TMN - 10 months of slide...low p/e & cash rich. (TMN)

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Creator Outsider	Created 15 Nov 2007	Posts 2315	Last Post 4 years ago

WARNING Please note I have not verified the information contained in this thread so PLEASE DO YOUR OWN RESEARCH

Parties believed to be in discussions with TMN include 3i Group Plc..& August Private Equity and Trinity Mirror Plc.......Danson ups stake to 24% 1st May 08.

One of the UK's largest online direct marketing organisations, TMN Group plc was established in 1999 and has been listed on the London Stock Exchange since 2000. Following TMN's acquisition of EDR and iD Factor in 2005, it has grown to a multi-million pound turnover group, with the objective of dominating the online direct marketing sector.

A number of services are covered by the 3 divisions in the group: TMN Media, EDR Agency and iD Factor. Each brand provides a specialist approach to their field of expertise. On 7th January TMN bought TAPPS B.V for 8 million pounds and on the 14th February 2008 TMN bought IBG group in an all share deal. Both acquisitions are expected to be earnings enhancing.

TMN GROUP WEBSITE

PLUM PRIZES WEBSITE

TAPPS B.V. WEBSITE

IBG WEBSITE

Investec believes TMN's valuation looks low on a forward multiple of around 5 times. This compares with online market research peers on an average of 17 times and online marketing peers on about 14 times, it pointed out.........Feb 15th 2008

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