Member Info for Munters

Why would that be Vascular?
You mean just because they announced a very spurious order with no details attached?
I think you need to start thinking old chap.

'Forensic analysis of Kromek's recent half year results should concern investors. Cash receipts from customers was a meagre £1.9m, significantly less than the posted revenue of £3.7m. Receivables at 31/10/2018 stand at £13.1m. Kromek is bankrolling its customers. Presumably, Kromek is adopting an aggressive revenue recognition policy, front end loading profit with cash coming down the line. Price and terms are interchangeable which suggests Kromek's high gross margins may not be realistic. In any event Kromek is burning cash at an alarming rate. This cannot continue indefinitely.'

14p to sub 5p heading to sub 4p

Yer answers lie right there bub.
GLUK.

Hey...................IDS.

So, How is the sleazy porn biz working out for yas all?
Let me have a look...

Hmmm...14p tp 4p...

Never mind at least a few people benefited from YOUR MONEY.

Keep following that carrot lad this gets taken out at low ball and everyone benefits except...YOU.

It's a funny old world innit.

Sleazy....YEAH NOT ARF.....and not just the porno side.
Yer cuckmaster will be along to assure you all is well.
Calm the noobs down so they dont make a fuss.

Doing a good job in't he!!

It takes nothing at all to move this upwards.
It can very easily hit 6p and way beyond on just a small amount of buying.
Once news flow begins and it will, this will rocket and make some very easy money for us all.
GLUK.

I have been a steady buyer of this for a few months now and have increased my holdings this month.
However, not one of my buy trades has been printed.
Not ONE of them!!
It is not a case that they have shown as a sell, it is the case that they have not shown AT ALL.
This is a bargain IMO.
I have spoken to the company.
They did not take Ian Smith and Andy Parker and Max Royde onto this board just to piddle around.
They will be buying and building this into a rather large operation along the lines of CAPITA but obviously not as large.
There is easy upside to 50p and beyond once they get going.
Check out who Max Royde is and Andy Parker, they are big hitters.
GLUK

RAISED OVER 2 YEARS ...
17th Aug 2015
25th Jan 2017

WHERE HAS IT GONE?

The directors stated categorically in official RNS that they now' expected orders of magnitude'
If your a pedant I can find the RNS.
They also stated there was going to be a "step change" in orders/deals and turnover.
Needless to say, all they did was lose more money and not make one single penny in profit as per.

There is no momentum here unless you mean backwards momentum.
The only thing that stops this being a sub 10p share is the constant pumps from Simon Thompson who is desperate to try and avoid more embarrassment.
If it were not for that this would be floundering below 10p where it will indeed end up.
It is not a "risk" that there will be another placing it is a cast iron guarantee there will be one.
The cap is being passed right now imo.
Otherwise, in a few months, it will be insolvent.
This company has been PAID by DARPA and others to develop it's technology it has not even had to use it's own money for that.
The tech is very weak and hackable as proven last year at the black hat hackers conference.
It has been in business long enough to prove it has meaningless tech in a very overpopulated market place.
They are not the only show in town for their equipment not by a long way.
Avoid.

These are atrocious results and it gets worse.
In the past 2 years, they have raised by placings £33m... that's £33 MILLION pounds in cash.

Deduct the current bank debt and they have £3m left.

That's £3 million left out of £33m

Where has it all gone?
Year after year it is excuse after excuse.
No large orders of magnitude (Directors own words) have been delivered and the last £20m raised £17m of it was earmarked for keeping on the books so that companies would feel safe in placing large orders ONLY if they had this amount on the accounts to back them up.
WELL...that money has GONE!!

If the bank calls in it's debt tomorrow this lot will have £3m in cash left but creditors and staff to pay out of it.
This is stuffed!! imo

Oh, but I was one of the few that followed 'Chimers' advice and so you see I sold at 14p.

As for your other comments, they seem a touch confused.
The act of 'filtering' someone is the act of a narrow-minded person.
But hey, you will never realise that now as you have 'filtered' me.
Hey Ho.

Boi.

You mean that Chimers guy that was telling everyone to dump this when it was at 14.5p?
Is it that Chimers you're referring to?
Seems like a smart guy who knows his stuff if you ask me.
Personally, I don't care what language a person uses as long as it is accurate and beneficial language.
Perhaps you should toughen up a bit and allow some smarts to penetrate.

Blah blah blah ...thud!!

50p next call.

What complete nonsense.
Just more reams of jam tomorrow carrot dangling for the noobs.
This was 14p before you got into the sleaze biz.
Now you have vast dilution zero market sentiment and no hope of ever regaining such highs.
Nobody is buying this tosh apart from the criminally deluded and desperate.
Plenty selling though it seems.

Juvenile rubbish.

I used to work for Wins.

Prices get moved up or down based on volume and news.
MM's don't gamble it's an instant sacking if you do.
Rules are very strict.

Juvenile Rubbish!!

This company is built on sand and jam tomorrow the collapse was inevitable.

Not one single penny profit in over 16 years, companies such as this shouldn't even be allowed to list it makes a mockery of the stock market.
Nobody on this planet runs a company at a loss for 16 years unless they are an imbecile or being kept alive by other peoples money.
Its a wage machine for the serial over promising and under delivering Ray Anderson.

Grow up.
Been listening to muppets spew out that MM bilge for over 20 yrs.

It's under £1.00 who could possibly have predicted that!!

You would have to have been a pure genius and market guru to think it would have fallen from £2.30 to £1.00.
I doubt many called this one right.

No they wont go over 30% or they would have to bid for the company.

In certain circumstances, this can be waived like they did at IDE but its not required here.
However their bestest mates Kestrel and Ravenscroft etc might buy more!!

MXCP dont want to own these companies they just bankroll them to profit like they did at CTP.

I spotted the large buys on Fri evening, and the RNS today stating it was MXCP made me reach for the trigger as well.
We should do nicely out of this.

Yes well it's quite simple really.

MXCP could have allowed IDE and AD4 to go bust.
They could have written of their investment in both to that point as a tax loss and cleared them from their books.

They decided to do the opposite.
They decided to invest heavily in both companies at all time lows.
Now I am no Buffet but these guys basically own and run AD4 and IDE and the clearly allowed the current management enough rope to hang themselves (this could have been intentional)

Ian Smith took a 2 yr sabbatical from MXCP during this time he and Weaver tied up and deal with the 20th largest company on the entire planet.Liberty Global.

Then he came back and took back the steering wheel at MXCP (again planned?)
In an instant he started firing and hiring and consolidating MXCP's cash position ready for what will be a massive land grab imo.

They have just signaled that AD4 will be a part of this plan.

One other thing to note.
PINN aka AD4 has always always moved upwards in large amounts on small trades!!

We have a safety net, all we have to do now is watch as the plan unfolds.

MXCP will make a fortune out of AD4 in all likelihood.
So will I :)

So today's notice of intent which is what it was by MXCP puts a solid safety net below this and it can only improve from here on in.
MXCP stand to make multi millions of profit for MXCP's holdings in both IDE and AD4.
They stand to make an astronomical amount of profit from these levels if they turn both companies around.
Hundreds of millions in fact, of pure profit.
So it stands to reason that this is where MXCP will concentrate most of their efforts here at AD4 and over at IDE.
Every 1p on the price for both companies puts millions upon millions into the MXCP coffers or onto their value at least.
It is some very slick maneuvering if you ask me.
They can reverse anything they want into both these companies and instantly turn millions and millions of pounds worth of value onto MXCP's holdings.
46% at IDE and 30% here give or take.
They have the financial backing of giants.

MXCP have a warchest of over £16m in cash and about a £10m borrowing facility.
MXCP have the backing and support of Max Royde and KESTREL which is worth Billions.
MXCP have the backing and support and are in fact 25% owned by Ravenscroft the investment fund owned by the Lansdown from Hargreaves Lansdown one of the UK's wealthiest men worth Billions.
MXCP also act as consultants and advisors to Ravenscroft.
MXCP also have the vast vast wealth of Liberty Global behind them with their 50/50 joint venture MXLG.
Liberty Global supply the cash and MXCP supply the management teams.

So you see these little minnows may be getting groomed for something much much different from what they currently do.
Easier to use companies with listings in place that you partly own than to set up new ones ...nudge nudge.

Interesting you should ask.
I think we have a very similar situation to IDE another of the MXCP stable.
IDE was shambolically run and presided over by a complete incompetent that the board eventually sacked.
Bill Dobbie had a long list of failures and IDE was his swansong.
Ian Smith came in already the room and brought in new management and top quality management at that.
With ex FTSE100 Capita Chairman Andy Parker taking over the helm and Max Royde from Kestrel and Gresham Computing coming onto the board.

I see this announcement by MXCP today as the exact same thing.
I think Duckworth is a complete clown and way out of his depth and the sooner he is booted out the better for all concerned.
I doubt he spends more than 2hrs per month on AD4 business.
Hopefully, this will happen and new blood will be brought in.
Ian Smith is just the guy to do it.

I also think this was going bust until MXCP stepped in.
I think MXCP have a plan in mind for this and IDE and it could be MXLG related even.
Either way they have decided to save it.
Thus it is a very strong buying signal.

Part 2...

The company is starting to put its burgeoning cash pile to good use, having signed a joint-venture agreement at the end of last year with a subsidiary of Liberty Global, the international TV and broadband company. The aim is to create an IT services provider focused on small- and medium-sized business customers within the UK through a series of acquisitions. The first investment was made in April this year in a Leeds-based IT infrastructure and network specialist provider. Both MXC and Liberty invested £2.35m each.

Importantly, MXC is cashed up to do more deals with its heavyweight new partner. I reckon its pro-forma net cash pile is around £14.4m, and it also has a £750,000 receivable that is payable in January from Ravenscroft, an independently owned investment services group based in the Channel Islands with £4.7bn of assets under administration for private and institutional clients. MXC acts as consultant to Ravenscroft in its role as investment manager to the GIF Technology & Innovation Fund in which the States of Guernsey and MXC are invested. It’s worth noting that over the summer Ravenscroft paid £2.25m for a 25 per cent stake in MXC’s transactional businesses, so clearly sees value in MXC’s deal makers.

By my reckoning, MXC’s realised profit on the Castleton stake, the aforementioned call options it cashed in, and the £2.25m realised from the Ravenscroft stake sale, offsets the majority of the £8.8m paper loss on the IDE stake. This means that MXC’s tangible net asset value (NAV) of £51.7m at the end of February 2018 should be pretty much intact by my reckoning. Moreover, MXC’s market capitalisation of £43.7m is effectively fully backed by its estimated cash pile of £14.4m, the £20.25m stake in Tax Systems, the 75 per cent stake in its transactional businesses (see through valuation of £6.75m), and the £2.35m co-investment MXC has alongside Liberty Global.

This means that MXC’s share price attributes nil value to its private equity portfolio (carrying value of £7.55m), the £4.35m current value of its shareholding in IDE, the aforementioned £3m loan it made to the management buyout team of one of IDE’s business units, and a £570,000 shareholding in Adept4 (AD4:1.55p), an Aim-traded provider of 'IT as a service' to small- and medium-sized businesses in the UK.

Of course, investors rightly have reasons to be cautious especially as a previous investment MXC made in Redcentric (RCN:84p), a UK IT managed services provider, hit major trouble a couple of years ago. But with MXC heavily cashed up, and some smart operators (Ravenscroft and Liberty Global) backing its deal makers, I see recovery potential in the shares, which are trading 10 per cent below my tangible NAV estimate of 1.5p. More cautious investors may wish to wait until the final results are released in early December, but I feel the shares are worth buying now. That’s because if the company has indeed turned a corner, as newsflow would suggest, then a decent

Aim-traded shares of MXC Capital (MXCP:1.3p), a technology-focused merchant bank run by a management team that backs investee companies they represent, have been trading sideways all year and are unchanged from the level at which I rated them a recovery buy 14 months ago (‘A trio of small-cap buys’, 22 Aug 2017).

The main reason for this lacklustre performance is that one of MXC’s main investee companies, IDE (IDE:2.65p), a mid-market network, cloud and IT managed services provider, has been going through a cost reduction programme in order to create a more appropriate and profitable cost base going forward. However, some of the supplier agreements entered into previously (relating to fibre, data centres and outsourced support) have impacted IDE’s profitability in the near term, while the expected benefits of the cost-cutting programme have not been realised at the anticipated rate.

Ultimately, IDE had a working capital cash crunch and one that necessitated a rescue equity raise from its shareholders, including MXC which has invested a further £3.25m in equity (at 2.5p a share) to lift its stake to 45.6 per cent. The collapse in IDE’s share price has meant that MXC’s original stake in IDE, which had a £9.9m carrying value at the end of February 2018, is now worth a paltry £1.1m. Earlier this month MXC used £3m of its healthy cash pile to provide a loan for a management buyout of one of the business units of IDE. The loan is secured on the assets of that business and MXC will earn annual interest income of 12 per cent over the three-year term of the loan and a £75,000 arrangement fee, too.

The issue at IDE has overshadowed the good news from the rest of MXC’s investment portfolio. Most notably, the company’s shareholding in Castleton Technology (CTP:96p), a provider of technology products and services to the social housing and not-for-profit sectors, has reaped massive gains. The stake had a fair value of £13.8m at the end of February 2018, or more than double cost of £5.7m, since when MXC has offloaded the holding for total proceeds of £19m, of which £4.3m was used to increase its holding to 20.66m shares in Tax Systems (TAX:99p), a leading supplier of corporation tax software to the large corporate sector and the accounting profession in the UK. The stake in Tax Systems is currently worth £20.25m, a valuation that looks warranted in light of the company’s latest financial results. MXC also realised £1.66m by cashing in all of its call share options in Castleton Technology.

The company is starting to put its burgeoning cash pile to good use, having signed a joint-venture agreement at the end of last year with a subsidiary of Liberty Global, the international TV and broadband company. The aim is to create an IT services provider focused on small- and medium-sized business customers within the UK through a series of acquisitions. The first investment was made in April this year in a Leeds-based IT infrastructure and network specialist p