Member Info for MrMagorium

Totally agree CountingCards.

This has a stitch up written all over it.

The blatantly obvious thing here is the CEO was smiling on a video about how they wouldn't go private and how shareholders were supportive of further debt finance, when they were effectively bankrupt and unable to cover interest payments.

I got no sense of concern on his part.

They are almost cashflow breakeven and now they are going to sell the business? Sell it to who I wonder? Lets wait and see if TB is on the opposite side of the transaction likely backed by INL, or retaining his lucrative compensation.

Biggest risk here is a delist now imho. There's been many AIM co's do it after listing in the last 2-3 years at significant valuations.

A company up for sale which has a MCAP at this level is a recipe for disaster - it's desparate. Almost 9 months, it's remained publically listed, no suspension and the SP has done nothing but fall to all time lows.

Think the BOD owe shareholders a swift decision on the talks to enable any move forward.

This is simply poor management.

How can a copy try to raise at 5p, then a few weeks later confirm intention to delist? Do they understand what a disaster than can be for shareholders.

Wouldn't suprise me if the insiders have been scooping up the shares after the huge drop.

I have been in and out here and whilst I think it should come good in the end, I have seen such AIM robbery taking place as of late, which is practically impossible for PI's to factor into their analysis.

What reassures me here, is some big hitters have bought stock who won't roll over if the BOD were to recommend a delist or undertake a hugely discounted placing to dillute smaller shareholders (unless of course those parties can participate)

IMO GLA DYOR

Nice buys going through, hopefully clearing the overhang. Have a good feeling about this one.

Very true, Oakbloke wouldn't have been predicting a delist, as that screws most shareholders.

I saw and read the results RNS first and was gobsmacked why the SP had dropped so much, then I saw the intention to delist...

Moniman- people like Hargreaves invest for long-term, these results were already history by the time he took a position, and they are history today.

I personally think Magpie is worth more than it was yesterday and more than it is today. However, I have to admit, i'm seeing a lot more people pulling their companies off AIM and that does represent a risk for me to Private Shareholders.

This is a real shame, and whilst there will be financial losses to those who bought a stake in the business, the BOD's reputations will now have gone down the pan! Money isn't everything!

If this ever hits 1p again under the current capital structure, I would eat my own hat. In my view, this is teetering on the brink of administration now. I could be wrong and hope I am, as never like to see people make losses.

Peter Hargreaves stands to take approx 1 billion from the sale of Hargreaves Lansdown. His investment in MMAG is approximately 280k.

MMAG may

The person who keeps quoting 10p's, 20p's over the last few years must have lost people an absolute fortune here if they listened to them. Those numbers have never added up.

One could question why wouldn't the large investor people are talking about just wait and pick the bones if this ends up in administration? I suspect the investment they could end up making would result in a huge dilution to current holders anyway?

AIMHO,DYOR,GLA.

Can't believe people were quoting ridiculous 90p opening prices... as expected the SP has hardly moved and will probably go down now.

The big worry is the lack of financials in the trading update, as it always seems to be with THG. Where's the profits? Where's the positive free cashflow? Kelso quote a sum of parts being significant in relation to Market Cap, but THG has no ambition to relinquish parts of their business, so you're stuck.

But maybe if we stock Myprotein next to the Everlast stand in Sports Direct. That will do the trick.

AIMHO, GLA, DYOR.

Lack of financials in the trading update, tells me what i need to know. Also the fact no Mike Ashley TR1 suggests arms length arrangements. Normally he builds a decent stake before any announcement on strategic tie ups. Was a bit disappointed reading the RNS after seeing the headline.

On that basis Diamondguru and how AIM usually tends to operate, are you suggesting this is a Strong buy?

Is there a distressed seller?

They must want out at all costs.

Makes you wonder why, if this company is going to be as prosperous as the new directors seem to think it could be.

*engineered to some extent.

Yep, 7mil cash from ops. Profits can be engine

There must be some fierce negotiations taking place for the offer period to have lasted this long, and now deep pocket billionaires are getting involved, that is a clear sign for someone to either put up or shut up, because people like Hargreaves won't be accepting a pitiful offer.

I wouldn't be suprised to see an update as part of the interims in relation to what's going on, but maybe the wise amongst us would recommend they walk away from those negotiations, and get on with running the company for shareholders.

Then let them get taken out at 5-10x current SP in the next 3-5 years.

Looks like they are getting investment at the 5p they want and this is good news for current holders, whilst it still continues to trade at a 20% discount to this level.

They will be well positioned to take adventure of upcoming M&A opps.

🙌💎