MusicMagpie (MMAG)

Sector:

Retailers

Index:

FTSE AIM All-Share

 7.15p
   
  • Change Today:
      0.000p
  • 52 Week High: 32.50
  • 52 Week Low: 6.80
  • Currency: UK Pounds
  • Shares Issued: 107.81m
  • Volume: 149,316
  • Market Cap: £7.71m

MusicMagpie FY revenues seen in line with expectations

By Iain Gilbert

Date: Wednesday 07 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Online retailer MusicMagpie said on Wednesday that its full-year financial performance had ended up in line with internal expectations.
MusicMagpie stated that following "cautious consumer behaviour" over the summer and early autumn, November saw increased activity - culminating in record sales during Black Friday week.

Full-year revenues were said to be £144.8m, broadly flat year-on-year, while underlying earnings were also said to be in line with management forecasts.

MusicMagpie also stated that its growing rental service had "a strong year-end", with active subscribers at 30 November up 27% since the halfway point of the year at 30,500.

"Whilst cognisant of the challenging consumer environment and growing cost pressures on both businesses and the consumer, the board remains confident in the group's strategy and in its medium-term growth prospects, underpinned by the growing and differentiated rental proposition," said MusicMagpie.

As of 0915 GMT, MusicMagpie shares were down 1.36% at 25.45p.





Reporting by Iain Gilbert at Sharecast.com

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MusicMagpie Market Data

Currency UK Pounds
Share Price 7.15p
Change Today 0.000p
% Change 0.00 %
52 Week High 32.50
52 Week Low 6.80
Volume 149,316
Shares Issued 107.81m
Market Cap £7.71m

MusicMagpie Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.30% above the market average21.30% above the market average21.30% above the market average21.30% above the market average21.30% above the market average
15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average
Price Trend
94.29% below the market average94.29% below the market average94.29% below the market average94.29% below the market average94.29% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
52.37% below the market average52.37% below the market average52.37% below the market average52.37% below the market average52.37% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average

MusicMagpie Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 37 @ 7.50p
15:40 365 @ 7.50p
15:32 8,919 @ 6.88p
14:57 6,948 @ 7.20p
14:38 6,605 @ 6.87p

MusicMagpie Key Personnel

COO Ian Storey

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