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musicMagpie (AIM: MMAG)

Last close As at 20/11/2024

GBP0.09

▲ −0.15 (−1.69%)

Market capitalisation

GBP10m

musicMagpie is a circular economy pioneer in refurbished consumer technology and media in the UK and United States. It is expanding its offer into rentals of smartphones and other technology to consumers and corporates, and widening its sourcing infrastructure.

For the purposes of the Takeover Code, Edison is deemed to be connected with musicMagpie as a provider of paid-for research. Under Rule 20.1 Edison must not include any profit forecast, quantified financial benefits statement, asset valuation or estimate of other figures key to the offer, except to the extent that such forecasts, statements, valuations or estimates have been published prior to the offer period (as defined in the Takeover Code) by an offeror or the offeree company (as appropriate) in accordance with the requirements of the Code. Consequently we have removed our estimates until the offer period ends.

Latest Insights

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Consumer | Flash note

musicMagpie — Strategically positioning for profitability

Consumer | Flash note

musicMagpie — Focus on profits and cash in FY23

Consumer | Flash note

musicMagpie — Record Black Friday and improving profitability

Consumer | Outlook

musicMagpie — heretoHelp
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Sector

Consumer

Equity Analyst

Russell Pointon

Russell Pointon

Director of Content, Consumer and Media

Key Management

  • Ian Storey

    COO

  • Matthew Fowler

    CFO

  • Steve Oliver

    CEO

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (0.6) 65.7 (62.5)
Relative 2.9 69.9 (65.3)
52 week high/low 19.8p/5.2p

Financials

musicMagpie has confirmed that BT Group and Aurelius Group no longer intend to make an offer for the company. musicMagpie remains in the offer period as it continues to seek potential buyers.

Y/E Nov Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2022A 145.3 6.5 (0.9) (0.77) N/A 1.5
2023A 136.6 7.5 (4.2) (3.30) N/A 1.4
2024E N/A N/A N/A N/A N/A N/A
2025E N/A N/A N/A N/A N/A N/A

Research

Update

Consumer

musicMagpie — Weak Technology outright sales

Update

Consumer

musicMagpie — Management optimistic about growth initiatives

Consumer

Update

musicMagpie — FY22 in line with management’s expectations

Initiation

Consumer

musicMagpie — Buy more, sell more, rent more

QuickView

Consumer

musicMagpie — Diverging trends in H221

QuickView

Consumer

musicMagpie — Delivering on financial and strategic goals

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