|looking good here...trading update due this month based on last year|
|46p being paid for approx £2000 lots and a few of those today, from 1430hrs onwards.
The nett result being a 1.75p/share uptick, which just goes to show how this one reacts very positively to even quite small new demand.
I'm feeling fairly confident that the broker's 60p won't be just a dream....and am looking forward to that.
|A bit more activity today :-)|
|Brker Nov 18 2016 target Price remained at 60p, which to me seems low, given the current broker forecasts of eps 6.7p and div 1.5p for 2016 - with 7.3p/1.60p for 2017.
Stock is well held by mgt. Finals due 22-3-2017, hence I guess being the reason for the recent buying - although still leaving a lowly sp, pending results confirming all's good at TMMG.
|Mr Day increased his holdings to over 7% in Nov. a sign of confidence IMV, also this up and running now it seems, DYOR
Mongoose and Speed Sport to merge creating one fully integrated Sports and Entertainment Marketing Agency
Speed Communications’; specialist sports division and its sister sponsorship Agency Mongoose are to join forces from January 2017 to form an enlarged sports and entertainment business under the Mongoose brand. The merger of the two businesses, both part of the missiontm, to create an enlarged specialist Agency will not only meet growing Client demand for breadth of offer and expertise in sport, but will create a powerful new force in the industry.
Set to go live as of January 1st 2017, the new business will be led by Chris O’Donoghue, currently CEO of Mongoose, with the current senior teams across both businesses forming one senior management team under his leadership.
Commenting on the forthcoming merger of the two specialists, O’Donoghue says: “Combining Speed Sport and Mongoose is a hugely exciting step for us all and one that makes perfect sense given our specialist skills, our increasingly close working relationship and our recent acquisition of Generate Sponsorship, which was the UK’s leading independent PR and sponsorship agency. We are all looking forward to growing and developing our expertise together as a truly integrated sports and entertainment marketing Agency."
Speed Communications will remain under the leadership of CEO Roberta Fuke and continue to focus on its Business, Corporate and Consumer specialisms, working closely with the Mongoose team to provide Clients with access to sports expertise wherever and whenever appropriate. “At the missiontm Group we operate a ‘one family’ mentality, and are constantly focused on providing what’s best for Clients. It makes sense to combine the missiontm’s specialist sports talents under one brand, leaving Speed Communications to focus on driving its core B2B and B2C business,” says Fuke.
Mongoose and Speed are part of The Mission Marketing Group plc (the missiontm), the marketing communications and advertising Group including April Six, AprilSix Proof, bigdog, Bray Leino, Chapter, RLA, Robson Brown, Solaris, Splash, Story and ThinkBDW.|
|Hard to buy for sure but got some more this week ........|
|PE ratio of 8, two good years of solid growth. Not sure why this one continues to be unloved. Perhaps its the past issues, or just under the radar|
|Should be good news if it's all panned out........DYOR
RNS Number : 4946K
The Mission Marketing Group PLC
22 September 2016
The Mission Marketing Group plc
Interim results for the six months to 30 June 2016
The Mission Marketing Group plc ("TMMG" or "the missiontm"), the marketing communications and advertising group, sets out its unaudited interim results for the six months ended 30 June 2016.
· Some great new business wins in the period, including Fuji Xerox, Golden Wonder, Greene King, Halfords, Mondelez, O2 and Sky Betting & Gaming
· Good progress made upscaling people, systems and technology
· Recent acquisitions trading well and global capabilities strengthened
· Expect to have a strong second-half bias as in previous years and remain confident for full year outlook
· Revenue up 10% to £32.4m (2015: £29.5m)
· Headline profit before tax up 10% to £2.6m (2015: £2.3m*)
· Reported profit before tax up 14% to £2.0m (2015: £1.7m*)
· Headline diluted EPS up 15% to 2.33 pence (2015: 2.03 pence*)
Balance sheet and cash flow
· Cash inflows from operating activities of £4.8m (2015: £2.3m)
· Acquisition obligations of £3.0m settled since year-end
· Period-end acquisition obligations reduced to £5.4m, of which only £2.5m due within one year
· Net bank debt reduced by £1.5m in the six months to £9.4m
· Debt levels continue to reduce and are comfortably within the Board's limits
· Interim dividend increased by 67% to 0.5p (2015: 0.3p)
· Payable on 2 December 2016 to shareholders on the register at 4 November 2016
*restated as explained in Note 1
David Morgan, Chairman, commented: "The first half of 2016 went very well for us as we continue to build on our profitable platform. We look forward to a positive second half and remain confident in the outturn for the full year, continuing the consistent growth achieved over recent years. To reflect our confidence in the business, the Board has decided to substantially increase the dividend."|
|Trading update on the 22nd Jan. last year,,,,,,,can we expect the same this year ?|
|sp showing some strength at last.|
|Good to see a Director buying yesterday :-)|
|Well done those that caught the bottom :))|
|Hopefully the space will finally reflect the true value of the company.|
|Moving up nicely today I see :-)|
|See we have a few buys this morning took a few more myself yesterday !|
|Another drop for no known reason...|
|good results by WPP today|
|At this point I would like to say that I filled my boots at the IMS and got my reward this week...but that would be a lie.
Perhaps its the close shave with bankruptcy some years back that has tainted potential investors? Or it may be its just too small to be on the radar. Either way I am feeling much better about this than I did this time last week.|
|DR B, I would put your sentence about mgt in a positive way; they have been very trustworthy with their pre results chat. I am amused by the lack of reaction to the current pre result comments as these results accurately predicted. The buying opportunity was there for all to see!|
|I am quite surprised by the reaction to yesterdays results. They were pretty much telegraphed in the IMS previously - perhaps there is some credibility gap between what they say and what the expectation is? I can't say in the few years that I have held these that the management has been untrustworthy.
Hopefully the dividend will now attract some of the smaller trusts and income seekers to take notice. It is still only at the same level as it was earlier in the year when the expectations were not yet reality. I know most in house broker often set unrealistic price targets, but 60p seems fair enough to me.|
|If I understand the dividend expectations,last year 1.2p was paid.if interim was increased by 66% and the final will also be so ,then a full year of 2p is implied. Yield around 5%|
|Good start to the day with some buying pushing the share price up, would be good to see this break the 45p resistance in the coming weeks,,,,,,DYOR|
|Highest daily volume for 2 and a half years today|
|David Morgan on the results video states the intention is for the final dividend also to go up by 2/3:-
"...and we are hoping to maintain that level of growth through the full year.."