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Musicmagpie Dog’s Dinner results suggests it is teetering on the brink and no bidder is mad enough

By Tom Winnifrith | Wednesday 13 March 2024

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.

There was no mention at all of any possible bid approaches in today’s dog’s dinner results from musicMagpie (MMAG). For a company supposedly in an offer period that tells you everything. Nobody is interested. I have more chance of shagging Cheryl Cole than music does of getting an offer for its equity. And the results show exactly why. According to the world’s greatest expert on this company, “These results, for the 12 months to November 30, make an ideal case study in creative accounting aka turd polishing.”
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