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Started: Florence141414, 17 Jun 2024 09:08
Last post: Florence141414, 17 Jun 2024 09:08
Very encouraging that they’ve shown the confidence to maintain forecasts this deep into the trading period.
In this context, it strikes me as odd that they are still looking for ways to de-lever the balance sheet. If they are making 7.6m PBT then gross debt would be cut in half in just a couple of years from internally generated cash flows. Net debt by two thirds. Why bother doing anything else?
Last post: alfista, 10 Jun 2024 11:12
Agree with that. However, the board bear responsibility for letting debt grow and leave the company open to such opportunistic attempts. Under Peter Fitzwilliam the debt had been gradually eroded over many years of prudence. My wish was that they carried and and eliminated the debt entirely, although the dividends were welcome. Instead they chose generous divs, and ill considered acquisitions. I hope lessons have been learned, I believe companies should always be aware of the cyclical nature, and buffer against such events.
Rant over, ta ta Timid Bison
Thank heavens that waste of space complicated bid from BB has gone away today. If they could offer 35p in cash then they could be taken seriously. Their current efforts of a reverse takeover are rather misleading and silly in reality.
Hopefully this will flush out another bid. If not get on and get made clear as the uncertainty is not good for TMG.
Started: StockBoy, 6 Jun 2024 12:51
Last post: JMUK26, 10 Jun 2024 08:51
All depends how management handle the debt. If it starts creeping up further, the SP will no doubt be hammered and todays rejected offer price will seem a long way away. Time will tell, bit I suspect the lack of even a moments consideration for either deal might suggest the directors didn't fancy losing their jobs rather than what was in the best interest of shareholders long term.
Why would you think you can buy TMG for half the price in six months. TMG business is robust enough to get out of its debt issues, the business is sound and in a different league to this opportunist outfit. He ho. We all have different views, which makes life more interesting so long as it does not lead to WAR! The human race needs to find world peace.
Anyway good luck here with your investment. Us PI’s need some luck to beat the greedy b******* that run PLC companies.
Last post: alfista, 4 Jun 2024 13:36
Summats has moved the needle, that's for sure
The only opaqueness I can see is "due diligence and establishing the quantum of any proposed reduction in indebtedness for the proposed combined group."
Another increase offer of 35p but with complications and opaqueness. Brave Bison should go get funding and do an all share cash offer. They can’t afford us is the bottom line. Hence the SP not moved at all. My takeaway is TMMG clearly have some genuine intrinsic value way higher than our current SP. So that’s makes this a strong buy IMHO….Lets see how things pan out eh - GLA
Aye, that's fair enough.
In retrospect I should have sold up when it became obvious it wasn't just external events which were causing the problems here, but such is life, everything's easier in retrospect.
We're plainly vulnerable to a bid at the moment, and probably will be for another couple of years or so, but I can't see this one being it.
No Bern, I just expressed my take on where the company has gone under the new management. Covid is partly responsible of course, but they got carried away with borrowing, and made some acquisitions at the wrong time IMHO. The old board had learned that being over indebted when things go quiet is dangerous, my buys then at sub 10p were highly risky.
Having said that, I don't see the barmily named company as doing anything other than either biting off more than they can chew, or trying to destabilise a rival. They do have a shareholder with clout, but other than that I can't see any compelling reason to do anything except send them back out on the prairies to graze. Or " go eat ***^"in other words
Started: StockBoy, 28 May 2024 11:24
Last post: alfista, 29 May 2024 09:35
I'm East Midlands area.
I hope I can find time in the future to attend, but at the moment I operate a business that demands my full time attendance.
My fault as I have a phobia about recruitment given all the demands on employers these days. Selling up is not too far off. I do wonder if David Morgan has the same feeling.
Hi alfista. Pity you cannot make it. Have you seen the offices in London?
I agree that you will not be told any more than in the public domain.
Where are you based?
Just thought it would be nice to meet up as long suffering shareholders!
I'm not able to attend. I guess they'll be able to talk in general terms about the offer, but can't disclose any more info without telling the market first. An offer from a deep pocketed rival would be another matter, but this one looks a non starter to me.
Have a good day if you are going.
Alfista. Are you going to the agm?
Last post: alfista, 23 May 2024 16:16
Seems to have "all gone quiet over there"
Not too much longer before this irritation can be dispensed with IMHO
The best deal??
Contributing way more than half the turnover and profit, and receiving way less than half the value of the enlarged company?
I should cocoa !
The offer was a joke in very bad taste IMHO
Fairly glad this looks like it will fail, and I'm a brave bison shareholder. With a reverse takeover of this size, it is probably overly ambitious from brave bison to be able to digest a company of this size, whilst looking after all of the clients and retaining them without current management in place. It would also load them with fairly sizeable debt which would take some time to pay off, unless they could quickly improve Missions profits. I think Mission shareholders were getting the better deal here personally.
Very well put. Surely the attempt is doomed.
Started: StockBoy, 14 May 2024 16:20
Last post: alfista, 14 May 2024 16:41
I don't think there's any chance that they could get enough of a holding to force matters, and 29 p equivalence is a joke, so we'll have to wait and see what unfolds I guess.
Do you recall me kicking myself for not reducing at 90p + levels?
Seems an age ago
Looks like this to me. Anyone have a view?
The dash for acquisitions has resulted in bum bitten.
Debt is too high, the board need to quit dreaming and knuckle down to solid balance sheet IMVHO
Started: StockBoy, 27 Mar 2024 07:47
Last post: BoringBernie, 28 Mar 2024 18:12
A quick skim through the Finals suggests to me that getting the accounts signed off as a Going Concern was a bit tight, so that's a relief. Renegogiating the debt was crucial going forward so, overall, unlike like what I thought a few months ago, it doesn't look like a Rights Issue will be needed to repair the Balance Sheet.
Overall, it's obviously been a bit s h one t here recently, but it does look a lot more hopeful going forward.
Results today. 👍
Superb rise, obviously someone isn't concerned about the lack of an RNS
?
Started: StockBoy, 26 Mar 2024 12:51
Last post: alfista, 26 Mar 2024 15:09
Can but hope for an upwards movement now.
As you know, I kicked myself hard for holding these, the team must rebuild their reputation to make money and reward loyal investors.
Optimistic buying or bit of a leak?
Usually quite difficult to get even small amounts of these shares.
Started: mrchocolate, 26 Jan 2024 10:30
Last post: mrchocolate, 26 Jan 2024 10:30
The share price looks ridiculously cheap. It was devastated by the market makers based on October 23's trading update that now looks to have been overly pessimistic. Remember when the share price dropped to 7p and recovered to £1.
As the most recent trading statement makes clear, there is lots of upside including: major overhead cuts with probably more to come, a business making significant losses is now cut free, great new business wins, as well as reducing debt interest as rates come down, an improving general outlook and I suspect far more focus on generating profit after this blip.
I suspect this business could easily make an EBITDA of £12-£15m. It's a 50p share today.
Revenue of 87 million with profit of 4.3 million with a market cap of 23.5 million . Looks like there is room for the shareprice to climb above that of 32 p before the October announcement . With more contract wins and reduced headcount this should attract interest
I've always thought of this as a well run business, directors now proving it....
Credit where it's due, this is a much quicker performance improvement than expected.
Started: mrchocolate, 18 Dec 2023 13:41
Last post: Peakybinder, 20 Dec 2023 08:31
I've bought some more, this will be 80p in 3 years time, happy days... Gla
DBay Director A Paiusco is also a Director of Unlimited Marketing Finco Ltd, which is the holding company for Unlimited Marketing Group Ltd and also the company with significant control of Digital Unlimited Group Ltd, previously called Creston Plc.
Started: mrchocolate, 27 Nov 2023 17:10
Last post: mrchocolate, 27 Nov 2023 17:10
Has anyone checked DBay advisor A Paiusco on Companies House?
Last post: Merlin0, 27 Nov 2023 10:33
Can’t buy £1500 worth of stock
Reversal in progress
Started: Merlin0, 27 Nov 2023 09:14
Last post: Merlin0, 27 Nov 2023 09:14
The large buy last Friday has ticked up the price,hopefully more stake building soon
Last post: alfista, 26 Nov 2023 11:03
Something turned the direction of the sp, if it was a director it's a good sign. But also the value may be looking highly attractive to a competitor.
Just saying
Anyone think that this might be a directors buy ?
Started: Merlin0, 24 Nov 2023 17:40
Last post: Merlin0, 24 Nov 2023 17:40
Nice chunky buy at 2.09
£48k buy
Started: alfista, 24 Nov 2023 14:01
Last post: alfista, 24 Nov 2023 14:01
Welcome back David, your return is great news for all holders IMHO
A push back on woke, and more savvy business, is what is needed here.
Started: HorisM, 23 Oct 2023 09:25
Last post: Gallmat, 23 Oct 2023 16:41
Think i am done with small caps.
Ceo makes positive signs then few weeks later get this. Happening too much on aim
Having watched the presentation a while back, I have to say that I think the current ESG blather turned me right off.
I suppose they have to do it for their clients' image, but making creative people take such a wet view of things is really bad for business IMHO.
Companies such as this turn down in harsh economic times. Action should have been taken in anticipation of that fact, rather than after the pinch began to be felt. For me now, having let a few go a year ago, it's a matter of sitting tight and waiting for the pendulum to swing back, whilst being cross with myself for ignoring what was right in front of me.
Solid company with a great client base.
The downtrend on revenue is a market wide issue in marketing companies currently, however we are now seeing companies abut to spend big to use up budgets and drive sales traction.
would expect per Mission RNS, that H2 2023 will be very good.
Started: tootight, 23 Oct 2023 09:05
Last post: oogleflugal, 23 Oct 2023 14:09
I liked this company a lot, having a small position a few years back. Been on my watch list again, but debt soaring from 14.9 million to 25.5 million raises a few alarm bells with ‘rapidly deteriorating market.’ Could be problematic with bank covenants. Will stay on watch list for now. Bloomin mine field out there at the moment
Unfortunately i was working along similar lines when I purchased some last week, win some,lose some.
Do believe the management is strong enough to work through the tough trading patch, be a while before i see a return, one for the bottom draw.
Started: LeddachJack, 23 Oct 2023 07:09
Last post: Peakybinder, 23 Oct 2023 07:36
20p?????
Tin hats on !!!
Started: StockBoy, 10 Oct 2023 11:55
Last post: StockBoy, 10 Oct 2023 11:55
Hi all
You have to go back 10 years to see market prices like these. Operating profit around £6m and £15m net debt.
The group has grown hugely since then and the predicted £10m + operating profit next year is quite achievable despite the usual worry of marketing spend cuts if in recession.
No Company increases their interim dividend without a degree of confidence for the full year.
Started: alfista, 25 Sep 2023 12:48
Last post: Peakybinder, 10 Oct 2023 09:51
I will have a few more at 30p.
Hi Peaky
34.9 p to buy right now!
Buybacks. Do not agree at this point in time. Reduce the debt!
Alot of ?a were mine.
They nees to wake up and do buyback. Their argument they cannot buy much is nuts.
So spend a little. Buy at diacount and help retail guys who are their foundation. Some people are forced sellers at least give then a good exit.
It it good for everyone on many levels but cfo was not thinking straight
Well put alfista!
Increase in divs was a surprise. suggests they feel confident about the business model.
Started: Roi78, 14 Feb 2023 09:40
Last post: Gallmat, 27 Jul 2023 18:34
Tough market.
Until rates start to come down i feel it is like swimming uphill in small cap space
Stock, everything I'm buying or holding now is for sale in 2-3 years.
The the fundermentals and forget....
Peaky. What with Covid and now interest rates, you have a point about overstretching.
The new offices look really well organised with the various groups close to one another.
My holdings look rather drab having bought around 50p and higher previously.
However, I do believe all will be good in two years time.
Hope they are not overstretching with acquisitions and ideas....
Best wishes for another great year!