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That’s natural seasonality for the trade side (Jan is a peak month as people trade in to get rid of old presents and it’s naturally the poorest month of the year) and you are using estimated data (I’m guessing from similarweb or SEMrush). Would query your intentions flagging this.
Similar web. 1.2m web visits in February. down from 1.4m in January.
MMAG didnt - but they were commended in the secondary markey category won by MAzuma
Https://lnkd.in/eA_YUTUG
Won both categories
Best online retailer and best secondary market at the mobile news awards
A small loss is the short/medium term is more unlikely IMO - as I still beleive this is priced to FAIL
So if like me, you don't think it will fail, it should prove a great investment
The way I see it is in a few weeks the year high is 25p. Trailing averages for 90 days will be 13-15 region at best. So an MBO or similar becomes viable at a discount to year high and increment to trailing average. So in my opinion (which is worth sweet FA!), there's either a lot to be made from this SP within a small timeframe or maybe a small loss on news that there will be no news, and business as usual for next year or so!
You may be right - but did not think that the offer peridod would stop Directors buying.
But - the City Takeover Code regard the founders and current directors as acting 'in concert' so if they buy they are very close to 30% whick may obligate them to make an offer for all shares
I think it was mentioned the other day, but the directors cannot buy shares while there is an offer period... It would class as insider trading. Reason for the mention is I'm sure it was used as evidence for negative chatter.
Interesting news, refurbished tech market predicted to double in size by 2030.
https://www.whatech.com/og/markets-research/it/785844-refurbished-electronics-market-expected-to-exceed-us-94-10-billion-by-2031
Dhton - fair cop
I think the difference here is that is would seem counterproductive for you to come on here and paint a negative picture if you are invested.
I understand and agree htat 'all is not rosy' in the MMAG garden. If it was, the SP would not be at 9p, valuing the company at less than £10m; the cmpany has debt at a time when interest rates are high, the company has struggled to turn Revenue into EBITDA, the company has seen it's heartland shrink over a period of years (hard media)
But takeover talks take time: 2-3mth of now news does not necessarily equate to bad news, its very likely and feasible that the company are talking to 1 or more interested parties OR that a MBO is being prepared.
My consistent argument from day one is that the drop in share price has been overdon - all the challneges and more are already priced in.
Maybe pick up the phone to Damian Hanson and ask why he has invested £150k in FY24 in this stock; to lose money???? He could quite easily get 5% in cash or more with equities that have a lower risk profile than MMAG. People are not investing here for the SP to go from 9p to 11p - there are gazillions of stcks that offer that opportunity. People are here fore 2-3 bags.
dhnot, it seems like your just trying to help.
it also seems like you dont have a great feeling about the company and you dont believe people should invest in it. may i ask why you are on this chat if you dont own the shares. basically everyone here owns the shares and has a bias, of course were not gonna **** talk the company and of course we are going to look for all the small positives. why wouldnt we want a 40p shares price or 200p. a differing a opinion is not bad but the way you are coming across is passive aggressive. everyone should chill out.
My agenda is no more a reality than yours.
I could say the same about you. You have constantly and consistently been a cheerleader and tried to bat away any criticism or alternative view by just calling people negative.
Again if this is such a good business where are the interested parties? It has been similar conversations on here for months and and months with little to show except a dwindling price.
Just to be absolutely transparent I do not have access to insider knowledge. I have a few friends still employed at MM and their outlook is as bleak as mine but not based on any otherwise unreleased numbers or news.
Dhton clearly has agenda
dhton seemingly suggesting he has access to insider knowledge
This is a good business - there will be interested parties
Aren't the net assets 19.5m making 18p+
... on the opposite end if the fantasy scale "it'll go back to 200p"
dhton you seem very very knowledgeable... emotional*
Why don't we all make some guesses where it'll be on May 31st...
And why is there no news on any buyer? How long have you been crossing your fingers and waiting now? There is no news because there is nothing worth buying. You think there is but nobody with the means has come close to even making any offer. What we are seeing is the reality. A 10p business. Expectations and hopes of 18p, 20p, 40p are fanciful in the extreme.
There you go again - pure rubbish
1) SP unlikely to shoot up until news on buyer - so nothing to see here
2) What news are you alluding to?
As you well know I was highlighting that despite week after week after week of expectation that the SP will shoot up, that fortunes will change, here we still are.
The news from MM HQ when published later this month is not going to paint a rosey picture.
Ridiculous post - no basis for comment whatsoever.
It dropped last year, so it will drop this year!
Last year it was up 400% over 3 mths before dropping - its not this year
Bizarre volumes in the last couple of days, 10's and 13's:
06-Mar-24 10:52:03 8.50 13 Sell* 8.50 9.50 1.11 O
06-Mar-24 10:52:03 8.50 13 Sell* 8.50 9.50 1.11 O
06-Mar-24 10:52:03 8.50 13 Sell* 8.50 9.50 1.11 O
06-Mar-24 10:52:03 8.50 13 Sell* 8.50 9.50 1.11 O
06-Mar-24 10:52:03 8.50 13 Sell* 8.50 9.50 1.11 O
06-Mar-24 10:52:03 8.50 13 Sell* 8.50 9.50 1.11 O
06-Mar-24 10:51:52 9.15 50,000 Buy* 8.50 9.50 4,575 O
06-Mar-24 10:01:45 9.50 10 Buy* 8.50 9.50 0.95 O
If there's anything in stock trade codes, then 10 and 13 are significant. No idea why anyone would be trading volumes of c.10 when the trade fees would be substantially more than the value of the trade?!
Not good news.
Look at cliff edge drops in March 2022 and March 2023. I expect the same in March 2024.
Despite promises of rises by end of the week or month or year, we are still here at sub-10p.
10 days until the year high drops from 40p to 25p.
Do you think think there is a strategy around timing with tax year?
The silence is deafening.
I think we are all there or thereabouts in terms of future value here. Just a matter of when.
Best not mention Redeem and Hyla ... didn't pan out so well! How's Bamboo doing these days? ... seemed to remember Jamie worked with them after he sold up to Trever Bayley etc. There's a business that could use MMAGs supply.
Very frustrated as to what is shown as a buy and sell. The RNS shows you that Shore transacted (bought) 125k shares when they looked like sells.
10m+ Apple devices sold in the UK a year making 10m devices redundant at a £600 avg. new price. Even if we hit it with a huge 50% depreciation it leaves £300 per device value in 2nd hand market... or £3bn in revenue. Same again for Android. So £6bn available.
o2 has around 30% market share and when Redeem had 100% of their recycling work and pushed the narrative like crazy, their revenues were only £32m. Under 1% of the total revenue from the redundant devices.
Note that Redeem figures are from 2014, but my point is - there is quite enough to go around, another note that this is only Apple, the same again for android.
Ofcourse it matters.
You'll also find that I've also stated clearly many weeks ago the importance of the supply side. - We are in agreement.
The MNOs and OEMs have been doing trade-in for years - so the threat is not new.
Its BAU and MMAG simply need to be more innovative and identify new opportunitities to perform well in teh procurement side of their business.
I'd be looking at partnerships and adjacent opportunities to acheive that