Magnolia Pet Share Discussion Threads

[temmujin] 03/11/2017 15:35

took a big punt...silly price now

[ettienne1951] 30/10/2017 09:03

Given that WED has a 29% stake in the equity of MAGP with further funds to invest, and the remaining shares are scattered via Nominees, time will tell whether WED takes up a future placing which leads to its control.

[ettienne1951] 27/10/2017 13:16

MAGP shareholders have approved a share consolidation of 100:1 citing as the main reason that new capital can't be raised as the share price was at or below the nominal value of the share.

It follows that a fundraising can be expected in the near future and quite a necessary one, given the state of liquidity according to the balance sheet at half year (Trade and Other Creditors (£1.6m) were reported at almost x4 times trade debtors and the bank borrowings at £2.6m was only marginally offset by cash of £300k.

Retained losses are £14m have been supported, as ever, by shareholders (Share Premium £15m) and for all that, the company can only report £4m in non-cash assets.

Given that the founders stated objective was to "create substantial value for shareholders through the acquisition and subsequent development of leases etc", and the company has been trading for eight years, I have to say that, in my view, they failed pretty miserably as shareholders have seen a c90% decline in the share price from its peak and that now produces a current market value is less than £2m.

Whilst I appreciate that the business has been shaken by the decline in the market price of crude oil, there wasn't much by way of assets to support the extended period of the WTI decline at the outset and since the decline is likely to remain for a longer period of time than hoped, I don't see this company's prospects improving anytime soon.

For the record, I was a MAGP shareholder some years ago and keep an interest in its battles.

[happyholder123] 09/9/2017 11:09

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[temmujin] 29/8/2017 07:41

SHOWS UP 6000% pre open...has there been a share consolidation?

[douglas macarthur] 24/8/2017 13:33

SHUT UP

papillon28 Jul '17 - 11:23 - 1672 of 1672 1 0 (Filtered)

[temmujin] 23/7/2017 16:33

papillon...still sore re oxus..should have known better

[kingivor] 23/7/2017 15:37

0.15p is fair value on recent story.
New strategy to expand the company with WED and access to funds.
Clear strategy to divest non-core assets to support beyond the 25% free carry on first well and reduce debt burden so that new longer term bank facility can be agreed.
Decent chance of strong turnaround here and worthy of hefty punt money.
0.27p 3-month target for me.

[papillon] 23/7/2017 15:34

Wouldn't get too excited just yet. The share price closed well off it's 0.135p intraday high on Friday as the 200 day EMA acted as closing price resistance. MAGP log chart.


free stock charts from uk.advfn.com

[papillon] 23/7/2017 14:27

falia 21 Jul '17 - 14:34 - 1658 of 1666 0 0
0.3-0.5 NEXT WEEK

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Ramper alert!! falia and temmujin? Both FILTERED!

[papillon] 23/7/2017 14:26

Small bullish IH&S formed today on the chart indicates 0.15p as a possible short term target.

[saturn5] 23/7/2017 13:07

Insp is a bit doggy

Myn has come down from 1.6 so who knows

[saturn5] 23/7/2017 13:00

five bag soon would be very acceptable

[temmujin] 22/7/2017 10:17

another one is inspirit energy INSP..theyve stopped people buying via spread bet for some reason..but massive news re their new boiler soon..the only boiler that doesnt need maitenance through its entire life...got to be a winner

[temmujin] 22/7/2017 10:15

this could easily 10 bag next week..trust me

[saturn5] 22/7/2017 09:22

Lets hope for a good rise on the recent news.
Post 0.3 would be good

[falia] 21/7/2017 15:16

WAIT TILL NEXT WEEK ,THESE WILL BE WELL ABOVE 0.3P

[oilbuy] 21/7/2017 15:04

Second wave

[falia] 21/7/2017 14:34

0.3-0.5 NEXT WEEK

[temmujin] 21/7/2017 14:30

i added this morning at .11p... people were abit slow to buy in

[falia] 21/7/2017 14:30

A 17M AND 13M BUY, BOOM BOOM TIME