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Thanks for sharing Munters.
They are but they cant right now as they are in possession of price sensitive info and would be breaking the rules if they did.
They have to wait until they are not in a self imposed closed period.
A company share buyback is also going to be introduced again but this also cannot be implemented until such a time as they are not in possession of price sensitive info.(this info was published in the interims)
This could take a while I am told.
Make of that what you will.
I have written and asked Ian Smith and he has told me he is not able to say much because of the reasons I just mentioned above.
He does however suggest we are patient.
Make of that what you will also.
Rainbow chasing imo.
Strange that there's a deal in the pipeline yet shares are being offloaded...............
An acquisition is known to be on the way. They do not always immediately lead to a price increase, but investors do not appear to have recognised the company's last realisation of funds to deal with that, either at the time or since, ideally in its entirety as far as MXCP is concerned.
Must be getting a hefty rate of interest as nothings happened ;)
Big chunk of cash ready to go...... Expecting an rns very soon on next acquisition. Unbelievable how peeps have not cottoned on what's happening here.
One senses that another deal is coming with regards to MXLG, I can't see the sales proceeds from CTP going anywhere else ! Matter of weeks now ?
Some background. http://www.locateguernsey.com/guernsey-investment-fund-an-introduction/
A FUND established with public and private backing to boost Guernsey’s economy has made its first investments in technology and innovation. https://guernseypress.com/news/business/2018/06/01/public-backed-fund-makes-investments/
On reading that again, it seems a little negative. That was not my intention. I agree that taking the portfolio and balance sheet into account, together with the potential provided by ongoing activities, MXCP is undervalued. It has hit the all time low, and bounced, indicating an entry point. Management are incentivised by majority share ownership , and have a track record in the sort of opportunity provided by MXLG. The GIF also plays to their strengths, and will be a reliable source of income. MXCP has been unloved, and that is why it is undervalued. I make no forecast, but take the view the price will not drop below the last low, and with diligent management and a following wind, over time may do very well indeed. I confess to thinking, it has to be worth a punt at this price to start with and see where we go.
You raise an interesting point. These 'roll-ups' are not always entirely successful, though that has worked well with Castleton and there must have been detailed discussion with Liberty Global, who know what they want to achieve - so my assessment is it will be jointly made to measure and within perameters. Any difficulties, if they arise, are unlikely to surface until much further into the MXLG project, months/years away, and presumably resolved to LG's satisfaction. So perhaps not an immediate concern for investors - and, with respect to holders, it will be difficult to cause much more damage to this share price.
There appears to be a flicker of life in the old dog here, I sense a tiny bit of smoke of the horizon which means someone has lit a fire. Potential multibagger here I believe with the management back and focused on the job in hand now! MXCP is well undervalued and has his rock bottom. MXLG deals looks massive potentially, big risk but could be worth it !
Down we go again.......................
It appears that the market is still not convinced...........
RNS..... Interim results...... http://m.londonstockexchange.com/exchange/mobile/news/detail/13633705.html
SICL Leeds........... We initiate coverage on SICL, a Leeds-based VAR and managed services provider, as it closes up a strong fiscal 2017, with accounts detailing more than a doubling of EBITDA to £1.4m on revenues up 48% to £9.0m. We caught up with Managing Director Shirley Firth, who credited the strong performance to a return to basics and the company’s core “embedded” sales strategy, in which technical staff drive cross-sell revenues in solution sales. This looks to deliver again in 2018, with the expectation for £11m revenues, on very little extra headcount investment................. https://megabuyte.com/news/5a210f87e4b031cd97bf2df5/sicl-s-embedded-strategy-delivers-2017
Ian Smith, CEO of MXC Capital Limited, commented: “I am pleased to be able to announce the first acquisition by our joint venture with Liberty Global. SICL represents the first step in MXLG’s strategy of building an IT services provider focused on small and medium sized business customers within the UK. We are excited to have commenced this journey.”
New buy-and-build IT services vehicle makes first acquisition SICL snapped up in new M&A roll-out.. The channel's newest buy-and-build venture has made its first acquisition in the shape of Leeds-based VAR SICL. MXLG is a joint venture between technology-focused investor MXC Capital and TV and broadband giant Liberty Global, and is aiming to build an IT services provider focused on UK SMEs. Finance and M&A New buy-and-build IT services vehicle makes first acquisition SICL snapped up in new M&A roll-up Doug Woodburn Doug Woodburn @DougWoodburn 23 April 2018 Tweet Facebook LinkedIn Send to Print this page 0 Comments The channel's newest buy-and-build venture has made its first acquisition in the shape of Leeds-based VAR SICL. MXLG is a joint venture between technology-focused investor MXC Capital and TV and broadband giant Liberty Global, and is aiming to build an IT services provider focused on UK SMEs. RELATED ARTICLES Leeds reseller LDD Group enters administration 'Hi, I'm calling from Microsoft': Tech support scams on the rise Droplet looks to make splash in UK channel Capita woes continue with £513m loss New buy-and-build IT services vehicle makes first acquisition Its maiden acquisition was part funded by a £2.35m equity injection into MXLG by each of its two investors. MXC's other current investments include AIM-listed Cisco partner IDE, in which it owns 21.9 per cent, and Castleton, a supplier of software and managed services to the social housing sector in which it has a 24.5 per cent stake. At the time MXLG was formed in November, MXC said it would make a series of acquisitions to create an "enterprise of scale". SICL ranked 227th in CRN's Top 250 UK VARs, with revenues of £9m and operating profits of £1.2m. It provides its own private cloud services, as well as reselling Office 365 and Azure. In this morning's announcement, Ian Smith, CEO of MXC said: "I am pleased to be able to announce the first acquisition by our joint venture with Liberty Global. "SICL represents the first step in MXLG's strategy of building an IT services provider focused on small and medium-sized business customers within the UK. We are excited to have commenced this journey." https://www.channelweb.co.uk/crn-uk/news/3030705/new-buy-and-build-it-services-vehicle-makes-first-acquisition
A 24 to 36 month timeline with each acquisition bringing value to the SP is imo well worth the wait. If its good enough for Liberty Global its good enough for me lol!
How long before the sell off do you think, going to take a few years to buy, build and move on
SICL Leeds. First acquisition of a possible 12 (TechMarketView). Very similar buy and build of Castleton Technology CTP where the share price rose 600%. Except this one gets sold to Virgin Media.
As they say, at least another eleven acquisitions to go! Well here we go....................
Leeds-headquartered technology company SICL has said it is on track to hit the £10m-turnover mark targeted by managing director Shirley Firth. The business and organisational IT services specialist has grown rapidly in the last 18 months, relocating from an old police station to larger premises on Pavilion Business Park to accommodate its expansion and increasing staff numbers from 28 to more than 50. Newly appointed managing director Shirley Firth, a former finance boss at SICL, said the business was on track for a record year in 2017 and her target of £10m turnover by 2018. The expanded company said it was now better placed to meet the demands of its client base, which includes local small- and medium-sized enterprises alongside major corporations. SICL's top five clients now have a combined turnover of in excess of £15bn.