Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I give up. Try 'laugh.'
That was 's******' - don't know who put the asterixes in.
It's wearing a bit thin, but in December 2019 Mxc said this ( try not to s****** )
The path to recovery for IDE has been a long and difficult one and at times it felt like one step forwards, two steps back. Nonetheless the teams within the business, both executive and operational, have worked wonders and they now have a good platform from which to grow. The business was refinanced at the beginning of 2019 by the issue of £10.0 million secured loan notes. MXC now holds £8.0 million of these loan notes plus accrued interest, alongside 43.1 per cent. of the equity of IDE. The refinancing means that IDE now has secure, long term funding and no external third-party debt as the loan notes are held solely by shareholders. Whilst there remain challenges, in recent times IDE has moved into positive territory by beginning to win significant renewals and new contracts, testament to the will, enthusiasm and dedication to customer service from the operational team. There still exists a general level of customer churn in IDE which has impacted current year revenue and profitability, but this continues to be addressed and once this ceases, we anticipate the business will have turned the corner and should achieve market levels of profitability, which it is more than capable of delivering. We remain confident that we will see a complete return of our capital from IDE.
We shall see if they sell. They'll have a job on in the open market. I do not know what to make of this lot. Death or glory.........
Kestrel opting to convert at 2.5p in June 2021 vs 1.7p share price. Either they have very low expectations of getting repaid the loan in full in 2023 and want out now at a huge discount or want 20% of the company right now ????
This time with their partner DB Schenker.....
Thanks for sharing that, I thought his LI profile had some interesting content. "releasing business value to shareholders" is stuff we like to hear.
Odd that he joined last month and they're only announcing it now, and with that extra month they couldn't proofread the RNS... but positive news none the less.
Thanks for sharing that, I thought his LI profile had some interesting content. "releasing business value to shareholders" is stuff we like to hear.
Odd that he joined last month and they're only announcing it now, and with that extra month they couldn't proofread the RNS... but positive news none the less.
From David Templeman's linkedin page:
Throughout my career I have worked with businesses that display two key attributes: that they are experiencing significant growth and are backed by teams that want to maximise the opportunities that growth brings.
I trained with BDO in London advising growing businesses, the last 5 years as partner. My role focused on commercial and tax-driven advice to prepare for ultimate capital exit, typically involving fund-raising and domestic & international acquisitions along the way.
I have subsequently held CFO roles in a number of fast-growth entrepreneurial businesses including two listed IT services organisations, a Citibank & SAP joint-venture tech start-up, an international insuretech SAAS group, and a publishing services SAAS technology provider. I have also worked as CFO for a boutique international bank.
I have extensive transactional experience achieving transformational change and releasing business value to shareholders.
Looks like a good, solid hire. Things must be doing at least OK to make the move worthwhile for us and him.
I have Íde on one side as one of my long losing holds, though I continue to believe MXCP has plans for it, and thus will rescue my losses sometime. Hence I may have missed the Atos contract?
Interesting trading update today for RCN, in particular the selling of a contract to Thales. Makes IDE's Atos contract look quite valuable!
New job posted working within the MHRA. I had assumed that this was through Atos and as such a Partner post but it clearly says Direct. Does one assume that IDE have standalone government contracts?
Yes, this is indeed very cheap, maybe slow, as free float small, bet UNDERVALUED. Just need news of 1 contract = Fireworks, 2 contracts icing on the cake and then this share is set to revisit the previous highs 15-30 levels. Just a waiting game.
Absolutely no idea I'm afraid - is it a liquidity issue?
IDE has been on my watchlist for a while. Can anyone explain why algo bots are being used here?Roughly £147 sold and £47 bought instantaneously - what’s the point?
Is there some symbiosis with CLCO? Would a merger be part of MXC's longterm MXLG goal?
They bought in a really experienced sales and account management team around October. I'm expecting their exploits to really come to fruition in Q2/3 of this year... Normally 6 months is the time it takes to drum up decent pipe and sales..
Also they are constantly hiring on the website. I think it's a very slow burn this but will be fruitful towards the close of the year for sure.
Problem is they don't do sexy IT imo.
This company going nowhere, upwards from these depressed levels. Just need some positive news and will shoot back up to 3p levels. One or two new contracts and this will MOON pas 3p to 5-6p levels!!!
New vacancy listed today with the MHRA. Presumably the client is Atos unless anyone knows otherwise.
Yeah, I thought the tone was odd. But I guess he was installed when in crisis to have a hand in their investment, and now we're stable and at BAU he's moved off. Their investment level is still the same, so they wouldn't have done that unless confident things were back on track.
Kestrel, as far as I know, still has 8.2%. It is guessing, but the RNS is abrupt, and one might read into it that Mr. White's departure was unplanned, with no substitute in the wings. A little unusual perhaps, without thanks etc. But these things happen.
We never know especially when the rns is so abrupt! However, goals have been achieved and the ship is steady. So my best bet is Sebastian White is no longer needed and maybe their is a potential to bolster the board with someone new. Looking forward to the next few months to see some good progression of this company....
Do we have any thoughts on the implications of Sebastian White's resignation? I'm guessing he was appointed from Kestrel when things were a bit up in the air (polite way to put it!) but now the ship is righted they will will move off to focus on other investments. A good sign?
nice to see blue
all good