Member Info for red0liv3

2x until the share price moves.

That trade today wasn't me.

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.

@Redh3rring Going back to your post 12 Mar 2024 12:37 about directors options grant. Is your inference that they will want 45p+. Or, that they just don't exercise their options?

Thought I work out the companies EBITDA margin over the past 4 years. Long way to go to get back to the ~10% days.

Year end

5.49% 11/23 (+23%)

4.47% 11/22

8.38% 11/21

9.06% 11/20

Think we'll see a fair few B&I trades coming over the course of the next few days/weeks.

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

Braver person than me...until we hear me more from the company if fear this continues to slide...I wonder if their RnD / development have created some IP that might be worth something.

How are the nerves @hedge ?

Who's going to attend in person?

@josey you mention year highs, how do you perceive this equates to whatever the steps steps in MMAG sp/bid/mbo?

I can get some of my shares into next year ISA allowance and watch the the SP ticks up.

I'd take the price from a year ago, better still the mid April price. I'm invested and my sentiment is positive however, the longer the lack of information and depressed SP continues my optimism ebb's away. Been here from December last year. Seen the highs and current lows.

Are you suggesting a share buyback has occurred?

Sub-20, sounds like you're lowering your target?

I thought they were, they dropped Peel Hunt a year or so ago.

What have you averaged down up, are you sub-18p now? @Northern40

@Bighand are you the next Damian Hanson? My positivity is waning by the day. If you're holding anything to go by and reflected in the rest of the board members, could be crucial if we get to vote on any outcome.