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New LG director on the board today
Nice................
From Barchart on https://www.barchart.com/stocks/quotes/MXCP.LS
Wow, the offer for Tax has been increased by 5p per share and MXCP have also exercised a truckload of warrants and done a deal with the rest for a cash settlement.
This means even more millions into the cash pile that MXCP has been building.
I think there is going to be surprisingly BIG deal news on the horizon and IDE and AD4(strategic review) could benefit along the way with MXLG perhaps doing an enormous deal?
I think it is what they have been building up to.
Like I said before it's like the film the Godfather where on the day of the Christening it is bam bam bam bam bam and thanks for all the fish.
I think they will do similar and there will be a raft of announcements in very quick succession which will lift MXCP and all satellites into a new orbit.
Gluk.
https://www.ravenscroftgroup.com/news-insights/2019/march/office/
Some large buys just printed. Nearly £150k.
They must have identified their next acquisition by now, are we waiting for Brexit to happen first ?
It appears to heavily reinforce Mxcp's direction of travel, particularly as Liberty Global and MXCP already have 2 directors each on the board of MXLG. However, the Ravenscroft partnership will be providing ongoing investment opportunities and fees.
Director buys and now todays appointment, two clear signals there.....
Decent appointment. Hopefully now the newsflow concerning Liberty Global will begin.
Wow!! so a director at one of the worlds largest companies in fact one of the top 20 largest companies in the entire world....He decides to join one of the worlds SMALLEST companies...I wonder why!!?
Simon Freer...Chief Commercial Officer of Liberty Global Content Investments
I am still waiting. But share consolidation has been done, the directors have bought, and cash from the sale of Tax should be with MXCP within about a month. Should Liberty Global acquisitions be structured in the same way as SICL, and ignoring other cash/facilities, MXCP will then at the very least have funds at their disposal to take part in acquisitions costing up to about £90m.
I cannot see a special dividend as likely, or as creating interest to non shareholders, whilst appreciating that long term holders would perhaps not wish to inject more cash into what has for them been a poor investment. Having spent 9 months in limbo, I still await acquisitive steps that I believe will create shareholder interest ( something that realising gains has failed to do ) Should MXCP reach £1 ( perhaps more ) this year, that will I think represent a satisfactory outcome for more recent investors, with hopefully a recovery to previous levels.
We had a multitude of bad news over the last two years, I'm hoping 2019 will see a large upturn in the SP !
Agree its always positive but the last director buys were 2 years ago at 1.8p following which the share priced dropped to 1.25 for 18 months ...
Sadly holding an average price of £1.25 (2.5p) and I'm reluctant to invest more as its difficult to see what's going to move this share back above £1 (or 2p) without a special dividend to get some investor attention.
Good news, just what was needed....
With the cash they have, and the ability to bridge if required, and structure deals, they surely must move on. They are at least trying to signal they are working towards that.
3 off them.
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.
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....
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.
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.
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.
This looked a solid investment, now we fall back on AD4 & IDE, absolutely nothing happening over at MXLG ?
I trust the company will now put the cash to good use and persue the Liberty Global buy and build.