Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
On the buy side. Looking very strong.
Looks like this is it? something brewing? They did state next acquisition would be first part 2016.
It's a typical Friday. Very quiet. Well have a good weekend guys. I will pop back in later if anything to report but right now it's gym time !
I wonder when our one will come or if we may indeed now source one of RCN's. Will be intesresting to see where we go with this one.
I see MXC's other buy and build acquired a data center and announced it today Redcentric plc (AIM:RCN), a leading UK IT managed services provider, is pleased to announce the acquisition of City Lifeline Limited ("City Lifeline") for a total consideration of £4.8 million, paid in cash on completion and subject to adjustment for cash, debt and normal working capital. City Lifeline owns and operates one of the best connected datacentres in London, and has been trading for over 20 years. Its site in Tech City provides a secure, reliable location from which its customers operate business critical infrastructure. In the year to 31 December 2015 City Lifeline generated revenue of £3.5 million, all recurring, and EBITDA of £0.6 million. The acquisition of City Lifeline represents another step in Redcentric's growth strategy, providing a well-established London datacentre to complement its existing infrastructure of owned datacentres in Harrogate, Reading and Cambridge together with its national fibre network. As well as continuing to support City Lifeline's existing customers, the London datacentre will provide Redcentric with significant expansion capacity. The acquisition is expected to be immediately earnings enhancing. Fraser Fisher, Chief Executive Officer of Redcentric, commented; "City Lifeline is a great addition to our network of datacentres, something we've been seeking in London for a while. This is a low risk move, earnings enhancing from day one and is a further step in the Redcentric growth strategy".
Was just about to post the same thing. Soemone has been adding a lot of these in very big chunks of late and I would expect another rns very soon. The share price will take care of it's self. One way of looking at it is that those who have been filling their boots from 35p to 40p will be looking for a very good return. That tells us that our thoughts on this one are very accurate. Follow the money, that's what I always say.
That 250k was a delayed buy from yesterday.
Selection have confirmed our stand space for Cloud Expo Europe 2016
Selection have achieved accreditation to the Crown Commercial Services’ G Cloud Framework, allowing public sector customers across the UK to engage expertise and resource to deliver cloud based services. All government departments and bodies will be able access to Selection’s extensive portfolio of cloud propositions through this authorised route to market. Selection is a well-established and growing IT managed services provider, employing over 300 experts across the UK. They’ve built relationships with a large number of different tech traders and retailers to offer premium and bespoke IT & cloud solutions. An exciting new partnership with The Department of Health is already underway, and Selection is now able to provide a full suite of services to the public sector: On the back of this success, Selection can also announce it is now in the process of bidding for its second government framework, ‘Digital Outcomes and Specialists’. Run by the Crown Commercial Service it will allow 30,000 public sector organisations to purchase teams and individuals from Selection to build online digital services.
It's great to have so many heay weights on board here and between them all you can be sure the best way forward will be found and that will bring shareholder value in bucket loads.
Yes, dobbie was involved in the flotation of Iomart and saw it through to it's buyout. I'm a lot more familiar with the MXC group hence my posts more sway towards their abilities but dobbie and Maxy Royde of Kestrel are very compotent and have a good track record.
This is very telling imo. MXC have proved to be very good at the ‘Buy and Build’ model and that’s exactly what I expect them to do at Selection. I think we can expect a series of acquisitions coupled with the inevitable ‘cost savings’ boosting margin. In this regard, Selection starts off with a very healthy balance sheet. £16.5m cash available and up to an addition £19m of credit available when/if required.
Anyone who is familiar with TMR will know that they have the inside track with MXC and have been able to call it spot on with all the CTP MXCP PINN stories to date as MXC sponsor the TNR little british battlers and they obvs talk :) The article below is very well worth reading and taking note of what's been said.
I’ve just had the opportunity to speak with Ross and Marc Young from MXC. Rather than looking back at what Selection was in the past, I see this more as a vehicle where the drivers are the most important part of the story. Clearly there is a requirement in the market for a full IT service house that can take SMEs on the journey that they will all need to take into the Cloud (be it private or public) – embracing data centres, network services, Cloud and all associated support services There are actually very few companies that address that part of the market – mainly because historically it has been difficult to make any money from it. So the larger players tend to concentrate of the larger deals/clients. Indeed, just like ATOS, preferring to partner with companies like Selection in the SME part of the market. MXC have proved to be very good at the ‘Buy and Build’ model and that’s exactly what I expect them to do at Selection. I think we can expect a series of acquisitions coupled with the inevitable ‘cost savings’ boosting margin. In this regard, Selection starts off with a very healthy balance sheet. £16.5m cash available and up to an addition £19m of credit available when/if required. Selection is now very clearly on our radar and we expect to report the kind of news flow - and performance - that we have come to expect from MXC backed businesses.
I'm more than confident that you can get 73p and more here. It's a case if letting things play out and if market conditions can stabilise over the coming weeks/months things will develop a lot quicker for us here.
Andy Ross, currently a Partner at MXC who was CEO of Northgate Managed Services for 9 years but left just before Capita acquired Northgate Managed Services. will become the CEO of the new business joined by Julian Phipps as CFO was also CFO at Northgate Managed Services with Andy. That's the kind of pedigree we have running things here.
Your personal risk management is nothing to do with the potential of CSI. That's something that you need to work out in your own privacy. The BOD have stated their intention to grow this to a £100 mill in reveunes. That implies more than 300% in appreaciaiton in the share price at the very least if achieved and profit level dependant. Eggs in baskets have nothing to do with this company, that your individual choice and your skill set as an investor to manage such things. CSI hasn't even creamed it's first 100% rise yet so I would'nt start to panic about anything before this company has even made a move in terms of acquisitions. For the record I have over 300k here and feel very comfortable.
Im sure spotted L will be happy :)
Hidden and delayed trades showing up. 75k buy early doors.
Yeah, it's been like that during periods when they are filling orders. kepp plugging away mate you will get them.