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Good to see an upwards trajectory.
Very excited to see Pathfindr (Safe Distancing Assistant) advertising for Sales Director and Commercial Manager vacancies.
Remains a strong buy for me.
https://pathfindr.io/careers
Plus Simon Thomson in Investors Chronicle has reiterated his 'Buy' today.
An Innovative addition to the group. The service that this new company provides is an obvious bolt on enhancement of the offer to clients, further strengthening their attractiveness to clients.
Good to see that activity isn't being stifled by the current situation
https://www.edisongroup.com/publication/creativity-pays/27289
I am mesmerised by how cheap this share is. Yes I agree great performance;
we expect to deliver a profitable performance for the full year, albeit at materially lower levels than FY2019.
the Board sees no reason why in FY2021, PBT cannot return to the pre-pandemic levels similar to those of FY2019, in a range between £9m-£10m.
The Group is well financed, having recently increased our committed banking facilities to 20 mil.
80%, significant reduction in our net bank debt position since the end of the last financial year, which at 30 June 2020 was £1.2m (£4.9m as at 31 December 2019).
Plus unexpected increase in sales for pathfindr.
Strong, positive outlook for the company shown in these results.
Congratulations to all at The Mission for tackling a difficult period with determination to succeed.
The whole country needs this attitude going forwards IMHO
https://uk.finance.yahoo.com/news/why-mission-could-well-placed-081439987.html
Agree, lots of contract wins for the marketing agencies + unexpected upside from pathfindr. I certainly won’t be selling anytime soon. Rather they get rid of the debt, than pay a dividend this year. Either way cash flow should significantly improve in 2021.
Due anytime now. I remain optimistic and feel this de-rating has gone too far. I was pleased to see them withhold the divi payment. Keep an eye on their website for new contract wins. Its clear that they aren't deemed regulatory news. Net debt was due to be cleared by year end (4.9m) so it will be interesting to see the impact on this.
Volume is definitly higher. Last 3 days volume is about as much as the whole month prior.
As a long time watcher of daily volumes here, I can say definitely that volumes lately are vastly higher than normal. Hope that helps
ATB
so thompson says this si a recovery buy- is this good enough to add- i dont see high volumes si iam going to wait an update is in a week's time i think
It would be good to get an update on sales and how significant it is..
This from pathfindr website.
"The Safe Distancing Assistant is now in production and can be purchased in the Pathfindr Shop.
Orders placed from May 28th onwards will be shipped from June 22nd. For larger orders of 250, 500, 1000, 5000+ we will start to ship from June 22nd, with phased delivery of the full quantity within 2-3 weeks.
To manage significant demand for the product, we are taking deposits for larger volumes so customers can secure their place in the order queue. Get in touch with any questions and to discuss your requirements"
Is Pathfindr 100% owned by the mission group?
Just been looking at Pathfindr website.
Looks like they are aiming to sell in bulk. I wonder how many orders they have been taking?
Order options on website are:-
Over 1000 - £48.99 per unit
Over 2500 - £47.99 per unit
Over 5000 - £46.99 per unit
Over 10000 - £45.99 per unit
Over 25000 - £43.99 per unit
An App for our times?
Obvious money spinner if the roll out could be done rapidly. The benefit of tech is that, once proven in use, manufacturing is but a click of a button.
Here's hoping
Just bought more. Simon Thompson reporting for IC recommends recovery buy.
Mission’s technology focus is set to pay dividends in a major way. That’s because the group’s Fuse technology incubator has developed a Pathfindr tracking product that provides customers with real-time insights into their assets and processes. Prior to the Covid-19 outbreak, it had already been sold to some of the most well-known names in global aerospace and manufacturing, including Rolls Royce. It is even more valuable technology now.
That’s because Pathfindr has developed a new product, The Safe Distancing Assistant, to help people maintain safe personal distancing and to keep businesses open. By using cutting-edge ultra-wideband technology, the device provides 360-degree field of detection and is more reliable and accurate than other technologies such as Bluetooth. It can be worn around the neck or clip attached to a pocket, belt or other item of clothing. A few thousand of the devices are currently on trial and Mr Clifton says that the company has received interest from one potential customer looking to acquire 250,000 units. At a base price of £49.99 per unit, this could be a major money spinner as companies across multiple sectors aim to enforce personal distancing and comply with safe working legal requirements, so to avoid costly fines and crippling closures.
Mission demonstrating that their technology base has been a strong positive in this period. Many companies have felt the need to get a different message out during the crisis, hopefully some of that rush of virtuous messaging has been created by the agencies. Inevitably some will respond to the near future by looking to trim costs. With governments worldwide talking of planning to expand economies post crisis, there should be good opportunities to benefit in the slightly longer term.
I'm fully in support of the decision to retain maximum cash at this time, the strength of the company matters far more than a dividend payment.
Under review final dividend payment I feel will be stopped
Dividend increased to 1.53p but on hold. Great, solid company. Waiting to top up if it goes lower.
Excellent, strong results.
Obviously overshadowed by the knock to global business confidence.
IMHO dividends should be suspended, protect the core, reduce debt.
Thanks to all at The Mission for a terrific 2019
thats what I thought yesterday.......
Chinese markets hardly crashed. Check the Shanghai and Shenzhen indices! This is a bargain of a life time.
Its corona time right now ! Phoenix/polar cap shares to buy.
Bargain prices, I’m surprised share price hasn’t gone lower. I want to top up. Markets getting ready for next boom, low crude oil prices, low interest rates, foundations for growth!