Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Don't get me wrong. CTP will be a great investment for us as we own 23.5% with an option to take an additional 5% of the entire stock. It's why we invested in them but it's clear which one of the tow that management have placed their eggs. We will enjoy the ride with CTP but with many great days outwith anything CTP do although anything they do will be rewarded here too.
Which one will have access to discounted placings and stock? Which one has access to a deep pool of funding Which one already owns a fully fledged managed services company 100% outright and will grow it and float it allowing them to make a huge return? They done t with redcentric which is now valued at £220 mill which one has multiple income streams via Calyx, 365Agile, Advisory services and turn around services. which one of the two did Nigel Wray decide to put 6 times more cash in? which one does management of the both hold 51% of? which one does the founder of alchemy group represent as chairman? The answer is MXCP
Some great news pieces announced of late with all the success still to be attributed to the share price. Potential IPO of Calyx and 365Agile to come. Botch will be very lucrative events for MXCP and will transform the share price. CTP investment is also doing very well and a great conduit to market for the all the MXCP investments of late.
One of the top tech analysts had this to say. The MXC team has an enviable track record. Just look what they did at turning a ‘bust’ Redstone into Redcentric now on the stock market with a value of £220m. MCX themselves IPOed in July 14 and its share price has tripled since. Up another 5% this morning on today's news. MXC are the sponsors of TechMarketView’s Little British Battlers programme. As we have seen the ‘Buy and Build’ model can be hugely successful if focused and executed well. Just look at Vin Murria V1.0 at CSG and Vin Murria V2.0 at ACS. The MXC team are ‘Ace Executors’ too.
Excellent news for MXCP and CTP today and also 365Agile. 365 Agile was advised on these transactions by MXC Capital Advisory LLP, a subsidiary of MXC Capital Limited (AIM : MXCP). MXC Capital Limited is a core investor in 365 Agile, owning 25 per cent. of the issued share capital. Expecting next news on Calyx any day!!! All MXCP investments bringing home the bacon for MXCP. More news to come here and 6p within weeks
full article can be read here http://www.channelweb.co.uk/crn-uk/news/2396755/no-job-cuts-at-calyx-claims-ceo-after-mxc-takeover
Is this the reason for selling EYE. Calyx Ceo stated they want more acquisitions so funds are obviously going to be needed which MXCP can provide with no problem. read below. Steve Clark Calyx CEO said "We have created an attractive asset that had a good fit for a number of different environments and that's exactly what we set out to do two years ago," he said. He claimed Calyx made the deal with MXC because it wanted more financial backing to invest in the firm to facilitate its growth, and its previous backer, Better Capital, did not have these funds available. "In the managed services environment, scale is absolutely paramount so we needed a backer who has money to spend, so we could grow organically as well as through acquisitions. MXC is a proven merchant bank which has a track record of providing value for their shareholders and growing businesses organically as well as through acquisitions so it was a perfect fit for us." Clark indicated that Calyx would be looking for acquisitions to grow the business, but said it was yet to be decided which kind of firms it would be looking to take on. That all makes sense to me so I expect further acquisition to come here.
MXC CAPITAL LIMITED selling down EYE holding on the 20th of Feb and may well be out by now so expect another rns. Another £ 2 mill + in the bank on completion of the sale.
I wouldn't try and rely on a chart as this is very news orientated as is aim on a whole. We were 2.40p prior to news on Monday so I would doubt it would fall back to pre news levels as a retrace. Imo 5-6p will come very soon so any weakness will be snapped up imo.
Great news the day after the acquisition that Calyx is absolutely flying. Looking forward to contract wins and further acquisitions as per Ceo's comments.
From advfn It appears this is indeed figures that have just been released. The acquisition was announced on Monday the 23rd and then calyX announced these figures on the 24th. This looks like a very shrewd deal and one that's going to catch a lot of people out!!!! ----- Calyx Turns NetApp Silver to Gold in 12 Months as Profitability Grows Feb 24, 2015 Managed Services provider, Calyx, has been made a NetApp Gold Partner after just one year with Silver status. Michael Whitty of NetApp commented: “This is a significant achievement by Calyx; to transition from silver to gold within a year is rare, but Calyx has worked exceptionally hard ensuring both sales and technical teams are fully accredited. The results are clear to see and we are all feeling very excited about the partnership.” Not only has Calyx sold over £½ million worth of NetApp solutions – a key requirement for the promotion – but it has also invested in NetApp as part of its own Infrastructure-as-a- Service platform, cementing what was already a strong relationship between the two firms. “NetApp has become Calyx’s ‘go-to’ vendor when delivering best-of-breed enterprise-class solutions such as a hybrid cloud,” said Steve Clark, CEO at Calyx. “For our customers, this new Gold ranking means they can be totally confident in our skills and expertise in implementing NetApp solutions for the maximum benefit of their business.” -----------*** The accreditation comes as Calyx reports a growth in profit margin of 266% thanks to growing demand for consultancy, combined with its own operational investment. ----------**** Calyx heeded its own advice to clients and invested £1m in its cloud infrastructure, which has helped the business remain highly competitive. At the same time, Calyx has maintained zero debt throughout the year. Clark continued: “Over the past few years technology has become less of a facilitator and more of a strategic differentiator. Listening to customers, we’ve learnt that they need a partner with both the vision and the experience to help understand, adopt and exploit this technology to gain competitive advantage. We have the right skills and expertise to respond to this demand and the individual challenges faced.” - See more at: http://www.calyxms.com/news/68/207/Calyx-Turns-NetApp-Silver-to-Gold-in-12-Months-as-Profitability-Grows#sthash.yN3V5PUw.dpuf
MXCP will only go from strength to strength now and Mondays acquisition provides huge value for shareholders here and if anyone wanted some of that then MXCP is where the growth will come from. We now have a chance to bring in one or two partners like we did with redcentric and it means growth with us retaining a good % of a huge company. MXCP can now restructure and grow CalyX and then seek further investment once complete and then float it. Once floated it could easily achieve a flotation between £75-£100 mill with investment in the right areas. The share price for MXCP based on that would be north of 12p on that scenario. Right now it's restructure, growth and expansion and then we move towards the RTO of CalyX
No such worries for MXCP Looks like growth mode has been switched ON! "We have created an attractive asset that had a good fit for a number of different environments and that's exactly what we set out to do two years ago," he said. He claimed Calyx made the deal with MXC because it wanted more financial backing to invest in the firm to facilitate its growth, and its previous backer, Better Capital, did not have these funds available. "In the managed services environment, scale is absolutely paramount so we needed a backer who has money to spend, so we could grow organically as well as through acquisitions. MXC is a proven merchant bank which has a track record of providing value for their shareholders and growing businesses organically as well as through acquisitions so it was a perfect fit for us."
Nice to see one of our own from MXCP appointed to the CalyX board He added that he would be carrying on in his role as chief executive at Calyx, while chief financial officer Tim Darbyshire is moving to Calyx's sister company m-hance, also owned by Better Capital. Jill Collighan of MXC will step into a role as the MSP's chief financial director.
Calyx's chief executive Steve Clark has told CRN there will be no job cuts following the MXC Capital deal to buy the MSP for £9m, after a widely contested bidding battle. Yesterday it was announced that investment house MXC Capital has penned a deal for Calyx, which was previously owned by Better Capital, which acquired the MSP from administration in 2010. Clark said that following the move there will be no job losses at Calyx and claimed "it's absolutely business as usual". He also revealed that revenues for the 2014 calendar year were £22m, down from the previous year when they were at £23.9m. He said, however, that the company was profitable, with its EBITDA at £400,000. He said he was targeting revenues of £24m for 2015, and EBITDA of £600,000. Clark added that prior to the MXC bid more than a dozen organisations initially approached Calyx. "We had a number of trade buyers looking at us, as well as merchant banks and for us it could have gone either way, but in the end MXC was a perfect fit for us," he said. While he would not disclose the names of any of the firms that also made bids, he said a range of companies were interested, including telecoms firms looking to move into IT. "We have created an attractive asset that had a good fit for a number of different environments and that's exactly what we set out to do two years ago," he said. He claimed Calyx made the deal with MXC because it wanted more financial backing to invest in the firm to facilitate its growth, and its previous backer, Better Capital, did not have these funds available. "In the managed services environment, scale is absolutely paramount so we needed a backer who has money to spend, so we could grow organically as well as through acquisitions. MXC is a proven merchant bank which has a track record of providing value for their shareholders and growing businesses organically as well as through acquisitions so it was a perfect fit for us." Clark indicated that Calyx would be looking for acquisitions to grow the business, but said it was yet to be decided which kind of firms it would be looking to take on. He added that he would be carrying on in his role as chief executive at Calyx, while chief financial officer Tim Darbyshire is moving to Calyx's sister company m-hance, also owned by Better Capital. Jill Collighan of MXC will step into a role as the MSP's chief financial director.
OK, just how it read but forget it. Not really an issue I guess. Main thing is the latest acquisition and how it plays out going forth. Certainly a pleasant surprise and bigger than first anticipated. I thought maybe a few smaller ones in the £3 to £4 mill bracket but they just seem to have been unable to resist this opportunity and it looks like it turned their head in a big way. It certainly sets us up very well here and going forward we should see this gather a lot of pace from this week on.
You want me to look at the accounts for the description of the companies status? No thanks. Look, you stated the comment in the article was strange due to the time frame we have been a merchant bank? I disagree with you it's how we have always operated to my knowledge and how they have been refereed to over the last couple of years by various organisations to my knowledge. Consultancy is one aspect of the business and investing another. Hardly an issue it and not sure why you feel the need to be so rude.
Not sure what your problem is but I think you need to do some research. MXC before listing as MXCP on to AIM was a merchant bank that was and still is the sponsor of the Little British Battlers program and also Saracens Rugby. Now as a listed entity they are still known as a merchant bank. As to when they first took on the moniker of a Merchant bank I am unsure but I have always known them as one previous to listing and now as being listed and I have known of them for approx 2,5 years as a merchant bank which is obviously before they became MXCP. I was only trying to help as you seemed a bit unsure.
Ah Ok, Well, they have always been a merchant bank who invests in the Tech sector if that helps. They will make CalyX a huge profitable business and add the current investment of 365Agile into the mix and create a behemoth Managed services company. The valuation of such a merger/acquisition of 365Agile will add huge scale to CalyX as a one stop shop if you like. Big Data and the Internet Of Things will be a big part of CalyX and 365Agile going forward from here. take a look MXC is a specialist merchant bank that invests and grows value in companies in the TMT sector. It brings together a particularly powerful set of skills to the benefit of both the companies it invests in and for its own shareholders. The team advising MXC has considerable experience in the sector, with a deep understanding of the technology involved. We are experienced, hands on managers of businesses with a track record of growing value. We have a wide network of contacts in the TMT sector that originates a significant flow of opportunity both for MXC and the companies we work with. MXC has access to a deep pool of funding. A distinguishing feature of the MXC model is that it invests as a principal, sharing in the risk and the reward. MXC focuses on delivering: A deep knowledge of the Tech industry with proven management skills in the sector Investment, allowing the team to identify and provide support to growth companies
 An experienced advisory capability to manage transactions and financings
Are you being serious? MXCP has been around and investing since 2003. Please, take a look at this website link. http://www.mxccapital.com/transactions/ They are top of the table IT investment/Merchant bank moguls who do deals like yesterdays year in year and have done for over 30 years collectively A very strong buy indeed and 12p and 15p will come here when CalyX is floated onto the stock market once the offerings and services have been beefed up..