By Tom Winnifrith | Wednesday 2 March 2022
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.
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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