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Magnolia Pet Share Chat (MAGP)



Share Price: 2.30Bid: 2.20Ask: 2.40Change: 0.00 (0.00%)No Movement on Magnolia Pet
Spread: 0.20Spread as %: 9.09%Open: 2.30High: 2.30Low: 2.30Yesterday’s Close: 2.30


Share Discussion for Magnolia Pet


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Vyrnwy
Posts: 12
Observation
Opinion:No Opinion
Price:2.30
Correction - Re Rita
Today 10:01
My post stated that the agreed total minimum deployment of the WED agreement was to be "by1st December 2020."

That date I posted is incorrect.

The RNS that announced the agreement stated: "The CMA provides for a minimum capital commitment to be provided by WED of US$10,000,000 by 1 January 2020".

That is a period of 19 months from now.
 
Vyrnwy
Posts: 12
Observation
Opinion:No Opinion
Price:2.30
RE: Rita
Today 09:46
In the last 6 months of 2017, she presided over an increase in the shares in issue of 87%. The first by an issue of consideration shares to WED (for no cash but a management contract for fees and a free small share of first spacings). The second (which raised a$300k net cash) was to invest in new wells in Oklahoma.

That rate of share dilution should raise serious questions.

The WED Capital Management Agreement was first announced almost 11 months ago. since when it has only deployed 5% (over 5 months ago) of its agreed total minimum deployment by 1st December 2020.

Shareholders should really be concerned about the absence of any further deployment of WED funds to invest on their behalf by Magnolia.

I think this will only become clear with the issue of the 2017 annual results.
vilage_idoit
Posts: 200
Off Topic
Opinion:No Opinion
Price:2.30
Rita
Sun 20:49
doesn't give a damn about shareholders, and obviously the stock price is not a stonking buy otherwise she'd part with some cash.

Poster below saying she gets 200k in salary - whether that is in £ or $ that is quite frankly ludicrous.

The market cap has now gone so low that any material good news will have a sizeable impact on the stock price though that's no consolation to existing long term holders or anyone who bought in the past year. That's not to say the market cap can't halve to £0.4m either as, let's be honest, there is not a shred of value here.

"Company is in the process of renegotiating its bank loan. The Company has previously announced that a request for an extension to its loan facility was being processed by the bank. Since the last extension, the Company£s bank has been sold and negotiations are slower than previously experienced."

The above does not sound good - any shorters should consider closing as the co could be about to go bust.

"Following the rise in the price of oil, the Company is producing positive cash flow from its existing operations and this is expected to increase further since revenues lag oil prices by a number of months."

Positive cash flow?! That sounds good! But where is the detail? The lack of it - and not just in this RNS - is staggering.

I'll keep an eye for any material RNS but this would be a trade only. Best of luck with everyone's investments elsewhere.

@vilage_idoit
Guidedog7
Posts: 1,429
Off Topic
Opinion:No Opinion
Price:2.30
US Oil Rig Count Unchanged
Sat 18:34
smidsy
Posts: 5,495
Off Topic
Opinion:No Opinion
Price:2.30
RE: Miss F fights back in Oklahoma
Sat 07:09
Morning maggots and you too GD7
Your post looks like a load of Bull to me. lol :-))
Guidedog7
Posts: 1,429
Observation
Opinion:No Opinion
Price:2.30
Miss F fights back in Oklahoma
Fri 22:38
Well Boys and Girls looks as Miss F has moooved on to more exciting things and she is getting paid $25 if she wins ;-))

At this rate she will break even on her investment in MAGP with in a couple of weeks ;-)))
WHO YOU LIKE A GO ANY ONE ? smidsy HOW ABOUT YOU ;-D

http://www.dailymail.co.uk/news/article-5746019/Competitors-mown-charging-three-tonne-bull-dangerous-rodeo-game.html
leftie
Posts: 51
Off Topic
Opinion:No Opinion
Price:2.30
RE: Come on Rita!!
Fri 16:45
Excellent points Robsky. Can we have some indication from the company that all is alive and well? Just an update to the website, or a picture, even a little tweet like some others do

Something.

Please

Some indication that her 200K salary is money well spent because looking at the SP against her goal of delivering shareholder value she is performing awfully.

(and yes I know the SP was supposedly immaterial against the previous goal of selling the company on to another oil major, but is that still the companies goal? - and don't get me started on this as its another thing that is not clear despite being nearly a year into the WED deal)
smidsy
Posts: 5,495
Observation
Opinion:No Opinion
Price:2.30
Brent crude $80
Thu 13:32
Robsky
Posts: 4,592
Off Topic
Opinion:Hold
Price:2.30
RE: Come on Rita!!
Thu 11:48
Agreed Troy, really finding it difficult to support you Rita the lack of information is a disgrace even research is non existent.

Recent lease activity shows previously Mortgaged property in Noble S6 T22 R1E has been leased to Redfork investments by District court of Noble county and Magnolia petroleum.

"we are putting in place a pipeline of new wells which, once drilled and subject to the results, will enable us to add to our proven reserves and build value.£ WHEN ?

"The full list of well developments occurring are still on going and a list will be provided in due course" WHEN ?

"119 producing wells in the Company£s portfolio as at end of Q1 2018" and what BOEPD ?

"Following the rise in the price of oil, the Company is producing positive cash flow " HOW MUCH ?

"8 wells currently at various stages of development including in the prolific SCOOP and STACK plays in Oklahoma" how are these going ?

IMHO GLA DYOR
Troy2011
Posts: 76
Off Topic
Opinion:No Opinion
Price:2.30
Come on Rita!!
Thu 10:18
Put us out of our misery has the loan been sorted??




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