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MMAG Musicmagpie Plc

-0.75 (-4.76%)
29 Nov 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Musicmagpie Plc LSE:MMAG London Ordinary Share GB00BKY4XG48 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.75 -4.76% 15.00 487,601 16:05:02
Bid Price Offer Price High Price Low Price Open Price
14.50 15.50 16.25 15.00 16.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Catalog, Mail-order Houses 145.28M -4.74M -0.0439 -3.42 16.17M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:49 O 100,000 15.00 GBX

Musicmagpie (MMAG) Latest News (1)

Musicmagpie (MMAG) Discussions and Chat

Musicmagpie Forums and Chat

Date Time Title Posts
28/11/202308:13*** MUSIC MAGPIE ***1,207
09/1/202312:28Music Magpie 2023 1
25/4/202214:47Music Magpie3

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Musicmagpie (MMAG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Musicmagpie (MMAG) Top Chat Posts

Top Posts
Posted at 29/11/2023 08:20 by Musicmagpie Daily Update
Musicmagpie Plc is listed in the Catalog, Mail-order Houses sector of the London Stock Exchange with ticker MMAG. The last closing price for Musicmagpie was 15.75p.
Musicmagpie currently has 107,772,020 shares in issue. The market capitalisation of Musicmagpie is £16,435,233.
Musicmagpie has a price to earnings ratio (PE ratio) of -3.47.
This morning MMAG shares opened at 16.25p
Posted at 27/11/2023 15:36 by peteret
No buyer next move share offer to raise cash with share dilution.
Posted at 21/11/2023 08:57 by mortal1ty
The falling share price tells you what you need to know.

1) the city thinks the bid isn't happening.

2) what follows will be a cash crunch.
Posted at 21/11/2023 08:32 by john09
Has anyone seen any news? Perhaps the sale price is becoming known

Not a holder here but interesting developments
Posted at 20/11/2023 15:42 by smurfy2001
They always offer me the best price for my near 1 yeard old iPhone 😁 been using their Kiosk for a few years now.
Posted at 20/11/2023 10:09 by blackhorse23
BT will not enter 2nd hand phone shops to downgrade its business model. If BT wants to buy CURY yes possibility but not MMAG . Not a chance lol MMAG is creating rumours & it's classified as zombie company in LSE board lol
Posted at 31/7/2023 15:46 by darrin1471
simmsc, you are buying into a shrinking business who are trying to change into a new business.
H1 23 revenue £61.9m
H1 23 rental revenue £4m. "Entered H2 2023 with c£4.0m contractually committed forward revenue" before growth.
Books and media revenue was -£4.4m. Gross profit - £1.885m
Consumer technology sales were -£6.6m

I think the rental business is a good idea but it is a tiny part of MMAG at the moment. The finances to grow rental are coming from borrowings rather than cashflow from the legacy businesses.

CT could return to growth but it is a very competitive, low margin business with low barriers to entry.

MMAG buys a used phone for £100, spends £20 on refurbishment then sells it on for £160.
What price is the rental business paying for the phone? £160 and CT makes a profit of £40. £120 and CT sells the phone on at cost?

At what point do books and media become unprofitable? What is the potential write off of stock, fixtures and fittings?

I have no position in MMAG but keep on watching
Posted at 16/7/2023 10:02 by flc
You can see why MMAG got the valuation it did at IPO. The trouble now is that too many punters are discounting it based purely on figures, classing it as a 'junk yard' stock and without fully appreciating the size of the cake.

Anyone remotely interested in looking at the potential should read the following link about their US counterpart ecoATM:

Cowen on Nasdaq took a significant minority stake for $200m in 2020 to help widen the kiosk footprint globally including the UK. They now have well in excess of 5,000 kiosks including sites across the Walmart network in the US.

When you consider that the Asda SMARTdrop roll out now accounts for over 45% of MMAG's consumer tech sourcing it doesn't take a genius to see what's happening and taking a hike in debt to expand this area of the business is small fry compared to the bigger picture.

I would have thought ecoATM will be watching MM very closely especially now that they have already taken a large slice of the UK retail network. What do they do?..partner, compete or acquire? who knows..but something is certain..MMAG's market cap currently seems ludicrously on the low side.

DYOR on this but the landscape is changing and whatever anyone says about's only going to get bigger.
Posted at 06/6/2023 06:10 by flc
Agree peteret, we partner with MMAG and the quality of the gear, distribution and after sales is excellent. The BOD are decent and very switched on and despite the slump in the share price it's actually a very good business.
Posted at 02/6/2023 19:41 by peteret
Blackhorse when you first started to recommend harl on this board they were 17.5p now they are 13.6p despite new orders.They don't have the finances to meet these orders and are laying off staff.Stick to the harl board as you have previously told us you don't hold any mmag now.Though if I were you I'd sell harl and buy mmag with a tu in a couple of weeks the share price is bound to rise.I bought a refurbished phone and some DVDs from mmag recently and both were great and arrived speedily.
Posted at 06/12/2022 02:29 by lthtrust
I believe that MMAG were oversold following the trading update RNS on the 26th September. The update was not great but it did not warrant the share price collapse at the time. The share price has now almost recovered to early September levels, the share price has a way to go to recover to the August 50p levels though.
Musicmagpie share price data is direct from the London Stock Exchange

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