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Great to see the progress by the Mission and the excellent Investors Chronicle article yesterday by Simon Thompson
https://www.investorschronicle.co.uk/comment/2019/09/26/mission-s-major-client-wins-point-towards-a-prosperous-2020/
confirming his target price of 115p. Hopefully a resumption of the upwards trend after the last 2 days rollercoaster ride
You may well ask.
Such a rollercoaster ride, a facet that has only recently occurred here.
For many years, it wasn't even a coaster !
What is going on here?!
Very pleasing update! Peg ratio of less than 1, debt slashed, I'll take a solid 10% growth every year along with a nice divi. Based on a pe ratio of 10, which would still be undemanding, the sp should be around 100-105p.
Surprised to see fall this morning but probably not a great day to release results with markets tanking!
A big thank you to James Clifton and the team of talented employees who are making this Group something they can always be proud of in their mature years.
It must be really exciting for them all.
Well done again and again.
We love it!
SB
Great results.
The beginning of a new era, with a new name, and much higher aspirations.
Throughout my experience with this company, from a sub 10p share price, I have said consistently, that a company whose centre of excellence is raising the public profile of brands and customers, should apply that expertise to themselves.
I hope that this will be the beginning of that.
Huge thanks to the people at The Mission, a steady hand on the financial tiller, whilst at the sharp end, the group has become a top table competitor in its field.
Due 25th September, SP rising as we get nearer to the date. GLA
What's causing the weakness in share price? The prospective of no deal Brexit? If so I can see the weakness to continue as we go through negotiations etc.
Wider economic indicators are certainly giving attractive valuations across equities. Valuations may remain depressed for sometime though. Consensus is that interims will hit target and therefore in the short term TMMG scale of discount remains difficult to justify, given the earnings growth and further improvements in the balance sheet when compared to its peers. Reduced finanical indicators (relative to peers) may not guarentee short term SP growth but it certainly increases its chances too. I take solace in continued dividend growth and other indicators that should attract new investors over the short term and stop others from selling out.
Happy to have purchased 79840 shares this morning. You could use a multitude of indicators to see there is value at current SP. GLA.
If you've researched this company, you'll know that this is usually an investment rather than a speculation, although volatility has been higher recently. For holders, the spread is of no significance, rather the debt reduction, company growth, and increasing dividend yield.
Each to their own
Hiya guys, just doing my research on TMMG and everything is looking excellent apart from the 5% spread. Have I just caught this on an off day or is it usually around the 5% mark?
Good luck to all invested, Simon
I'd say the market reaction is pretty much as expected.
1. sp rises before update
2. Perfectly good update issued, but % profit increase of 10% is much the same as the same increase as the prev year, and, again like the prev year ( and like it has every year since I've been a holder ), the fin year will be weighted to H2
3. Some people decide to take profits. If enough people do that, then the chartists will follow that trend and the sp will likely drift down a bit.
Overall though, depending on which figures you want to run with, I'd guess we'll be looking at eps for the full year ( as opposed to H1 ) of something like 9 to 9.5p ( 10 to 15% up ), with a total divi of 2.3 to 2.4p, so, at currently 88p, I reckon we're on the low side of a fair value of something like 80 to 110p ?
BB
Very sorry, wrong board
On other exchange
http://www.nexexchange.com/member?securityid=18752
Would suggest profit taking and nothing more. Sp has risen considerably past few months.
Pleasing update, company heading in right direction!
Commendable performance.
Puzzling market reaction.
Debt ratio not quite negligible yet, but getting there.
Big thanks to all at The Mission.
110p by year end would represent a forward pe of 13. Assume a pe ratio of 15, still undemanding for a growth stock, would imply a sp of around 127p.
Trading update due end July i believe. I'm weighing up a move by ex div date...
The Mission Marketing (TMMG) kept showing up on share scans and it was chosen by two at the follow up - it looked good fundamentally so I bought some live.
Most investors are too fearful to buy shares that have already gone up a lot but always seems crazy to me, why not buy a winner?
This marketing outfit is strong and keeps on performing. Profits are up and they are paying off the debt and there is not much of that left.
I agree with the NT, topped up recently so my average buy-in price is now 62p. My new target for year end is 110p. It goes ex-div on 11th July as well. What's not to like. GLA
Investment case for some strengthened by Robbie Burns aka naked trader buying in at 91p. This is my biggest miss not buying in at 65p earlier in year!
How much further can it go?!
Chartists puzzle me, they think a tightly held share can become more liquid than it has been for years and, hey presto!, before your very eyes. Good luck to them anyway.
Wouldn't disagree with you, as StockBoy says, we each must choose a time to let some go if there's a profit to be had. This having become a dividend paying share, that also weighs the argument in favour of a hold overall for me.
Looking at The Mission website does reinforce my view that this has become a much more substantial proposition over the years I've been watching it. Has the possibility of it being a target increased? Looks that way to me, but not imminently IMHO
Tis a fair question that Alf.
Based on numbers downloaded from https://www.themission.co.uk/investors/share-price-information, I'd say a 30 day rolling average shows that volume's up something like three fold from January this year.
That's a big jump, but it's still a small % of the company being trading, so I'd guess some people who bought in the range of ( say ) 20 to 50p are reducing their holdings and a fair % of those shares are being picked up by chartists.
I'm still happy to hold at these levels, but if it got up to something close to 120p this calendar year without an indication that medium term growth in underlying eps was going to average out at 15%+ , then I'd almost certainly be looking at reducing a bit.
BB
https://www.themission.co.uk/news/themission-continues-to-drive-growth-with-high-level-appointments-across-the-group
This is a very positive statement, however it is hard to imagine that loads of PI’s would latch on to this on the TMMG web site. It’s more like press comment to stimulate recent trades, which I cannot find.
Anyone with any suggestions as to how the recent high liquidity has been created?
I've been glancing at daily trades for a very long time, and the current period is so unusual.
Not a complaint, I'm loving it.
Back up to the highs now.
What was I worried about?
:-))