Member Info for robswire

It’s a slam dunk at 51%

The firing squad already has 30 staff to fire

30 Head Office staff are getting the boot whilst the directors stay on board

There are no bigger fools out there to make an offer

This is a shotgun wedding with the banks holding the gun

Directors staying on. They are generously sacking 30 head office staff.

NEDS leaving as no use to man nor beast

Not enough lifeboats for those in steerage

Good riddance to an AIM disaster story

At least the banks have finally got their own way

You did note in Jan 24 that CEO’s daughter held a senior IT role …….. ?

Buying pointless numbers ….

Friends of Hedge ?

I have a spare stable door if that helps ?

Hedge. Please support your assertions with some maths. It’s a small step for man but a huge step for MMAG 🚀🚩🚩🚩

The fact is that the company lost £115k a week in H1 . To break even it needs to increase sales by £577k a week or £30m a year which needs working capital. Can’t see those sales happening even if the banks are prepared to further assist, which is highly unlikely

As I sit here in GANT t-shirt and shorts I have been offered £1.79 by MMAG

Why on earth would I be bothered when they would cost £120 to replace?

Another duff idea from MMAG

The RCF has to have been granted on the basis of EBITDA forecasts of over £12m pa based on the 2.5x covenant

(Mag)pie in the sky numbers

The glass is less than half empty

The hedge is full of thorns

The bankers can’t be happy

Guessing Christmas was irrelevant as doesn’t warrant a mention

AGM starts at 8.30am

If anyone dares to ask awkward questions at AGM they will now be told to refer to the RNS (which actually contains no numbers at all)

PS Black Friday “happened “ in previous FY

So 🫢 if I want to short MMAG I need to first manipulate the price up by buying a load of shares? Which I later dump at a loss

Wish me luck 🙏🏻

Depreciation of rental assets is 33% reducing value so after 2 years asset stands at 45% of cost, not 33% . No quick “D” fix to be found. Meantime they carry on capitalising IT salary costs!

Dreading a dead cat bounce 🙃

Even coiled springs hit potholes or in this case a canyon

Man City win for 4 times in a row, Good job they weren’t sponsored by MMAG 🧐