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Found it.
Page 39 of of Annual Report 2022:
https://www.musicmagpieplc.com/sites/musicmagpie/files/2023-04/musicMagpie-plc-Annual-Report-and-Accounts-2022.pdf
Page 47 of Annual Report 2023:
https://www.musicmagpieplc.com/sites/musicmagpie/files/April%2024%20Documents/musicMagpie%20plc%20Annual%20Report%20and%20Accounts%202023.pdf
Anyone know/recall what the objectives relating to the financial results to the year ending 30 November 2024 are for the exercise of these options?
https://www.lse.co.uk/rns/grant-of-options-nqy3sz35kol5o6o.html
I like numbers and had to do them myself based on a user:
[USER SELLS] iPhone 14 256mb | Excellent | £426
[USER BUYS] iPhone 14 256mb | Excellent | £675
[DIFF] +£249 instant (MMAG)
[USER RENTS] iPhone 14 256mb | Excellent | £37/month | £444/annual (+£18 and MMAG still own the phone after 12 months)
[USER BUYS] iPhone 14 256mb | Good | £449 (alternative goes on rent for a further 12 months)
[DIFF] +£468 over 24 months (MMAG)
The concept looks to me to smooth the peaks and troughs of the buying and selling cycle/periods whilst having more control over inventory. For the same phone they look to 2x their revenue at the expensive of interest payments. The flip side they could have just flipped two phones rather than just one.
Few references to Music Magpie and links directly to their website. Every little helps.
https://www.which.co.uk/reviews/mobile-phones/article/best-iphone-deals-aZMMY7a1raJz