Yes, it's actually quite a encouraging statement from mxcp that they think this will one day be a mid market sized company. It's only got a £4 mill Mcap right now and that means there is a massive growth ahead to become even a £30 mill Mcap never mind mid market.
In the near term a £12 mill Mcap is very achievable and is still absolutely nothing considering what they are doing and hows all involved here.
One day soon mxcp will bring pinns first acquisition and it's going to change the landscape here.
Either a rns on the way or someone looking to have a holding for research or access to books etc
Mind you, you don't need to own a share to provide a broker note as one's already been released here recently but for extensive research and obtaining accounts some people do buy 1 as it allows them to attend AGM's etc
Could maybe be a balancing of the trades etc.
Shall we opt for the RNS as that sounds more sexy?
If we base it on what MXCP are wanting to do then with Pinn I think we could see a substantial increase in the share price. For instance MXCP hope to accumulate up to 8 investments which they guide in to becoming a mid tier market capped company.
Now, we know they have 365Agile, Castleton Tech and Pinnacle Tech.
365Agile is now off and running having made several acquisitions with the help of MXCP and making great strides.
Castleton Tech is the furthest down the road in that respect and Pinn hasn't got going yet from when MXCP bought in to the company and outlined their ambition. Castleton have made numerous acquisitions and now established a great business model in a niche market with plenty of scope for growth.
So based on that Pinn has all the growth in front of it. To date Castleton tech has done over 500% Can pinn do 500%? I don't see why not given time but right now it's nice and steady here, not making waves but the business is winning new contracts and streamlining. it's growing the bottom line and when MXCP start making acquisitions with pinn we will see some serious lift in the share price.
Take a look at this from MXCP:
We are focussed on building two complementary investment themes. First, we are creating a small number of principle investments – probably around eight of them - that are quoted platforms for growth by acquisition. These businesses either are or hopefully will become significant businesses in their segments with upper quartile ratings and capitalisations approaching the mid-market.
So, with guidance from MXCP Pinn could become a significant business with upper quartile ratings: ie a very nice share price for those who get in and see it through it's journey. A market cap defined as mid tier is £150 mill and upwards to £250 mill. That's a lot of blue sky here and a very significant share price..
AA. Some good informative posts thanks and yes, the Cyber Security angle with Simon Duckworth is very interesting as it was with accumuli before it was sold off.
Going on the price action round the mxcp stable it looks like pinn and ctp are primed for further upside from these levels so it will be interesting going forward.
I expect to see more contract wins here and most of all the acquisition that was touted 6 months ago. MXCP have their house in order now and will want to get moving. I don't think we will have long to wait.
Makes sense that he is driven and focused on Cyber security, Look at his CV:
Simon Duckworth Non-Executive Director
Simon Duckworth, OBE DL, holds a number of non-executive positions in the public and private sectors and is currently Chairman of Barings Targeted Return Fund and the senior non-executive Board Member at the Serious Fraud Office (SFO). He was a non-executive Director of Fidelity's flagship European Investment Trust, Fidelity European Values plc, for a decade, and has sat of the Boards of a number of AIM listed companies as a non-executive director. Simon was a non-executive director of Accumuli plc from 2010 until its sale to NCC plc earlier this year.
A Cambridge University graduate, Simon is a former Chairman of the City of London Police Authority and currently chairs the Economic Crime Board of the City of London Police. He worked closely with the Home Office as Chairman of the National Olympics Security Oversight Group and is a non-executive director of the Association of Police and Crime Commissioners. Simon is one of HM's Lieutenants for the City of London and Deputy Lieutenant for Greater London. He is also the Honorary Colonel of the Royal Military Police and holds a number of other public and charitable appointments.
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