musicMagpie (AIM: MMAG)

Last close As at 28/02/2024

GBP0.10

0.00 (0.00%)

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

View More

Consumer | Flash note

musicMagpie — Record Black Friday and improving profitability

Consumer | Outlook

musicMagpie — heretoHelp

Consumer | edison tv

musicMagpie – executive interview

Consumer | Update

musicMagpie — Margins improving despite volatile trading

Sector

Consumer

Equity Analyst

Milo Bussell

Associate Analyst, Consumer and Media

Russell Pointon

Russell Pointon

Director, Consumer

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 (9.1) (39.4) (75.1)
Relative (9.5) (41.2) (74.3)
52 week high/low 39.8p/9.0p

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)
2021A 145.5 12.2 7.9 6.70 1.5 0.8
2022A 145.3 6.5 (0.9) (0.77) N/A 1.8
2023E N/A N/A N/A N/A N/A N/A
2024E N/A N/A N/A N/A N/A N/A

Thematics

thematic

Consumer

ConsumerWatch – At least someone loves me

thematic

Consumer

ConsumerWatch – Falling into the fall

thematic

Consumer

ConsumerWatch – Making the most of the summer

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