Share Name Share Symbol Market Type Share ISIN Share Description
Magnolia Pet LSE:MAGP London Ordinary Share GB00B63QSF76 ORD SHS 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 4.15p 4.00p 4.30p 4.15p 4.15p 4.15p 2,399 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.0 -1.3 -0.1 - 1.45

Magnolia Pet (MAGP) Latest News

More Magnolia Pet News
Magnolia Pet Takeover Rumours

Magnolia Pet (MAGP) Share Charts

1 Year Magnolia Pet Chart

1 Year Magnolia Pet Chart

1 Month Magnolia Pet Chart

1 Month Magnolia Pet Chart

Intraday Magnolia Pet Chart

Intraday Magnolia Pet Chart

Magnolia Pet (MAGP) Discussions and Chat

Magnolia Pet Forums and Chat

Date Time Title Posts
23/2/201811:02Magnolia Petroleum Plc 2013, for the serious holders1,706
04/9/201409:38why to BUY and HOLD in Magnolia Petroleum (MAGP-
12/12/201310:10Magnolia Petroleum Plc602
12/9/201309:51Step Up in Revenues from Highly Prospective Magnolia Petroleum PLC4,503

Add a New Thread

Magnolia Pet (MAGP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-02-23 12:05:044.00180.72O
2018-02-23 08:14:394.002,38195.24O
View all Magnolia Pet trades in real-time

Magnolia Pet (MAGP) Top Chat Posts

Magnolia Pet Daily Update: Magnolia Pet is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MAGP. The last closing price for Magnolia Pet was 4.15p.
Magnolia Pet has a 4 week average price of 4p and a 12 week average price of 4p.
The 1 year high share price is 655p while the 1 year low share price is currently 4p.
There are currently 34,906,992 shares in issue and the average daily traded volume is 90,072 shares. The market capitalisation of Magnolia Pet is £1,448,640.17.
papillon: Fantasy company with fantasist investors, like temmujin and the lse dreamers. Still you can't blame RW and her family. MAGP has been a nice little earner for them. If you adjust the MAGP share price to take a/c of last years consolidation the share price has declined from a high of £5 in late 2012 to the current 4.625p. That's a loss of over 99% in just over 5 years. That's some decline! That takes some doing! Congratulations must go to RW and the BoD for that amazing performance! LOL I remember I held shares in MAGP back in 2012. The fantasists on the lse bb were then looking forward to holding a party when the share price hit £10 (10p pre consolidation). Ah those were the days! LOL. The fantasists talked of each other as being shipmates on the good ship Magnolia! LOL. Unfortunately the good ship Magnolia sank and bacame a shipwreck whilst on a long voyage!
ettienne1951: I look at the reaction of the share price today, to the RNS that the Gilchrist well has "exceeded expectations" producing 770 BOEPD which is 200 more than the company projected, with dismay. The share price increased by 25% on the ask and the spread widened to 20%. The timing is just a couple of days on following the unexceptional announcements of a $300k placing @3.5p and the management of the first WED investment under a previously announced agreement. So what have they just announced? It boils down to their 25% of the combined 1.57% interest with WED, increasing by less than 1 BOEPD to just over 3 BOEPD if I'm not mistaken.
ettienne1951: The interim accounts were illuminating, not least the Outlook Note: "Future well investment is likely to be funded from new funds received as part of the WED contract, by further portfolio rationalisation and by raising funds in the future." No mention there that any cashflow from existing well production would be put into new wells and one can only speculate that it's being spent covering lower overheads. My own view is that well investment has been constrained due to a continued strain on liquidity which in turn has restricted the company's funding options; hence the company has had to look to other funding streams such as WED and give them a 29% equity stake for the purpose, diluting the share price even further. Looking at the options: 1. Disposals of certain existing well interests (if that is what portfolio rationalisation means) might generate short-term cash but re-investment in new drilling opportunities has longer-term cashflow implications - eg. capex and drilling.There again, they may have patient drilling partners. 2. New funds as part of the WED contract - that's entirely out of the hands of the company's management. What hasn't been disclosed is the timeframe when the minimum $10m is to be 'committed' by WED. The WED contract in gross numbers appears attractive but whether it will get the company over its liquidity hurdle in the short to medium term, only time will tell. The company says: "this arrangement has the potential to create value for Magnolia because using US$500,000 of WED’s funds we conducted a pilot investment programme which generated a rate of return of 100%; a return on investment of 3.26 times; US$75,500 in value to date for Magnolia (lease bonus plus a carried interest for 25% in the first well, within each spacing unit); and US$127,982 uplift in the PV9 value of Magnolia’s reserves. Extrapolate the above based on the minimum US$10 million WED has committed under the agreement and the value on offer is there for all to see." The return of $75.5k is in 'value' but value is not the same thing as actual cashflow. They get an acquisition fee of $500 per acre secured; a 1% maintenance fee of the value of WED capital deployed ($5k for every £500k deployed) and a 25% carried working interest in the first well of a spacing and a portion of the net revenue on a sliding scale. Of the carried interest in the last well update (Gilchrist) WED and Magnolia's combined interest was reported by the company to be 1.57% and the company's share is 25% of that i.e. 0.3925% or less than half of one percent and quiet minuscule - albeit at no cost to the company. 3. Any new placing would need to see a significant turn-around in the share price first if the company wants to avoid further dilutive effects. It will be interesting to see how this strategy develops in the near term and the annual accounts should make for interesting reading if there are no significant announcements in the meantime. All in all, this seems to me to be a very risky and speculative investment.
failedqs: Area44 - I'd say that sleeven is correct here, magnolia is finished. Looks like Rita has sucked the lifeblood out of the company and the last few fundraisings have done little more than prolong her gravy train.It didn't turn a profit when times were good, so why would it now?One thing that you should bear in mind, Steven Snead decided to accept a huge discount to the share price to get rid of his huge shareholding, and he knows exactly what the prospects are....I'd also say, I was a holder from the floatation but could see the writing on the wall and sold out a couple of years ago. I see no reason to buy back now with the shares about 96% lower than when I sold.Don't get too attached to a share - look at it logically.Magnolia is totally and royally screwed.
failedqs: Wrong.......They are buying the shares at 0.06p.They are issuing NTOG shares as part of the deal at 2.5p, that's nothing to do with the MAGP price.
lord gnome: Interesting find reallyrich. I wonder if any of our so-called regulators know about this. Makes you wonder if the share price was manipulated all the way up to 5p. Do we know who bought all the wells divested by MAGP last year?
lord gnome: Still beating the drum Fletch? I don't think anyone is left to listen. Judging from the share price everyone has already gone for the exit. If you are the last man, then please shut the door as you leave.
r g fletcher: Investors are being warned about putting money into fledgling firms as nearly one in ten have seen their share price drop by 90 per cent. Small, new businesses are attractive as their low share prices have the potential to rise quickly. However, companies are more likely to fail in their early years. "Could have been written with MAGPISH in mind!!"
r g fletcher: So whats happening with the MAGP share price today ...anyone ?
colinvest: UBS' Weiss credit-rating is a "D", just slightly better than the "D-" of the Cyprus banks! People may not know of the UBS Weiss-ratings, but Weiss are totally trustworthy and 'THE' top ratings' agency. They are 'private' and not influenced by 'vested-interests'. So earlier postings about UBS being 'in trouble' are pretty near the mark, and it is no wonder that they need to liquidate as much tangible security as possible in the most orderly way, - i.e. to dump 130 million shares in one go at a later date would create havoc with the MAGP share price, and indeed with any other company holdings they might have. So hopefully there are not many more shares for UBS to liquidate in MAGP, like 2-million earlier this week at 2.88p, before which the spread-betting quote was 'telephone-only'. With the selling pressure off, the share price has more of a chance to be re-rated on Rita's recent announcements. Hopefully any one of North Korea's nuclear missiles is not aimed at the Bakken, which, IF it reached that far, would have negative implications on all companies with interests in that area ... so here's hoping that the Fat Paranoid Prat, Kim Jong Un, will be taken out sooner that later, so that 'normal service can be resumed' ...!! Happy Easter ...!
Magnolia Pet share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:32 V: D:20180224 08:19:14