Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
It's definitely the SEE Guardian unit - look at this link and scroll down to the Honda image, with Guardian.
https://www.australiaunlimited.com/technology/seeingmachines
https://www.fleet.ie/eu-mobility-package-iii-to-include-new-vehicle-safety-standards/
European Commission set to announce major new road safety package: https://etsc.eu/european-commission-set-to-announce-major-new-road-safety-package/
I'm looking forward to final results - last year 12th April. With reported profits and first year EBITDA positive, we should see the SP recovering. Thoughts anyone?
The mission’s FY14 results are in line with market expectations and show good progress in building out the client offer. The acquisitions have bedded in well and extended the group’s geographic reach, with new business wins helping to drive operating income. There have been meaningful improvements to the balance sheet, with gearing falling to 13% (end FY13: 16%) and new banking facilities give flexibility to fund growth. Current forecasts factor in negligible growth over pro forma numbers, yet still put the group’s shares on a near 40% discount to other smaller agency groups. Backing the winners Group like-for-like operating profits were ahead 5%, with overall operating margins holding up at 11% despite industry pricing pressure. The group’s strong positioning in the property vertical did not give the boost that might have been expected given the sectorial strength of that industry; in fact, demand was so robust that heavy marketing effort was not needed to shift stock. The group continues to diversify its overall client offer. It has extended its Far Eastern activities on the back of the acquisition of Splash in the autumn, is building its capabilities in new areas such as sports marketing and enhancing them in verticals such as technology and healthcare. Exceptional costs of £0.6m will be taken in H115 as resources are realigned to parts of the group with the greatest growth potential. Strengthened balance sheet, greater facilities The balance sheet was boosted by October’s £2.3m placing (existing and new holders). This contributed to acquisitions and to investment in new offices for agencies that merged or outgrew their previous locations. Bank warrants for £0.7m were also settled. Since the year end, the mission has negotiated a new facility rolling out to February 2019, with an increase in the committed element from £11m to £15m, with a further £3m overdraft. A new KPI has been instigated limiting total indebtedness to 2.5x EBITDA (including contingent acquisition consideration). This should give comfort that the balance sheet will not again become overburdened. Valuation: Unwarranted heavy discount The mission valuation remains heavily discounted, despite a growing record of delivery against expectations. Consensus estimates show FY15 earnings growth of 12%, well ahead of the sector and UK market. The shares trade on a substantial P/E discount: 7.4x against the smaller agency sector at 12.1x. This should narrow as the group demonstrates it can grow margins and generate shareholder value.
David Morgan, Chairman of The Mission Marketing Group, gives a quick run-down on what 2014 has looked like so far and what is planned for the future. https://www.youtube.com/watch?v=k8Y1eVpXp-A I'm looking forward to hearing news on Splash Interactive, the Asian group acquisition.
All sounds positive. Inline withe expectations and further reduction in debt. Look forward to further progress through 2015. GLA
http://www.b2bmarketing.net/news/archive/top-70-b2b-agencies-league-table
Nice positive TMMG report, just put out by Edison research: http://www.edisoninvestmentresearch.com/serve_pdf.php?d=researchreports&f=Mission101114QV.pdf&first_name=Ma&last_name=Jones&company=Private&email=mjones@brayleino.co.uk
FinnCap reiterated their corporate rating on shares of The Mission Marketing Group plc (LON:TMMG) in a research report sent to investors on Thursday morning. The firm currently has a GBX 60 ($0.98) price target on the stock. Shares of The Mission Marketing Group plc (LON:TMMG) opened at 46.22 on Thursday. The Mission Marketing Group plc has a 52 week low of GBX 40.10 and a 52 week high of GBX 56.90. The stock has a 50-day moving average of GBX 49.55 and a 200-day moving average of GBX 47.48.
The Mission Marketing Group plc (TMMG.L), the national marketing communications and advertising group, reported a surge in first-half pre-tax profit on ordinary activities to 2.23 million pounds, from 69,000 pounds last year. Profit for the period totaled 1.69 million pounds, compared with 51,000 pounds, a year before. Half-yearly earnings per share were 2.06 pence, significantly higher than the prior year's 0.06 pence, with headline earnings per share rising 11% year-on-year to 1.68 pence from 1.51 pence.
... On just a few buys. Investors topping up before the interim results and I guess Scotland's result has helped the markets in general. I think the Mission has an office in St Andrews, they must be relieved. Good luck all for the 25th.
The bid raised today, on very small volume. I think if we get positive interim results, the SP should start moving back up.
'Proof' that TMMG are ambitious for growth. GLA
Thanks for posting the I.C. report. Looks like the market is finally realising what a great prospect TMMG is. I've been invested here for some time and intend to hold long term. Strong management team and award winning work for blue chip clients. All looks v good for 2014 and beyond. Are you invested here also?