Member Info for Paul2566

My view FWIW is that people can try and ramp or de-ramp as much as they want. This stock is priced about right at the moment, and its not heading north to any great degree until some substance can be seen in profitibility. This stock only equates to around 1% of my portfolio, as I see the massive risk associated with a stock of this nature. I will hold and review in around 12 months. My SP with taxes etc stands at 4.56p, but if it reaches 9.5p in 2 years I've doubled my investment and will be very pleased with that return. If it goes belly up, it will be annoying, but will make no real difference to my investing strategy. I suspect some people on here are holding a much bigger percentage of their portfolio in this stock, and I'm afraid I am unwilling to accept that level of risk. As things stand at the moment its impossible to make any prediction where this will be in 12 months and at the moment this is closer to gambling than investing, but I do see there is potential. But equally I can see the other side of the coin.

Not sure its MXC specific, everything I have is up over 15 different stocks. New financial year?????

Relevence?

Not strange, I dislike spiteful people.
Rampers/de-rampers, all the same to me. There is no way I base my investment decisions on the opinion of others.

@ Thefable
Not a very pleasant attitude sir. I am fortunate that I invested only lightly and realised the potential to write this off. I am sure that there are those who have invested more heavily through lack of experience etc. I suspect they feel awful at the moment and I find your posts cruel and unjustified. You must realise that such posts could potentially push people to do silly things with dreadful consequences.
Please desist.

I personally don't think ther is anything to worry about, UNLESS you've invested money you need in the short to medium term.
At the moment this company makes a loss, nothing unusual there for this type of company, and its the reason shares don't cost much.
The SP is I belive based on potential (which may of course never be realised), and to a degree sentiment.
I think <3p is under valued, and >4.5p is over valued.
I expect this stock to move around between 2.8p and 4.5p for a while yet until there is more clarity over both the future profitibility of the company and the markets in general.
I've stated elsewhere that I wouldn't invest any further in this stock at the moment, but below 3p I would have to have a long hard think as I could be tempted. However even then I'm not investing anything I'm not prepared to write off.

Archie
I agree with you. I have tried and failed to value this stock with any degree of confidence due to its current nature.
However from what I can make out taking everything into account I think 3p to 4p is the value.
Its always possible sentiment could push up unrealistic values, we have seen this before in at least 3 stocks I can bring to mind over the last 12 months. I hope this doesn't happen as I belive this company has the potential to do well, and in that scenario I'd jump once I hit 8p.
I believe it my well go sub 3p, but don't think that is its value so shouldn't stay there long, although sentiment can push down just as it pushes up.
If I have funds free at sub 3p levels I would buy more.
I can't see an SP of over 8p being value, until the company is at break even, which is why I'd get out of this stock until I could see the value. An unrealistic SP in relation to value very often leads to a nasty reset that is impossible to time.
I rather like Warren B's quote, 'Price is what you pay, value is what you get'.

Robertone
I guess you are being funny, but if not. Do not buy anymore shares, in fact don't buy anything, EVER.

Nickle and dime buys I suspect.

Just curious as to if anyone has valued this stock.
I know its very difficult for a stock like this.
The best I can come up with is the equity after taking into account debt which stands about £1.72m although that figure is already out of date and I can't trace accurate current data.
Shares in issue 441m.
That in isolation gives a shade under 0.4p per share.
Then we have to throw in some projected earnings, and that gets really tricky until a company shows a quantifiable profit over any worthwhile period.
Add in the expansion plans, and pipeline and it gets really hazy.
If forced I think a value of 3p to 4p is about fair until things develop.
Just really curious on how others have valued this stock.

Personally I don't worry too much about the expected ups and downs, what really gets me edgy is when a stock takes off at an unbelievable rate for no reason that I am able to establish except sentiment, at which point I cash out, and just wait till the SP drops to more reasonable levels, or move the money elsewhere. Many an investor has allowed greed to rule head, only to see profits go the way of a morning mist.

CP85
I think a lot of new investors buy the lower penny stocks because it appears they get a lot for their money, 10000 shares just looks better than 10. So there are probably a disproportionate number of inexperienced investors on this forum who are driven more by emotion than those with more experience. Panic sells and FOMO buys are a road littered with wreckage.

Wolf
I of course don't know your circumstances, and I'm only into this stock for 40000 shares.
I would urge you to think a little about fixing any loss you may have on paper.
Yes this is a high risk stock, and I expect highs and lows, perhaps more than mainstream stocks.
I don't expect this stock to rise consistently in the near term, but I do think it has the potential to make a substantial increase in the medium term. The next 12 to 24 months is going to be choppy but anyone who is in at sub 4p or can average down below that, could well see a substantial profit in that timeframe. Its not going to change £5k into millions, but it could double the initial investment.
That said, high reward comes with high risk and it could also easily half in value.
Personally if I could afford to sit on the paper loss I would hold on, but I have lost money like that before, although on balance I've made more than I've lost by some margin.
Whatever you decide, now is probably not the right time to invest more if you are unsettled, only ever invest what you can afford to lose without it having an impact on your day to day living.
I do my best not to buy on FOMO, and not to sell on panic. If I get fearful, I re-visit my rational on my initial investment, and if that hasn't changed I hold.
I wish you well, good luck.

I think this was the taking up of pre-existing options, probably as part of employee contracts.

Looks like a director or senior employee purchase.

Smartic filtered.
I appreciate different views, however when a poster constantly posts positive or negative comments multiple times a day, its really only saying one thing. Lots of people on these forums have distructive agendas, and I doubt they hold or have any intention of holdind stock.

Ooops sorry meant Irontaz

LE72, KIrontaz
Thank you.
I perhaps should quantify that for me near/short term is less than 2 years, medium term 5 years and long term 10+ years.
Most of my holdings are with a long term view.

Oh and I forgot to mention, do not put all your eggs in one basket, thats very very risky indeed.
You will own winners and loosers with a varied portfolio, but the name of the game is to have more win than loss.
Invest in MXC as there is potential, but dont put everything in it.

I believe there are quite a few new to investing in stocks on this MXC forum, and the posts I have read do nothing to make me believe I am wrong.
I guess this post is in an effort to help others, so first some disclosure.

By new to trading I mean less yhan 5 years experience.
I have been an amature trader for 20 years alongside my day job.
I hold a decent portfolio built up over the years, my investments are held inside an ISA because that just makes sense. I do run a BED account for stocks I can't fit into my ISA in a tax year. I hold ADM, BA., BP., GSK, HSBA, LGEN, NG., RDSB, SSE, TRIG, UKW, ULVR, UU., VOD, and recently a very small holding of MXC.
As you may see I am fairly risk adverse with the exception of MXC, and I do quite like a utility.
I am absolutly no expert, and consider myself very amature.
My aim is very simple, that is to make at least 5% above te rates available to me from banks etc., year on year. This last FY has been unusual and I haveexceeded 14% including dividends and profits from closed positions. I don't do shorts as the risk is for me untenable.
I cant invest any more for the next few months as I'm in the process of moving house, and need to keep cash around me to avoid having to sell stock at a discount, should any unforeseen costs crop up. In fact my las 2k of free cash was put into MXC so I don't actually have that much to loose on this stock.

So to my considerations that I wish to share.
Do not, and I repeat, do not invest in MXC any more than you can afford to loose without it having an effect on your daily life.
I obviously believe MXC has the potential to give me a good return on my investment, but I am fully aware this particular stock is closer to a gamble than a reasoned investment.
Please take everything on these boards with a large pinch of salt, eg. 'It will be £1 by xmas'. Yes I would absolutly love that but there is nothing tangible to indicate this will happen.
If I base the SP on book value of the stock, it comes in around 37, that means I am paying 37p for something that has a tangible asset value of 1p. Now it isn't unusual for an SP to be 3 times the asset value, but 37 times would indicate there is a lot of positive sentiment and or values based on predicted earnings that is driving the SP, neither of which put actual value into the stock.
MXC EPS, earnings per share, sits about minus 0.0078, which means that for each share in the stock that I own its actually loosing me value. Now again I do not find this unusual in this type of stock, but it indicates additional risk.
MXC ROE sits about minus 4.12, which is an indicator of how profitable a company is base on the returns on its stock holders equity. This again indicates to be an additional sign of risk.
I could go on and on, but hopefully you get the picture, this is a very high risk investment.
Now the BIG but, with this level of risk often comes an equal measure of potential reward.
10p possible in near term. MAYBE