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All looks well, good stuff Mission
I decided to keep my investment with Mission, not sure it was the best decision at the moment. Hoping that the new year brings about further positive news and that share prices starts to reflect this. I'm relying on the old saying that good things come to those who wait.......
Further growth by acquisition. A hefty price tag, financial performance going forward has to be good in order to unlock the full price. Incentive indeed.
The Mission Marketing Group plc Acquisition of Chapter Agency Limited The Mission Marketing Group plc ('the missiontm', "the Company", AIM: TMMG), the marketing communications and advertising group, is pleased to announce that it has acquired Chapter Agency Limited which includes the recently acquired Bell and Watson Limited (together "Chapter"). Initial consideration of £1.3m is payable in cash on completion. Further consideration of up to £3.7m is payable subject to financial performance in 2015, 2016, 2017 and 2018, of which the first £0.2m will be payable in ordinary shares of 10 pence each in the capital of the Company (the "Acquisition"). About Chapter Established in 2009, Chapter is a Midlands-based advertising agency employing 29 people and has an extensive client base including Nissan, Yardley, Topps Tiles, Crowdcube, Calor and Virgin Trains. Since launching, it has been voted National Advertising Agency of the Year at the Marketing Industry Awards and this month was the most nominated Agency at the prestigious Cream Awards 2015, winning in seven categories. Chapter Agency Limited also recently acquired Bell and Watson Limited, a consultancy that delivers specialist digital marketing services.
I've been in TMMG for a while now and even with all the positives the share price continues to move around the 45p mark, even with all the positives. It may be the wrong time to sell but I'm thinking that there may be better shares to invest in at this moment. The housing shares have taken a bit of a hit for no real reason over the last 2 days and there may be better gains for my money at this moment in time. Hence thinking collect the divi then re-invest elsewhere. I would love to see this get to 60p though!
Why on earth are you thinking of selling at this price??
Hi, does anyone know how the dividend day works i.e. the date to hold the shares for the divi is tomorrow for payment December. If I sold some tomorrow would I still be entitled for the Divi or would I need to hold the shares until the close of play tomorrow?
Yes more positives adding. I agree with you very undervalued, nice to see a small up tick. Still happy to hold, starting to wonder if this could be a take over target in the future especially with the excellent business model and low valuation..
Not yet a global, but working on it. The Mission continues to become a force to be reckoned with, And undervalued by the market IMHO
I'd view that as good progress. The group continues to grow through impressive business wins, and through acquisitions. With more of both to come it is hard to see why the sp doesn't at least match progress. When I first looked in to this share, bank borrowings were a genuine concern, at a time when the market was highly averse to borrowing, and banks likely to act irrationally causing companies to have nightmares. Personally I feel that the time for more aggressive expansion may be upon us, and that there is sufficient cushion in the leverage ratio to perhaps see that happening. Well done all at The Mission.
The Mission Marketing Group plc ("TMMG" or "the missiontm"), the marketing communications and advertising group, sets out its interim results for the six months ended 30 June 2015. Trading · Continued growth, both organic and from acquisitions · Some great new Client wins in the period, including Ask, Autoline, BMW, Brewin Dolphin, British Airways, Diageo, Muller Wiseman, RAC, Sage, SAS and Siemens · Full year again expected to have a strong second-half bias - trading remains in line · Continue to seek suitable acquisitions Income Statement · Operating income (Revenue) up 12% to £29.5m (2014: £26.3m) · Headline operating profit up 15% to £2.4m (2014: £2.1m) · Headline profit before tax up 20% to £2.2m (2014: £1.8m) · Headline Diluted EPS up 12% to 1.88 pence (2014: 1.68 pence) Balance sheet and cash flow · Net bank debt reduced by £1.5m in the six months to £7.9m · Bank debt leverage ratio maintained below x1.25 · Total debt leverage ratio below x1.5 Dividend · Significant increase in interim dividend to 0.3p (2014: 0.25p) · Payable on 4 December 2015 to shareholders on the register at 6 November 2015
Agree that the half a quid milestone could be significant in the move ahead. Any sort of study of the reports and financial progress of recent years would point towards this being under valued, Supported by several tipsters too. The big chunks that move around puzzle me, but someone is gently trading to make a margin by the looks of it. I think your short term target is modest, but achievable. Time will tell.
There seems to be a big blockade resistance at 50p with this stock. Nothing like a nice round figure for sell orders to be placed at!! But when we're through that, probably early Sept, should ease fairly steadily up to the region of 55p before the buffers are hit again.
That's a sharp rise in Ask for just the one trade, can but hope that there are very few in free float. On the level of success, this shouldn't be still in the 40's IMHO
They have made 5 acquisitions in the past year, some have been through issuance of shares but we must remember KPIs are in place limiting total indebtedness to 2.5x EBITDA and net debt to EBITDA of below 2x as a safety precaution. The wording used like the recent merging of existing agencies and their recent focus "bedding these new businesses into the group" is a sign they are content for now with organic led growth although they make no definite case either way. My posts are a little way down the page around Christmas got my sub 42p entry and held until around April. If results prove to be skewed in the second half it will be worth buying at this price for a trade but given it fell back to 40p just before results and lack of volumes I wouldn't want to hold for 4-5 months again. Good to hear you're doing well and ofcourse holding through this period has proven the largest gain. More excitement to be had elsewhere in between the trading updates
Interesting that you feel that the company has ceased intention to acquire. If that's the case it is a detail I've missed, where have you got that info from? I recall you had a target entry point that I felt couldn't be achieved, that kind of volatility diminished a long time ago. Although it has mainly been unspectacular, my gain is very substantial over the years I've held and added.
Hope you're doing well sir, long time no speak :) I gave up with TMMG a while ago but it is now trading higher than the 42-43p range we were sat in for what seemed a millennia. If we can ignore the over-sized blue font used in the last update it looks like good progress, but still painfully slow Net debt down £1.1 million in the 6 months to £8.3m is better than expected and suggests 4 more years of net debt discount the market likes to place on smaller caps like TMMG. Assuming that is they repeat this growth trend in future years. Now that they are no longer in M&A mode, they need to show the new businesses can be streamlined and demonstrate organic growth ahead of it's peers. It does look promising though given second half results are normally more exciting, one to look in on in a couple of months perhaps the missiontm also announces Stephen Boyd's intention to step down from the board at the end of the year. Stephen, who joined the board in December 2009 as a non-executive director, has a number of business interests beyond the missiontm and has decided to concentrate on these after having served the Company for six years. David Morgan, Group Chairman, commented: "Stephen joined us in very different times and was instrumental in steering the Company through its refinancing in 2010. We would like to take this opportunity to thank him for his valuable contribution to the board over the years and we wish him well for the future."
Another gain today. Anyone looking in and considering this one, I can only say read consecutive updates from the RNS feed above. Nothing anyone says on a chat board beats reading actual facts and figures from the company. If you're not impressed by the consistency of performance of this company, I'll shake my head in disbelief. Undervalued in comparison to industry peers, all recent growth and debt reduction has , so far, not been recognised in the sp. David Morgan, on the TMMG Media tab, says he wants to be sitting at the top of a £200m turnover company, with a £2 share price. A growth company IMHO, but do the research yourself, it's all there and easy to access from the buttons above.
And justified IMHO The performance at a practical level has been strong for a long time now, good expansion of business whilst consistently reducing borrowing. Acquisitions, geographic reach, more comprehensive offer to prospective clients. Just how many more boxes could be ticked? Puzzles me why this isn't very much higher.
I agree, surprise really it dipped so low. Another couple of days like this would be most desirable!
That's more like it, some recognition of a series of strong reports. From the Chairman all the way down to me, there is a feeling that this is very under priced.
Double digit revenue and profit growth. How bad can that be? Makes the recent dip even more puzzling. Well done to all at The Mission for driving the business forward. Essential to keep up momentum. They know it and act accordingly IMHO
Revenue and profit for the first half of 2015 are expected to show double digit growth over the equivalent period last year, benefiting from both organic growth and the acquisitions made in the second half of last year. The group's net debt fell from £9.4m at 31 December 2014 to £8.3m at 30 June 2015, and the group's leverage ratios (the ratios of net bank debt and total debt to EBITDA) remain comfortably within the limits set by the Board for these key performance indicators. The group has made five acquisitions over the last twelve months, merged two of its existing Integrated Generalist Agencies and launched a new Specialist Agency from scratch. It has been a busy time and our recent focus has been on bedding these new businesses into the group. Looking to the future, we will seek to exploit the opportunities for further growth these new businesses bring and in addition we will continue to explore opportunities to extend our range and reach further in response to Client demand. Our results for the year to 31 December 2015 are again expected to have a bias towards the second half and the Board remains confident of meeting market expectations for the full year.
Probably people getting fed up with the sp not moving and putting the money in another stock. I bought more yesterday at 41p and I'm pretty chuffed with that.
Why so many sells lately?any thoughts?