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Final comment on MAG A NUS
In 8 minutes.. yes 8 whole minutes around 2.30pm he went from:
This will be 125p soon [TO]
Just added more at 160p
You couldn't make this s hi te up and he needs serious medical attention.
If there was ever a reason to ignore thIs CUN T today, and his comments on this share are proof.
Is there anyway to access the Liberum document?
A quick Google proved fruitless 🫥
Absolutely mental price drop today.
Just reading all the plus figures compared to 2022.
This was 143% higher than it is now at 380p 10 weeks ago and these figures [ to me and most analysts today that I've read were good]
Crazy AIM market and I too expect this back over 200p by close Friday.
I got in at 168p which was a tad early but quite happy and will hold.
All my own musings and I often get it very wrong!!
Meanwhile... Liberum have now issued a huge 60 page Buy note, with a 335p target price!
They forecast 15.3p EPS this year, rising to 18.9p EPS and then 22.7p EPS.
They also forecast a £5.7m cash pile at the end of this year, and a 1.4p dividend.
That's tonight's reading sorted....
Been at Mello investment conference all day. Obviously surprised at the extent of the reaction to today's disappointing news. On the other hand, unsurprised given as oft previously commented (1) the illiquidity due to the small free float and (2) the presence of a large seller for some months now as evidenced by online limits. Which raises further questions about either the seller's perceptiveness or their forwarnedness (is that a word?). But that's something else entirely...
Also as previously posted, I was most fortunate in deciding not to add to my prelimiary holding here :o))
Management have blotted their copybook, perhaps due to naivety as this is a relatively new IPO/young company. We were aware of revenues being pushed into this year, but the effect of so much lower margins due to a different revenue mix surely deserved much more commentary than was provided.
Nevertheless, on fundamentals and prospects I suspect the share price fall is well overdone. The share price might hang around for a while until evidence of an uptuen in margins etc, or there might be a sharp bounce given the illiquidity and an overhang clearance as discussed.
I loaded up here at this bargain price lots at 154p and a few at 159p low free float and seller must be nearly clear what a bargain!
Got to be a director buy!
BIG BUY
Reduced my average now - most recent buy for £1.54 is, in my eyes, absolutely crazy. It's like the COVID days.
We will see 🙈
Bit silly here..... should be around £2.30 - £2.40 IMO
Only 33M shares in issue, with 70% of those not in public hands... expecting a TR1 from seller plus a Director buy at these silly levels
Someone wants out quickly !!
Disgusting drop due to seller, picked some up as the good results do not justify anywhere need for this market drop.
Magmanus. I am taking a step back from the market.
Sometimes it pays to take a break.
Sincere regards.
Will sell them higher!
Volume is impressive & it's bounced off the support line at 152p. Suspect this will see a steady recovery back towards 200p over the next week or two.
Magmanus - Who are the sellers? small PI's or big boys?
Added a tad more at 160 lets again lets see.
this seller is ruthless
Investors have overreacted given that the shares now trade on price/earnings (PE) ratios of 11 (2023-24) and 8.9 (2024-25), modest ratings for a group that is still exposed to a fast-growing market and one that the UK government is committed to developing, as I highlighted when I analysed the investment case earlier this year.
https://www.investorschronicle.co.uk/ideas/2023/05/23/a-heat-pump-provider-with-a-bargain-share-price/
Mags has gone from full blown ramper to full blown deramper here, what useful input to the board
It has no support, until 125 now
horrendous drop to get out
Talk about catching a falling knife,
close sell off, should take it 1.4
3 day rule applies here i think
seller is at it big time on all upticks
1.4
sellers is big here for now
These sells held the SP below 170p....Now all cleared!
12:51:09 160.00 25,000 40.00k
13:08:47 160.00 16,761 26.82k
12:41:53 157.00 20,000 31.40k