Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCTP.L Share News (CTP)

  • There is currently no data for CTP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sunday share tips: UK banks, MXC Capital

Sun, 10th May 2015 16:02

Investors who piled into bank shares after the election results became known may have jumped the gun. True, the risk of a less disciplined approach to economic management by Labour has been eliminated. Continued economic recovery should loan losses continue to fall. Likewise, the risk of a costly experiment in turnin RBS into a regional bank has also been tossed out the window. The Tories's beloved challenger banks also stand to benefit now that Miliband's mansion tax plans are off the table and the sale (not public) of the state's sale of its Lloyds stake can resume.Yet banks continue to be a favourite target for political bashing and there is still the investigation into the current account and business banking markets to contend with. Furthermore, with a referendum on Britain's continued membership of the European Union firmly on the agend companies may postpone investing in the UK, which will impact on lenders. Just on the basis of heightened regulation HSBC had already begun to review its UK domicile. "So, while little has changed for UK lenders, the EU elephant could easily crush today's bank bulls," writes the Financial Times's Lex column.MXC Capital has exciting long-term growth potential. The company is a turn-around specialist in the technology space. A key consultant is Martin Bolland, who also heads the board of FTSE 100 outsourcing group Capita. The AIM-listed outfit's chief is Marc Young, ex-head of technology at broker finnCap. The company recently listed and raised £12m of fresh capital to deploy. MXC has already had various successes and is likely to announce a new AIM investment in the coming weeks. Bolland and Young are also hoping to bring four private firms to the market this year. In the IT space it is currently invested in Redcentric, Castleton Technology and Pinnacle Technology. "The stock is not for the nervous. But at 3.075p, the shares should go far," writes the Mail on Sunday's Midas column. Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only and not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
More News
18 Mar 2015 09:12

MXC Capital's 365 Agile Buys Wireless Things, Castleton Expects Boost

Read more
2 Mar 2015 12:07

UK MIDDAY BRIEFING: Tullow Oil Takes New Hit, Set To Drop From FTSE 100

Read more
2 Mar 2015 11:43

UK WINNERS & LOSERS: Tullow Oil Hit By Border Dispute Threat

Read more
2 Mar 2015 09:13

Castleton Technology Buys Keylogic, Opus For Total Of GBP5.5 Million

Read more
3 Feb 2015 09:57

Castleton Confident As Documotive Secures GBP1.5 Million In Orders

Read more
31 Dec 2014 08:11

Castleton shares tumble as first-half profits drop

Castleton Technology's share price plunged on Wednesday after the software company reported a sharp drop in first-half profits as the business continues to transform following a demerger last year. The firm, formed from the separation of Redstone, is now focused on the public and not-for-profit sect

Read more
10 Nov 2014 10:23

Coms Pays Castleton Final Deferred Consideration For Comunica

Read more
30 Oct 2014 08:43

Castleton Makes New IT Support Acquisition, Backed By MXC Capital (ALLISS)

Read more
28 Oct 2014 12:50

UK MIDDAY BRIEFING: UK Banks, Oil Companies Take A Hit

Read more
28 Oct 2014 11:18

UK WINNERS & LOSERS: Banks Weigh On London Once Again

Read more
28 Oct 2014 09:46

Castleton Technology Knows Of No Reason For Share Price Rise (ALLISS)

Read more
1 Oct 2014 08:32

Castleton Technology To Appoint Haywood Chapman As Finance Director

Read more
8 Sep 2014 08:53

Castleton Technology Sees Narrowed Loss In Year Of Restructuring

Read more
1 Sep 2014 09:31

Castleton Technology sells Maxima Information

Castleton Technology has signed a deal to sell Maxima Information Group (MIG) for £752,000 as part of its restructuring process. Of the consideration, £300,000 will be paid immediately, while a further £300,000 is due by 30 September and the remaining £152,000 is due by the end of March next year,

Read more
1 Sep 2014 08:45

Castleton To Sell Trade, Some Assets Of Subsidiary For GBP752,000

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.