||EPS - Basic
||Market Cap (m)
Real-Time news about Music Choice (London Stock Exchange): 0 recent articles
|adp: Could see it coming a mile a way - the company just couldnt make money - it never did - the product just isnt a winner, simple as that. No idea what IGC do but there share price isnt much
Hope you get fat Margo et al.............I used to work for these guys, nothing but self pocket liners for years|
|moneypm: i cant see what all the excitement is all about. Around 22p was expected to be the share price after cancellation of shares became effective so thats where its come back at. From around 18p to 22p. So in real terms the share price is up around 1p. What's all the fuss about or am I missing something ?
here is the maths (when the RNS was issued and the price was 18p):
Assume 100 shares @ 18p = £18. Cash return is 16.75p on 73 shares = £12.23. Remainder is £5.77 and 27 shares, so the market currently values the rump shares @ 21.5p.|
|devbod: > Balance : 2700 shares, cost £877.25 = 32.5p each = loss per share of 11.5p so far
You are calculating the 11.5p loss based on the current pre-buyback share price. In theory the post buyback share price will move higher overnight to reflect the change.|
|napoleon 14th: I dislike this murky/nebulous buy-back scheme intensely.
Others, like BVM, are equally, if not more, undervalued.
They do things in a rational way by buying in the market.
What MUS are doing is paying less than market price, a fact underlined by the rise in share price since, as if a conventional buyback had been done.
Reality is, for example:
10000 bought for (in my case) £2100 cost.
Redemption of 7300 @ 16.75p = £1222.75p cash.
Balance : 2700 shares, cost £877.25 = 32.5p each = loss per share of 11.5p so far, = £310.50 B4 costs.
ALTERNATIVE : SELL! 10000 @ 18.63p = £1863 : loss £237 B4 costs.
Any reason for putting up with this?
Prospects!!! Ah, well, seeing is believing, and the record says MUS has been a "road of borrocks" so far......floated at 164p, and so now they give you back 10% of that 'cos they have too much cash???
GERTCHA! I'M OUT OF THIS GAZUMPER...............|
|devbod: Certainly the share price is likely to be more volatile with the reduced share count and such a large amount of cash dissappearing from the books.
If this is an expression of confidence by management then great and this share could go nuts. If the small number of important shareholders (from ownership and trading POV) simply demanded the cash back then their reduced commitment to the company would be a concern.
Fingers crossed for you, still mulling the decision whether to buy back in or not ;)
|eastbourne1982: I cannot see the board will approve a takeover at anywhere near the current price. The actual business is hardly even factored into the share price.|
|jg4fun2001: Somehow the way this share price is behaving, and all the comments on this board, remind me of host europe. Maybe there will be a takeover here as well.|
|hjs: Market value = £24m
Cash = £19.8m =16.1p per share.
Business is not burning any more cash.
Annual sales £10m.
Outlook - Profitable business
Share price moving North!!!!|
|jimbill: This share was recommended in GrowthCo. Investor last week and that very morning the recent rise started. A coincidence? I dont think so. And because it takes very little to move this share the rise was impressive and vice versa when all the retail investors had made their 10% and took profits. The basic fact that the recommendation mentioned is that when you take out the cashpile and appreciate that the co. is now not burning cash, it is valued at someting like half its turnover which appears cheap. I hold and am fed up with all the theories designed to appeal to the average punters sense of fear or greed. I tend to buy riskier stocks and the one thing I have leaernt in the last 4 years is that share price movement of 20% or so in these stocks rarely has any basis on fact or news.|
It would be nice if you could attend as I won't manage (based in Scotland you see) and I will be in London the previous week for another AGM. It would be good to get any feedback though, if you do manage.
I tried to add more on fairly decent volume yesterday but find that the stock is really hard to get a hold of. Any decent news would therefore propel this into orbit as it is so tightly held IMO. I am hoping that this can at least match market cap of NPG, which would mean a doubling of price from here, however this would still be cheap in comparison due to the large cash pile.
Having said that, I do think that MUS will be taken out by another player over the coming months. Share price could start to climb accordingly.
Music Choice share price data is direct from the London Stock Exchange