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musicMagpie

January 2024

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.

MMAG’s pre close update for the year to end November said that a record Black Friday period has helped off-set the softer H1, with overall sales expected to be £136.6m. Consumer technology revenues for H2 were +7.5% at £95.4m at a better gross margin of 27.7% (2022: 26.2%). As a result of tight cost control, EBITDA is expected to be up 15% at £7.5m (2022: £6.5m). The number of active Rental subscribers grew by 6.6k or 21% to 37.1k. Rental revenue was £8.3m, up 57%, whilst investment in the rental assets resulted in net debt of £13.1m, against a total facility of £30m. I will be surprised if a bidder doesn’t show up before long. ...

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Braemar

SDI Group

musicMagpie (December 2023)

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

musicMagpie (August 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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