UK 17:28 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Inspector Clouseau or the Keystone Cops could work out the patterns of the great Magnolia Petroleum (MAGP) investor muggings. It's simple: CEO lovely Rita works out that Magnolia is almost out of cash. So she puts out a ramptastic press releases puffing up some meaningless and worthless garbage. Savants from the LSE asylum buy a few shares, the stock goes up and, whichever spiv broker is in-situ at the time, gets a discounted placing away. Six months later...rinse and repeat. And thus yesterday Magnolia issued an operations update. Great. Ramptastic.
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