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Can musicMagpie Become A £1 Billion Market Cap Business In The Next 5 years?
CEO interview
https://youtu.be/L81FZGQKkDs
For me MMAG is a buy and hold and wait for a few bags but each to their own.
I posted the below a few days ago
Yanis2005
Posts: 5,931
Price: 16.20
No Opinion
RE: Averaging down ?11 Nov '22
Each to their own but for me MMAG is a buy and hold for now. I am looking for a few bags.
Good business model and should benefit from the cost of living crisis.
Small amount of shares in issue, only 108 million and most are tightly held leaving a tiny free float for trading - only 35.2 million shares (35,181,914 to be exact).
Way oversold and the tiny free float can make it move big (either way ofcourse, but the down is done - Schroders is loading up)
For me is buy - hold - and wait for a few bags.
The SP was 160p + last February, was 50p+ last August. For me, a few bags here are doable. Good luck everybody whether trading for a percentage or holding for bags.
Geeman, I don’t want to jinx it but I am now making £25k on MMAG. Another £35k and that will be my Eve losses recovered. Fingers crossed MMAG will get to 40p/50p in the next few weeks. The potential is there and FOMO hasn’t hit yet.
I also bought some BOIL after the placing, got them at 0.136p. I am expecting it to triple from here before Q2 2023, again fingers crossed.
Have a nice weekend mate and good luck to all of us.
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.
MMAG still doing good Geeman and hopefully it will keep going up. Fingers crossed. A long way to go to recover Eve losses :(
And on the subject of Eve, another one bites the dust - Joules. Another one I bought on the drop but bailed out with a small loss when the possibility of admin was mentioned. Lucky escape. Never again, the Eve lesson was very powerful.
Each to their own but for me MMAG is a buy and hold for now. I am looking for a few bags.
Good business model and should benefit from the cost of living crisis.
Small amount of shares in issue, only 108 million and most are tightly held leaving a tiny free float for trading - only 35.2 million shares (35,181,914 to be exact).
Way oversold and the tiny free float can make it move big (either way ofcourse, but the down is done - Schroders is loading up)
For me is buy - hold - and wait for a few bags.
The SP was 160p + last February, was 50p+ last August. For me, a few bags here are doable. Good luck everybody whether trading for a percentage or holding for bags.
Geeman, forgot to mention this.
Bought some Made.com but the moment the news came out jumped off. Learned my lesson from Eve :)
Geeman, mate, I am making £10k atm - recovering 16% of my losses in Eve so far and I am hoping to recover all of my Eve losses from MMAG. Fingers crossed.
MMAG IMO is way oversold. Has 108 million shares in issue and most are tightly held. There are only 35.2 million shares on free float for trading. Can make really big moves.
Last February the SP was 160p+
Last August the SP was 50p+
Way oversold due to a holder coming out on not so good news. Another one though (Schroders plc) is loading up.
Due to the tiny float can make really big moves. For me MMAG is the one to hold now but do your own review. Each to their own assessments.
Terrible DGU, Bensons got a steal. We told Cc to give up France but she wouldn’t have it, she knew better. Now we are bankrupt. There is nothing we can do about it though, annoying as it maybe. We just need to move on. I know is difficult but we have to.
Geeman, MMAG is a very low float stock, not many shares in issue and even less on free circulation. Is worth keeping an eye on. In my opinion is way oversold now.
.thanks Baz for posting the link.
That is it then, nothing for shareholders. Benson’s got it for nothing. What a mismanagement!
Good to know that there is nothing for us. I will ask my broker to take Eve out of my portfolio and move on. Huge loss.
Any sniff of admin next time and I will run a mile.
Hi Geeman/Wyn, I don’t have any shares in it but I know Avacta is a good one, been on my watch list for a while now but no cash to put in it. My last lot of free cash went in to MMAG (MusicMagpie)
For Eve though I know is a longshot but i am hoping for something back. I don’t expect them to pay redundancy money out of what’s is left, they have not been made redundant in the normal sense, the company went bust But what do I know?
Eve is still showing in my portfolio and looking at that loss is painful. :( I just wish for an end to this and have Eve out of my portfolio and forget about it but I cannot get rid of it yet because of the possibility of some return
I hope at least we find out when is all over and I can then ask my broker to remove it, forget about it and move on
Anybody knows when we’ll find out if there is any money left for shareholders?
Rob, thanks, I see it now.
This is huge but in the last RNS they only mentioned Stagecoach. They should be announcing all of them via RNS. I wonder why they haven’t.
Rob, how do you know that all those companies have been signed up?
If true, is huge news that must be RNSed.
Excellent RNS today and sold in to down at this low level - does not make sense!
We had a 1+ mil trade yesterday and a couple of 500k trades reported after hours.
Well over 1% of shares in issue and if we don’t see a TR-1 soon that will be suspicious - where would these shares be coming from?
1,105,000 shares sell is more than 1% of the shares in issue. If that was one of the major holders then we must see a TR-1 as they cross a threshold.
Wyn, fair play to you, you did provide some balance on this board. Looking back now I don’t believe you had any ulterior motives, I now think that (for whatever reason) you did it in the interest of grounding the conversation, pointing out the opposite scenario which is good. Thumbs up.
DGU, I know is hard but in my opinion we need to accept this and move on . We were screwed but there is absolutely nothing we can do about it. We need to accept it and learn from it and never repeat it.
Now all we can hope for is for some money to be left in the kitty for us shareholders, I doubt it, but hopefully there will be.
WG is correct. Aleph’s % dropped due to the additional shares. The 127 million warrants are not held, are being sold, done the calculations myself. Facts are facts.
Anyway this provided an opportunity for cheap top ups for those with spare cash. Unfortunately for me all my cash is tied up.
BV, the spud is next week as per the RNS. I think by Wednesday.
A successful sidetrack will see the SP going up by several multiples. Another 6 MMSCFD is a 2023 revenue (after the hedge is paid) of more than the current MCap at a mere 150p per therm. Where is the gas price now?
At 300p per therm is a 2023 revenue of £93 mil (after the hedge is paid) with the sidetrack doubling the current flow.
Fingers crossed for a successful sidetrack.