Member Info for Yanis2005

Bought another 25k at 21.92p

Might be a PI.

2 mil is 5.7% of the free float but not 3% or more of the shares in issue.

If it is an institution we will see a TR-1 soon, else it is a PI and that is good news because it sets a higher bottom. We will soon find out.

Swerve, back in the early 2000’s when Amazon was in its early stages of development it was trading in the teens, then it moved up, I bought 1500 shares at $20. The SP was trading in the $20-$30 range for a few days and on similar news to today it dropped from $30, I bailed out at break even more or less. SP dropped to just under $20 and then turned back up leaving the sub-$30 behind. Before it split, the Amazon SP reached a dizzying high of $3500 … 1500 shares = $5,250,000 … I am still kicking my self.

MMAG reminds me of those Amazon early days. I am not saying that MMAG will reach Amazon style highs but the CEO is expecting MMAG to be a £1 Billion MCap business within the next 3 to 5 years.

The foundations are set; SMARTDrop kiosks in 290 ASSDA stores are in place, subscription service for business launched …
Heavy institutional investment, insiders fully loaded, about three quarters of the float tightly held. £30 million revolving credit facility, no fear of placing and dilution. This is turning round and 2023 should see a substantial improvement. Second hand market is hot - benefits from the cost of living crisis and environmental drive - look at Vinted valued at $4.5 billion.

Is not normally good to fall in love with your investment but in MMAG’s case I am making an exception. Long term hold for me no matter what the charts are saying. I trade other shares.

I think 21p is gone, let’s hope 20p will hold tomorrow.

Overreaction to ok news, was not expecting such a sell off. I thought it would have pulled back up to 25p … but what do I know? The market is unpredictable. Hey ho another chance to add lower, long term hold for me as I believe that there are several multibags to be made here.

Cheers Wyn, …you picked another bottom!

Morning Wyn,,

The TU is more or less what I expected, is upbeat and much better than previous updates that dropped the SP down from £2. I don’t think the market is looking at the TU as negative, profit taking on news from short term traders and stop loss triggering in my opinion. However, for today, I expect the SP to hold at ~25p.

Had the TU shown increase in revenue then the SP would have gone up further today but in any case the results are better than previously expected.

I think MMAG is now in a strong position for growth as most of infrastructure spent is now over, SMARTDrop kiosks in 290 ASDA stores are installed and functional but what do I know?? :)

The CEO expects MAG to be a ££1 Billion market cap company within 3 to 5 years.

Personally, I am sticking with it and will be adding as and when I can. Each to their own though and GT.TA.

From Twitter (Afzal Vali):

https://twitter.com/afzalvalli/status/1600119141687382018?s=61&t=0xhp3Nsy--_jrJ-eUhhu8w

https://twitter.com/afzalvalli/status/1600119768555454464?s=61&t=0xhp3Nsy--_jrJ-eUhhu8w

Aston, I have been adding all the way up, I am expecting the TU to be a positive one as the bad news are already out. I could be wrong ofcourse but the odds are for a positive TU as we had some good developments since September’s TU. Fingers crossed.

Aston, last year the TU was on 15 December, so anytime now.

Haven’t sold a single share yet, been adding, long term hold for me.

The MMG story is just beginning. If the next TU (now imminent) moves the SP up (and I expect it will as the bad news are already out) then there are several bags to be made here. IPO was at ~£2.00.

Not many shares available for trading - there are 107.8 million shares in issue, most tightly held by institutions and insiders leaving only 35.2 million shares available to us to trade.

Yes, no profit taking into the close and in fact there was buying … this means 30p tomorrow as the buying is likely to continue.

Robbdabank, take a look at the below tweet by Jarvy, lots of good links in this tread:

https://twitter.com/jarvy55/status/1320424651466702850?s=61&t=n315dzd8RglBj_9Ezpjo6Q

Wyn, I agree with your analysis - 27.5p is the top of the gap and 31.5p is the 105D-EMA. I do however think that the SP will go straight to 31.5p maybe higher before turbulence.

We are also having a bullish cap and handle reversal on the charts and this could indicate a big move in the making. Very likely we will be in the 40/50 range, maybe higher this month. The imminent trading update should fuel the SP rise.
My views, each to their own, DYOR,

Glad I loaded up on this by buying more instead of selling on the drop. Next trading update in a coupled of weeks should be very interesting..

Wyn, nice timing - you picked the bottom of the pullback.

Morning Wyn, welcome onboard.

I suppose this pullback was in the cards after the mega rise from 10p to 25p. I must admit though, I was expecting the SP to hit the top of the gap before correction, I was too optimistic maybe.

I still believe that MMAG is oversold, but from the fundamentals side rather than the technicals. Good business model that should benefit from the cost of living crisis and the Environmental drive. The SP last February was 160p+, 3 months ago was 60p+ and the IPO was at ~£2.00.

The SP dropped down to these levels due to overreaction to news and an institution bailing out. However, the fundamentals are excellent now and this is underpinned with Schrodders increasing their holding and the BOD buying relatively very large amounts. The SMARDrop kiosks at ASDA are now installed and functional. We could be above 50p relatively quick IMO.

Next TU in 2-3 weeks time I believe will be positive and this should trigger buying and with a tiny free float …

I don’t understand holders selling now just because of SP correction. Any news and getting back in at a reasonable level will be out of the window IMO. As I said earlier, I am holding on to my shares, I have a reasonable holding now, and will be adding on further correction. People are impatient and the SP may correct a little further.However, the SP is at the bottom of the gap now and hopefully it is just a test of the gap. Either way, I am happy with it. GLTA.

Each to their own, DYOR, but I have been adding, added another 55k at ~19.5p today and will add more if it drops lower.

IMO is way oversold, bad news are already out and next update (within the next 2 or 3 weeks) should show a considerable improvement. With a tiny float and most shares tightly held the SP could make big moves towards previous highs.

I am sticking with it, I haven’t sold a single share yet. Good business model that should benefit from the cost of living crisis and insiders are heavily invested. Free float is only 35.2 million shares (out of 107.8 million shares in issue) and for me this is attractive for a company with good prospects because it does not take much volume to move the SP.

A couple of interesting links (already posted previously):

Returns at MusicMagpie Are on the Way Up (21 Nov 2022) - https://finance.yahoo.com/news/returns-musicmagpie-lon-mmag-way-103432137.html

Can musicMagpie Become A £1 Billion Market Cap Business In The Next 5 years?
CEO interview- https://youtu.be/L81FZGQKkDs

We should get an update within the next 2 to 3 weeks; last year there was an update on 15 December.

Wyn, your 16:15 post - fully agree. Half in then add, makes sense.

Oh, I did mention before I am also in BOIL, in at ~0.14p and I am on that atm. I am aiming for at least 2-3 bags out of this one.
They just had a placing so is derisked for now.