Share Name Share Symbol Market Type Share ISIN Share Description
Magnolia Pet LSE:MAGP London Ordinary Share GB00B1G3RY22 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% 0.095p 0.09p 0.10p 0.095p 0.095p 0.095p 0 07:45:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.0 -1.3 -0.1 - 1.66

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Date Time Title Posts
28/7/201711:23Magnolia Petroleum Plc 2013, for the serious holders1,672
04/9/201410:38why to BUY and HOLD in Magnolia Petroleum (MAGP-
21/1/201413:16Test2
12/12/201310:10Magnolia Petroleum Plc602
12/9/201310:51Step Up in Revenues from Highly Prospective Magnolia Petroleum PLC4,503

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DateSubject
19/8/2017
09:20
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 0.10p.
Magnolia Pet has a 4 week average price of 0.09p and a 12 week average price of 0.07p.
The 1 year high share price is 0.16p while the 1 year low share price is currently 0.05p.
There are currently 1,751,458,563 shares in issue and the average daily traded volume is 637,856 shares. The market capitalisation of Magnolia Pet is £1,663,885.63.
24/6/2017
12:54
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.
30/5/2017
14:00
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.
17/1/2017
08:22
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?
14/7/2016
08:37
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.
24/12/2014
10:24
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!!"
23/12/2014
13:44
r g fletcher: This company is obsessed with promoting the share price. Why? It needs cash. The website blasts out the homepage message “dedicated to maximising returns”. Really – we will turn to cashflow generation later. There is invariably a converse relation between delivering returns and issuing large numbers of RNS releases. With 45 RNS releases in the past year – almost one a week – Magnolia must win some sort of record. It is a wonder that it has time to do anything else since it is so busy drafting releases.
22/9/2014
20:51
r g fletcher: Five months ago, Tom wrote this damning assessment of Magnolia Petroleum’s (MAGP) business model and market capitalisation. So far, his view has been entirely vindicated. Despite the howls of protests from Magnolia’s ardent supporters, not to mention the absurd accusations I’ve read over the months accusing ShareProphets of being involved in a shorting conspiracy, I actually don’t think Tom went far enough in his criticism of this company. The business model is not clever and it is not shrewd. If you told American private investors about what this company did, they’d laugh at you. There is a very good reason why this company is listed here, with its American holdings, American directors and American headquarters. And I’m afraid to say that reason isn’t because certain British private investors represent the savviest money in global markets... The business model that Magnolia is pursuing is well established in the United States. The problem is that it cannot work in any meaningful sense on public markets, with the associated PLC overheads. As Tom said, tiny carries in marginal producing wells are freely traded among privately held American companies. Usually the people who buy these sorts of interests are “Mom & Pop” operations seeking to boost their retirement incomes. There must be thousands, if not tens of thousands of such oil wells, the proceeds from which are divided up in this way. There is no getting around this fact and, as if any further warning were needed about what a dire investment Magnolia is, today’s RNS should set alarm bells ringing. It wasn’t that long ago that Magnolia was issuing nearly one RNS a week. It genuinely doesn’t seem to have dawned on some people why this was a sign of trouble. After all, why would a company, with such a great business model, be so desperate to promote itself? Why not simply let the results talk? But letting the results talk has always been Magnolia’s Achilles heel. Magnolia bulls will no doubt say that the significant reduction in the number of RNSs over the last few months is evidence of the company moving in the right direction. Well, if they really believe that, that is entirely their call, but I’d be far more concerned why Magnolia still refuses to issue production figures, especially as it has been so keen to publish Initial Production Rates in the past. I’ve talked about Initial Production Rates before, and for Magnolia’s shareholders these figures have been particularly troublesome in the past. In today’s RNS, Magnolia proudly led with its participation in 155 producing wells. I’m deliberately not going to quote what the company had to say about the IPRs at some of its other holdings, suffice to say I am pretty sure that if we ever do find out the ongoing production rates at these wells in the future, I’d be amazed if it is anywhere near what was initially achieved. At 1.05p Magnolia has a market cap of £9.56million. Tom quoted a target of 0.6p in his original piece. Whether or not the share price falls this low is entirely down to the vagaries of AIM. With this market they way it is, perhaps there are greater fools out there who will even push the price higher. Whatever the case I can’t see any compelling reason whatsoever to hold this stock, no matter how deep in the red your position might be. I’ve been in a similar position myself with a stock and the best thing to come out of owning a share like Magnolia is to learn what not to do next time. This in itself could prove to be extremely profitable in the long run, but don’t kid yourself about the fundamentals of this one. They are an illusion. - See more at: http://www.shareprophets.advfn.com/views/6551/magnolia-petroleum-and-the-danger-of-locking-yourself-into-garbage#sthash.YIlxHyIO.dpuf
12/8/2014
08:46
r g fletcher: Five months ago, Tom wrote this damning assessment of Magnolia Petroleum's (MAGP) business model and market capitalisation. So far, his view has been entirely vindicated. Despite the howls of protests from Magnolia's ardent supporters, not to mention the absurd accusations I've read over the months accusing ShareProphets of being involved in a shorting conspiracy, I actually don't think Tom went far enough in his criticism of this company. The business model is not clever and it is not shrewd. If you told American private investors about what this company did, they'd laugh at you. There is a very good reason why this company is listed here, with its American holdings, American directors and American headquarters. And I'm afraid to say that reason isn't because certain British private investors represent the savviest money in global markets... The business model that Magnolia is pursuing is well established in the United States. The problem is that it cannot work in any meaningful sense on public markets, with the associated PLC overheads. As Tom said, tiny carries in marginal producing wells are freely traded among privately held American companies. Usually the people who buy these sorts of interests are "Mom & Pop" operations seeking to boost their retirement incomes. There must be thousands, if not tens of thousands of such oil wells, the proceeds from which are divided up in this way. There is no getting around this fact and, as if any further warning were needed about what a dire investment Magnolia is, today's RNS should set alarm bells ringing. It wasn't that long ago that Magnolia was issuing nearly one RNS a week. It genuinely doesn't seem to have dawned on some people why this was a sign of trouble. After all, why would a company, with such a great business model, be so desperate to promote itself? Why not simply let the results talk? But letting the results talk has always been Magnolia's Achilles heel. Magnolia bulls will no doubt say that the significant reduction in the number of RNSs over the last few months is evidence of the company moving in the right direction. Well, if they really believe that, that is entirely their call, but I'd be far more concerned why Magnolia still refuses to issue production figures, especially as it has been so keen to publish Initial Production Rates in the past. I've talked about Initial Production Rates before, and for Magnolia's shareholders these figures have been particularly troublesome in the past. In today's RNS, Magnolia proudly led with its participation in 155 producing wells. I'm deliberately not going to quote what the company had to say about the IPRs at some of its other holdings, suffice to say I am pretty sure that if we ever do find out the ongoing production rates at these wells in the future, I'd be amazed if it is anywhere near what was initially achieved. At 1.05p Magnolia has a market cap of £9.56million. Tom quoted a target of 0.6p in his original piece. Whether or not the share price falls this low is entirely down to the vagaries of AIM. With this market they way it is, perhaps there are greater fools out there who will even push the price higher. Whatever the case I can't see any compelling reason whatsoever to hold this stock, no matter how deep in the red your position might be. I've been in a similar position myself with a stock and the best thing to come out of owning a share like Magnolia is to learn what not to do next time. This in itself could prove to be extremely profitable in the long run, but don't kid yourself about the fundamentals of this one. They are an illusion. - See more at: http://www.shareprophets.advfn.com/views/6551/magnolia-petroleum-and-the-danger-of-locking-yourself-into-garbage#sthash.YIlxHyIO.dpuf
30/7/2013
13:30
r g fletcher: So whats happening with the MAGP share price today ...anyone ?
30/3/2013
12:57
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 ...!
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