If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
Can’t be long now until administrators come calling share price has collapsed further , is that numpty hedge still on here ? 1 billion market cap think the ceo was smoking weed when he said that
Good sign imo
The Directors are in a close period, so cant buy as they are subject to insider knowledge and don't you think AA has enough skin in the game? I mean close to 30% of the shares is pretty big...
You be mad to sell out at these levels
That maybe true but they depreciate every year 33%, being an accountant I would expect you to know that.
This company is a basket case, debt doubled in a year and flat revenue and loss making.
CEO and COO have taken pay cuts, just shows what a mess this company is.
I expect admin in the next 12 months.
JWBellamy you talk a lot of crap, if you look at the balance sheet, they don't need to take any debt to purchase a company for £25m.
I wish he'd put what debt/net cash was instead, we have to try and figure it out
This business is a basket case, I have not bought a cd or dvd for that matter for years. It’s why HMV went into admin . The internet along with streaming services killed it. Also if I wanted to buy a cd or dvd they can be had for as little as 50p from the local charity shop , or if I’m feeling on splashing out I can buy a job lot of dvds 100s from Facebook for about a twenty quid or there’s always eBay or my local car boot.
How on earth can music magpie , compete with that? After paying out business overheads , electricity , council tax, lease rental of warehouse, bank interest, and not least the wage bill.
There are guys at music magpie , which are on £60k a year doing middle management jobs, how many cds,dvds or iPhones have you got to sell just to cover the cost of that wage alone? It will be 1,000s of devices .
Mr Oliver , IPO’d this business straight after the covid boom, because he knew it was his only chance of selling it for such a premium.
This business is just not sustainable.
Thanks that makes sense .
I do wonder what AA will do next , another deal on the cards? Or will he be giving shareholders dividends ?
Plus serica , will they try and buy us out again ? I see they have recently had a new finance deal announced.
Ah yes they are , my apologises , can I ask you a question in regards to the Shetland gas plant . What are the benefits of kistos owning a portion of the asset?
Any reason why you havnt included Mime's producing assetts? I believe they produce 2k
When you say big things can you elaborate?
The business is in debt and hasn’t made a profit since IPO.
I agree with a lot of what abc says, what is mmag unique selling point?
I can sell my games, cds, phones on eBay , for much more , I can go to my local high street walk into any phone repair shop and they will repair (for a few) , I can get a phone contract with o2,ee and Vodafone which includes a tone of data, unlimited minutes and texts for as little as £20 a month….So what does music mag pie do differently?
Sure they have the kiosks but they have gone at a huge cost , I was in my local Asda the other day and I asked the lady that was using it , she told me that she had been waiting for it to carry out the inspection on the phone and it has been doing this for the past hour… take alook at the reviews on YouTube of people using it and the reviews of people’s experience of music magpie , there is a lot of bad reviews.
So why do we need music magpie?
I do agree with you Maverick, but for comparing this to SQZ is total different beast, you cant expect Mitch Clegg to own 30% of it, its worth circa £800m, a 30% stake would cost £240m
Sounds good how does the shareholder bid for the price? Surely the shareholder will want maximum amount?
Whats a tender offer?
Well he is an accountant after all he should 'know' more than us folk.
The fact that the end of year results aren't out yet, speaks volumes, no doubt we will see massive debt and declining revenues.
The fact, they're still seeking a buyer suggests all possibly not well in the camp.
Whoever thinks this is a good company need to take a good look at the a balance sheet
CEO said less than 12 months ago this will be a billion market cap company, yet he's willing to listen to offers for £40m.
He's lost all of his creditability if he accepts this.
can’t see this for going for a lot, the company isn’t making any money in massive amount of debt.
steve oliver has been pulling the wool over peoples eyes , behind the scenes they are all ******* themselves as the debt has gone up too much its unmanageable.
they need to sell now or i’d expect a massive drop in share price and a cash call in the form of a rights issue .
anyone who thinks any different needs to take a good look in the mirror and the balance sheet.