Member Info for MrMagorium

Possibly about to announce the terms or the deal to sell the company, which I imagine is highly likely to leave nothing to existing shareholders.

I, alongside others, called this out months ago, but recall a poster called 'Sharebel' telling everyone this would go to 1p and above. Really desperste ramping on their behalf and those who listened may lose a small fortune.

AIMHO, GLA, DYOR.

No, disagree entirely Proquo.

This has potential for significant capital gains, and as such, with it being listed, it can be held within an ISA or SIPP. Couple that with the fact that Labour are discussing a 39% capital gains tax and that can only embolden the reason for staying listed... AIMHO DYOR GLA

404x - Debenhams was a complete fiasco. If you look at their decent, expensively refurbished outlets, pretty sure Frasers ended up taking those on.

Hence my comment regarding Ashley... when he does lose, he always comes out with something the other end...

Cashley rarerly loses money on investments and if he does, he always recovers something out the other end. Anything below 49p is an absolute gift IMO with a rerate being touted...

Page 26 of annual report, note 19 for reference.

In the latest RNS, within the Annual Report.

You have to read a fair bit into it, but it is definitely there as a post period reporting event.

I'm surprised no RNS due to the materiality, given the company had less than 100k in the bank at the reporting date, and issued Convertible Loan Notes for such a value.

I personally have doubts over the way this is being run. I understand there is a learning curve to running a PLC, but would expect this BOD to know that value warrants an RNS due to the materiality of the value and the position of the business.

Why wasn't there an RNS the following below... and what's the issue price of the related shares. All feels a bit smoke and mirrors...

The Company has signed an agreement to issue a convertible loan note dated 26 September 2024 amounting to £350,000.

The convertible loan note has a maturity date of 31 March 2025 and holds an annual interest rate of 10%.

The conversion price is at the subscription price per Share at which Shares are issued pursuant to the Transaction.

Very low offer in my opinion, as was expecting around the 20p mark. But grateful of some profit none the less.

Feel like MAFL will never get the traction it deserves until it starts liquidating these assets. Considering the crap that's on AIM and the valuations, it does make you wonder why this one is always overlooked.

I'm in here as think spinning off Ingenuity, combined with the move to premium index is a master stroke from the management. Not sure why the shares nose dived as much as they did on such news, as get why the nutrional revenues were reported lower due to exchange rate fluctuations in Japan. This has 3 exciting growth divisions, arguably one of which can cover the entire current market cap. Looking forward to further announcements. GLA and DYOR...

IMO it will be bought out for pennies, which can hopefully secure the future for some of the employees. That's the most important thing now. Unlucky to all that lost, but sometimes these situations make you wiser when the next one comes around.

The warning signs were all given last Monday. This is often how these situations unfold.

Try selling when you're in.

The MM have you stitched like a kipper.

Administrators on standby.

According to this:

https://www.mca-insight.com/finance/administrators-on-standby-at-hostmore/695526.article

This looks like a dodo, if ironmind was buying as much as they make out, they would need to issue a TR1 by now with the price it is at!

The CEO has taken compensation of circa 500k per annum out of this. They were purchasing approximately 5k worth of shares every month which is small fry in comparison to their full comp.

Add to that they certainly aren't buying after the latest RNS! How can they after effectively telling everyone the company has assets which are "unlikely" to cover their debts.

What are people actually buying here? Ask yourself that before potentially throwing money down the drain.

Of course it is volatile and will move, but what's the endgame likely to be and risk vs reward?

AIMHO, DYOR.

The logic of the current market tends to be that the worst and most cheap companies tend to multibag for no reason at all.

A main market company still trading at Sub 300k MCAP? WTF...

IMO, it hasn't suspended yet to give the institutions opportunity to dump their positions. The people picking up those shares could very well be on this BB.

RNS says it all though. This looks finished.

Last RNS says enough for me.

They haven't got enough value in their assets to repay debts. Another post Covid bubble stock bursts.

This company doesn't like to put financials out there with these announcements, which in general tends to mean the deal is paltry. Simple case of ramp the SP and do a discounted placing which the directors participate in. AIM in a nutshell

I have a small holding here and whilst I am positive about the industry , this company needs to get back to basics to appease the banks, simply by generating strong, profitable cash flows and reducing its debt.

I think they realise rental is a mistake, too much risk for too little reward and whilst they confirm a higher grade of customer credit rating in their portfolio will reduce defaults, that's all well ang

I am of the view there is a risk this is taken private.