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Lets see if news comes this week. ;)
Someone still loading at around the 10p mark.
Bidding war brewing for Curry's, I could see the same happening here.
If i was buying Currys for £700m+....
I would, with no hesitation, consider buying Music Magpie to go with it for £50m
I think it would truly compliment the Currys asset and provide plenty of synergies
Robswire - That is without doubt my favourite contribution you have made to this forum
Thank you
For sure. 50p share price seems fair for the business as things stand.
Why does anyone think this is worth 30p, 50p...when the market says otherwise? Until we have an an update which will be in the next two weeks it's all conjecture.
RedOlive
You are confusing the market cap with the value of the company.
This is particularly relevent when the company is in an offer period
The share price (and resultant mCap) represents the price at which shares are being exchanged in relatively small volumes. I'm still beleive there is more to the Cannacord disposal than meets the eye and we don't know who has picked them up
The big question is whether 10p is still the price per share if you wanted to acquire 10-20% of the company from the 80% holders who have held since IPO
That's why many of us believe that 30-50p is a better indication of what the market value of the company is
This should explain in more detail:
https://www.ruleoneinvesting.com/blog/financial-control/market-capitalization/
Because at 30p or 50p a share the market cap is only £30mil or £50mil.
When a bid comes in I would expect those kind of levels.
Just the one week left of February and we are into March which is when we'll see the results
I'm not convinced there is too much I will learn from them: ofcourse we'll get more detail on the numbers and activities but we already know that Plan A is to seek new owners.
The 'post period' updates will be interesting but I would not expect the Results RNS to provide much insight on the process to find new owners; that RNS is one that can drop any time, before or after the results
I think you are getting too emotionally attached to this. Let’s say it’s a PE solution. They will not pay 30p let alone 50p. They will create a structured buy out which folds executive and major holders into ‘newco’. So long as the price stays down at this level for long enough then in theory this structure could execute at 18-20p.
During your 3 year plan you have a cash call to flush out a few holders and increase PE holding and get 3 times your money in 3-5yr window.
Not saying this will happen but what I am saying is stop touting pie in the sky valuations and open up to alternatives. Right now, if I was Oliver that’s how I’d be working out how to get back to the worth I had a few years back. Not concerned about someone holding a few hundred k of shares.
Certainly agree 10p is crazy low. However someone is still providing share liquidity without RNS here.
£13m* debt on an RCF facility @ 20% is £2.6m* dead, any buyer has an instant saving. Why 30-50p is fairer value IMO.
I guess we will see at some point. In a few weeks the 52 week high drops to about 30p and probably a trailing average of more like 20-23p.
On a separate note Music Magpie won Best Refurbished Device Seller in the Uswitch Telecoms Awards 2024! Judges recognised musicMagpie as the top choice for anyone seeking a convenient and sustainable way to buy and sell used technology.
Found this - interesting read
https://www.bloomreach.com/en/case-studies/how-music-magpie-prepares-for-a-cookieless-future-with-bloomreach-engagement
Interesting but a bit smoke and mirrors. Pricing intelligence comes from scraping competitor offerings and maintaining the intelligence file that generates your pricing structures. At the end of the day sellmymobile has APIs into most trade-in houses so I'm sure access to that data set is available for a fee. Pricing maintenance is the hardest part of the whole game and you're always dealing with a deteriorating asset value.
Josey - I think you are a bit dismissive. I think wat MMAG try and do here is more than just see what competitors are pricing is.