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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.
DGU, next news on H&W are going to be in January, the judicial review. A couple of months is a long time for in these markets so going down to around 15p is probably going to happen.
As far as Tesla is concerned, if you are thinking about it I would wait for $150’ is the next support.
DGU,
https://bit.ly/3OpaC9y
H&W CEO interview discussing the £1.6 billion FSS contract, project timelines and other prospects. Interesting.
I will keep watching this and at circa 15p I will jump onboard. Will sell another share if I have to. Interesting to note that they also have a gas storage facility in Ireland and judicial review on it is in January.
DGU, H&W is a good one IMO. Been following this for a while now and unfortunately when it was down to 5/6p I had no spare cash. Now kicking myself for not cutting Eve losses and putting the money in HARL.
The time to now get on board is on a pullback and generally I agree with Wyn’s analysis. The SP may drop down to circa 15p before moving back up. Need to keep an eye on the chart.
More good news can change that but not likely before this contract kicks in and H&W gets the £77 mil investment fund to bring its fabrication yards up to date. Anyway, fearing news, getting FOMO, and diving in too early can result to a kick in the teeth. If news comes before entry, then let it go IMO and look for something else.
interesting article ….. . We are on the way up
https://finance.yahoo.com/news/returns-musicmagpie-lon-mmag-way-103432137.html
will not buy Atom right now, not without a research. Had a quick look at the chart and seems that it was IPO’ed this year and the SP so far is holding above IPO SP which is a good sign. Will need a lot more research before committing, hydrogen is promising as is a developing industry.
Time to buy is at the next placing whenever that might be.
Hi Geeman, I hope your shares come good. Is time we had a break, my ears are still buzzing from the Eve smack lol.
I will check out Atome., can afford to buy now but will add to my watch list. Cheers mate and good luck to us.
Each to their own (DYOR) but I added last Friday and added again 3 lots today. Will add again on weakness. I have no intention of selling these anytime soon, holding them very tight.
MMAG reminds me of Amazon in the early days. I then sold Amazon at $25 only to see it years later hitting $3500. I am not saying MMAG is equivalent to Amazon, ofcourse not, but has big potential. I believe that it will get up to the IPO SP within months.
Not a solicitation to buy, this is my experience, my opinion , please do your own review before buying/adding.
Link to the CEO interview reposted below
https://youtu.be/L81FZGQKkDs
Geeman, morning mate. At the moment MMAG is very oversold and is recovering. I don’t expect it to have a normal correction (pullback) until is in the high 30s.
This morning I added another 3 lots between 24p and 25p. I am currently recovering about half my Eve losses just from MMAG. Fingers crossed the SP will be going up as I am hoping. It will do. I have no plans of selling any in the near future.
The MMAG CEO is very bullish. He is predicting that MMAG will be. £1 Billion MCap company within 3 - 5 years. That is an SP of more than £9 if it happens. I posted a link to this interview on the MMAG board.
This is not advice for anybody to buy, if anybody is thinking to buy MMAG please do your own review.