Member Info for Raleigh

Should Ide settle at 2.5p or thereabouts, having reversed twice from 2.3p - 2.5p, it would amount to a healthy increase on the investment for this half year period of £1.65m. Let us hope that investors, who drove the price to top out so far at 3.3p, show continued support.

Having regard to where it has been, 2.50 logically is the low, the price at which the large share subscription was made.

I do not ' do ' forecasts, but on what I see this can comfortably trade at over £1.

I am not a long term holder here, in the sense that some will have held since 3.5p days ( 175p ) and perhaps higher. I have not experienced the history in the way that some have, so may be lacking in some respects, but have been back-reading. The decline from a better place seems to have been brought about by three issues. Those are the decline in the values of Ide, Adept4 ( as is now ), and unfortunate events at Redcentric which resulted in a currently nil value of MXCP warrants in that company.( though shares were successfully cashed out ) That all impacted the accounts, and the share price. It has long been reflected in the share price. I bought in on the basis of that, that the share price had bottomed out, and that a brighter future was heralded by the MXLG buy and build partnership ( resulting in fee income and profit to come from the final result on sale at the end of the matured company to Liberty Global) and the Ravenscroft partnership ( resulting in fee income and profit from the sale of investments in the various investee companies ) Though without any faith in Adept, I viewed any improvement in Ide as a bonus ( some bonus now! ), which has recently come into play. I think that fairly represents the position, but am naturally open to be corrected by those who have followed past events more closely. It is my view that Mxc Capital has 'started again'. As I write, on my reckoning, Mxcp's 43% shares in Ide ( they were given dispensation to avoid an offer ) are currently worth about £5.43 m, a marked improvement on the position reported in May of £2.67m. MXCP will be looking to sell in due course, in such a manner and taking loan notes into account as to recoup all or a substantial part of historic losses. I continue to believe that Mxcp's longer term future lies within the MXLG and Ravenscroft tie-ups, and Ian Smith's buy and build experience and opportunistic nature. In the meantime, Ide is no longer a drag and MXCP worthy of a higher price - that will surely receive commentators attention.

Mxc Capital and others have brought Ide back from the brink through loan notes. My opinion is that the current in-house heavy supporters would not wish any dilution of their own interests, nor will it be necessary. The recent refinancing settled external debt, and provides long term funding, including working capital.

If investors have their eyes on the ball, I suspect there will be renewed interest, even if Ide does not advance further, which it could well do, or hold all of its gains. Share price value accretion should transfer, later if not now. This week may be an interesting one.

I agree there should be. But no one has bought. My view is that investors are currently following Ide ( it is far more exciting ) and not looking at who is behind it, and who stands to gain. It will reflect in the NAV, and MXCP will undoubtedly draw attention to that in any trading update and in results to 31st. August. In the meantime Ian Smith will have the opportunity to buy back into the EBT below NAV, reducing tradeable shares. Perhaps investors will, once Ide stabilises and in quieter moments, turn their attention in MXCP's direction. I believe they should, and prior to results and comment, hitherto marred by Ide share price performance.

As far as I am able to see, nothing has changed since before suspension, and if that is true ( perhaps you can point out any change ) I am unsurprised that there is no reaction here. I am though, entirely surprised and bemused by Ide's sudden good fortune and wish its shareholders well.

There may be another consideration for some. Dependent on one's individual circumstances and particularly house valuation, I am advised it may be advantageous, though not to oneself, to hold a sensible amount in stable and reasonably performing IHT avoiding companies on Aim, thereby potentially saving 40% tax liability on death. It is a general additional consideration only, when investing in Aim shares, but with no change anticipated in its listing, Castleton probably fits the bill, subject to changing policy and interpretation at the time by HMRC.

Sajid Vakilian, Managing Director Mergers and Acquisitions, Liberty Global was also appointed director this year, replacing Andrea Salvato. So a change on each side of the partnership. And there is a million share buy today, in respect of which my earlier comments apply.

I have little doubt the company is in discussion with Cloud customers. Data storage and retrieval is just one aspect. It has recently brought new products to market, and is continuing with cross- selling where it has been selling over one solution a week into the existing customer base. There are new customers, and the prospect of more both for multi-cloud delivery, and for individual or multiple solutions.

Both seller and buyer get what they consider to be a fair deal, without damage to the share price, the shares start from £1, and the investor base is widened.

I have seen no conversion notice for BGF, and the accounts show, having disposed of MXCP's notes, £1,883000 to be outstanding to BGF regarding Kypera. By not converting, BGF appear to be giving Castleton the option to buy back the notes and avoid dilution ( they can do so as of last February ) whilst at the same time increasing their investment by separate share purchase, and at a higher price. Highly supportive.

I should like to think the intended size of MXLG, initially through multiple acquisitions is a full time job for one or the other of the two, and I have always understood Tony Weaver in discussion with Ian Smith to be the nominated lead for MXJV. I do not know what their thinking is, but there are other fish to fry at MXCP and Steven Zhang has an M and A, bid support and due diligence background, seemingly ideal for the buy and build exercise.

Fincap do so

The company is working towards signatures on contracts, including new customers. It is not spelled out in the RNS but do so - 'The merger of the Software Solutions and Managed Services businesses is expected to aid cross selling and the increasing ‘cloud first’ attitude which some new and existing customers intend to embrace.'

It appears to be a cancelled trade.

As you know, there is a much wider picture than trading over a limited period, and that is why investors continue to hold shares they favour, and ride out small ups and downs. Castleton is self-evidently in a much stronger position as a company than it was. I shall be astounded , with it's established position in the market, if Dean Dickinson's latest investment in infrastructure and products does not yield positive results throughout the year, and upward momentum will return.

That £1.063m buy today will go to tightening up the shares available, whoever the seller and buyer may be. It is of little consequence now, but to be clearing a seller in part or in whole before the prospect of a rise in sp will benefit all the other shareholders, as I indicated in my last post.

I imagine the trades at 105 relate to the holdings RNS. Such large trades are likely between parties and notified to market, brokered by Finncap.