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A marketing article. First in years
https://www.linkedin.com/feed/update/urn:li:activity:7186670915609317376/
Appears to me Mxc have Cloudcoco pretty much under it’s control now (for good or bad)
If the underlying business there, and indeed Tialis, does not give appropriate value through listing, they’ll strongly consider privatisation, as they did with themselves.
The Bid is 60, and someone sells for 55. I give up!
Https://www.lse.co.uk/rns/TIA/trading-update-j8f8mgkutqspvtu.html
What is the exercise price? Are they new shares or ones held in treasury, or to be bought back by the company? We should be told, especially as it is a related party transaction.
I know we can't see a price for MXC apart from the last 73p tender offer. But in their A/R Koris365 is said to be doing really well. Companies House dies indeed show strong revenue growth to Dec 22 at the various bits, some part-owned with Liberty Global.
I view Mxc as ‘sharp’ operators. It all has to flow back to them in one way or another for those operators to best profit.
Which is why I stayed when they went private, and vastly increased my holdings at knock-down prices.
I don’t relish being on the dark side though. You hear nothing. Though I’ve had opportunity for payouts ( didn’t take the last ) I’ll be glad when the company is wound up and I can see my cash again.
Yes it looks like a build and sale situation to exit and with a positive 2023, I believe they are unlikely to go private, but build through acquisition or the pipeline of clientele . If privatisation was the case it’s likely they would have done it already. But with MXC you never know….they will gain a positive return either way…
It is very clear Mxc’s interest will be sold. I see that as Tialis being sold. For cash.
If it continues to trade below value, Mxc will at least consider taking it private, as they did with themselves, though I believe at an earlier time they said they had no current intentions of doing so.
MXC are all in on this stock they are already turning it around and am looking forward to the 2023 final year results. It looks like a very promising year for Tialis and hope that us long term holders here start to see a nice return.
Tialis sp undervalued they say
‘detailed rules of the LTIP’
You can bet on that!
Https://www.lse.co.uk/rns/TIA/grant-of-options-o5kfnyywxg42eqd.html
Sorting themselves out, and finding it necessary to mention sale in view of Mxc’s stated intention.
Old Smith doesn’t miss a trick, having bought into his SIPP in August, in preparation for the sale.
They don’t tell us much as we go, if there’s anything to tell. We’re left with measuring against their 7th. August results outlook.
Summary and Outlook
The board continues to be pleased with the trading as we build for a profitable, cash generative year. We continue to build our base of customers and revenue. The Company has latter stage engagement with new partners that would deliver a meaningful uplift of revenues for 2023 and beyond.
We have a cash generative business and at an adjusted EBITDA level, we have a profitable business. Our plan is to continue with our organic initiatives that will continue to demonstrate growth. We intend to expand our partner network and are also looking to expansion into Europe. The Group will also consider growth through further acquisition and would consider synergistic targets that would expand and deepen our service offerings.
We can confidently look forward to a positive and rewarding future for Tialis shareholders.
Just further musing. We know Mxc intend to sell. I guess Kestrel, who work/have worked with Mxc over the years will follow along.
The party showing interest as a vehicle is Daisy Group.
As at 23rd August 90% was tied up.
MXC Capital
Number of Ordinary Shares:
18,204,685
Percentage of Issued Share Capital:
75.2%
Daisy Intermediate Holdings Limited
Number of Ordinary Shares:
2,289,295
Percentage of Issued Share Capital:
9.5%
Kestrel Partners
Number of Ordinary Shares:
1,225,011
Percentage of Issued Share Capital:
5.1%
In my view, only Kestrel may consider selling, before the company is sold as intended, preparatory to winding Mxc up.
Ian Smith, putting his own cash in in addition to his holding as a partner in Mxc remains a good sign, though doing nothing for us at the time.
Looks like either the free float is now very low or News incoming (or both!)
At one time, his lead would likely have been followed. At face value, Mxc view is that the company can eventually be sold at a profit from here. And he will get cash via his Mxc holdings, as well as his latest buys.
Not sure why it isn’t showing as a RNS but Mr Smith acquired another 100,000 shares today - that’s 3 days in a row..
" the board notes the continued decline in share price"
How about news once in a while? They do trading updates, and that's it!! And bury contract wins in bullet points.
That’s a very good sign as £44k is no small change - he obviously is confident for the future ..
Guys, buyback from where ? Cash at bank is less than 0.4 million? !
Any idea?
I feel next result will send it back to 100p easily, expecting at least 26 million of revenue full year with good profit, but until then how they will get the cash?
If they do buybacks, on the next to no volume we have, it’ll make a big difference, until it’s sold into.
One things sure, Mxc want the price up, and then a buyer for the lot.
The borrowings were far higher last year until debt was converted into shares at 89p.. (go back through the RNS history). Debt interest will be lower going forward and apparently the lifestyle contracts have better margins - so I will continue to hold as I feel the share price is at a low point. Btw the company notes the share price decline and may buy back shares in future. Finally I believe the outstanding CLN debt isn’t due until 2025 and probably will be converted into shares - I suspect these bond holders want proof of the turnaround first.
don’t think you’re missing anything. i wouldn’t advise anybody to buy it. i consider myself locked in, waiting to get out, when it’s sold, as it will be.
having said that, it was dire, after years as a **** up in my view.
it seems to be improving, from what they tell us.