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EXCLUSIVE: Alastair Smith, Avacta Group CEO gives an Operational Update


Mxc Capital Share Chat (MXCP)



Share Price: 1.325Bid: 1.30Ask: 1.35Change: 0.00 (0.00%)No Movement on Mxc Capital
Spread: 0.05Spread as %: 3.85%Open: 1.325High: 1.325Low: 1.325Yesterday’s Close: 1.325


Share Discussion for Mxc Capital


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Raleigh
Posts: 125
Opinion:No Opinion
Price:1.325
RE: Buy back
Wed 17:43
There may be part of the equation. Cannacord Genuity has sold about £500k. Someone ( EBT ?) has bought them.
Jayfella72
Posts: 1,078
Opinion:Strong Buy
Price:1.35
RE: MXCP
Tue 20:05
81m volume. A good start!
Munters
Posts: 463
Opinion:Strong Buy
Price:1.35
MXCP
Tue 18:13
It is a very liquid stock and trades of that size are quite easy to complete in the open market.
Now that they have been completed they can let the price go.
A lot of slack in the shares will have been taken up and we are good to go re the Buy and Build at MXLG and the recovery at IDE.
Tax is doing fine as it is and AD4 needs put out of its misery and ours permanently.
This is a very good time to be buying MXCP.
Munters
Posts: 463
Opinion:Strong Buy
Price:1.35
MXCP
Tue 18:09
They already made it clear in the RNS regarding the buyback that the shares would be bought in the open market.
These trades are perfectly normal.They will have given their broker who in turn placed the order with their market maker.They would have then been filling this order for the past week.
The trades are not that large in the scheme of things.
They had to get these trades through in almost 1 go so that the price did not get spiked.
It was in their interests to place it as an iceberg and did not have to notify the trade until it was complete.Or in this case the tranches were complete.
Now that this has more or less been completed they can get on with the real job in hand of making those share buys very profitable ones.
Sentrum
Posts: 73
Opinion:No Opinion
Price:1.35
Buy back
Tue 18:02
Whilst I agree with your posts I am a little worried about who is selling in these volumes. Clearly institutional but all the large holders are on the friends and family lists. Just a thought.
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.35
RE: Trades
Tue 17:42
Looking at the new delayed trades, it appears it is not so much a question of support, but buying prior to news at lower prices.
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.35
RE: Trades
Tue 16:56
On the reasonable assumption the buyer is Oak Trust, and stating the obvious, it would be better to have some PI interest in future prospects, to move the price for Oak to support, if I am properly interpreting part of the intention behind the EBT. That may mean progress is imminent, with the initial 'buybacks' a forerunner of an RNS. But perhaps that is over-thinking it.
Jayfella72
Posts: 1,078
Opinion:Strong Buy
Price:1.30
RE: Trades
Tue 16:49
Agreed. A few more delayed massive trades today. The share buyback has begun?
Rocka999
Posts: 6,415
Opinion:No Opinion
Price:1.30
Trades
Tue 16:24
That's more like it..............
Rocka999
Posts: 6,415
Opinion:No Opinion
Price:1.275
RE: Share buy back.
Mon 23:41
Big trades but didn't shift the SP (yet)
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.275
RE: Share buy back.
Mon 20:48
Buyback or not, there has been fair buying at 1.28 - 1.30 over the month, culminating in today's trades. Certainly no sign of dropping back, as we wait for them to share progress. The partnership with Liberty was announced in November, only one acquisition of several has been made, and the cash required has been pulled in. Presumably the next acquisition(s) are being worked up.
Jayfella72
Posts: 1,078
Opinion:Strong Buy
Price:1.275
Share buy back.
Mon 17:51
Some massive trades at the end.
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.275
RE: Ravenscroft/Mxc Completion
13 Sep '18
And then there is whatever, notably, MXLG has to offer. I think the second acquisition, said on 9th. May to be expected in the 'near term' will likely make more impact, when commentators can consider the combination with SICL. Mxcp has the cash at its disposal, which together with a co-investor and Liberty Global should prove sufficient to fund a number of acquisitions of the size of SICL, without detriment to shareholders.
Muted response today. But if nobody else is picking up on this and buying, it is known that Oak Trust will.
Jayfella72
Posts: 1,078
Opinion:Strong Buy
Price:1.275
RE: Ravenscroft/Mxc Completion
13 Sep '18
Good news today. Remember reading a while back that Smith used to sit on the board at Oak Trust. Upwards from here.
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.275
RE: Ravenscroft/Mxc Completion
13 Sep '18
Completed. £2m paid to Oak Trust (Guernsey ) Ltd. who administer the EBT. The trust is a separate legal entity, and the payment is initially a loan, for reasons best known to those involved. Oak Trust may now buy MXCP shares into the EBT at their discretion.
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.275
Ravenscroft/Mxc Completion
12 Sep '18
About 2/3rds. of the 60 working day period ( without complication ) for the FCA to consider change of control has now elapsed. Completion can then take place. ( RNS 19th. July )
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.275
RE: Sale of shares
30 Aug '18
Fortuitously, I did say so far - now the delayed sell.
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.275
RE: Sale of shares
30 Aug '18
With apparently just 2 sells shown ( so far ) no obvious reason for that small drop today, and on what might normally be considered an advantageous RNS at this stage.
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.30
Sale of shares
29 Aug '18
It looks very much as though MXCP sold their remaining Castleton holding today, as picked up by Aphrodite on CTP.
Jayfella72
Posts: 1,078
Opinion:Strong Buy
Price:1.325
RNS
20 Aug '18
More cash in the kitty! Sale of Castleton Tech shares.
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.325
RE: Mxcp
18 Aug '18
"The majority of the proceeds ( of £2.25 m ) are intended to be used in order to fund an Employee Benefit Trust (the "EBT") which MXC is in the process of establishing. The purpose of the EBT will be to buy MXC shares in the market to be held to satisfy existing and future share incentivisation awards for the benefit of employees and certain directors. The remainder of the proceeds will be used in line with MXC's stated strategy of investing in technology companies."
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.325
RE: Mxcp
18 Aug '18
It is my view that mxc and the events awaited has not yet sufficiently come to private investors notice. It may only be relatively few who have bought into expectations other than those who have followed the company and its investee companies. Or it might not appeal in view of it's history. I suspect that the next MXLG acquisition(s) will make greater impact than the first, when more comment can be made about the combination with SICL. But in any event, MXCP will be buying perhaps £2m. worth of shares in the market to hold for employees. I prefer to have built my holding now, and wait, rather than compete for shares one morning at a later date
Munters
Posts: 463
Opinion:Strong Buy
Price:1.325
MXCP
15 Aug '18
More large trades going through again today.
Looks like someone is loading up ahead of the news!!

Other Ravenscroft clients perhaps or other funds watching what Ravenscroft are up to?

Either way something is about to blow.
Raleigh
Posts: 125
Opinion:No Opinion
Price:1.325
RE: Mxcp
14 Aug '18
I should be clear that I have made that presumption of future co-investment in MXLG, as that is what occurred last time. It is certainly their new model.
In any event, the question of availability of capital for future investment is not an issue.




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