Member Info for red0liv3

Observation: Given the pivot of the business to technology, in the longer term you might expect they would rebrand. Unless of course IF the company is acquired then any expenditure changing name would have been lost and also the 'value' in their current brand.

How do the two companies last annual reports compare and correlate to a valuation? No finance background.

Revenue 39.8m (Blanco) to 145.3m (MusicMagpie)

Adjusted EBITDA 11,536 (Blanco) to 6,471 (MusicMagpie)

Cash flow 9.9m (Blanco) to 6.37m (MusicMagpie)

Equity 77,744 (Blanco) to 25,053 (MusicMagpie)

Net assets 98,231 (Blanco) to 19,543 (MusicMagpie)

Entities with an interest in over 1% of the shares need to report the fact whilst in an offer period.

Last year was the 7th, year before the 15th.

Canaccord Genuity’s have advised on 10 UK Takeover Code transactions over the past 24 months.

Schroder Investment Management Limited we're in there as well.

TES the other firm you couldn't recall?

What do you deduce from the Directorate change?

I believe Oasis are a new shareholder given they haven't been listed in the past if I'm not mistaken.

I know what would put a smile on my face :0)

Share price not at all time low.

What would be your key metrics to look out for in any trading update? EBITDA £8.2, CONSUMER TECH £94M, SUBSCRIBERS 44k. I'm not familiar with DCF valuations. The table provided suggests a range from 40p-153p with the research indicating 61p per share.

If not BT or Aurelius then who, ecoATM (Apollo Global Management)?

Could be any number of things. Owners being over confident in valuation, teasing out other potential suitors, nature of any earnout mechanisms, who remains operating the outfit and for how long? A trading update would help create a level playing field for any acquisition.

I've read the technical definition but in terms of a potential sale, what does it mean or what does it imply?

My train of thought is that any potential future offer will be linked to the full year trading update in the next couple of weeks. Hit x and valuation equals y.

Timing with trading update a coincidence?

Https://finance.yahoo.com/amphtml/news/smartphone-refurbisher-musicmagpie-puts-itself-154559667.html

"City sources said the company could seek a valuation in the region of £40m" - The Telegraph