Boring Bernie
23 Sep 2016
Re: today's update Can't disagree with that analysis.As far as the sp goes, Mission has pretty much stagnated for the last couple of years, but, based on today's Interims, I dipped my toe in the water here today.
JimmyZoid
22 Sep 2016
Re: today's update I agree - good figures once again. 67% increase in the dividend is encouraging!I have been adding to my holding for some time and expect the price to rise materially. In the meantime, I am going to enjoy the yield.
Mabuhay
22 Sep 2016
Re: today's update Nice set of figures. Very encouraging
Sambram
22 Sep 2016
today's update Edison view from this morning: "The mission continues to flesh out its offer, scaling up and adding to its capabilities through small acquisitions and start-ups. H116 figures show double-digit growth in operating income, with adjusted EPS ahead 15% y-o-y, solid cash flow and a good step-up in the dividend. A number of high-quality names are added to the client roster, including O2 and Halfords. Greater emphasis is being placed on collaboration between the networked agencies, which should maintain the new business momentum and enable the group to win a greater share of spend from existing clients. The deep valuation discount to sector looks increasingly incongruous."finnCap view this morning: "Once again, the group has produced a good set of interim results in line with our growth expectations. The results confirm that recent acquisitions are continuing to trade well and that global capabilities have been further strengthened. Profit and earnings forecasts remain unchanged, although the 67% increase in the interim DPS results in DPS upgrades. The stock is now yielding 4.1% and sits at an EV/EBITDA of 4.3x, reflecting a significant market discount. Our 60p target price implies 64% upside."both taken from Research Tree
mcescher
28 Mar 2016
Analysis visual report on Mission Marketing Group What do people think of this DCF for TMMG? [link]
thirty fifty twenty
22 Jan 2016
At 42p good trading update Good trading update.Business remains seasonal but strong H2 trading confirmed.year end debt balances higher than last year , but this is due to seasonal nature so expect will reduce by H1 as usual.Think share is nicely placed now for 50p in 2016.catalyst will be confirmation of results, outlook and debt reduction on March 22,and further cash flow confirmation with interim. I expect ST will review positively as well.so its possible 20% upside plus 3% dividend,that's good enough for me in well managed, UK focused business with food cash flow record.All IMHO, DYOR + BoLTMMG IS in my portfolio
thirty fifty twenty
09 Dec 2015
At 42p thoughts on acquisition Market has reacted badly to acquisition,Which is understandable.....No details, no financial and might seem like money spend on chairman's whim....I see it as a classic TMMG sort of deal....it makes sense, it is people based, it is risky and quite possibly expensive.my guess is a c.500k to 1m investment with little current return,and like most of ad agencies CASH spend is money just to stand still....Its good news if TMMG now have links with an industry respected video provider,but it also highlights that they had no exposure to this area before the acquisition,and without it would have been left behind....For me, TMMG is a long term investment,they have demonstrated a consistent long term return on CASH investments,and are obviously compotent at what they do....so I expect the share price to continue to trend upward,with greater volatility depending if it is in favour with pi's....market currently risk adverse,and recent 2 deals whilst they might (time will tell) be good business,give nothing to encourage a new pi the incentive to start buying TMMG.I think at 42p, TMMG is at bottom of range and supported by chart levels,but expect it will take positive outlook in the January update to get the price up above the 50p level that I'm expecting in 2016.All IMHO, DYOR + BoLTMMG is in my portfolio
thirty fifty twenty
05 Oct 2015
at 46p - positive trading patterns TMMG share price seems to have cleared a few sellers and is now showing a little underlying strength...I've a feeling we will see 50p+ before too long......Interesting article in ic this week re sports marketing.TMMG have a new agency which I think has gone unnoticed by the market.For an 'investment of a few hundred thousand probably already absorbed into company forecasts for the year, the new business has been launched into a strongly growing market with some predicted clients wins and a possibility to get some of the churn comes with the acquisition of Chime by WPP. As well as the fact that this sports marketing could easily add 500k to profits within 3 years, I think it shows the entrepreneurial nature of management.Which is time will continue to erode the discount it currently has to its peers.All IMHO, DYOR + BoLTMMG is in my top5 hldgs
thirty fifty twenty
24 Sep 2015
at 45p opportunity or catch? TMMG results today ...All figures were up in double digits - sale, profit, eps and dividend.they say all good. Quote: "profit up, debt down - just the way we like it!"the new mgt team came on board in 2010,they had an emergency rights issue to get debt under control,and since then have grown steadily.. 8% p.a. in EPS over 7 years (F)eps to dec 16 will be 6.1p,but normally looking 2 years out can see eps of 6.5p and reasonable debt (quote:"we don't want to make mistakes of previous mgt"
so its hard to see why the rating languishes at 7 times!whats the catch.....?1 - results are H2 weighted which people don't like H1 = 2.4m; H2 = 4.6m(it has been this way for 3 years and reflects underlying client buying patterns)2 - l.term growth is modest 8% a year - financed by 4% a year increase in shares. (typical of an agency business they use CASH flow to buy growth)3 - maybe people don't like the company and its unusual style - see c'man verbosity in reports!chart analysis.....interestingly the share price has risen 40% p.a. for the last 5 years even though eps have only increased by 8% p.a., so this means a re-rating has being going on - with investors giving a higher rating to profits, the funny thing is that the rating is still low!!there seem to be various support trends in place....- 4 point support line from 10p in 2010 to 40p in 2015,- 4 time break-out and pull back above 40p since 2009- rising 200d at 42p- golden cross of rising 20d and 50d through the rising 200d at 43p in July 15.interestingly over the last 12 months it has under performed the market,but that is due to a share price fall last September,if the price remains unchanged for the next few weeks it will show up as outperforming the market over 1 year, 3 year and 5 years,which will look good for momentum and trend investors doing stock screens.At the moment if some-one looked at all companies with PE < 10 they would see TMMG,then they would see that in the last year it has under peformed,and would conclude that earnings are due to drop..... and not follow up on the companyin a few weeks time - they will see rising momentum and look rating and look into TMMG further.....so I see this has the potential to double over the next couple of years,though as a small cap with l.term holders (incl mgt with c.20%) expect some volatility.- its a simple business that the company has stuck too for a long time,- fundamentally undervalued,- supported by chart pattern,- risk reward is acceptable,ALL IMHO, DYOR + BoLTMMG is in my portfolio
thirty fifty twenty
02 Apr 2015
Re: tomorrow's results Hi TTi've done the same. Invested previously at the refinancing and now back in.I think the market despite the highs is risk adversebut is not starting to interest in small companies that have a good track record.since the refinancing TMMG has generated more than £18m of free cash flow after adj for any rights and placings. TMMG has also shown steady growth of c.8% a year.My valuation based on a trend average CASH generation of £3.8m for 2014 growing at 8% a year.This values the company for me at prob close to £50m (55p) a shareand prob higher a future growth is likely to be higher given lower debt and better UK ecomonic growth.This analysis supported by excellent chart trend and reversal patterns indicating also c.55pAll IMHO DYOR + BoLTMMG is one of my top5 hldg
Techno Trousers
02 Apr 2015
Re: tomorrow's results Very quiet board, and interesting to see Lambrini Girl got this one quite wrong. She/He is normally pretty good on this and I've know LG to get shares in downtrends bang on. Anyway, having been in and out of this share in previous years I bought back in at 42, and am pleased to see th rise today with the director buy, which should indicate a decent set of results, and a rise into the 50's and hopefulyl without any reversal this time.
lambrini girl
21 Nov 2014
Re: tomorrow's results SELL..initial target 32p..
