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Derek99 - the share price is not the abiter of performance. The business is growing proftablyand acheived everything shareholders would have wanted to see in FY23.
Lets see what happens shall we ;-)
Robswire
Not for the first time on here - you are deceitful and as as ever you won't come back here to apologise
1. Let me address EBITDA which you say we did not know in December. I will quote directly from the December RNS
"As a result of the gross margin increase and ongoing tight cost control, as well as the strong end to the year, EBITDA is expected to be up 15.4% at £7.5m (2022: £6.5m)"
2. As for the loss - they did not quote Profit before tx in 2022 or 2021 trading updates either. It's not that unexpected given what we already knew about depreciation
Hanson is still in with 1.5% - why wouldn't he be, nothing has changed since he invested from an adverse perspective. I would argue that the business has made some sensible decisions to manage costs down - so I would argue the business is in better shape now and seemingly has had a good start to the year from a tradining perspective.
Its laughable that some are making a big deal about the net debt - we knew about that in December. We knew 95% of what is in today's RNS in December. Most expected the net debt to be far worse - so this was a positive when we learnt that MM had managed it down fro the half year mark.
What's new in here?
Update on Q1 trading - POSITIVE
£2.5m charge for other non-underlying items - whilst disappointing , this is one off and largely irelevet moving forwards - NEUTRAL
More information on Cost savings including post period savings - POSITIVE (It admirable to see the directors play a part in that with their salaries - refreshing)
Statement from directors that they will remain compliant with bank covenants - even in the worst case scenarios - POSITIVE
The comments on the success of the Kiosks did not blow me away - it sounds like these need a boost to perform better. NEGATIVE (but does create an opportunity going forwards)
Update on the US strategy - POSTIVE (Business was not performing - they will either shut it down or use it to benefit the UK business)
Nobody is saying this business is performing brilliantly; but equally it is not the dog that the derampers want you to believe. It needs to find a way of being more profitable and to grow. I am confident there is a lot to like about this business and would be a real asset to the right owners. I know a lot of compnaies that would love to have their own recycle facility.
Still here BillyBB
Still holding
Still very confident
Still think this will get snapped up sooner or later
WHich analysis are you talking about @theAccountant?
I thought i posted on here this morning but it has disappeared? No idea why - I just posted two paragraphs from todays RNS and said that I thought it was prices to fail - but IMO it will not fail
Or are you talking about something esle?
Island Girl - you jump to conclusions....
I had no idea about the placing - I've disappeared (mostly) from this forum because it is trashy
Davie - Lots i imagine and not just Biotechs. Bidstack in administration, Saiette in administration
And look at the dilution that AVacta took
ROQ needs to raise - hasnt yet
Brilliantly delivered, candid and much appreciated
MMAG didnt - but they were commended in the secondary markey category won by MAzuma
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
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
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.
Dhton clearly has agenda
dhton seemingly suggesting he has access to insider knowledge
This is a good business - there will be interested parties
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?
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
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
Demand for refurbished mobile phones is up 36 per cent since 2021 according to analysis of GfK UK’s Tech360 survey
Nice write up on Mobile News
Be careful making too many assumptions about what are buys and sells
I agree that they look like sells
But when SP has already dropped from 200p to 10p - with up to 80% shares in safe hands, it is easy for the MMs to manipulate the price to make them look like buys or sells
You keep banging on about the 90-95% drop but some drop was always inevitable and to grow a company needs to raise funds and the big investors know that and would have participated in the raises
The comms are fine, very comprehensive RNS and decent, plentiful interviews. I know what I need to know here. The number will speak for themselves and if the market is caught napping, then so be it.
Maybe I could help out the derampers - and perhaps add some credibility to their posts (getting more frequent by the hour)
My mate at the pub told me last night that Unilever are going to sue the pants of SED for infringing on their trademark for Vienetta. They want Saietta to change their name