Member Info for HedgeHogarth

RedOliv - Yes, my post the other day confirmed I have marginally lowered my target

(14 Mar 2024 10:54)

Looks like they are trying to fill some big orders. Shore sold more than they bought again yesterday and the two biggest trades today look like buys to me

Sethi - Not sure when you invested here.

Hopefully your average is sub 20p and I think you have a good chance of of making this your lucky 7 investment

I note that Shore Capital sold 10 shares yesterday for every 1 they bought.

220k sold, 20k bought

Someone obviously wanted their shares....

I hope that some of our derampers have got some short positions :-)

What a life you lead - hanging around a shopping centre for 1 hr and posting rubbish on this forum

What will your next deramp message be?

Pathetic attempt to de-ramp

Clearly Northern or his paymasters want you shares on the cheap!

I value MMAG at much more than the £7m mCap thank you

Josey - thanks for your contributions today.

The derampers are here for a their agenda and appear to be posting under at least 3 identities - including trying to steal mine

Some private investors may get spooked by some red trades on here and a falling shareprice. I am not one of them.

The derampers have no idea whether one or more parties have 'enquired' about buying music magpie. I do not know the answer to how many / if any but (1) I would be shocked if there were not several enquires and (2) I suspect there are conversations going on or a plan to do an MBO

Finally

MMs typically drop the share price when they want to fill a big order. This would be a credible explanation for the drop. (in addition to (1) some shorters (2) one or more PIs losing patience or needing cash or (3) an II selling down)

I've been on these forum a while now. One thing I know is that when it DERAMPERS start getting more active, there is usually good news around the corner.

To the best of my knowledge, all of my predictions have been right so far with the exception of:

(1) Net Debt of £13.1m (I thought it would be worse)

(2) Kiosks - I hoped that they were more successful than what I now suspect based on the narrative in the annual results. However, I still think they are a big asset; they just need to improve their performance and proposition

My main prediction though is that there will be a change of ownership - either an acquisition by private equity, a player in an adjacent market or perhaps an MBO. I initially predicted 40-50p as the price point. I will concede that I've revised this down to 30-40p now; given the current SP range is 7-10p vs the 10-15p range previously when i set my target.

But Big Hand - my gut/ego is telling me that something isn't quite right about your most recent posts. Perhaps you are the seller as you appear to be subtley deramping IMO.

I very much doubt this is Schroders leaving the party - I suspect this is a few shorters at work based on the fact that we have ROBSWIRE active here again AND that clown TW was talking his usual tripe about MM yesterday on his website.

I have a feeling that we may get an update soon - it would not surprise me if there was a timetable which had the date of results RNS on and then a target date to update the market on the structure. It was interesting to note that there was not one mention of the 'offer period' or status of discussion in the annual results - I think this is significant.

Swanley

I'd not let the share price movement spook you. 100%, it will not spook Hanson

He may use it as an opportuity to buy more in the 7s (He already bought in the (7s and 8s)

Very rare for anyone to invest at 'The bottom'. I think you are underestimating Hanson if you think he would rethink or be concerned about his investment if it dropped 10%, 20%, 30%....

It speaks volumes when derampers sink so low as to set themselves up another Alias to appear like my own.

What a sad existance you live.

My advice to others - make your own mind up

Robswire - read my note

They did not quote the Loss in their 2021 EOY Trading update or their 2022 EOY Trading Update or their 2023 Trading update. So nothing different or devious about their most recent trading update.

The PBIT number is something that is prone to change through the audit process given the technicalities. As Josey states - the loss was not a surprise to anyone given they quoted net debt and we already knew they had a £3m Loss in H1.

Your posts are getting very boring and monotonous.

Why not add some value to the mboard - If you are so sure that this company is doomed to failure. Perhaps offer a view as to why you think it will fail in FY24?

The board have stated in the audited and regulate annual results that they will be able to remain compliant with Banking convenants even in the worst case scenarios. They have stated they have has a strong Q1 trading. They have stated that £10.8m of the £13.1m Net Debt is underpinned by contracted future revenue and assets.

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