Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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They might even sell Sagacity to MXLG in which case hello Xmas.
Either way as you said the next few months should be very exciting here.
Gluck
I think it will be around £200m and rising in the not too distant.
IDE just signed Parker , it is like your corner shop taking on Richard Branson part time.
Yes Parker has had his failings but he is a top drawer exec and wont be there for fun.
His contacts and door opening skills no doubt.
The whole group is starting to buzz and come alive again just like Smith said it would the day he took back control.
IDE could make them £50m pure profits in share value alone, remember they will own just under 50% of the reorganized company.
Think if they had held 50% of CTP lol.
They are really getting things going here and with the buyback soon to begin this is going to fly.
GLUCK
Thanks for sharing your thoughts Munters. That's really interesting. Can't wait for the day when MXC has a mcap above £100m again!
Ahhhh. Say no more, old boy. It shall remain your secret.
No....not unknown it was the GIF.
There are ways and means old chap.
GLUCK
I agree the identity of the co-investor is unknown. Thankyou.
Ravenscroft and the GIF are here for ONE thing only and thats the MXLG deal.
They aint here for AD4 thats for sure.
Who do you think MXCP's "co investor" in the first deal was ?
No need for you to think it was GIF.
Thats why they are here.
MXCP have their own cash.
MXCP have access too though wont be required, Billions via Ravenscroft who now own 25% of MXCPUK.
MXCP have the backing and full support and bottomless pit of cash called Liberty Global if need be.
However the trick here is to build the new co from the ground up for as little as possible.
Money is there if and when required.
GLUK.
have seen nothing to indicate that the MXCP/Ravenscroft/GIF arrangement, into which MXCP has committed to invest up to £5mil., (with the States of Guernsey and Pula also named ) is at all connected to MXLG. Everything I have read puts them as separate propositions - but perhaps there is something somewhere indicating otherwise?
Oh it will be much more than £20m.
MXCP always structure their deals in a buy now pay later way as they demonstrated at CTP.
Deffered payments bank finance etc
Also if MXCP put up £10m then so do Ravenscroft or the GIF.This means LG match it with 50% so £40m would be the sum.
However unless they are going after a big player £10m will be more than enough for several deals as in CTP.
Remember Ravenscroft own 25% now of MXCPUK so will want some bang for their buck.
It is quite possible that £10m could by them an £80m company .
LG double up whatever MXCP and GIF invest.
Add to that structured payments and the likes of RCN is within reach.
However I think there will be a quick succession of smaller deals before any large ones a'la CTP.
The time to get onboard is now , before this train leaves the station.
GLUK.
So a potential £20m warchest going forward. New partners in Ravenscroft and Liberty Global. Increased position in Tax Systems and turn-around begun over at IDE. Should be plenty of news flow from now on.
If sold at market price, as on previous occasions, Castleton shares would currently add £6.65m to current cash.
In relation to investments/acquisitions, on 9th. May we were told
" the first half of the year saw MXC sign agreements with Liberty Global and the GIF. During the period, the Group developed its pipeline of potential co-investments with both of these entities and since the period end, both the GIF and the Liberty Global have made their maiden investments and expect to make further investments in the near-term."
Having followed events through from the £5.1m at bank on 28th February, and assuming arrangements with Ide go ahead as foreseen, it appears to me MXCP has of the order of £12.3m cash at its disposal. There are no borrowings.
That figure is about the same as on another thread, calculated independently, so I am satisfied that it reasonably represents the position.
The company is well set up for the future, particularly as it is now operating on a co-investment model where it's 50% of the MXCP/Liberty Global partnership will likely be shared with another investor as with the last acquisition. Funding appears covered. It is my belief that the company will free up further cash for later investment/acquisitions by sale of the remaining Castleton shares, as and when required.
Great summary Raleigh. The Liberty Global JV will imo be the gamechanger for the company. Happy to sit this one out.
In my somewhat biased opinion as an investor, I believe people are missing a trick here. An opportunity to invest in the new and substantial opportunities on offer, whilst in the relatively earlier stages of the company's published plans receiving a form of guarantee in the form of the RNS - promised share buyback. But to derive optimum value from that 'guarantee' it needs to be exercised as early as possible and at the lowest price available. It may be that investors do not find MXCP attractive (historically it has been disastrous) but I believe some do not 'get it', that the risk/reward potential over a three year period is currently very much in investors' favour, that risk being shared with management personally.
That, and/or buyback. Perhaps at same time, and no reason there will not be more than one acquisition.
We must be very close on another MXLG deal if they're going for 12 acquisitions. Slow and steady with this one.
Some share juggling giving rise to a net result of an extra £2m plus in Mxcp warchest.
Putting listed investee companies aside ( they are all where they are ) now waiting on
News of Liberty Global acquisition(s)
Progress on the new investment strategy focusing on privately owned growth technology businesses, overseen by Marc Young.
Progress on Ravenscroft/GIF investments.
News of completion of Ravenscroft investment in MxcUk, whereupon Mxc can commence share buyback ( logically at a lower price than the board anticipates it's plans will achieve ) FCA approval RNS will very probably in my view come earlier than anything else.
As stated in tha last RNS
"The consideration for the Investment will be paid in cash; £1.5 million on Completion, with £0.75 million to be paid on 2 January 2019......
The majority of the proceeds 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 ......."
"A further announcement will be made upon Completion, which is expected to occur in the near future."
Once completion effected, MXCP will be in a position to commence buyback
Nice rise over there this morning.
TAX has been tipped in today's Midas column in the Mail on Sunday.
A Midas tip usually gives a company's shares a good boost.
MXCP hold over 18% of TAX so we should see a knock on effect here next week.
Someone's confident. 14.5m buys at £182k.
Stephen Lansdown-backed investment firm Ravenscroft will purchase a 25% stake in tech advisory company MXC Capital. The £2.25 million deal follows Ravenscroft's appointment of MXC as a consultant to its investment company, the Guernsey Investment fund (GIF), earlier this year. The portfolio invests in projects and businesses focused on Guernsey or which may benefit the island. MXC will advise the managers on its tech investments. Jon Ravenscroft, chief executive officer of Ravenscroft, which runs £4.7 billion in assets under administration, said: ‘This is a long-term investment which aligns Ravenscroft’s interests more closely with those of MXC with whom we have already established a successful working relationship. ‘We expect opportunities to refer work to each other and believe there is potential for further synergy in the future, which will further benefit our shareholders and our loyal and hard-working teams.’ MXC chair Peter Rigg said the firm expects the deal to benefit its transactional business and provide further opportunities for its investment business........ http://citywire.co.uk/wealth-manager/news/lansdown-backed-ravenscroft-to-buy-25-stake-in-mxc-capital/a1139541
https://m.londonstockexchange.com/exchange/mobile/news/detail/13723313.html
It’s about time the management should rethink. The spread today shows over 13%. It has been in double digits most of the times .This is ridiculous. The company takes ages to report. When almost all the assets are in quoted/unquoted securities why does it have to report almost 3 months after a period end. Buyback is good but then you may miss a good investment opportunity. Consolidation of number of shares (1000 to 1?) with reasonable spread may be of help in the medium term.