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Not Hemo
Got a dummy quote of 3.3p for a sell - so some of those late one may even be sells which is an even better sign that if they were buys IMO
MMS must have buyers lined up at north of 3.3p :-)
Looking very good for the week - glad it is only Tuesday
We'd better not get it tomorrow! My guess was Thursday
And besides - another 24 hours would give me a chance of freeing up some top-up funds
(as per an earlier message, I also wrote a polite note to Guy Field who was responsible for buying and sell MMAG for Cannacord)
But their policy is not to share their rational for any transaction
Yes really - why wouldn't as a serious, engaged investor in the company. I also reached out and exchanged messages with Steve Oliver.
I've not got anything to share beyond what i have already done so and have not picked up anything price sensitive from these interactions.
Damian is a smart, good guy. He has worked directly with a couple of my colleagues. I shared with him a few of my own personal thoughts / ideas that I have, as a shareholder and having spend 20 years in an adjacent industry, would be looking at if i was CEO of MusicMagpie.
I dont even dare to dream - could you imagine....
I did not get involved with He1 - and have no idea if it is over or under valued
Whereas if the same happened to Hemo - I'd feel so much more confidence in thr rise with my extensive research and hsitory here
Tylo - His name is Damian Hanson. It was RNSd at the start of January. He 1% holding is in the summary I shared on X today.
I have been in contact with him to wish him luck with whatever the reason he invested - be that to pursue a role in the new ownership or simply because he recognised it as a great investment opportunity. We have since exchanged a few messages and agree on a number of things
There is a good business here that if managed properly should deliver £10-£20m Profit per annum and be valued around the £100m
Even if half successful - i makes the current mCap look ridiculous
Patience will be rewarded here. The alternative is to sell at an ll time low.
You dont get knowledgable local successful entreprenuers like Mr Hanson invest £100k if its the dog that the haters want you to think.
Be careful who you trust on here
And they have no choice - the daily RNS are regulatory
Thanks Hookey - i don't tend to believe a lot o read on thos type of sites. Do you have any experience with them that is more positive?
I contacted the Fund Manager yesterday to enquire about the timing and decsion of the Cannacord disposal.
I got a reply - but sadly it is not something they share. (As expected, but if you dont try...)
I'm no sure the logic of you Cannacord theory works for me - I don't see how selling their shares at an avg of 11.5p does them any favours. Time will tell
I'm going to take a few more today at 10p if i can - absolute bargain IMO
I have shared some analysis and thoughts on X today
See link: https://twitter.com/Barneyboysrb/status/1752233100661170580
12.9m shares at a cost of £1.5m have been purchased in addition to the 1% we know was bought by Damian Hanson.
That's a lot of money and a lot of shares (12% of the company)
I'm curious to know whether someone has to notify when they have passed 1% if they have an order for a much bigger %. i.e. They have asked broker to go and secure them a 10% share in the company - can they wait until the 10% is filled?
Also interesting to note that if you add the share of the directors and founders together (and include options) they are not far off the 30% mark in which they may be asked to make an offer for all shares
There is a false narrative out there sadly - I saw something written up by Charles Archer. Whilst It talked very highly of Hemo, unfortunatlyit ended by saying it may be best to wait for the RNS given the recent rise in the share price. (i.e. people who sell the news)
The SP has gone up about 40-50% recently - but from a very low base.
I'm convinced that there will not be a chance to buy HEMO below 3p if the next RNS confirms that the clincial hold is lifted.
DYOR
Bad luck Davie_b - I did the same with FAB. I bought at 3.2p ad sold sub 4p :-(
Many years ago I did the same with UFO - Bought at 0.6p and sold just before it went to 2.5p!!!
RedOliv
My understanding of these RNS is:
Because Shore are have a client agreement with MMAG - they have to be transparent with their own dealings in the share
So these purchases and sales relate to Shore Capital; these do not relate to Music Magpie
I dont make anything up HT
Optimistically, I'm hoping that the FDA make an early decision and 'guessed'we make get an RNS later this week
However the 30 days does not finish until 14/15 Feb
Given how busy the FDA reportedly is - its far more likely that RNS lands week commencing 5th February
So - a pretty 'average' comment by HemoTruth - there is absolutely NO need to be worried at all if we don't get news this week.
ReOliv3 - MMAG have not bought any shares back - that would be something they would have to RNS
So...Cannacod have now disposed of their entire 12,146,044 shares - that equates to >11% of the MusicMagpie. In addition another 1% of the company (1,119,078 shares) was sold by Schroders
Yet - The only RNS we've have to show a new major holding was from Damian Hanson who ownes 1.1m shares.
So where have the other 12m gone??? (£1.2m worth)
That's a lot of share for private investors to snap up in the space of 6-8 weeks.
Who is Paul Scott?
I'm planning on doing some analysis later in the week
They achieved £45m Revenue in a year in whoch not all their estate was open for the whole 12mths and the Boom Bars are still maturing.
So for FY24 -
1- we could see +2-3% growth to reflect a full year of the current estate
2 - Perhaps 10% - L4L growth in Boom performance - more Corporate sales, maturing operations
3 - 'Up to 5%' from transitioning a small number of Franchises to owner operated
4 - 5% growth from adding new venues in 2024 (assume 5-10 new venues but the won't see a full year benefit n FY24)
So maybe +25% Revenue Growth fro me is very likely - but will do some more detailed anaylsis later in the week
That would equate to about £55-60m revenue with EBITDA in the region of c£10-15m
The company is cash generative
It makes the current mCap look very odd at just £26m - it also maked XP a sitting duck. I really do belive that their will be Private Equity eyeing this up.
Puttshack is owned by BlackRock who then handed the copnay $150m to fuel growth