Market's view on Musicmagpie
Published on April 2024
- Stock watchers are concerned about the company’s financial stability due to its net debt being double its market cap.
- There is speculation about the potential for a buyout, with rumours suggesting an offer could significantly exceed the current share price.
- Some stock watchers are optimistic about a substantial stock price increase, hinting at a rise up to a specific share price point.
- The company is perceived as undervalued by some, with expectations of improved performance.
- Concerns are mentioned about the company possibly needing to raise funds, which could be problematic given the current low share prices.
- The company’s revenue and market cap discrepancy is highlighted, noting a turnover significantly higher than the market cap.
- The efficacy of unfranked barcoded stamps sold on eBay is discussed, with implications for resellers following a scandal involving the post office.
- Comparisons are drawn between the company and others in terms of revenue and net profit generation.