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Excellent posts mate. 5 bagger this year alone imo more deals to come too so a very high chance of even more than a 5 bagger.
Acquisition benefits for Be Heard MMT Digital will be Be Heard's second acquisition, following the purchase of Agenda21 in November 2015, adding designing and creating websites, applications and user experiences to Agenda21's media buying, search engine optimisation and analytics capabilities. Bringing MMT Digital into Be Heard alongside Agenda21 will create opportunities to exploit the synergies between these two complementary disciplines, helping brands build the best digital experiences while maximising reach and engagement among key customer target groups. The Directors of Be Heard see design, build and UX as another key pillar of the business as it delivers on its vision of creating the next generation marketing group to help clients maximise their return on investment from digital marketing. To achieve this, the Company is seeking to acquire and join together best-in-class companies spanning the core digital marketing disciplines, providing access to management experience and deeper resources to enable them to develop and grow more quickly. Peter Scott, Executive Chairman at Be Heard, said: "The acquisition of MMT Digital is our second step towards Be Heard's ambition of forging an agile, interconnected digital marketing group. MMT Digital's award-winning team devise and create first-class websites and applications, delivering exceptional digital experiences for brands. Their skills and capabilities will become an integral part of our client offering. We look forward to welcoming the MMT Digital team on board and working closely with them as we build the Be Heard Group."
MMT Digital will be acquired by Be Heard for an initial consideration of £5.1 million and up to £15.4 million, subject to specific performance criteria measured until 2019. It is the second acquisition by Be Heard, after buying Agenda21 in November 2015. MMT Digital was founded in 1999 and currently employs 63 people across two offices in London and Uppingham in the East Midlands. The agency specialises in user experience, creating and building bespoke websites and applications. Be Heard said design, build and UX are a key pillar of the digital marketing business it wants to create, whereas Agenda21 brought to the table paid search, SEO and media. In the 12 months to March 2015, MMT Digital’s underlying profit before taxation was £1.1 million. Scott said last week that Be Heard expects to make three to four acquisitions of digital marketing agencies in the coming year as the mini-holding company seeks revenues of £100 million. The former chairman of Engine Group and chief executive of Aegis said Be Heard wanted to build up a group of companies that are "connected together – not just a stamp collection" and would work together "to offer best practice and better solutions for clients". Today Scott said: "The acquisition of MMT Digital is our second step towards Be Heard’s ambition of forging an agile, interconnected digital marketing group. MMT Digital’s award-winning team devise and create first-class websites and applications, delivering exceptional digital experiences for brands. "Their skills and capabilities will become an integral part of our client offering. We look forward to welcoming the MMT Digital team on board and working closely with them as we build the Be Heard Group."
" New industry Powerhouse" @ 4p pmsl. I think it's safe to say we will see this doe 500% at the very least this year.
Sources said that Be Heard is likely to make further acquisitions are soon in analytics technology and content production.
Can anyone tell me what it is (I know) Exactly...just how under valued are we? I mean? The first acquisition was £12 mill We have £8 mill in cash we just took out a £21 mill company? We only used £3.4 mill of the £8 mill cash to do so. How under valued is this company? We should be sitting at 15p or certainly heading there on it's return imo. That's two profitable companies we now have and with the ability to now cross-sell and further acquisition touted as ready this company is going to be a behemoth. BHRD did state they will only take on profitable companies.
Now, read this carefully! This is no mickey mouse company messing about with £4 and £5 mill acquisitions. A very serious company with huge ambitions. e Heard, the new advertising group founded by former Aegis chief executive Peter Scott, is poised to make its second acquisition as it attempts to build a new digital industry powerhouse. The company, which made its market debut on Aim last year, is close to announcing the £20m takeover of the website and apps design agency MMT Digital, according to City sources. It is understood that the initial price for MMT will be £5m, with the rest dependent on its performance over the next three years. Be Heard will fund the transaction with a mixture of cash and shares, sources said. The deal, which could be confirmed as soon as this morning, will mean Be Heard shares are suspended while it conducts the necessary fundraising. MMT, which employs 65 people in London and Uppingham, specialises in building websites and apps for clients including Comparethemarket.com, the NHS and Pearson. It made a profit of more than £1m last year. The company was founded in 1999 by friends Ben Rudman and James Cannings, who will stay on to run the agency under the Be Heard umbrella. They will join Be Heard’s first acquisition, the £11.9m media buying agency Agenda21, in November. Mr Scott, 68, a serial entrepreneur in the advertising industry, has told investors he aims to build a group that will operate in the gap between small independent agencies and “monolithic” holding companies such as WPP. Sources said that Be Heard is likely to make further acquisitions are soon in analytics technology and content production. After building up Aegis, which was later sold to Japanese rival Dentsu for £3.2bn, Mr Scott led Engine Group, another advertising group. It was sold to private equity for £100m in 2014.
I love the fact we work with the Meerkat, Sergey and of course Baby Oleg! Names that all will be familiar with...Now clients with BHRD. Cleint list is impressive: comparethemeerkat Bacardi Allegan F1 racing team Williams Martini The BBC To name but a few. Looks like the cross selling this acquisition creates is outstanding for us.
OOnce again stuctured for the benefit of share holders. Conditional agreement to acquire the entire issued share capital of MMT Digital from certain individual vendors · Initial consideration of c. £5.1m · Deferred consideration of up to c. £15.4m payable subject to performance criteria over the period to full year 2019 · Initial consideration and deferred consideration to be satisfied: o 65% in cash o 35% by the issue of new ordinary shares in the Company · Completion of the Acquisition is conditional, among other things on: o Be Heard shareholder approval, at a general meeting to be convened in due course o A placing of new shares in the Company to raise funds to facilitate the Acquisition o Subsequent re-admission of the Company's enlarged share capital to trading on AIM · Second acquisition by Be Heard, following the acquisition of Agenda21 in November 2015, in line with stated buy and build strategy to develop a next-generation digital marketing group at the intersection of marketing, technology and e-commerce
Still trying to extract urine I see.
In order to get to £100 mill in revenues they will have no choice but to deliver a big deal. I'm looking forward to it. It's a strong buy on any dips the MM create.
n the digital world everything is connected. The ability to target customers and measure the impact of communications increasingly quickly, even in real-time, is transforming the entire marketing value chain. Expertise in analysing data and deriving marketing insights has become a critical determinant of business success. Our vision is to create an agile and interconnected marketing group specialising in digital solutions designed to help clients achieve better results. We see the Group being built around four key pillars: · Media Planning and Buying · Content · Design, Build and UX · Strategy, Analytics & CRM
While a majority of marketers maintain a roster of specialist digital agencies, recent surveys and feedback from major brands and advertisers indicate that many are cutting the size of their rosters or even consolidating digital marketing assignments under a lead agency. Be Heard will leverage this opportunity by building a new digital Group spanning the key digital marketing disciplines. We have a clear plan to achieve this by acquiring best-in-class businesses and developing key capabilities within partner companies and across the Group. Our mission is to help clients achieve better performance through superior insight, innovative ideas and agile execution. Our model is based on working with vendors who share our vision and commit to Be Heard's success by becoming long-term shareholders in the Group. The initial focus is to establish scale and reach in the UK, US and Europe, targeting entrepreneurial and market-leading companies that meet our investment criteria in terms of sector, management depth, client retention, growth, margin and valuation. In addition to building capacity and capabilities across the Group, we will seek to add scale and depth to partner companies, as well as exploiting future opportunities and technologies as they emerge.
Good posts. We are in a huge growth market and aiming for the middle ground as P Scott stated. In the UK, the internet is projected to account for half of all advertising spend in 2016, the first major economy to hit this mark. Advertising expenditure on the internet overtook that on broadcast television across Western Europe in 2014 and this milestone is expected to be passed in the US in 2018. Globally it is projected that by 2020 internet advertising spend will be worth over $250 billion, representing a 60% increase versus 2015 and approximately 40% of all advertising, more than any other medium.
With CV's like that it's no wonder the expectations here are very high.
PETER SCOTT EXECUTIVE CHAIRMAN Peter co-founded the leading UK advertising agency Wight Collins Rutherford Scott that as WCRS Group was introduced to USM in 1983. He led the transformation of this Group to become Aegis Group plc that became the largest independent media buying group and was acquired by Dentsu in 2013. After taking a sabbatical from the industry Peter created and led the management buyout of WCRS from Havas in 2004 and then transformed the business into Engine Group, an integrated marketing services business that was sold to Lake Capital in 2014. Peter served as Chairman and CEO of Engine Group for ten years. ROBIN PRICE GROUP FINANCE DIRECTOR Robin is a qualified chartered accountant (FCA) and a fellow of the Institute of Practitioners in Advertising. He was a co-founder and Finance Partner of leading UK advertising agency HHCL and on its acquisition became Legal and Commercial Director at Chime Communications plc. He has since held roles as Chief Operating Officer (UK & Ireland) of McCann Erickson (part of the Interpublic Group) and as Global CFO/Commercial Director of ?What If! Holdings. IAN MAUDE GROUP DEVELOPMENT DIRECTOR Prior to joining the company, Ian served as Director of Digital Media and Technology at Enders Analysis, and independent TMT research and consultancy firm. He is former Vice-President of Interactive Marketing at AOL Europe, where he was on the UK management board with responsibility for commercial revenue. He played a lead role in establishing the IAB, the industry body which oversees and promotes online and mobile advertising, in the UK. RAKHI GOSS-CUSTARD (NÉE PAREKH) NON EXECUTIVE DIRECTOR From 2002 to 2014, Rakhi held various roles within Amazon becoming Director of UK Media when she was a member of the UK Executive team with P&L responsibility for media businesses. Previously she was a consultant advisor at Zappos.com and has prior experience of several start-ups and strategy consulting. She has experience of acquisitions through her oversight role with The Book Depository within the UK and is a Non-Executive Director of Rightmove plc, Kingfisher plc and Intu Properties plc. DAVID WILKINSON SENIOR INDEPENDENT NON EXECUTIVE DIRECTOR David is a qualified chartered accountant (FCA). As an audit partner at EY LLP from 1991 to 2015 he held positions as the Head of UK Entrepreneurial Services, UK IPO Leader and Bristol Office assurance partner. Additionally, he was a member of the UK firm's Strategic Implementation Group. David is Non Executive Chairman of AIM quoted CH Bailey plc. RODGER SARGENT NON EXECUTIVE DIRECTOR Rodger is a qualified Chartered Accountant (ACA) He has a track record in raising funding from institutions and individuals for the development of a number of publically quoted businesses. He is a Non-Executive Director of Satellite Solutions Worldwide plc, the UK's largest satellite broadband company.
Nigel Wray 33,900,000 10.2% Gresham House 24,450,000 7.3% Artemis Investment Management 21,900,000 6.6% Peter Robins 16,463,477 4.9% Hargreave Hale Limited 16,300,000 4.9% Marlborough Fund Managers Ltd 15,000,000 4.5% Henderson Global Investors 14,600,000 4.4% Rhys Williams 14,466,800 4.3% Candy Ventures S.A.R.L 13,250,000 4.0% Dowgate Capital 11,600,000 3.5%
Results International said in a statement that Agenda 21 has received "significant interest from a number of strategic partners looking to build and enhance their cutting-edge digital media and analytics capability” because of its strong client base and prominence in the industry. We should be getting some news on the partnerships soon imo
willing take take 500k @ 4p. Low volumes today but we will climb steady from here regardless.
The new initiatives at Agenda21 are beginning to take effect and have an encouragingly strong pipeline of new investment opportunities emerging in the UK, US and Europe. This is where the company grows organicaly so as well as the many acquisitions we will also see organic growth. This is the reason for the invesment at this level. all the growth is in front of us and as stated above it's already starting to bear fruit for the company. If you expand that over the 4 potential acquisition then you can see how this company can quicjky grow and start generating revenues of £100 mill within 9-12 months. CSI planned to do this within 3 years but BHRD trumps that by making £100 mill it's initial target and then £150 mill and so forth. Huge growth from where we are.