Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
it's currently priced just under cash. ie, Nothing is priced in at'all and the Mcap is backed 100% with cash. Wow!! with MXCP as an adviser and Kestrel the major holder I think we can safely say it's going to be one hell of a ride.
A very well respected poster tipped them today on advfn. Them being CSI. I loaded up as I have made a lot of money on the back of his calls.He called both CTP and MXCP so knows his stuff. CSI looks like It's in a great position in terms of cash and it's been described as CTP 18 months ago but with 7 times more cash and a lot less shares. With all the profit I have made with CTP and MXCP I think it makes sense to get in at the bottom for another one that could do 200 or 300% over the next 12 months.
MXCP is a one stop shop for huge growth. 12p-15p coming.
MXC Capital will hold 344,956,989 Ordinary Shares, representing 23.1 per cent of CTP Nice!!
Nice to see MXCP getting more cheap CTP stock at 2p. It's almost too easy for these guys atm. They seem to just smell a profit then go and get it.
morning, still here and still excited about the prospects here. £30 mill for investing will see us move fast. The near term deals will be announced very soon and will see us start our climb to the 8p level imo.
This will move regardless of CTP. MXCP have £30 mill in cash to spend and CTP is just one of many investments. £30 million in cash with several deals about to be announced tells me tat will won't just move but it will significantly rerate.
From pinn, Nicholas Scallan, CEO of Pinnacle, said: "I am confident that the involvement of MXC Capital, with its powerful network of contacts in our industry, will generate a number of opportunities to grow our business. I look forward to working with them." Marc Young, CEO of MXC Capital, said: "We have known Pinnacle for some time. We see an opportunity to work with management to drive the Company's strategy, identify acquisition opportunities and accelerate its growth."
This investment tells me that MXCP will now be actively seeking acquisitions and engineering growth for pinn. All of which will boost MXCP investment and generate fees and income.
The purpose of the Placing is to facilitate a strategic investment by MXC Capital and to provide funds to be used by Pinnacle to implement the Company's growth strategy and to fund the working capital requirements of the Group. The Company has also appointed MXC Capital to provide corporate finance advisory services to the business.
This is looking like the beginning of a new chapter for PINN with MXCP guiding and advising. Growth, advisory fees and acquisition fees all coming our way. Next!!
MXC Capital Limited ("MXC") Investment in Pinnacle Technology Group plc ("Pinnacle", the "Group" or the "Company") MXC is pleased to announce that it has entered into a conditional agreement to cornerstone a placing by Pinnacle of 13,164,122 new Ordinary Shares at a price of 6.5 pence per new Ordinary Share raising approximately £0.86 million (the "Placing"). MXC Capital is subscribing for 5,918,256 Ordinary Shares in the Placing, amounting to 10 per cent. of the enlarged issued share capital of the Company, and has been granted, subject to certain vesting conditions, 7 year warrants over 5 per cent. of the enlarged share capital at the time of exercise at the placing price of 6.5p per share. The purpose of the Placing is to facilitate a strategic investment by MXC Capital and to provide funds to be used by Pinnacle to implement the Company's growth strategy and to fund the working capital requirements of the Group. The Company has also appointed MXC Capital to provide corporate finance advisory services to the business. The Placing is conditional, inter alia, on the passing of Resolutions by Pinnacle Shareholders at the General Meeting, notice of which is set out in a Circular being posted to shareholders later today. Marc Young, CEO of MXC Capital, said: "We have known Pinnacle for some time. We see an opportunity to work with management to drive the Company's strategy, identify acquisition opportunities and accelerate its growth."
That's why I said over £15 mill. The turn around and advisory business will have been generating cash too. Plus outstanding loans that have to be repaid to us. Until results it's impossible to know more than what's been released publicly. We will know in june but it could be as much as £18 mill.
I think it's safe to say the next deal is going to be massive. Under the radar here but no for long.
How did the dentist go? Shall we call you gums now?
Great post and with 365Agile on the verge of RTO'ing in the near future we at MXCP will take off in a big way. Right here is where the action will be and nobody has picked up on that fact. it's astounding. MXCP have no debt and over £15 million in cash with huge stakes in CTP and 365Agile. This may remain under the radar but it will take off regardless.
Some very telling statements in that article. £5.3 million clear profit in the space of weeks and not to mention some advisory fees to boot. MXC's Calyx magic act lauded by analyst MXC Capital makes £5.3m profit from its two-month involvement with VAR as sales of constituent parts to Daisy, Chess and Redcentric. Magician pulling a rabbit out of a hat!!!! MXC Capital's success in generating returns from Calyx Managed Services "where others had given up" has been lauded by an analyst as the sale of its three constituent parts to Daisy, Chess and Redcentric was closed. In all, MXC trousered a £5.3m profit from breaking up the business after TUPE process surrounding the trio of deals completed this morning. According to analyst Megabuyte, Calyx MS – whose turnover had plunged by a quarter to £24m over two years – was a "long-term underperformer" on which most potential investors had turned their back. Tech investment house MXC Capital won a bidding war to acquire Calyx MS for £9m in February, before selling off its break-fix and carrier arms to Daisy and Chess a month later for a combined £5.55m and the remaining managed services activities to Redcentric for £12m at the beginning of April. Redcentric announced its part of the three-way breakup, which was conditional on the completion of the two other deals, has closed this morning. "The formal closing of the three deals finally puts an end to Calyx's struggles as a sub-scale IT services provider, with each division finding a much better home in larger, well-financed businesses that enjoy economies of scope and scale simply not available to Calyx," Megabuyte said. "More broadly, the deal underlines how a proactive, well-connected investor such as MXC Capital can generate returns where others had long given up." The managed, professional and infrastructure and professional services business Redcentric bought boasted a turnover of £9.1m. Megabuyte estimated the deal would add about eight per cent to both Redcentric's revenues and EBITDA for a "measly" six times' EBITDA. Other VARs MXC Capital has been involved with in recent years include Xploite, Accumuli, Redstone and Maxima.
£15 million in the bank ready to make some serious investment which will lead to some serious returns for investors. News on the way.
MXCP have over £15 mill in cash and ready to spend it. They could and would do wonders with coms if they chose to. What ever they decide to do this is one of the safest stocks on AIM. What other AIM company made £5.5 million cash profit in the space of 5 weeks this year? This is so over looked it's unbelievable but it won't be for long imo. No debt, bags of cash, 24% of CTP and a 20% of 365Agile which is about to be RTO'd. MXCP is a class operator with plans to be London's top Merchant bank.
MXC's Calyx magic act lauded by analyst MXC Capital makes £5.3m profit from its two-month involvement with VAR as sales of constituent parts to Daisy, Chess and Redcentric. Magician pulling a rabbit out of a hat!!!! MXC Capital's success in generating returns from Calyx Managed Services "where others had given up" has been lauded by an analyst as the sale of its three constituent parts to Daisy, Chess and Redcentric was closed. In all, MXC trousered a £5.3m profit from breaking up the business after TUPE process surrounding the trio of deals completed this morning. According to analyst Megabuyte, Calyx MS – whose turnover had plunged by a quarter to £24m over two years – was a "long-term underperformer" on which most potential investors had turned their back. Tech investment house MXC Capital won a bidding war to acquire Calyx MS for £9m in February, before selling off its break-fix and carrier arms to Daisy and Chess a month later for a combined £5.55m and the remaining managed services activities to Redcentric for £12m at the beginning of April. Redcentric announced its part of the three-way breakup, which was conditional on the completion of the two other deals, has closed this morning. "The formal closing of the three deals finally puts an end to Calyx's struggles as a sub-scale IT services provider, with each division finding a much better home in larger, well-financed businesses that enjoy economies of scope and scale simply not available to Calyx," Megabuyte said. "More broadly, the deal underlines how a proactive, well-connected investor such as MXC Capital can generate returns where others had long given up." The managed, professional and infrastructure and professional services business Redcentric bought boasted a turnover of £9.1m. Megabuyte estimated the deal would add about eight per cent to both Redcentric's revenues and EBITDA for a "measly" six times' EBITDA. Other VARs MXC Capital has been involved with in recent years include Xploite, Accumuli, Redstone and Maxima. http://www.channelweb.co.uk/crn-uk/news/2403665/mxcs-calyx-magic-act-lauded-by-analyst