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The buy back prices have been higher for the last 3 days, and today the Share price has a bigger movement up 20th - 1.55p 20th - 1.585p 21th - 1.5943p 22th - 1.61p
Another chunky buy! What ever happens with the FCA investigations , these guys are not amateursure's and this will imo blow over. The SP is mega cheap and as soon in the clear a major re- rate on the cards imo. DYOR!!!!!
Appreciated. That, as you know, been the seemingly ongoing question surrounding the Mxcp dealing in RCN shares, which the exited CFO at least is in a position to answer to ' the appropriate authorities.'
My concern is who knew 'what' and 'when' ?
The FCA are probably obliged to. CFO 'went' following quite extensive ( and now historic ) accounting ' irregularities.' Somebody has to finalise that as yet unexplained aspect.
Looking into the affairs of RCN now, might explain that sell off last week
Be irrelevant to recent trades I imagine, but this is latest known. number of shares in issue as at 16 March 2017 is 3,383,827,909. There are 4,782,861 shares held in Treasury. The percentage of shares not in public hands as at 16 March 2017 is 47.98%. Significant shareholdings as at 16 March 2017 are: Name of Shareholder Shares % Tony Weaver* 574,037,281 16.96% Ian Smith** 518,550,515 15.32% Nigel Wray 416,490,917 12.31% Hargreave Hale 230,030,000 6.80% Martin Bolland 213,606,569 6.31% Marc Young, Director of MXC Capital Limited*** 102,212,559 3.02% Peter Rigg, Director of MXC Capital Limited**** 10,897,396 0.32% Paul Guilbert, Director of MXC Capital Limited 1,271,260 0.04% Stuart Nebbett 106,505,143 3.15% *Tony Weaver holds 561,295,760 shares personally, 12,741,521 are held by his Self Invested Pension Plan. **Ian Smith holds 472,750,220 shares personally, 45,800,295 are held by his Self Invested Pension Plan. ***Marc Young holds 94,851,583 shares personally, 7,360,976 are held by his Self Invested Pension Plan. **** 2,736,780 shares are held by Nicola Rigg, wife of Peter Rigg.
Definitely a big seller in the background. Wonder who?
The trick with anything if knowing where the bottom is, did I see a bounce then ?
Didn't damage price as much as it might have yesterday. Jayfella pointed out first big buy of late and there have been others to offset.
Thanks for response. I've not held here personally but others connected did, and are watching again. As you know, I'm Ctp on a personal basis and I wish investors here well- what's good for Mxcp can't be bad for Ctp and investee companies, and what's good for investee companies must be good for Mxcp. As I see it nothing fundamentally changed with their business, but there will always be different phases in the investee companies' development and progress, and in their own investment cycle, as well as what might be vagaries in sps. and NAV. I think the next deal may bring a better platform to work from.
Yes a LTH, the share buy back programme could take some time to complete with only a limited amount of shares available. If I've got my sums right they'll still have another £180,000 in the kitty to purchase more shares at the lower price. Can't see this getting much lower now IMO In the long term all well and good but when you've see the SP at more than double today's price you do get a little downbeat but I know it will turn eventually. Looking forward to the next acquisition !
Certainly encouraging, alongside continuing buy backs.
£264k trade. Someone's confident.
You seem a little downbeat as a LTH, unless I misunderstand. Having just had a trading update, what do you see as being the catalyst to advance the sp?
A big trade there now at the same price.
Yes, the rules don't permit 'over enthusiastic' buying. So they will continue as they are, I imagine.
I noticed a big drop in the SP this morning, don't think its likely to rise much until the buyback is complete, then we'll see
They seem to be able to get them a bit cheaper than the others. Picking up some and cancelling them, but apart from rise on initial news of buyback not so far driving the sp. up.
Not the best of endorsements
Tom Winnifrith mentioning the RCN ' fraud ' alongside results is unlikely to be helpful either.