Member Info for Mike12345

Another stock that should do well given the positive outlook that is generally felt:
- shorts closing - from 10% to 4.5% since November, historically looking at the short charts you can see that price and shorts move in opposite directions, we haven’t had the appreciation yet in boo share price (so is it to come?)
- cost savings and automation efficiency
- expanding sales potential to £5bn in US by early 2024
- reputable brand and brands names
- cash in the bank and available of over £300m
- economy improving, with gas, wheat and other commodities reducing in price significantly.
- supply chain improvements and china opening up

I have to disagree here, there are many ethical people, including myself, that would pay this much. Why are you here also if it’s not a business proposition? Clearly this is a business proposition with over £600m in sales. Do you have a £600m turnover business?(which is only currently valued at £100m)

Break even is better than a loss, especially with the current environment. However I want to list pros and cons below:
Pros
- recovering brand name
- recovering economy - gas prices have dropped to April 2021 lows, this should work through once forward contracts are over.
- cash in the bank so little risk of default
- environmentally friendly which is very saleable today
- costs will normalise
- revenue increasing
- CEO buying £2m at )1.11, only circa 5% cheaper than now. Owning 23% of the company.
Cannacord genuity and Schroders taking a stake, totalling over 10% of the company.
- retail has had a battering and is evident in other retail stock e.g. asos, boohoo. Quiz etc

Cons
- time to wait for a profit
- market still uncertain
- more of a winter performer
- high finance costs with new facility, this is factored into costs for this year however.

Furthermore I have only said good things about this stock see prior posts. Not only that, how is a range of 25p-30p unrealistic? A few weeks ago it was in the range. I personally think this is possible given the potential bull market incoming, with people going for more liquid less risky stocks. Let’s see anyhow.

Hi Wyndrum, I have no evidence or thought process behind the fall, I just stated this as price range I am comfortable investing at, not the price it will go to. I agree, psychological pressure does increase of course but there are always other stocks to buy and always other opportunities. Only reason I haven’t bought already is due to the lack of liquidity in this stock, it was difficult to sell the holding I had prior ( 104,000) without the price dropping.

This stock is going to go to the moon for sure. Only problem at the moment is waiting for the correct time to buy and sell. It does have some liquidity issues when trying to both buy and sell which defo puts me off and I really only want to ideally invest at range 25-30p (sadly sold at 27p). It’s a tough one to call but this will do extremely well this year, just want the best price possible before it does, will it dip who knows but I’m certain it will be higher than 75p YE, especially with tech arrangements with literally Walmart, the largest retailer in the world!!

Looking like an interesting stock that’s under the radar

Pros
- market cap of £42m with NET assets of £145 and revenue of over £250m
- strong balance sheet with $30m in cash
- director buys, with CEO buying £400k worth
- Cannacord Genuity increasing stake by nearly 2%
- 56% shares held, so small fee float ( can move fast as seen)
- growing business
- glasses needed regardless of recession
- capital raise at 210p with no discount, 100% subscription

Cons
- trading update could be poor but this is priced IMO
- recession continues
- inflation costs of energy

Some profit taking and Christmas round the corner. Others probably trading more liquid stocks too perhaps, momentum dropped a bit but long term views on this stock I think is extremely positive. GLA and all my opinion

There is some big demand for shares, can sell circa £42k in one tranche. Will be an interesting end to the day if things continue as they are.

Antlev you are a banter king / my favorite deramper. Please evidence your findings? That is right, you unfortunately cant. I remember the days when Antlev was on the board about a month ago when everything was doom and gloom. Now hes hoping to jump in the teens to make a 120% gain ( which i guess he missed out on). Check out Antlevs post in the past for evidence, some of us do cite our findings. I also have a few posts ( last two were my opinion, check before those) which have hard facts and reasons this should do very well.

Sell quote for £25k, never can usually get a quote for that much. I think from my early comment there is now a lot of buying pressure at this price, selling pressure earlier this morning at the 26p point. I think this will leave higher today, the company is very undervalued and i think this is a opportunity to purchase temporarily, those trading this know this also.

I also just got a live quote to purchase £40k, which is shocking. I think this illustrates the huge selling pressure incoming, that is insane.

I was hoping for increased revenue as well as perhaps a better update on corporate rentals. Corporate is of course very new still and I am sure there will be updates. However, I think it will be in the new year as everything winds down for Christmas. It is good to see that retail rentals are performing strongly and continue to do so.

I still believe that this stock is going to rocket in the future, however the trading update could have been more detailed.
- update on kiosk?
- update on any new larger firm rental contracts?
- EBITDA I guess is in line but low, as they have not stated the figure like they did in the last trading update.
I certainly believe this will go higher and over and above £1, however short term with few SP catalysts that we can predict, I think there will be some volatility on this. Nowhere near the levels of 10-15p, but perhaps more around the 19/20p mark. This is all my opinion.

few sellers here today, got a feeling we will get an update soon ( hopefully positive) as per last year YE trading update. A few taking profits in speculation i think.

MMAG holding very well against the consolidation and small amount of sellers. Its not often you see a share increase everyday for nearly 2 weeks and then hold when there is a bit of turbulence, generally a larger drop ( although this may be to come idk) than the hold and small drop today, after a 125% rise. Novacyt (NCYT) went from 6p (mcap £5m) to 1,100p(mcap £990)due to its covid testing in 9 months, again it was the right time for this share to boom and very similar time frame to MMAG . could MMAG be the next Novacyt?
- infrastructure now in place to buy phones and sell more easily ( Kiosk)
- Circular economy more crucial than ever, with environmental issues firms must reduce carbon foot print and cut costs, whilst trying to maintain technology advancements.
- well funded and continue to be supported by banks, Natwest and HSBC
- Backmarket presence and Amazon and ebay presence.
i have mentioned other pros of the business in a previous post.
GLA

MMAG has a lot going for it. We are entering a recession with people needing cash and looking to save costs, this is going to boom IMO and gives me confidence based on the following:
- Differentiated proposition - rent phones, for both individuals and corporates
- Schroders owning 13% stock
- Directors owning over 20% stock and piling in at the cheap prices
- ESG friendly, which is an ever growing sector and want for ethical investors. Firms also want ESG rated firms in connection.
- tiny market cap of £20m
- Natwest and HSBC loaning £30m to MMAG on a 3 year basis, they must know what they are risking.
- Rentals produce recurring income, which has increase significantly since its launch and provides a larger gross profit
- Firm produces revenues of £150m and the most transacted firm on Amazon and Ebay combined, with the most reviews of any firm.
- Back Market and Asda partnership.
The list goes on. This is just the facts and nothing else. GLA

The placing yesterday was very annoying to see plus now a further raise of 600k as over subscribed, its ridiculous. However, it is not the end of the world and the placing is not too much to dilute existing shareholders. I fully expect this share price to go to 60p on 20-27%. When we get to 60p, the market cap before the placing would be 89.4m (149,000,0000 *0.6). Now the new mcap will be 100.8m(168,000,000*0.6) which is shares in issue x share price. an extra 11m required to get to 60p. It should have been complete after the 20%, however there may be things we do not know, perhaps it had to be immeditely. Regardless it is done now.

Thank you all for responses, I think that is somewhat good news. Share price can rise from this point which would be great. If we can do 40% on a day that isn’t final news, image in when we actually get 20%!!

Do we actually have our 20%? Or is it waiting still, RNS not super clear