Member Info for Bridgedogg1

Looks like it could be the bottom but wtfdik

The deferred tax charge in H1 2021 included a one off charge of £17.7m as a result of deferred tax assets and liabilities being revalued from 19% to 25% following the Government's announcement to increase the corporation tax rate which is due to take place on 1 April 2023. Whilst there is speculation of a change to the corporation tax rate with the appointment of the new Prime Minister, no change has been substantively enacted, and therefore deferred tax remains valued at the 25%. Should a change in the rate be enacted, the deferred tax assets and liabilities will be revalued at that point.

So despite net debt increasing significantly and the mine running at a loss even after a string uptick in production AND the repayment of the newcrest loan commencing in October AND the liabilities due on the royalties increasing this is a good investment?

Tell me, what do you think the breakdown of the numbers will be for October?

Sellers at 18-19p. Once cleared should move up again. Someone buying big chunks yesterday.

Looking forward to a great day on here. I think we have another very strong upwards correction coming followed by more gradual increases.

RNS to announce the launch of the launch plan to start beta testing

Someone with deep pockets are buying these up, look at all those round numbers!

I dn think 25p+ this Friday is realistic but I think it will head towards that level over time. 20p by the end of next week certainly doable. If we attract a bargain hunter hoovering up the shares then I’m sure they would be happy paying anything up to 25p for now.

Chart looks great with breakout and shooting star. 15p today. 20-25p next week?

Rights issue price acting as a magnet atm

Think you will find that was the further significant drop after already dropping 60% in a month to dropping 68% yesterday. Way overdone imo heading up to 20-25p range.

Heading back down to 0.275p? Vast need to show the benefits of all this expenditure. Frankly no one will believe it until its in the bank. Details so thin on the ground here makes me very nervous.

In summary the payback is higher than selling outright but it takes 19 months to achieve higher revenue vs 7 months selling outright, hence the bank investment.

Mon, 7th Feb 2022 An affordable and flexible alternative to outright purchase

Originally launched in October 2020, musicMagpie's innovative rental subscription service provides customers with a more affordable and flexible option than an outright purchase or a pay-monthly contract with a mobile network. The device is supplied to the customer at no up-front cost, in return for a monthly payment from as little as £8.99 over 12 months. Once the rental agreement is over, the customer can upgrade to a more recent device, keep the same device and pay less, or cancel the agreement and return the product.

The smartphone service has already attracted c.13,500 active subscribers (up to 30 November 2021) including the first cohort of contract renewals, and its success has prompted musicMagpie to extend into other categories. Games consoles, tablets and MacBooks are all now available to rent, and the Group sees potential to expand into other types of consumer technology in future.

Monthly rental fees start at £8.99 for a refurbished phone, £11.99 for a console, £12.99 for an iPad, and £19.99 for a MacBook. The Group has also recently launched new Apple products onto the musicMagpie Store in the UK, with the latest iPhone 13 available to rent for as little as £31.99 a month.

In addition to the benefit to consumers, for musicMagpie a rental subscription generates recurring revenue for the period of the contract, with the ability to achieve further additional revenue from second and third rental periods of that product, and ultimately a potential sale of the product at the end of its rental life. In the case of a rented smartphone, the Group achieves a higher revenue (after approximately 19 months of subscription) and EBITDA contribution (after approximately 7 months) over the life of that device compared to an outright sale.

Active subscriptions numbers;
31 May 2021: 7,500
31 May 2022: 24,000

Selling used devices should be fairly robust during a recession while the rental service will become increasingly important to profits.

Also worth noting:
"Accordingly, the Group now expects that revenue generated in the second half will show lower growth over the first half than previously expected.." so still growth, just at a lower rates than H1.
"Whilst the Group continues to expect that Black Friday will prove to be a peak trading period, it now believes it is prudent to reduce its expectations for contribution from this period..." - PRUDENT, but it hasnt happened yet.

Check out musicmagpie for another quick under valued trade.

Those more cautious should be happy to get in tomorrow, fairly steady now around 8-9p and SUPER cheap. GLA

This was 45p a month ago. I would have thought the difficult trading environment had been priced in. They just confirmed that today, certainly didn't deserve this kind of drop on the back of already being down 65%. Should recover nicely from here. The switch to higher rental income during the recession should be a good earner over the medium term.

At the moment the gas pressure is off the scale due to the MS bank hitting the well heads. What happens to the pressure and production increase as a result of the MSF after this is flared, will it be lost?

Whats more likely here, 400 or 600?

Ok yes, had a look and it’s not a stainable business, despite making a product with more demand than they can supply.

Must be a placing I would have thought