD4.
The invisible inept Duckworth has never been seen let alone heard from.
Staff there are completely bemused as to who he is and who MXCP are for that matter.
Only company I have ever come across in my life where you cant phone and speak to a director.
The number they publish on RNS is simply the 'shop' number.
Someone will answer asking you if you need tech support or are a new customer etc, if you ask to speak to a director they don't have a clue what you are on about.
AD4 is a basket case but it flys upwards with little buying pressure as and when it has reason to.
They have to do something with it though as it is a complete joke of a company.
The Liberty Global deal will be at risk of being abandoned by Liberty if they dont get the finger out imo.

But IDE simply has to get all the attention due to the fact that they have poured so much money into it in order to save it.
Raleigh
Posts: 183
Opinion:No Opinion
Price:1.325
MXC Capital
Thu 16:27
It is almost starting again. Very broadly, when it receives the £22.7ml. I think the company will have better than twice the cash position it held 'at the beginning' plus the assets in Ide and associated arrangements, Adept, and the private concerns and whatever may or may not flow from those. It has reverted to being well positioned from a forward looking perspective. There are the partnerships with Ravenscroft and Liberty Global (SICL acquired) and they are seeking more. There is no point in the Liberty Global buy and build sitting at one buy. The 'bad' news is likely out, and it is a matter of what happens next. The owners want to increase their personal wealth, with shareholders hanging onto their shirt tails. They need to move on. But it has not paid to hold one's breath.
Rocka999
Posts: 6,690
Opinion:No Opinion
Price:1.30
RE: Tax Systems
13 Feb '19
This looked a solid investment, now we fall back on AD4 & IDE, absolutely nothing happening over at MXLG ?
Raleigh
Posts: 183
Opinion:No Opinion
Price:1.325
RE: Tax Systems
13 Feb '19
I trust the company will now put the cash to good use and persue the Liberty Global buy and build.
Rocka999
Posts: 6,690
Opinion:No Opinion
Price:1.325
RE: Tax Systems
12 Feb '19
Just when TAX looks a promising bet for the future they sell it off before it gets really going, I'd hang on to it for now and see how it perfoms before they sell it on, the sweeping changes don't even come into effect yet, MTD starts April 2019 with VAT reporting
Raleigh
Posts: 183
Opinion:No Opinion
Price:1.325
RE: Tax Systems
12 Feb '19
That finalises the promise to Ide. The focus is now back on Tax, with I suggest Mxc Capital's expectation/hope that Bowmark/Newco will notify a firm intention to make an offer at the possible offer price of 110p, by Thursday end. Tax buyers have positioned themselves, in the belief that there will be a sale at that price.
Raleigh
Posts: 183
Opinion:No Opinion
Price:1.30
RE: Tax Systems
7 Feb '19
Mxc appear to be trying to push this along. Their irrevocable undertaking/firm intention date being considerably earlier than the firm intention date required by the code.
Raleigh
Posts: 183
Opinion:No Opinion
Price:1.30
RE: Tax Systems
7 Feb '19
Mxc is doing in this case what it professes to do. Buying, and selling at a profit. The sale will bring cash for future prospects and current promises. There is a way to go yet, but Newco has been formed to shepherd the process. The firm intention last date and the AGM coincide, with consolidation effective the following day, 15th. Feb.
amuhith
Posts: 25
Opinion:No Opinion
Price:1.30
Tax Systems
7 Feb '19
IMHO an excellent job has been done by securing this offer. It must have been a joint effort on the part of MXCP and Tax Systems. What next? The market almost ignored it as far MXCP sp is concerned and hopefully the management should realise how sceptically the performance of the company is being looked at by the market.
Rocka999
Posts: 6,690
Opinion:No Opinion
Price:1.24
RE: Consolidation
4 Feb '19
Inept management all round, its going to take some fixing this
amuhith
Posts: 25
Opinion:No Opinion
Price:1.275
Consolidation
4 Feb '19
On 11 July 18 I posted a message on this board suggesting that consolidation may be one of the measures which should be considered.
I now doubt whether this will work. For a long time the company has played hide and seek game with its investors. Under whose watch IDE and AD4 disaster happened? Anyone made accountable?
We keep on hearing about possible pie on sky stories, or shall I say gossips, but no real news on real tangible progress seems to emerge.
I will emphasise again. Declaring half year and yearly results should be made within 2 months of the period end. Why could not be there be a pre-close announcement where progress of the unquoted investments disclosed?
Mr Smith should communicate with his investors in a more friendly way.
Raleigh
Posts: 183
Opinion:No Opinion
Price:1.315
Consolidation
1 Feb '19
Understandable, and not entirely unforeseen. 'The Directors consider that it is in the best interests of the Company as a public quoted company to have a more manageable number of issued ordinary shares and to have a higher share price' The decision was taken by those who have most to gain or lose.
yvonne1944
Posts: 515
Opinion:No Opinion
Price:1.335
mxcp
1 Feb '19
Thanks for that,seems like they're building up to something,the dust needs to settle here then i feel,and watch with interest,IDE needs watching as well for news they've put a lot of strength in there and not just for nothing.
They'll have 66m shares on return which will interest insti's which in turn will bring up interest in IDE.
Munters
Posts: 568
Opinion:No Opinion
Price:1.335
MXCP
1 Feb '19
1 for 50 yvonne.
For every 1m shares, you will get 20'000 new shares.
At current price that would give us a 65p share price.
yvonne1944
Posts: 515
Opinion:No Opinion
Price:1.35
RE: m
1 Feb '19
Whats the share price expected to be after consolidation?
yvonne1944
Posts: 515
Opinion:No Opinion
Price:1.35
m
1 Feb '19
Can someone please workout the consolidation i'm on a train and internet is not good i'm struggling to read the rns.
Raleigh
Posts: 183
Opinion:No Opinion
Price:1.31
Loan notes
10 Jan '19
I was interested to see to see what effect the 7am loan note RNS might have on today's trading for the two companies involved. But investors are unpersuaded - those aware and who might have an interest have neither bought in, added or sold, as far as I can currently see. They stick. I have no idea how the Ide saga will turn out, and no opinion save to say that MXCP will have plans consistent with their in depth knowledge of Ide affairs. I had hoped they would by now have informed us of progress with the vaunted buy and build partnership with major partners Liberty Global, but that is not the case, and I continue to hold in anticipation.
Inchpo
Posts: 3
Opinion:No Opinion
Price:1.325
Merry Christmas
20 Dec '18
To all fellow shareholders. This has ben a long and bumpy ride. Let's to forward to great things in 2019
Jayfella72
Posts: 1,333
Opinion:Strong Buy
Price:1.275
RE: Mxcp
12 Dec '18
Holdings RNS.

Oak Trust increased.
Raleigh
Posts: 183
Opinion:No Opinion
Price:1.275
RE: Mxcp
11 Dec '18
Mxcp website.
Raleigh
Posts: 183
Opinion:No Opinion
Price:1.275
RE: Mxcp
11 Dec '18
From Castleton website Nigel WRAY had 416490917 shares on 22nd. November. He has therefore added 20935908 shares - so there are others who took shares up, and the seller is so far unidentified ( Cannacord?) Clearance of a persistent current seller will allow the price to move up unhindered in due course.




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