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TMG The Mission Group Plc

21.50
-0.25 (-1.15%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
The Mission Group Plc TMG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.25 -1.15% 21.50 08:00:00
Open Price Low Price High Price Close Price Previous Close
21.50 21.50 21.50 21.50 21.75
more quote information »
Industry Sector
MEDIA

The Mission TMG Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
26/09/2023InterimGBP0.008702/11/202303/11/202301/12/2023
28/03/2023FinalGBP0.016713/07/202314/07/202328/07/2023
27/09/2022InterimGBP0.008303/11/202204/11/202202/12/2022
29/03/2022FinalGBP0.01614/07/202215/07/202229/07/2022
22/09/2021InterimGBP0.00804/11/202105/11/202103/12/2021
20/01/2021FinalGBP0.015311/02/202112/02/202101/03/2021

Top Dividend Posts

Top Posts
Posted at 17/1/2024 08:09 by devilsprofessor
And THATS how you recover a business. Well done TMG
Posted at 24/11/2023 17:43 by cliffpeat
Welcome RNS today:

MISSION Group plc (AIM: TMG), .... is pleased to announce the appointment of David Morgan as Non-Executive Chair.

IMO this is a good move. DM was an exec director from April 2010 to 30 September 2021 and holds 5+% of the company. He was at the helm in the growth years and no doubt, has a personal interest in pulling the group through this tricky period.

A knowledgeable and tough, objective, voice on board is likely to be a great asset. (And for those longer term holders, we can look forward to increasing our vocabularies when he delivers his Chairman's reports:)

Now wondering whether to risk buying stock against the recently "falling knife".

DYOR
Posted at 07/11/2023 17:41 by fillipe
See today's late RNS from TMG, I think.

f
Posted at 30/10/2023 10:41 by cliffpeat
Also: TMG website - please add a date to each of the "news" items.
Posted at 30/10/2023 10:11 by cliffpeat
Questions.

Is the loss of clients because or where, TMG agencies have not embedded themselves as "strategic partners" working alongside them?

Having operational people in the agencies that have the training and experience to understand business strategy at a senior operational level is essential - but I am guessing hard to find.

Does TMG have enough of those rare people?

I found this interesting. An extract from an interview with a successful agency founder, Matt Beswick who identifies the strategic partner role of the agency as a key requirement in the current environment.


Unless others have more information about the financial outlook of TMG it seems to me that the share price is simply a guess. I'm hoping it's currently an overly pessimistic guess.
Posted at 23/10/2023 07:39 by blackhorse23
Switched to GATC , dividend went up
Posted at 28/7/2023 07:56 by cliffpeat
Disappointed. This is why. TMG bought MezzoLabs in February.

Data analytics and "magic" AI for marketing support is "hot" at the moment and I expected this acquisition to be promoted heavily to clients and prospects of all the TMG agencies via the TMG website.

But the listing of the agencies ( includes no enticing promises - just as a link to

And that website is less than inspiring.

E.g. "old" content such as an echo-y training video from 2 years ago (i.e. pre GPT and all that is developing daily) - copyright notice still showing as 2022 - overall "messy" slightly ponderous feel and unlikely to impress a potential customer.

I am sure that some of "our" agencies already have skills and tools for data analytics and marketing automation. So will MezzoLabs continue as a "stand-alone" agency or will it be absorbed as an internal resource offered by all the other agencies to their clients?

It doesn't reflect well on the Group at the moment IMO. And we need a good H2 if profits and share share price are to be restored.
Posted at 13/1/2023 15:59 by davebowler
.............Trading on 2023 PE ratio of 6.2 and prospective dividend yield of 5.5 per cent
Posted at 09/12/2022 12:07 by bruce58
QS99 – I’m not understanding your eternal optimism about this share as the price keeps falling.
The shares have a large spread of 8.3% not taking into account dealing costs.
Very thinly traded, 475 trades in Jan and dropping to only 36 in Dec so far. The majority of the trades are by the Employee benefit trust.
The dividend doesn’t compensate for the fall in the share price from 89.5p in Apr 21 to today's mid price of 47p. And the dividend only equates to just over 5% at today's price.
As the new year approaches its time to review my portfolio and I think it’s time to cut the losses on this one as I don't see where the interest is going to come from to move the price.
Posted at 30/3/2022 16:41 by cravencottage
For those that haven't read ST's writeup!

On a mission for a higher rating

Annual revenue increases 17 per cent to £72.5mn
Six-fold rise in pre-tax profit to £7.5mn and earnings per share (EPS) to 6.57p
Dividend per share of 2.4p
Acquisition obligations slashed to £3.3mn
The market perception of UK advertising and marketing specialist The Mission Group (TMG:62p) and the reality of how the group’s network of 17 agencies are trading are not aligned.

The operationally geared group not only quadrupled underlying operating profit to £8mn driven by 16 per cent organic revenue growth, but rebuilt operating margins to 11.1 per cent. Trading recovered strongly in the second half of 2021 as the UK economy roared ahead following the end of Covid-19 related lockdowns.

For instance, the UK housing market boom has boosted activity at property agency ThinkBDW (34 per cent revenue growth). Both Bellway and Redrow are major clients and the sector accounted for around 18 per cent of last year’s revenue, says chief executive James Clifton. Mission’s technology focused agencies (20 per cent of group revenue) performed well during the pandemic, and continue to do so. Exposure to the US certainly helps, as Mission has offices in both San Francisco and Seattle - Amazon Web Services is now a top-five client.

The fact that 47 per cent of the client base has been with the group for five years or more highlights a high degree of satisfaction. Importantly, new clients are being added to the roster including Reckitt Benckiser, Porsche, BMW/Mini, Fuji Xerox and even the Met Office. The collegiate approach adopted by the group continues to deliver results as Mission booked £2mn of cross-referred business in the reporting period, and that excludes deals that were signed off just after the year-end.

Leveraging technology expertise is a strong focus, both in terms of enhancing the group’s data and analytics capability and for supporting client and new business growth, too. The latest offering being the 'Mission Brand Bonding Index', an online platform using comprehensive data and a bespoke algorithm to benchmark global brands. It has become an important tool to showcase the group’s expertise.

Mission’s acquisition of London-based Soul, a customer engagement agency that works with psychologists to help businesses better understand what motivates and drives customer decision making, has enhanced the offering, too. It is proving popular with leading brands Genting, John Lewis Finance, Michael Kors and SSE.

Mission paid £0.7mn of cash consideration for Soul and is modelling for a further £2.3mn earn-out payments that account for 70 per cent of the £3.3mn total acquisition liabilities outstanding. Of that sum only £1.1mn is due over the next two years, so will be easily covered by internal cash flow without the need to tap the group’s £25mn debt facility. At the end of 2021, net debt of £10.3mn equated to 1.2 times cash profit, a comfortable leverage ratio.

Rightly, shareholders are being rewarded. The annual dividend of 2.4p a share is covered 2.7 times by EPS of 6.5p with another rise likely this year. Analyst Roddy Davidson at house broker Shore Capital is pencilling in 9 per cent higher revenue of £79mn to lift pre-tax profit 12 per cent to £8.4mn. On this basis, expect EPS of 7.1p and a conservative looking pay-out of 2.5p.

Moreover, forecast operating free cash flow of £9.4mn could see net borrowings slashed to £5.9mn by the year-end while providing cash to pay dividends and meet earn-out obligations. If all goes to plan – and the 2022 financial year has started well – then Mission’s enterprise valuation of £66mn could fall to £61mn by the year-end. That valuation equates to seven times 2022 operating profit estimates, an anomalous rating in a consolidating sector.

Trading on a 40 per cent discount to net asset value (NAV) of 102.5p, priced on a forward price/earnings (PE) ratio of 8.7 and offering a 4 per cent prospective dividend yield, the 20 per cent share price decline since the interim results is unwarranted (‘Mission on course for strong profit recovery’, 22 September 2021). Buy.

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