RE: CC posting on Linkedin17 Nov 2022 10:02
Morning all, never again Wyn - lesson learned. Dipped my toes in to both made.com and Joules but when the word admin was mentioned bailed straight out.
With MMAG the last TU was not really that bad. The damage to the SP was done when a large shareholder decided to bail out. However, another one (Schroders) decided to take the opportunity to load up. The BOD also dived in and bought heavy, with one of them buying a very large amount, in excess of a million shares. All insiders are heavily invested.
They have finished building the SMARTDdrop kiosks in Asda stores and also entered in to supplying and maintaining business IT - smart phones, tablets, etc. Stagecoach is their first one. They are expanding.
They have a £30 mil revolving credit facility.
The IPO was at £2. Last Feb the SP was higher than 160p and a couple of months back higher than 50p. I don’t expect the SP to get back up there any time soon but high double digit is doable.
This is not a solicitation for anyone to buy, just my opinion, please do your own review.