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musicMagpie

August 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Little by little, MMAG’s chief executive Steve Oliver continues to grow the company’s smart phone rental offering - it’s Oliver’s “pension plan,” as once added rental income is repeat in nature - and the company has now grown to 39k active subscribers. During the month I caught up again with Oliver, after MMAG’s H1 results, which showed that after a quiet Q1, impacted by postal strikes, things picked up in Q2 and the strength continued into Q3. The headline sales decline of 13% to £62m was due to a faster decline in second hand DVDs and computer games (down 17% to £21m vs Oliver’s own expectation of a 10% revenue decline). Consumer Technology (CT) also saw sales down by 11% to £41m due to a cannibalization effect of rentals affe ...

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GB Group

THG

musicMagpie (January 2024)

musicMagpie (December 2023)

musicMagpie - “Buy more” gets a leg up with start of shopping centre rollout (September 2023)

musicMagpie (July 2023)

musicMagpie - Rental now £4m+ of gross profit (April 2023)

musicMagpie - Starts selling on Walmart.com (February 2023)

musicMagpie - Rental metrics awaited (December 2022)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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