Boring_Bernie
26 Apr 2019
Mission Marketing Well, since the results back on the 9th April, Mr Market seems to have woken up to the slow’ish, but steady Eddie that Mission is. Headline profits were up between 20 and 25%, depending on what measure you choose to use, and, while I wouldn’t expect that to be repeated in 2019/20, and would expect growth to be more like 10 to 15% … at today’s sp of ~79p and forecast eps of ~9.5p Mission still looks a tad undervalued. Chuck in an anticipated divi of 4 to 4.5% and it’s hard to see a reason not to be a solid hold here at the moment. BB
freedom-thirty5
04 Dec 2018
Interims - 2018 Cheers, Bernie. Not many people left on this site, thanks to the catastrophic teardown and removal of all the useful features. TMMG has popped up on my radar recently. Awaiting a buy opportunity.
Boring_Bernie
29 Nov 2018
Interims - 2018 Well, it might be only a temporary thing, presumably caused by someone buying in, but the sp has risen nicely recently ( mid price is ~ 62p as I type ), which is nice. If any Mission holders are left on this site, then Edison released a positive note a couple of weeks ago at [link] I have my fingers crossed for a continued re-rating and have a 12 month target of 75 to 80p BB
Boring_Bernie
19 Sep 2018
Interims - 2018 These seemed pretty good to me, and a bit better than what I’d expected after the fairly brief trading update in July. You can take your pick on what level of profitability increase you want to pick out of the results, but it’s probably fair to say that the underlying value is in the order of 20%. So far, for what seems like decades, but is probably only two or three years, the market hasn’t really gone out of it’s way to agree with me on Mission, and, since I bought in, sp appreciation hasn’t followed the increase in profitability, so the divi’s been a bit of comfort, but I’m hoping the market will eventually come to recognise what’s happening here, so I averaged up a bit this morning BB
thirty fifty twenty
23 Apr 2018
at 48p - feels like 5 year chart break out on volume price action has been very strong since the resultsthere was a dip in the share price to 44p the second day after the results as maybe Paul scott and his followers offloaded.but those shares have been very easily absorbedi;ve tried to buy on line today but no volume available and price inching higherit very muhc feels like a price pop about to happenwhcih will confrm a 5 year chart break time will tell. All IMHO, DYOR + BoLTMMG is in my top5 hldgs
thirty fifty twenty
10 Apr 2018
Re: Good and bad i think overall much more good than bad.the relentless reduction in debt over 8 years is very positve,but the most positive for me was for them to predict a strong year ahead,and that is despite the economic headwinds.i think that they dont say this unless they know they have the results in the bag (even at this early stage of the year!)they also confidently predict a significant growth in margins,so they must be confident of some significant back office savings.i think the contract to promote the UK after BREXIT is also very significant,not only will it be huge business but i think it must make it easier for them to persuade other clients to move to them. Maybe it is this that gives them confidence for the future.I don't fully understand their IP but others mention it as being a valuable item for them.I see that Paul Scott has sold his holding which was published this afternoon so i think that has encouraged others that follow him to offload later in the day. His points are very valid of course but i think he is now taking a conservative stance for his portfolio and 'pruning' several holdings. Regardless I am happy with my own analysis and knowledge of the company. And backed by a strong chart that has shown good outperformance in recent months. All IMHO, DYOR + BoLTMMG is in my top5 hldgs
JimmyZoid
10 Apr 2018
Good and bad Good- Results- Headline figures - Dividend uplift- (Fabulous) free cash flow- Debt reductionBad- Share price reaction (yawn - as always) - somebody must know something I don't- Note emphasis on headline figuresUntil proven otherwise - am convinced this is a strong buy. If nothing else the exceptional cashflow supports my case - surely!?
thirty fifty twenty
10 Apr 2018
at 46p great results results are very strong (again)but most unusually they state plain and simply that there are confident of a strong 2018!so that implies EPS of 8p+ and a 2p dividend.debt , including deferred payments is < 1t ebitdaand they now have the supports of London base, new acquisition, DofE 'brexit promotion' contract, and developed IP.as before a price rise > 48p would be a MAJOR chart breakbut the price action for the previous 6 monhts do indicate a bubbling of interest to me.quite likely to be tipped by Simon T in the ic which will highlight value etc...All IMHO, DYOR + BoLTMMG is in my top5 hldgs
thirty fifty twenty
04 Apr 2018
at 41p looking forward to results the price movements at TMMG have been very steady since the start of the year.normally the results are out late March so i hope the delay to 10 April,is because they can show better news on CASH flow and lower debt,or maybe some progress on the Brexit Roadshow contracttime will tellAll IMHO, DYOR + BoLTMMG is in my top5 hldgs
thirty fifty twenty
07 Feb 2018
volume buys at 46p i wonder who is buying at 46p today??seems a high price and yet with the volume today and yesterday,it seems as if despite all the market turmoilsomeone is keen to get hold of TMMGthe 200d upward trend has held again so it is very positive chartTMMG is a very under valued business by the stock marketbut it makes CASH year after year and the outlook for 2018 is brightfrom price trading over the last 6 months it feels to me as if something is bubbling under the surfacetime will tell and in the meantime there is chart support at 42pand a near 5% divi yieldAll IMHO, DYOR + BoLTMMG is in my top 5
thirty fifty twenty
26 Jan 2018
Investor Chroncile tip of the year I reckon there is a 50/50 chance this will be one of ST's picks next weeklet's hope so....
thirty fifty twenty
25 Jan 2018
>48p is a HUGE chart buy signal at 46p WOW I think this is a great trading update.Results are in line – this is a relief given the normal nervousness re H2 weighting.CASH flow has been great, again, with debt now down to < 7.5m and historically they have very good CASH collection in the first few months of the year so when the announce their full year results I would expect Cdebt to be lower again. That is the lowest debt position for 7 years despite growing turnover by c.50%! AND, they remain committed to achieving 14% margins – that is a 20% jump in profitability from current levels and yet they are still achieving 4% LFl growth!! The reduced debt has lower the interest charge by over 20% so with good sales growth, and profitability improvements ahead it looks like TMMG could achieve 25% EPS growth for the next 2 years. They have now achieved 7 years of growth but feel confident of another 2 years ahead… and yet EPS to Dec 18 = 8p with a 2p divi. I also make that EBITA of 11m which is equal to c.14p a share!! With minimal debt and a great CASH flow record. As before >48p is a HUGE chart buy signal All IMHO, DYOR + BoLTMMG is in my portfolio (has been in and out for 7 years!)
whatsupnow
25 Jan 2018
Valuations by Edison The mission continues to trade in a range of 39.5-50.5p, representing a substantial discount to other quoted small- to mid-cap marketing/communications businesses. The current price puts it on an FY18e EV/EBITDA of 4.4x, compared to the small/ mid-cap media sector at 8.0x, a 45% discount; on a P/E basis its multiple of 5.8x compares to peers at 11.4x. The sizes of these discounts are difficult to justify given the earnings and dividend growth and the improved state of the balance sheet.
thirty fifty twenty
10 Jan 2018
at 46p + 6p in 3 days!! after a surprisjng fall back pre Christmas,the price is bounding ahead in recent days,on decent volume.defo feels to me like something happening in the background,and if there is a trading update it will bring positive news.a price rise above 48p is VERY significantand could see 100p being realised over a couple of years!!all IMHO, DYOR + BoLTMMG is in my top5 hldgs
Boring Bernie
13 Oct 2017
Re: at 48p MAJOR contract and cart break 30-50-20Thanks for that, I must admit hadn't noticed the contract win, and wondered why the sp was going up !Although it's not worthy of an RNS, it does sound pretty positive[link] )
