Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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As per link posted to ADVFN - thanks to that person.
https://www.ukauthority.com/articles/met-police-signs-atos-for-application-management-services/
based on the numbers you have used and using 10x EV/Ebitda the current share price should be 3.2p therefore upside of 251% or thereabouts.
£6m market cap + £20mn of debt = EV of £26m
2x 1h ebitda of over £2.1 = £4.2m
puts it on 6x EV/ebitda
target of 10x for a small growth company 66% upside
Kestrel, in the know, and having worked with Mxc on projects over the years, converted at 2.5p. There are years, on the Mxc plans to sell up their assets, to progress the business. Their conversion started to lighten the debt load. Kestrel will not have been conned, nor will they have acted in haste. In my opinion it will have been been done in consultation with Mxc., and form part of what is yet to be finalised on debt ameliorisation.
It will clear the air once that aspect is finalised.
Not to say things won’t happen in the meantime. They will.
They’re calling it a long term hold on Advfn. Where have they been? Not in here for sure. Nevertheless, I see merit in that. It WILL get sold eventually, and very likely within 4 years give or take.
IDE delivering stellar returns in the field of wealth destruction again I see, what a terrible share
It may come together with IDE, or not.
For anybody half interested this is the bones of it.
https://www.lse.co.uk/rns/MXCP/joint-venture-with-liberty-global-v49jt1vtyjgho76.html
https://www.lse.co.uk/rns/MXCP/first-investment-into-joint-venture-liberty-global-nlu1f5zrbg24jk5.html
https://www.lse.co.uk/rns/MXCP/investment-into-joint-venture-with-liberty-global-p5jnnvdvjcuojgi.html
We don’t really get to know easily what Mxc are up to, including their MXLG business, touted when it started as going to be a sizeable roll-up.
Wheels within wheels. MXLG appointed replacement director from Virgin Media, Liberty Global side of the joint venture last month.
On that topic back in 2018 they sold off the 365 part of the company to "PTCA Newco Limited " to some of the management of the 365 business. MXCG bankrolled that purchase, but said "MXC does not have an equity interest in PTCA." But that didn't last. That company became Koris and within seven or so months MXC acquired it (with Liberty Global).
I can’t help thinking there’s more to it.
I said earlier Mxc are quite an ‘incestuous’ bunch. Their dealings sometimes seem to have something on the end of it eventually - Cloudcoco was always one of ‘theirs’, set up originally from Redcentric employees ( Wheeler, Smith’s partner, was CEO of that ) Cloudcoco got backed in and Mxc supported it.
https://www.lse.co.uk/rns/MXCP/proposed-acquisition-of-loan-notes-in-adept4-plc-nv8v7d5acvavtum.html
Loan notes.
Now off we go again. Just musing. Some from a failing memory.
All for a better looking balance sheet. It’s still the debt they have to ameliorate somehow.
But, you know, slowly slowly, if need be. We’re used to that.
I get the upset form historical investors that have losses as they have invested at a higher price point but by parking the non-profitable part of the business into another their balance sheet will look far more profitable then ever before. If the business can create future sales of substance this surely can only mean IDE will be a growth story from here on....
Could all finish up as one big happy family, to be sold off sometime. Imagination running away.
And IDE (Mxc really ) supporting Cloudcoco.
“In addition, IDE will provide CloudCoCo with a working capital facility of up to £500,000 to help fund the initial restructure of the IDE Group Connect business. Amounts drawn will be convertible into new ordinary shares of CloudCoCo at 1p per share if not repaid by 19 October 2022.”
All part of some original plan. I don’t know, but think it may be. Mxc a crafty crowd, drawing criticism now and again.
Anyway, it’s all moving along again now.
Yeah magicians. Buy Nimoveri for £200k and then sell it and a £10m revenue business for £250k. And then WHERE DID IT GO? And they reach behind your ear and... oh it's gone to another MXC company. Then for the next magic trick you don't even have to pay IDE for five years, and we'll even lend you £500k to fix the business that we couldn't fix! It's either a very tasty deal, or really does demonstrate what a drag that business unit was. I suspect a little from column A and a little from column B...
So Mxc shifted that to where they have their 10% holding. They always were a bit ‘incestuous.’
Difficult lot to read.
These inorganic opportunities sometimes go in spurts with Mxc.
Yeah me neither. They estimated the costs of running on AIM at about 0.3M when they delisted MXC. Some of that was directors fees, but it proves there's money to be saved.
I still would not be surprised to see this go private, save money on costs associated with listing. No benefit in that now, and would make no difference to the major investors. And the possibility of a share consolidation in due course.
dont be 15% up
re rate
It is fair to say I’m jaded with it, and, having got to where we are and acceptedthat, it is an extremely positive RNS.
This is all just from the RNS that was previously released.
Had mentally written off my cash a long time ago. Feeling sort of neutral going on optimistic now. Given Smith and co loads of time. Giving them more won’t hurt.
Dropping straight back down, below 1.40 now, garbage