Member Info for MrMagorium

If a founder of Hargreaves is taking a position at these levels, it does make you wonder...

Interesting take on valuation Jamrock, always good to get your view on MHC.

What's your view on a potential Takeover at this level? With the MCAP at discount to cash, one has to question if an established Healthcare Company, with credible digital marketing strategy, could jump in here?

Just dropped in a jacket for a brand I know well, retail around £100, second hand, I believe I could get comfortably £50. Magpie will pay around £3.

Do the Maths and those are some serious margins, but one would question if anyone is really daft enough to sell a product for £3, which they can list and sell on Ebay for £50.

Looks like the name change has been submitted to Company House today, so the name will formally change to Pristine Capital PLC. Must mean the RTO is progressing...

https://find-and-update.company-information.service.gov.uk/company/13628889/filing-history

They acquired a business for 1.26 million and have a MCAP over 2 million. Judging by the continous dumping today, it appears a party may want out. Stocks don't drop 30% without something going on in the background. No smoke without fire, as they say.

The intention of INL is pretty transparent and, a simple use of AI indicates the following:

"INL Investment Limited has the right to call in the 2025 Convertible Loan Notes issued to East Imperial PLC after the expiry of a **12-month period** commencing on the date of the instrument constituting the 2025 Convertible Loan Notes. This means they can convert the loan notes, including the rolled-up 10% interest, into ordinary shares at any time after this 12-month period until the redemption of the notes in accordance with the terms of the Convertible Loan Note Instrument. The maturity date of these notes is the first business day falling **twenty-four months** after the date of issue."

That reads to me, INL may have jumped the gun in terms of calling in the debt, hence why they have allegedly gone quiet. It does however help me understand their motive.

I personally expect some form of pre-pack to take place and I will not be suprised to see who is on the opposite end of that deal!

AIMHO, DYOR.

A new investor isn't going to be paying the IPO price here now are they?

That was circa £2.00 and it now trades at 6.5p. In hindsight, would you be better off posting your warnings on new IPO's that you believe are over-inflated to inform 'New Investors' you want to help, if that's your intention, rather than bombed out volatile stocks, which can be manipulated with disingenous posts, like the ones you have posted on selective stocks.

Revenue halving from 22 million to 11 million is the biggest issue here. That is a substantial worry IMO.

Cash is strong which is a positive, but how long is that going to hold up on those levels of revenue decline.

They have been playing the 'self-funded for next phase of growth ' card for too long. They need someone capable of leading that transition, they can't just have their eggs in one basket (Boots).

You mention ITS is profitable. Have you looked at their accounts to verify that statement? Given you appear to understand the transaction in 2023, can you think why it may be showing a profit?

Anyone who knows the background on In the Style, know's it is a pariah, and should not be anywhere near a public market, following the absolute shafting it gave it's shareholders between 2021- 2023.

It listed for a valuation of 105 million and was sold for 1.2 million.

Now a mere later it want's back on a public exchange! Those who know, know!

Who's gonna get caught in the pump I wonder...

In reality the value raised is not too big, most of the cash was in the 13p range which is still good, but shrouds the fact the CEO has gone abruptly and the CTO has left their position.

Will hold back for now, as think it may flounder backwards in the coming month as is usually the case.

IMO, RBG had to put a positive spin on their RNS, by claiming that Nightcap can't raise the funds necessary to acquire the company.

But reading into it, this was in very early stages, even pre DD, let alone any genuine valuations being put on the table.

I would much rather Nightcap sit back and go in again if RBG ends up struggling for cash again in the near future, then they can cherry pick the assets they want.

Personally think this could be trading above 5p come September and think the BOD know that hence a forward premium. It needs a strong summer trading update of course and likely of the view could be some companies struggling at present, hence the reason they want to raise the cash to take advantage of this. If they cherry pick the good bars, then could achieve it's objectives and that may end up being a strong return for investors at these levels. IMHO, GLA,DYOR.

I like the fact this has a good level of cash, but I don't love how quickly that could end up being burnt through, if they aren't able to replace the Lateral Flow Revenues.

The other products look promising, but are they really getting the traction they need to be?

There's an argument to suggest it should be trading higher than it is, on cash alone, but if you're valuing this on future outlook, you have to ask about how ambitious the BOD are and is that really factored into the current SP? AIMHO, GLA, DYOR.

The specific interest rate on Music Magpie’s debt is not detailed, however, financial expenses for the year ending 30 Nov 2023 were reported at £1.9 million, which would include interest payments on debt...

Unlevered Operational Cashflow was circ 8.1 million, period ending 30 Nov 23.

What gives you reason to think the HSBC/Natwest are concerned in relation to the RCF Robswire?

if they sold decluttr, what would it be worth? ai indicates it generated 29 mil in sales in it's last report.

assuming an ebitda of 5% and a very prudent multiple of 3, that provides a value of circa 4-5million.

i know there's more than one way to skin a cat, but that doesn't seem too bad for a company with the mcap of mmag... if it's an american company that were to buy it, surely they may even pay a higher valuation than my *** packet calc above?

Personally, I think MMAG has potential, but it should have walked away from negotiations to sell the business. A bid is best when it comes out of the blue, often at a substantial premium.

By leaving the 'for sale' sign up, indicates the directors are going to be negotiating from a point of weakness, as they are often seeking an exit.

Just my opinion, but I took a relatively small holding here last week, so I'm a half full person in general.

Bought a few last week, as think this has a very good potential. To raise at the premium they are indicating only adds to that methodology. Top line is growing substantially from acquisitions, and pleasing to see strong operational cash flows (a large reason they report losses is due to Depreciation...) If they can start to reduce their LT-debt, this could be a very lucrative opportunity for shareholders. AIMHO, DYOR,GLA.

Operations.

IMHO, INL secured the crown jewels when the Loan Notes were issued last year. East Imperial has struggled to find ways of raising capital to repay the debt, and so will now need to hand over the keys to INL.

Don't be suprised to see current BOD retain cushty packages, whilst shareholders take the hit.

My understang is that INL hold a charge on the Singapore Operating Sub and majority of TB's shares.

Will they sell this to recover their debt (I don't think so) or take full control of the operati