Member Info for Rocka999

Nothing further on the buy back

I believe this should be valued circa £80M which leaves us around the 2.3p - 2.4p mark, still well undervalued right now

Nice one Emma.....

MXC’s three largest listed small-cap holdings have actually increased in value by £6.45m since the February half year-end, including its investment in Tax Systems (TAX:80p), a leading supplier of corporation tax software to the large corporate sector and the accounting profession in the UK and Ireland. MXC subscribed for £8.7m-worth of new shares as a cornerstone investor in a £45m placing last summer and still holds warrants over 6 per cent of the 76m shares in issue, the majority exercisable at 67p, but some at 61p. These warrants are currently showing a paper profit of over £650,000 and MXC's holding of 15.2m Tax Systems' shares is now worth £12.2m. A pre-close trading update last month confirmed confirmed that Tax Systems is trading in line with finnCap's expectations which point to the company delivering a near third rise in EPS to 4.2p this year, implying the shares are rated on a forward PE ratio of 19. Assuming the company delivers a 16 per cent rise in EPS to 4.8p next year, as finnCap predicts, then the forward PE ratio falls to 16.6." Having taken into account the operational performance of the aforementioned three major investee companies, the cash on MXC's balance sheet, and the value of the private equity portfolio, I believe next month's pre-close trading update should highlight the value on offer here. Recovery buy."

I'd of thought they would have ironed out all those creases by now, especially as they've showcased the place !

Back in with their "BUY" rating £4.40 They rate Ocado as one of their top 4 UK "Best of British" stocks

Croydon-headquartered managed services company Coretx continued its recent expansion push, now investing £750k in setting up a dedicated cyber security division. The Protection Against Cyber Threats (PACT) business unit comprises a security operations centre (SOC) and 10 internally trained security specialists. It will host new cloud-based security information and events management (SIEM) and advanced threat protection (ATP) platforms alongside endpoint protection and security planning services. Coretx (previously known as Castle Street Investments), has been busy on the acquisition front of late, snapping up rival mid-market managed services firm 365IT for £5.4m earlier this year. On this occasion, management felt that developing its cyber security practice in-house rather than buying it in from elsewhere would get new products to market more quickly whilst creating long term value for its shareholders however. The implementation and maintenance of effective cyber security defences remains a top priority for UK firms wary of the damaging fallout associated with high profile hacks and data breaches (subscribers can read our Market Trends and Forecasts 2017-2020 report for a more detailed analysis). Coretx is confident it can mine that extant demand, predicting PACT will be profitable as early as H118 by which time it expects to have 30 customers on-board. That suggests to us the company already has up selling deals involving its existing managed services clients in the pipeline. But we think the real test of its success will depend on its ability to attract new mid-market customers to PACT amidst growing interest in the SMB/SME space from rival MSPs and much larger cyber security players like Sophos, Symantec and Trend Micro.

Where is he these days? I did notice that when Amazon bought Whole Foods he was quick to slate Ocado and its supporters back in June

Tend to agree but its the Ocado mentality plus long term its probably going to happen in some shape or form which is why they're looking at it. There's certainly a long way way to go before this replaces the delivery driver which most shoppers would prefer right now I'd imagine. I've noticed in a supermarket that some shoppers still prefer the human interface even when it would have been quicker to use the self check out. I've had many fun and games here, a loaf of bread came out as a table and four chairs once! The wonders of technology eh ?

Well that's a step in the right direction, cyber security is very much on everyone's radar right now...

They have Ocado "Under review", is the worm about to turn !? This was one of Ocado's biggest critics for them not in the know

Cash rich apparently, could we get a divi !

Cheers, I'll see if I can get the comment

There's a few buys going through I see but why ?

And the price goes up on nothing ?

http://uk.kantar.com/consumer/shoppers/2017/september-kantar-worldpanel-uk-grocery-share/ Interesting insight as to the current market shares of the UK grocers using comparative quarters, only the discounters and Ocado have actually increased their market share which follows a well trodden path

It was in the original business plan

Looks a steal at this price, the share buyback appears to have stalled which hasn't achieved anything at all, they should be buying at this price rather than the higher prices paid which now appears a waste of money, they could have paid a dividend ? There's still storm coulds hovering regards RCN which I think we all want out of the way

Bit more undervalued now...

Reasons to be cheerful......none, thought there was a top management team here and well invested, where are they now?