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MusicMagpie - Exciting new issue in recommerce space

June 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MMAG
  • Price:
  • 194p
Last month the UK Government signed up to an ambitious target to reduce carbon emissions by 78% by 2035 compared with 1990 and one way it hopes to achieve this is to recycle 65% of all municipal waste by 2035. With electronics accounting for up to 70% of landfill’s toxic waste, one new issue hoping to tap into this recycling zeitgeist is MusicMagpie, dubbed the lazy person’s eBay because it allows you to mail in your old phones, personal computers, and even CDs and DVDs instead of spending your time finding a buyer through online marketplaces. CEO and co-founder Steve Oliver who I met over the month, has grown sales like a rocket from £0.5m in 2008 to £64m in 2012, £115.5m in FY’18 and &poun ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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