Keyword results: musicMagpie

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musicMagpie – why must banksters find new ways to lose money?

The answer to the question is that they don’t because the old ways of blowing up their balance sheets already work jolly well.  And that brings us to musicMagpie (MMAG) a company with a proven fraudster one missed heartbeat from the helm, which has no real USP, which has deceived its investors and is burning cash. Great! That sounds like just the sort of company a bankster would want to do business with as we enter a recession. Coke and hookers all round. Today we learn that NatWest and HSBC have offered it a three year RCF, an overdraft for corporates And boy will music need that cash.

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Bearcast
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Tom Winnifrith Bearcast: will ASOS ever again generate cash?

I describe Thursday morning for me and Jaya, including a stop-in with my parents-in-law.  This is relevant, as I discuss what my mother-in-law was watching on TV. I look at the house price bubble, the Bank of England, and interest rates. Then, I touch on THG (THG); ASOS (ASC); Sosandar (SOS); Zephyr Energy (ZPHR) - get your wallet out, Cliff; Wildcat Petroleum (WCAT); Kinovo (KINO); and Boohoo (BOO). I also discuss the notion that MusicMagpie (MMAG) has a list of "spiffing institutional inveestors", and that this will save the company. It won't.

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MusicMagpie shows why bullshit earnings are bullshit earnings in piss-poor H1 trading update

The company whose COO - who still oversees finance - is a historic fraudster, has served up yet another piss-poor trading update; it misses critical detail on the (lack of) cash front.

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Peel Hunt – full-year results, ANOTHER AIM IPO Roll-Call of Shame...

Mid and small cap broker Peel Hunt (PEEL) has announced results for its year ended 31st March 2022 including emphasising “good progress against our strategic priorities”. So of what the shares currently down to 114p, a £140 million market cap?...

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SHOCKING: Made.com – another disastrous 2021 IPO unravels – is anybody on the board not resigning?

It is only ten and a half months since online furniture seller Made.com (MADE) listed on the Main Market, raising £100million by issuing new shares at 200p while existing shareholders lobbed out a cheeky £90 million of stock onto gullible institutions. Today, after a dismal profits warning, the shares are just 56p to sell. Meanwhile another rat has left the sinking ship as it burns through its ill gotten IPO gains ever more rapidly.

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In the coming recession no hope if no moat

I suspect that very few investors and surprisingly few PLC directors have any idea what a recession looks like. For starters most folks in both camps are rich but in a recession, it is the poor or lower middle classes who get whacked hardest. That is especially so when it is an inflationary recession as those lower down the order tend to have the least ability to “play catch up” by forcing through pay rises. And secondly you have to be of a certain age to remember a savage inflationary recession as an adult – the last one was ended with some fairly painful medicine by the blessed Lady Thatcher forty years ago.

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Bearcast
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Tom Winnifrith Bearcast: I don't know what option would make me more angry

The reference is to the fact that there is only 1 candidate in the local elections where I live and he is a king sized dickhead. From that I move onto interest rates and why they should have been increased by more than 0.25%. Of course we should not be in this inflationary mess anyway. Then it is onto  Vast Resources (VAST), Trainline (TRN), Seraphime (BUMP),Parsley Box (MEAL) and musicMagpie (MMAG). I will try to complete my long promised share purchases tomorrow and to discuss them then.Thank you to all who have donated to Rogue Bloggers for Woodlarks.  We are now at 15% of target but still 97% of Bearcast listeners have yet to chip in. Come on, just a fiver or a tenner: please do donate now HERE. PS The reference to Kirstie Allsop and a podcast is about this one HERE

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musicMagpie to launch on Back Market – the competitor that could not exist: NOT good news

Today, this was announced via RNS Reach, but, surely, it is significant. In a bad way. In its IPO Prospectus of a year ago, musicMagpie (MMAG) said it faced no competition. That was a lie. It already had, in the form of E5 billion, Unicorn Back Market. Today, music states it will also sell its electronic goods on Back.  The financials…

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Spot the April Fool - musicMagpie

Yesterday shares in musicMagpie (MMAG) crashed another 19% to a new low of 42.5p and the end game is very obviously zero as our extensive coverage shows. Inlight of that, can you spot what must be an April Fool below?

Videos: Music Magpie can STEAL from you! Read its T+C's CAREFULLY

Okay, these videos are a little nerdy. But they make the point that, while musicMagpie (MMAG) may bang on about its great reputation and oh-so-clever IT systems, it does piss off a lot of its customers. Many contacted this blogger after he claimed Magpie had used its T&Cs to steal from him. In the end, this will only hasten its inevitable demise.

Bearcast
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Tom Winnifrith Bearcast: The TTF disinvites me and spares the FT's blushes on Woodford

I have today been disinvited from the Woodford TTF event, so if you paid £75 to hear me, ask for your money back. I’m sure the FT’s happy, and I discuss what you will NOT now hear. I also discuss today’s April Fool on ShareProphets - which some of you fell for! Finally, I look at 4D Pharma (DDDD); Verditek (VDTK) – is that the Fat Lady I see?; Eden Research (EDEN), and the issue its auditors will have; and musicMagpie (MMAG), with today’s share price lurch in mind.

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musicMagpie – shares off another 15% and now just 40p to sell – time for a statement?

It is three weeks until the one-year anniversary of musicMagpie’s (MMAG) IPO at 193p – c/o Peel Hunt – when founder shareholders trousered £93 million dumping stock on institutions. Today, the shares are crashing again, off 15% at just 40p to sell. The spread (10p) tells you something is very wrong. So, what is afoot?

ART
ART
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Artisanal Spirits – another shocking 2021 IPO, misleading with FY Numbers

Okay, this is not on a par with musicMagpie (MMAG), or Parsley Box (MEAL), which are both heading for insolvency.  Nevertheless, Nomad Singer should hold its head in shame as reader A flags up Artisanal Spirits (ART)… Hat tip to him. Here’s why.

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Bearcast
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Tom Winnifrith Bearcast: A night of shame for Mello Events, and Skinbiotherapeutics - I'm buying more

I start with Mello Events, which last night exposed itself as a PR promoter, failing to allow any questions about the elephant in the room: musicMagpie(MMAG).  Then to Optibiotix (OPTI) and Skinbiotherapeutics (SBTX), after today’s news from the latter. I have spoken to both Steve O’Hara and Stuart Ashman. As Les points out in the comments section, the silver lining for you is the postponement of my retirement – but not for long. The market has over-reacted: long-term, these two companies will subsidise the goat farm, as I explain in detail.

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A challenge for David Stredder and Mello Events - musicMagpie

So, David: do you want the audience to learn anything, or are you a mere PR man for low-grade corporates?  Tonight, musicMagpie (MMAG) is presenting at Mello Events, and you can bet that it will not discuss how, shockingly, it deceived investors about real competition in its IPO prospectus; or how its CFO-turned-COO was a serious fraudster.

Bearcast
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Tom Winnifrith Bearcast: Fraud is a sign of the times

I start with an apology for yesterday’s downtime, explaining what happened. Then I look at the musicMagpie (MMAG) saga, and why what I have discovered is so utterly damning. I also discuss today’s expose on paid social media influencers HERE. Regarding that, HERE is where the SEC did what the FCA should be doing, but I fear will not unless we enter a prolonged bear market where many lose cash.

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Notes from Underground – Most read articles for the week ending 26 March 2022

These are the most-read articles and most listened-to Bearcasts of the week. The most read non-Tom story is Centamin – 2021 FY Numbers And Dividend: Is It Now A Sell? by Nigel Somerville at Number two or Number four if you include Bearcasts.

You'd almost think Peel Hunt was up to no good - musicMagpie share price

musicMagpie (MMAG) clearly needs a bailout placing to survive. There is only selling ( apart from spoof boardroom trades) so the shares should be heading lower. But one market maker is holding the price up.  Others clearly would not touch this with a bargepole given what we have exposed here this week.  So which market maker is holding the price up?  Hint….

Bearcast
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Tom Winnifrith Bearcast: should I sack the dishonest Welsh worker, part 2

Yesterday all of you said i should sack him. But the sad old geezer has texted me today. I relay what he wrote and ask, in today’s edition of the Moral Maze, if I should still sack him? The answer I think you will give, bears direct relation to both musicMagpie (MMAG) and Advanced Oncotherapy (AVO) which I discuss. I also cover Petropavlovsk (POG), Amala Foods (DISH), Zak Mir, Richard “Nobody Likes me and I do not care” Jennings and Lift Ventures whose IPO seems not to be quite as “imminent” as Zak told us it was two months ago.

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KERBOOM! musicMagpie going to zero, Part 4 – its business is being crushed

The last two businesses of musicMagpie (MMAG) boss, Steven Oliver, went bust, leaving unpaid bills of c .£8million. But he had excuses ready, for this was nothing to do with management incompetence. Oh no! It was all to do with bastard banks pulling the plug, and macro trends crushing his business model. Ring any bells yet?

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AOM
AOM

What does ActiveOps have in common with the dogs musicMagpie and Parsley Box?

Young Steve has already written up today’s disastrous lack of profits warning from ActiveOps (AOM) but he misses out a key point with the shares now 97.5p. The fine firm responsible for this listing as Nomad and Broker was Investec. I wonder how much it earned.

Bearcast
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Tom Winnifrith Bearcast - should I sack another worker here in Wales?

I give you the circumstances and ask should I sack this old bloke? I can see no reason not to even if it forces me to have to learn how to slate. Then I look at BlueJay Mining (JAY), musicMagpie (MMAG), McColls (MCLS), and the almighty joke that is Standard Listed Fragrant Prosperity (FPP) which is, as I explain, worth less than nothing.

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musicMagpie going to Zero part 3 - its COO's history of fraud, Ian Storey's CV

Ian Storey was the CFO of musicMagpie (MMAG) from March 2015, becoming the COO when this company joined the AIM sewer last April.Are investors fully aware of his history of cooking the books at one of the biggest FTSE frauds of the past two decades?

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Bearcast
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Tom Winnifrith Bearcast: Surely Dignity has to refinance and it will not be pretty

I start by explaining why my next musicMagpie (MMAG) article was delayed until tomorrow. It is all to do with a Greek, a lorry and a shortage of bubblewrap in Wrexham. I draw your attention to a real share trading oddity at Magpie before heading on to  discuss whether Vast Resources (VAST) or Catenae (CTEA) will go bust first. Finally a detailed look at Dignity (DTY) where that combination of zero earnings visibility, past overcharging of punters and a wreck of a balance sheet spells even more gloom ahead. 

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The mystery of the Music Magpie Twitter account

Here’s a Music Magpie (MMAG) oddity: the company has deleted its Twitter account. Why? We can only speculate. But given other matters it is hardly encouraging is it?

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Musicmagpie - the corruption of the deadwood press, just lying to its readers!

It is almost as if reporter Jon Robinson from Business Live was taking dictation from PR fluffies Powerscourt as he reported on boardroom share buying at musicMagpie (MMAGhere.  Claiming the bosses were “doubling down” by buying £300,000 of shares at 52.5p is “doubling down” when, as I pointed out HERE, the same bosses had sold £15.7 million worth of shares at the IPO less than a year ago is just 100% misleading. It gets worse…

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musicMagpie Going to Zero Part 2 – the response, it's 'avin'a giraffe

Yesterday I explained very clearly how musicMagpie (MMAG) had lied to investors in its prospectus and that lie was at the heart of the reason why the company will eventually, like the two previous businesses of CEO Steven Oliver go bust.  There was a response, of sorts at 3.50 PM.

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Bearcast
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Tom Winnifrith Bearcast - the last ever recorded in Shipston

I explain why and about a bit of a mishap as I left Wales. The it is onto musicMagpie (MMAGafter this piece earlier,  Parsley Box (MEAL),  Chill Brands (FRAUD), Online Blockchain (OBC), TrustPilot (TRST) and Knights Group (KGH). After my enforced training walk thismorning you can donate to Rogue Bloggers for Woodlarks HERE on the news of our new star walker

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BREAKING: Music Magpie a zero explained: Part 1 the IPO Monster Lie

Amazingly Music Magpie (MMAG) is one of the three most recognised names in e-tail but that is all in the past. Since its IPO at 193p in April of last year it has all been downhill and at 62.5p the shares now have just another 62.5p to lose. This is a zero in waiting and in a multi-part series starting today I shall explain why…

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Bearcast
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Tom Winnifrith Bearcast: 3 dogs and an arse

In today’s podcast I look in detail at Deepverge (DVRG) whose CEO Gerry Brandon is a 100% arse and whose most recent RNS is utterly deceptiive. I also look in detail at musicMagpie (MMAG) where a placing will be messy but is a slam dunk cert if the Fat Lady is not to make an appearance and at Cineworld (CINE) which remains a slam dunk short. 

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Bearcast
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Tom Winnifrith Bearcast: Luke Johnson and the upper class twit of the year

I start with a look at 5 duff IPOs and the questions folks did not ask: Peel Hunt (PEEL), musicMagpie (MMAG), Nightcap (NGHT), Parlsey Box (MEAL) and THG (THG). Then onto Russian stocks crashing and Eurasia Mining (EUA) delaying its own downfall but only pro tem. Finally a look at Marechale Capital (MAC) backed by my friend Luke but run by the Upper Clas twit of the year. What is Luke thinking of? I run through hard numbers.

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musicMagpie – another 2021 example of IPO greed and institutional stupidity...and the pain is only just starting

Last April 15 musicMagpie (MMAG) joined the AIM sewer at 193p. Today, after publishing its first annual results, a tale of disguised cashburn and a deteriorating outlook the shares trade at just 112p.This is another example of the greed and stupidity of the 2021 IPO bull market. This time it is Peel Hunt which should hang its head in shame.

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