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Magnolia Pet Share Chat (MAGP)

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Share Price: 0.205Bid: 0.18Ask: 0.23Change: 0.02 (+10.81%)Riser - Magnolia Pet
Spread: 0.05Spread as %: 27.78%Open: 0.205High: 0.205Low: 0.205Yesterday’s Close: 0.185


Share Discussion for Magnolia Pet


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dkw26
Posts: 59
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.205
RE: TW
Today 19:26
Bakky, I should have known better but I confess I went to look. I will offer no comment on his musing on Magnolia other than to say the measure of the man is perhaps well gauged by referring to Junior Doctors as "lying, lazy overpaid illegitimate people [I am avoiding the censors!]". I can only hope that if his bile duct ever does go pop, one the "illegitimates" is on hand to fix him up. Oh, and for the record if anything Junior Doctors are overworked and underpaid.
 
Robsky
Posts: 3,874
Off Topic
Opinion:No Opinion
Price:0.205
RE: The mystery of the 46m shares....
Today 19:24
Great post dkw rec'd,
I did in fact reply to e mail at the time " looking forward to any further information uncovered during the on going enquiries with the NOMAD's although my expectation is that it will be swept under the carpet and forgotten about by regulators even though this was a very serious breach of AIM rules and had a consequential effect on the funds of shareholders and the BOD of Magnolia", however no other correspondence has yet been received regarding this.
RICH3R
Posts: 7,612
Observation
Opinion:No Opinion
Price:0.205
View Thread (2)
RE: The mystery of the 46m shares....
Today 17:08
dkw26 -- wise words indeed in the last sentence of your post !!

It often appears, that as private investors, we are treated like the proverbial mushroom / cannon-fodder !!

Always good to bear in mind when researching AIM shares, and it's often what's not mentioned in the RNS which is most telling.

But cynicism aside, today's news update was most welcome and the ~11% rise in our sp was a refreshing change. A sign of better times????
smidsy
Posts: 4,557
Off Topic
Opinion:No Opinion
Price:0.205
dkw26
Today 17:02
My very thoughts this afternoon and I nearly posted that it is two weeks since we had this trade. Didn't someone tell us that Frank was following this up and he would let us know the outcome?
dkw26
Posts: 59
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.205
View Thread (6)
The mystery of the 46m shares......
Today 16:27
I am not giving up on this even though it is becoming painfully obvious that no-one is going to tell the plebs what actually happened. However, I do think today's news that Sanlam Securites UK Ltd are no longer one of Magnolia's brokers might point in a certain direction. Smidsy reminded us that Sanlam came on the scene with a £1m placing of 146m shares @ 0.7p last May. Mr Gavin John Burnell is Director of Corporate Finance at Sanlam Securities UK Ltd and until recently was Magnolia's Chairman. Two things struck me; firstly the placing shares did not require a Holdings notice as I presume they were farmed out to Sanlam's clients and therefore were below relevant thresh-holds. Secondly, if the process were to be reversed, partially or otherwise [albeit at a swingeing loss!], would that imply a similar lack of Disclosure is absolutely within the AIM Rules? Of course, it would help if we knew Mr Burnell's departure was amicable or toys-out-of-the-pram but as ever will we ever know? The point of my rambling is that something nasty happened on the 8th and it hurt the SP big-time. In short, to my mind the Disclosure Rules are clearly a joke. Beyond that, if as has been stated the Magnolia BoD are on the case, it would be wise to illuminate the darkness of PI's who not only collectively own a good bit of the Company and in truth to a large extent have stuck with it through thick and very, very thin. In fairness, the BoD have very significant holdings here too but it is a question of fact that Institutional Investors appear to have a very different agenda. If there is a food-chain on AIM, PI's are definitely at the bottom of it.
bakky
Posts: 2,994
Off Topic
Opinion:No Opinion
Price:0.205
TW
Today 16:14
having another pop today! anyone else read it?
smidsy
Posts: 4,557
Off Topic
Opinion:No Opinion
Price:0.205
Confidence
Today 16:00
Magnolia is aiming to produce more gas and less oil due to the fall in oil prices, as gas markets have local supply and demand dynamics, which tend to be independent of global oil prices.

The nine wells being drilled by Continental are expected to begin producing before the end of the first quarter of 2016.

Magnolia has agreed to participate in more new wells in the future, electing to participate in an additional 12 wells during the fourth quarter of 2015. That pushed the total number of wells waiting to be drilled to 23.

Magnolia said it will continue to participate in new wells and infill drilling on its acreage if its is commercial at lower oil prices.
Guidedog7
Posts: 349
Observation
Opinion:No Opinion
Price:0.205
Proactive Investors post today
Today 15:38
Magnolia Petroleum (LON:MAGP – 0.21p) – Q4 2015 Operations Update: Today’s update from the Company appears positive, and the focus on costs in this oil price environment will certainly take the Company a long way. What today’s announcement doesn’t do, however, is detail the production – which to our mind is the precursor to the all-important cash flow. As such, and as useful as today’s announcement has been for the Company to remind the market that it is focusing on costs, we do not believe that today’s announcement advances the Company significantly from where it was before; the all-important cash flow statement will be where we focus our attention
MrEnglish
Posts: 853
Observation
Opinion:No Opinion
Price:0.205
RE: Curious
Today 12:41
No problem, as a guess the daily production is probably somewhere around the 200 mark.

Is MAGP for you? It depends what you're looking for.
If you're after a quick high return (with associated high risk) then probably not, if you're looking for a lower risk (understanding that it is an oil based company in the current market) longer term investment then it might make your short list. If you fish back through the posts a couple of weeks there is quite a discussion around the subject.

For me I see the risk here as fairly low (for an oil company) as MAGP has limited debt (which is covered by the asset base) and where monies have been borrowed they have always been used for investment in new assets rather than for funding the running of the company.
It is also worth watching the interview with SOS (the boss). Have a read back through the EOY report, etc.

Is there value here at the moment, yes. Does it offer you the risk/reward profile that you are looking for is for you to decide.
Jackobill
Posts: 119
Off Topic
Opinion:No Opinion
Price:0.205
RE: Curious
Today 12:31
Thanks for the replies chaps..

Not sure Maggie is for me but good luck anyway..




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