Share Name Share Symbol Market Type Share ISIN Share Description
The Mission Marketing Group LSE:TMMG London Ordinary Share GB00B11FD453 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 45.30p 43.60p 47.00p 45.30p 45.30p 45.30p 21,526 06:40:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 144.1 5.9 5.4 8.5 37.78

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Date Time Title Posts
10/1/201810:35The Mission Marketing Group1,098
29/2/200816:46One for 200760

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Mission Marketing Group (TMMG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-01-19 15:12:4545.201,000452.00O
2018-01-19 12:18:4344.155,0002,207.50O
2018-01-19 12:17:3045.30500226.50O
2018-01-19 11:19:3444.2215,0266,644.50O
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Mission Marketing Group (TMMG) Top Chat Posts

DateSubject
19/1/2018
08:20
Mission Marketing Group Daily Update: The Mission Marketing Group is listed in the Media sector of the London Stock Exchange with ticker TMMG. The last closing price for Mission Marketing Group was 45.30p.
The Mission Marketing Group has a 4 week average price of 40.30p and a 12 week average price of 38.50p.
The 1 year high share price is 51.50p while the 1 year low share price is currently 38.50p.
There are currently 83,398,195 shares in issue and the average daily traded volume is 76,510 shares. The market capitalisation of The Mission Marketing Group is £37,779,382.34.
10/1/2018
08:57
glasshalfull: TMMG Like many investors I’ve reviewed my holdings & watchlist during the last fortnight. I topped up and added substantially in relation to a few (such as CROS, OPM & PTY) which appeared undervalued - IMHO - in relation to prospects. Another on my list was an old favourite, The Mission Marketing (TMMG), a marketing communications & advertising company. This company has been in & out of my portfolio during the last few years. Last invested here in early 2016. TMMG’s profitability had recovered during recent years after running into difficulties & ramp up of debt suffered in the wake of the 2008/09 financial crisis. The FY09 results highlighted that net debt had ballooned to £20m & David Morgan was parachuted in as CEO as debt was restructured. Since 2014 the shares have been rangebound between 35p-50p with few exceptions. They are currently 43p mid-price having yet again failed to break the 50p ceiling. They have been on a high single digit PER for as long as I can remember. I feel that this may be about to change. “Why now?”... I here you ask. Well, the market have given this company a wide berth over the last few years. However - you knew there was to be a further however - their performance over the last 7 years belies this weak share price IMHO. They have delivered consistent earnings growth over the period, with exception of 2013 (nil growth) while introducing a progressive dividend policy in 2013. Earnings Record - year end Dec 2010A EPS 3.5p 2011A EPS 4.2p (+22% EPS growth) 2012A EPS 4.5p (+7% EPS growth) 2013A EPS 4.5p (nil growth) / Div 1p 2014A EPS 5.1p (+15% EPS growth) / Div 1.1p 2015A EPS 5.9p (+15% EPS growth) / Div 1.2p 2016A EPS 6.4p (+9% EPS growth) / Div 1.5p Forecasts 2017E EPS 7p (+11% EPS growth) / est. Div 1.7p (yield 4%) 2018E EPS 7.8p (+12% EPS growth) / est. Div 1.8p (yield 4.2%) 2019E EPS 8.8p (+13% EPS growth) / est. Div 2.0p (yield 4.7%) A credible record due in part to the long term relationships they have established with an exceptional blue chip client base. Presentation link below highlights (on p6) the fact that Aviva, BP & Bellway have been clients for over 20 years! Recent client wins, per their interim statement, include Mars, Neff, Reckitt Benckiser, Revlon, The Royal Mint and Universal Studios. As mentioned this strong client retention means they have better revenue visibility than many peers with 57% of their revenues delivered from clients of 5 years standing or more. The company have also grown to encompass 14 agencies across the globe. TMMG have quietly flown under the radar despite forecasts of double digit CAGR during the next 3 years. They also introduced a dividend in 2013, and as observed, the yield is forecast to have crept up to 4% for 2017. Meanwhile, net debt has reduced from £20m in 2018 to £11m today. Should be noted that once net debt reduced to c.£10m they undertook a few small bolt on acquisitions over the last couple of years. Importantly, free cashflow & margins are also expected to improve during the next few years. In 2016 FCF was £4.5m for a yield of 13.3% and in 2017 forecast to be £4.2m for yield of 12.3%. With investment made in recent years its is forecast to substantially improve in 2018 & 2019 to 17.6% & 19.5% respectively. PBT margins are also forecast to increase from 10.7% in 2016 to 12.6% in 2019. It should be noted that the company have a large H2 weighting - as anyone who reviews their interim statements will have observed over the years. This may be one reason for the low rating, as we all know that statement implying a H2 weighting may be perceived as a pending profit warning in many cases. Interim presentation here HTTP://www.themission.co.uk/media/1196/mission_interim_powerpoint_2017_v1.pdf So, in summary, the share price has gone nowhere for the last 3 years, while earnings have returned low double digit growth. I believe that if TMMG continue to deliver as per forecast, then it would not surprise me to see them break out from 35p-50p range before too long. Is it speculative to consider that they could double from the current share price price (43p) over the course of the next 18/24 months???... and while one is waiting there is a 4% dividend yield on offer that rises to 4.7% by 2019. Even if the share price doubled, on 7.8p forecast earnings in 2018 & 8.8p EPS in 2019, they would only be on a PER 10 - 11, which is hardly a racy multiple. Stock - o - pedia appear to agree, with TMMG on a Stock Rank rating of 91 & Magic Formula score A+ Disclosure I’ve been buying over recent sessions so as always, please consider my musings with a large pinch of salt and DYOR. This is not a full write-up but simply a short synopsis. Kind regards, GHF
06/12/2017
11:19
bbluesky: Don't agree about the director selling. Of more interest is the institutional buying that went with it, a big positive. Share price imo at stale bulls point, price driven down on no news and very little volume and an excellent long term buying opportunity.
05/12/2017
10:43
red_shed2000: Well against my better judgement I have topped up today. I am so over weight here it's untrue but I really don't understand why the share price hasn't moved for 3 years despite ever increasing profits and cash flow. One day they will either fly or be taken over. I just repeat the same phrase here month after month - the market can remain irrational longer than I can remain rational....
13/10/2017
11:59
thirty fifty twenty: TMMG at 48p – the contract win for DTI is , I think, hugely significant. TMMG share price has been lowly rated for years not for the lack of profit growth, cash generating, debt reduction, or dividend increases! But because of worries re being a people business, the general quality for a small cap plc, the quality of earnings when CASH is regularly used to buy in growth. I think this contract puts these all to bed , and some…. As a multi year contract, across multiple countries, which is of the highest profile (BREXIT for world’s 7th biggest economy!), it means that people will stay with the agency for the experience, it is organic growth rather than an acquisition, it is highly visible and its gives the company huge credibility. So I think it bats away investors previous concerns. What are the financials... well no update from the company yet but it is easy to play around with averages for conferences and get £1m to £2m per year – probably at the lower end of this range. Remember the agency Bray Leino, which has a 20 year growth record, which is c. 40% of TMMG t/o has said it is the most significant thing in their history! So it seems reasonable to assume it is significant. Much more so, I think it wil enable TMMG to pitch and convert to sales much more easily so their will be a significant halo affect. Other aspects… in the last 3 RNS’s TMMG has enthused about all the other agencies and their progress and opportunities – there is little mention of Bray Leino – so this is on top of current expectations. When TMMG announced their ‘growth scheme’ in March the CEO of Bray Leino got the highest level of incentive shares. I thought that was interesting because the salary of all the board members is pretty much the same some take it as salary, others as benefits but , aside from founder David Morgan, they are pretty much banded. – which is intentional to ensure equality amongst these different entrepeneurs. My view is that TMMG felt this contract was a possibility way back at the start of the year and created a ‘growth scheme’ which gave them reward if it was pulled off. At the time the share price hurdle of 75p seems ludicrous compared to the market price of 40p but I think now it gives an indication as to what potential they see in future contracts. And of course we don’t know what else they have yet to announce.. the latest RNS was stuffed full of optimism for future pitches. And the chart…. There is a classic flag break, with volume, out of a growth trend going back to 2010 which predicts a price move to c.80p which was previous resistance. From this break out there is no resistance until that point though I think 50p will be a sticking point for some technical analysis. The catalyst for a major move would be an RNS from the company. Paul Scott owns the shares so I think any positive RNS will be highlighted through him and also ST is likely to update positively. All IMHO, DYOR + BoL TMMG is in my top 5 hldgs
24/7/2017
07:28
mfhmfh: IMHO solid trading update as usual, share price unlikely to move as usual.
11/5/2017
13:36
gingerplant: This is simply much too cheap on almost all measures IMO. OK in an absolutely ideal world you'd have a ptbv discount, but given the acquisitions and the nature of the business, they're always stuffed full of intangibles. This is still way cheaper than its peers and whilst the balance sheet isn’t as strong as you'd like, it is improving - and they are VERY cheap on earnings & expect growth this year. Understandably, the Long Term Incentive Plan is unpopular but the target price for the options at 75p is kind of "N/A" AFAIAC. However, a share price of around 65pps (with a corresponding P/E of around 8 and falling) looks much more reasonable IMO; at which the anticipated yield (currently 4.2%) would be 2.77%, so still not unreasonable and only marginally behind the sector average.
22/2/2017
10:45
red_shed2000: If they get the share price to 75p they are welcome to the shares!!!
23/1/2017
17:04
red_shed2000: And that article was written when the share price was 47p!!
19/1/2017
07:49
red_shed2000: Dr Biotech. Agree. Grossly undervalued for years (and I have held for most of those years!) My strategy here has been different to any other share i own in that I have ever ignored the share price going down because I firmly believe it will re-rate at some point...today? Tomorrow? Next year? I Don't know but it will.....as long as they continue to deliver what they say they will which appears to be the case. GLA.
22/1/2016
09:52
davebowler: Finncap; The Mission Marketing Group*: Trading update (CORP) The group has issued a trading update for the year to December 2015. The statement confirms that the group has performed well throughout the second half of the financial year and that recent acquisitions are trading well. As a result, final results will be in line with market expectations. The finnCap forecast is for an adjusted PBT of £6.4m, which implies an H2 adjusted PBT of £4.22m. The statement also confirms that net debt will have increased on the last year-end level as a result of the acquisitions, but that the gearing and debt leverage ratios will be broadly unchanged year-on-year and well within internal targets. Following the statement, our 2016 forecast adjusted PBT remains unchanged at £7.4m. At the current 40p share price, the implied 2016 valuation metrics include EV/EBITDA of 4.2x, a PE of 6.0x and a yield of 3.2%. We view this as good value given the forward growth profile and retain our 60p share price target. Final results are expected on 22 March. Analyst: Mark Paddon
Mission Marketing Group share price data is direct from the London Stock Exchange
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