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TMG The Mission Group Plc

18.50
-0.50 (-2.63%)
18 Nov 2024 - Closed
Delayed by 15 minutes
The Mission Investors - TMG

The Mission Investors - TMG

Share Name Share Symbol Market Stock Type
The Mission Group Plc TMG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.50 -2.63% 18.50 09:53:13
Open Price Low Price High Price Close Price Previous Close
19.00 18.50 19.00 18.50 19.00
more quote information »
Industry Sector
MEDIA

Top Investor Posts

Top Posts
Posted at 13/1/2023 15:59 by davebowler
IC's Simon Thomson tips our share here -
Posted at 20/1/2022 09:20 by theoldcodger
I've been an investor in TMG in the past and keep a close eye on the company as I'll almost certainly invest again in the future.

Whilst there's no doubt that TMG are cheap in comparison to their peers (in fact on most metrics), they have traded at a substantial discount to them for many years (at least the last 10 since I first invested), so I don't think it likely that this in itself will suddenly result in a rerating, although I don't see any reason why that shouldn't happen at some point. I don't currently feel that there's a compelling reason to buy, however, should the share price drift below 60p, I'd be sorely tempted, as increased earnings going forward, a decent/generous yield and a gradual rerating, could result in the share price really motoring.

Good luck to holders,
TOC
Posted at 20/1/2021 09:33 by davebowler
20 January 2021

THE MISSION GROUP plc

("MISSION", "the Group")

TRADING UPDATE AND NOTICE OF RESULTS

The MISSION Group plc (AIM: TMG), the alternative group for ambitious brands , today issues a trading update for the year ended 31 December 2020.

Trading update

2020 was clearly a year like no other with the UK under some form of restrictions for over three quarters of the year, including an unplanned second National Lockdown in November. Despite this challenging backdrop the strong recovery in trading momentum experienced in early H2 has continued throughout the second half of the year, reversing the first half losses felt at the economic height of the COVID-19 pandemic. As a result, the Group now expects full year headline PBT performance to be over GBP1m, comfortably ahead of market expectations.

The decisive and effective measures implemented from the outset of the pandemic, underpinned by our agile and empowered organisational structure, has enabled this result. Our phased COVID-19 management strategy of: survive, strive, thrive has also given us a strong platform for 2021 and beyond. Mindful of the ongoing restrictions resulting from the pandemic and our traditional second half trading bias, we again predict H2 2021 to out-perform H1 with a return to a pre-pandemic run rate by Q3 2021, leading to a strong start to 2022.

Strong cash management over the course of the year resulted in a reduction in year-end net bank debt to GBP1.3m (2019: GBP4.9m), representing a significant improvement on market expectations. This will leave us well placed to capitalise on the undoubted opportunities that 2021 will bring.

Reflecting on this strengthened position, the Board now proposes to reinstate the deferred 2019 final dividend of 1.53 pence per share. This dividend was committed to in our 2019 Annual Report (the period before COVID-19) and will be payable on 1 March 2021, to those shareholders on the share register as at close of business on 12 February 2021. We remain committed to our previously stated long term progressive dividend policy and will continue to monitor the situation as this year progresses in line with the performance of the Group.

Notice of results

The Group expects to announce its final results on 14 April 2021.

Commenting, James Clifton, Group Chief Executive of The MISSION Group plc, said:

"In a year that has brought huge challenges, our entrepreneurial culture has seen MISSION create new opportunities across the Group, ensuring we have been at the forefront of market recovery to deliver this strong performance. Increased collaboration across our Agencies has been underpinned by new acquisitions and the continued development of the MISSION Advantage, ensuring we are better positioned to make further progress against our strategic priorities in both 2021 and beyond. This is of course on top of all the hard work and dedication of all our employees in 2020 that gives us a new, strong foundation for growth."

ENDS

CONTACT


THE MISSION GROUP plc Tel: 020 7462 1415
James Clifton, Group Chief Executive
Peter Fitzwilliam, Chief Financial
Officer
SHORE CAPITAL (Nomad and Broker) Tel: 020 7408 4080
Mark Percy / James Thomas / Sarah
Mather
HOUSTON (Financial PR and Investor Tel: 0204 529 0549
Relations)
Kate Hoare / Laura Stewart

NOTES TO EDITORS

MISSION is a collective of Creative and MarTech Agencies led by entrepreneurs who encourage an independent spirit. Employing over 1,000 people across 31 locations and 3 continents, the Group successfully combines its diverse expertise to bring about commercially effective solutions for some of the world's biggest Clients.

www.themission.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Posted at 02/4/2020 11:26 by dr biotech
Investors champion tipped these as a sell last year before the share price doubled.
Posted at 25/3/2020 12:17 by cliffpeat
@QS99 - agreed and with your earlier posts.

A key factor is the make-up of the client base. e.g. WGB.L announced today that they have closed factories and stopped marketing spend - they produce wallpaper and have a design portfolio and receive royalties from clothing manufacturers and others.

But of course, there are still viable businesses in other sectors.

When we come out of this crisis period I suspect that TMG will be out of the blocks and sprinting - they just seem to be those sort of people. They'll want to make up for lost time and lost money.

And TMG has Pathfinr/fuse

The merging of some of the agency operations, change of name and "Raising the profile of MISSION and putting MISSION at the heart of new business development" in the 2019 interim results Powerpoint - all make me wonder whether they have started to shape the business for a trade sale. (Also David Morgan's age - 73)

pp 18-23
Posted at 05/2/2020 11:33 by mfhmfh
I think the master investor tip has helped to raise awareness of this 'under the radar' company which is still priced very cheaply.

I wouldn't be surprised if there's another boost to the share price when ST in IC tips this. His target price is 115p.

It might even be included in his 2020 Bargain Shares portfolio which is coming out this week.

All IMHO.
Posted at 04/2/2020 18:46 by mfhmfh
Tipped by Master Investor:

hxxps://masterinvestor.co.uk/equities/the-mission-group-going-for-tenth-year-of-growth/

'This group’s shares, which are trading at around the 88.5p level, are wrongly rated and should be a great deal higher.'
Posted at 22/1/2020 14:15 by thorpematt
f15lcm,

Not kidding WPP has about £7bn in debt

forward Divi cover here is now over 4x and a fPER of just 8

I honestly think profit taking in Autumn 2019 has been the drag, but new investors are buyin in here at a disount to the wider index of almost 50% off (consider the all share is above 15x PER now).
Posted at 08/10/2007 10:07 by bbbb
those who prefer detailed information to back up personal opinion may want to see the ORIGINAL Pamodzi agreemment (prior to the amended terms) released as
a SENS to the Johannesburg Stock Exchange.

Date: 2007/09/03

PZG
PZG - Pamodzi Gold Limited - Detailed announcement
Pamodzi Gold Limited
(Incorporated in the Republic of South Africa)
(Previously Bema Gold SA (Proprietary) Limited)
Registration number 2002/013039/06
JSE Code: PZG ISIN: ZAE000088563
("Pamodzi Gold" or "Company")
DETAILED CAUTIONARY ANNOUNCEMENT REGARDING THE PROPOSED ACQUISITION OF PRESIDENT
STEYN GOLD MINE FROM THISTLE MINING INCORPORATED, FURTHER ANNOUNCEMENT REGARDING
THE ACQUISITION OF THE ORKNEY BUSINESS FROM HARMONY GOLD MINING COMPANY LIMITED,
ANNOUNCEMENT REGARDING A THIRD PARTY PRIVATE PLACEMENT AND A CAPITAL RAISING AND
FURTHER CAUTIONARY ANNOUNCEMENT
Pamodzi Gold is pleased to announce that the board of directors of Thistle
Mining Incorporated ("Thistle") has accepted its indicative non-binding proposal
("Indicative Proposal") to acquire the President Steyn gold mine in the Free
State gold fields for a total consideration of R300 million ("President Steyn
Transaction").
Further to the detailed cautionary announcement released on SENS on 24 April
2007, 28 June 2007 and 7 August 2007, Pamodzi Gold would like to announce that
the formal agreements in respect of the acquisition by Pamodzi Gold of the gold
mining business known as the Orkney Shaft No.'s 1 to 7 ("Orkney Business") from
Harmony Gold Mining Company Limited ("Harmony"), as a going concern ("Orkney
Transaction"), have been signed.
Upon implementation of the President Steyn Transaction and the Orkney
Transaction the annualised gold production of Pamodzi Gold will increase to c.
400 000oz per annum.
In addition, the Company has decided to meet certain capital development
objectives, for both its current operations and for the Orkney Business (Pamodzi
Gold envisages taking over operational control of the Orkney Business from 1
October 2007) through a private placement of up to 4,100,000 new Pamodzi Gold
ordinary shares with selected institutional investors ("Interim Capital
Raising").
Pamodzi Gold will, on behalf of a third party, privately place up to 3,700,000
existing Pamodzi Gold ordinary shares with selected institutional investors
("Third Party Private Placement"). The Company will not receive any proceeds the
Third Party Private Placement.
1. The President Steyn Transaction
1.1 Rationale
In line with the Company's stated intention to grow its business by acquisition

as well as through organic means, Pamodzi Gold sent an Indicative Proposal to
the board of directors of Thistle in terms of which Pamodzi Gold offered to
acquire the President Steyn Gold Mine (Free State) (Proprietary) Limited
("President Steyn"). The President Steyn Transaction offers Pamodzi Gold:
- approximately 1.9 million oz of proven and probable reserves;
- a 100,000 tpm capacity processing plant;
- 5 established underground shafts;
- the Golden Triangle project targeting a block of ground immediately below
current infrastructure at the number 9 shaft. The feasibility study made
available to Pamodzi Gold indicates an estimated 2.77 million tonnes of measured
and indicated resources containing 1.04 million oz of in situ gold at a grade of
11.65 g/t using a 3.0 g/t cut off; and
- the Eldorado exploration project with potential to increase reserves and
profitable gold production.
(Shareholders are referred to www.sedar.com for further information on Thistle
and the President Steyn Gold Mine).
Pamodzi Gold is in a good position to secure capital to develop President
Steyn's Golden Triangle project and to further explore the Eldorado reefs. The
President Steyn Transaction secures a foothold for Pamodzi Gold in the Free
State gold fields and is a further step in achieving the Company's stated
strategy.
Pamodzi Gold is pleased to announce that the board of Thistle has accepted the
terms contained in the Indicative Proposal.
1.2 Settlement of the President Steyn purchase consideration
The consideration for the President Steyn Transaction is a cash payment of R300
million ("President Steyn Purchase Consideration"). In terms of the Indicative
Proposal, the President Steyn Purchase Consideration will be allocated as
follows:
- R100 in respect of the entire issued share capital of President Steyn; and
- the remainder to the claims on loan account.
Thistle has undertaken to invest R150 million of the R300 million cash payment
into a convertible debt instrument ( convertible in May 2009) in a special
purpose vehicle ("SPV"), wholly owned by Pamodzi Resources (Proprietary)
Limited, which SPV shall subscribe for Pamodzi Gold ordinary shares in order to
maintain the Company's level of black ownership.
Pamodzi Gold intends to raise the remaining R150 million cash portion of the
President Steyn Purchase Consideration through a private placement of Pamodzi
Gold ordinary shares with selected institutional investors once further
regulatory approvals have been obtained.
1.3 Exclusivity

Pamodzi Gold and Thistle have agreed to negotiate and deal exclusively with each
other in good faith until 30 November 2007, subject to early termination of such
exclusivity in certain limited circumstances. In return for this grant of
exclusivity, Pamodzi Gold has agreed to pay Thistle R3.5 million, which amount
will be offset against the final President Steyn Purchase Consideration. Pamodzi
Gold has also agreed to pay a break fee to Thistle in certain limited
circumstances.
1.4 Conditions precedent to the President Steyn Transaction
The President Steyn Transaction is subject to, inter alia, the conditions
precedent summarised below:
- the entering into of final binding legal agreements;
- the shareholders of Pamodzi Gold and Thistle, to the extent required,
passing all resolutions necessary in order to approve and implement the
President Steyn Transaction; and
- the approval of, inter alia, the JSE Limited, Department of Minerals and
Energy, the South African Reserve Bank and the South African Competition
Authorities; and
- Pamodzi Gold obtaining funding in order to enable it to pay the cash
portion of the President Steyn Purchase Consideration.
2. The Orkney Transaction
2.1 Orkney Transaction update
With regard to the Orkney Transaction, both Pamodzi Gold and Harmony have signed
the formal agreements which will, subject to the conditions precedent
(summarised in 2.3 below), result in Pamodzi Gold acquiring 100% of the issued
share capital of Clidet 759 (Proprietary) Limited ("Clidet 759"). Clidet 759 is
a newly incorporated wholly-owned subsidiary of Harmony, which has been set up
by Harmony in terms of section 42(1) of the Income Tax Act, 1962, to house the
Orkney Business.
Pamodzi Gold has engaged Harmony in order to take over management control of the
Orkney Business under a contracting agreement by 1 October 2007 prior to all the
conditions precedent being met. Harmony has in principle agreed to this
arrangement and both parties envisage signing a formal agreement within the next
three weeks. Pamodzi Gold will therefore be entitled to all of the revenue
generated by, and the capital funding requirements of, the Orkney Business from
1 October 2007.
2.2 Settlement of the aggregate acquisition consideration
The aggregate acquisition consideration payable by Pamodzi Gold to Harmony for
the Orkney Business is equal to R550 million ("Initial Orkney Purchase
Consideration") plus a secondary consideration calculated at -
- 3% of the net smelter revenues in respect of the first 1 million ounces of

gold produced by the Orkney Business after the effective date of the Orkney
Transaction; and
- 1.75% of the net smelter revenue in respect of all gold produced by the
Orkney Business thereafter, subject to an aggregate maximum amount of R450m
(collectively "the Aggregate Acquisition Consideration").
The Initial Orkney Purchase Consideration will be settled by Pamodzi Gold
through:
- the payment of a cash amount of R350 million; and
- the issue of 9,272,903 Pamodzi Gold ordinary shares to Harmony
("Consideration Shares").
Pamodzi Gold intends to raise the R350 million cash portion of the Initial
Orkney Purchase Consideration through a combination of senior debt and a private
placement of Pamodzi Gold ordinary shares with selected institutional investors
once further regulatory approvals have been obtained (primarily, Ministerial
consent in terms of section 11 of the MPRDA).
The number of Consideration Shares to be issued to Harmony has been calculated
based on the 30 day VWAP of the Pamodzi Gold ordinary share price on the JSE up
to the business day immediately preceding the date upon which the detailed
cautionary was announced, being 24 April 2007, which VWAP is equal to R21.57. In
terms of the formal agreements, Harmony shall not be entitled to dispose of the
Consideration Shares for a period of twelve months after the effective date of
the Orkney Transaction. Should Harmony wish to reduce its exposure, it may
approach Pamodzi Gold and request it to place such shares privately with
selected institutional investors.
2.3 Conditions precedent to the Orkney Transaction
The Orkney Transaction is subject to, inter alia, the conditions precedent
summarised below:
- the board of directors of the Clidet 759 approving the transfer of all of
the ordinary issued share capital of Clidet 759 to Pamodzi Gold;
- the shareholders of Pamodzi Gold passing all resolutions necessary in order
to approve and implement the Orkney Transaction;
- Harmony converting its Old Order Mining Rights to New Order Mining Rights
in terms of Item 7 of Schedule 2 of the MPRDA;
- the Minister of Minerals and Energy consenting to the transfer of all of
the issued share capital of Clidet 759 to Pamodzi Gold in terms of section 11 of
the MPRDA; and
- Pamodzi Gold obtaining funding in order to enable it to pay the cash
portion of the Initial Orkney Purchase Consideration.
3. Timing and shareholder approvals
Pamodzi Gold will publish a combined circular to shareholders providing

information on both the Orkney Transaction and the President Steyn Transaction
("the Transactions") during October 2007. The notice of general meeting,
attached to the circular, will convene a meeting of shareholders to vote on the
resolutions required to implement the Transactions. It is envisaged that the
general meeting will take place during late October or November 2007 at the
offices of Pamodzi Gold.
4. Interim Capital Raising and Third Party Private Placement
The Company has decided to delay the respective capital raisings for the
President Steyn Transaction and the Orkney Transaction until the various
regulatory approvals have been received, specifically:
- the approval by the competition tribunal of the President Steyn
Transaction; and
- the receipt of the section 11 approval from the Minister of Minerals and
Energy in respect of the Orkney Transaction.
Currently, the capital raisings in respect of the President Steyn Transaction
and the Orkney Transaction are envisaged to commence concurrently in late
November 2007.
However, in the interim, the Company is required to meet certain capital
development objectives, for both its current operations and for the Orkney
Business (which it will be taking operational responsibility for from 1 October
2007) through a private placement of Pamodzi Gold ordinary shares with selected
institutional investors.
In terms of the Interim Capital Raising, Pamodzi Gold will issue up to 4,100,000
new Pamodzi Gold ordinary shares for the purpose of funding:
- certain capital development requirements of the Orkney Business resulting
from the transfer of operational control of the Orkney Business to Pamodzi Gold
on 1 October 2007; and
- an accelerated capital development program at its current operations.
In addition, on behalf of a third party and in order to settle certain financial
obligations of such third party, Pamodzi Gold will privately place up to
3,700,000 existing Pamodzi Gold ordinary shares with selected institutional
investors. The private placement is not on behalf of management and the Company
will not receive any proceeds from such placing.
5. Further cautionary announcement
Shareholders are advised to continue to exercise caution in dealing in their
shares until a further announcement is made.
Johannesburg
3 September 2007
Merchant bank and sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited

Legal Advisors
Cliffe Dekker
Bookrunner
RMB Morgan Stanley
Date: 03/09/2007 17:30:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.


[Company description]=PZGOLD
[SEAQ I Indicator]=N
Posted at 21/5/2007 07:25 by holdontightuk
Hey guys, I mentioned this one to you all a year or so back....interest and the share price finnally seem to be picking up and market cap remains similar to TMG...I hold, DYOR etc

Pacific North West Capital Goes Back To Its Roots
May 16, 2007


By Minesite Canadian Correspondent

Harry Barr and his team at Canadian listed Pacific North West Capital are making an aggressive push to add value beyond its 50 per cent stake in a plus 1 million ounce palladium resource at the River Valley project and investors are starting to take notice.


Never one to shy away from an emerging area play, Harry's latest move has Pacific North West picking up a number of new nickel projects in and around the Winter Lake area of Canada's Northwest Territories. This is the region that sparked a lot of investor interest last month when fellow junior GGL Diamonds reported that it had found nickel, while exploring for diamonds. Yes, reminiscent of the gigantic Voiseys' Bay nickel find by Diamond Fields in the 1990s. The news caused GGL stock to soar from C$0.13 per share to an intraday high of C$1.50. Of course, common sense has since prevailed and GGL shares now fetch around C$0.53. That said, the very early staged discovery of nickel mineralization grading only 0.4% lies within an extensive belt of rocks previously identified by a mapping project funded by the Geological Survey of Canada and reported as having the potential for hosting magmatic nickel mineralization.


The belt, named the Winter Lake Supracrustal Belt, includes large volumes of mafic and ultramafic rocks, dated as being 2.7 billion years old and including tholeiitic basalts, komatiites, serpentinized peridotite, and gabbro intrusions. In other words, the same age and same types as many of the world's sulphide nickel resources including Thompson Nickel Belt of Manitoba, the Raglan belt in northernmost Quebec, the Kambalda deposit in Western Australia, and Hunter's Road in Zimbabwe.


"GGL's technical team should be credited with identifying what may be one of the first new nickel areas since the discovery of Voisey's Bay," says Harry. "Management is excited about being involved in the beginning of what appears to be one of the first new base metal staking rushes in recent times in the North West Territories."


Pacific North West is now just finalizing its budget for the project, which is expected to include airborne and ground geophysical surveys aimed at defining potential target areas for nickel mineralization. Just as importantly for shareholders, Pacific North West is positioned should the area really heat up this summer.


A much shorter match stick to potentially light a fire under Pacific North West's share price is a 2,000 metre drill program now underway on the West Timmins nickel project. The company's partner on the project, Xstrata Nickel recently completed deep drill testing it's adjoining Montcalm mine property, which hosts an estimated 4.2 million tonnes grading 1.45% nickel and 0.69% copper are in the measured category and are expected to support a mine life of approximately 8.5 years. The drill program with test geophysical conductors to depths of 200 metres south of the Montcalm Mine claims. Pacific North West can earn 100 per cent of the project by spending C$4 million over a 4 year period but Xstrata retains a 2% net smelter royalty and also has the right to earn back a 65 per cent stake, by either completing a feasibility study or spending $20 million on a feasibility study, whichever occurs first. So if lightening strikes, the major is covered.


News is also starting to flow from Pacific North West's platinum reconnaissance program in Quebec. Last year, Pacific North West teamed up with SOQUEM, a subsidiary of Société Générale de Financement du Québec, to identify and explore for platinum properties in the province. Work on the Taureau Project identify PGM mineralization in mafic intrusive bodies with two samples returning assays averaging 1.17grams palladium per tonne, 0.14 gram platinum per tonne, 0.29gram gold per tonne, 1.62% copper and 0.35% nickel. Clearly early days but a nice start. According to Harry; "Our partnership with SOQUEM is advancing on schedule. Grassroots exploration conducted in 2006 should provide us with drill ready targets over the next few months. The technical expertise of our partner SOQUEM is unmatched."


While this new exploration activity has prompting renewed interest from investors, Pacific North West Capital in partnership with Anglo Platinum is not about to back away from their flagship River Valley project in Ontario. Little wonder given that Anglo has already committed over C$19 million and can take its interest up to 60 per cent by providing a feasibility study and earn an additional 5 per cent by providing production financing.


It is not that River Valley has failed to deliver results over the years; it is just that investors have grown impatient. Last year's Phase 9A program cut a new style of PGM mineralization, the type comparable to the Bushveld Complex of Southern Africa. This kept Anglo in the hunt and also attracted the interest of Stillwater Mining, the largest primary producer of platinum group metals outside South Africa and Russia. Stillwater invested C$2 million in Pacific North West. But after nearly a decade of exploration results out of River Valley without news of mine development, shareholders just yawned at the recent developments. Still with a current measured and indicated resources marking 953,900 ounces of palladium, 329,500 ounces of platinum and 59,500 ounces of gold, one good drill hole could well put the play back on the map of investors.


For its part, Stillwater has gone on to ink a deal on Pacific North West's Goodnews Bay platinum project in Alaska and the producer will also fund reconnaissance on Pacific North West's other Alaskan projects. To earn an initial 50 per cent, Stillwater must fund US$4 million in exploration.
All this action is reminiscent of Pacific North West's early days when the company used top notch technical expertise to uncover hidden gems and then farm them up to bigger companies with deeper pockets. After all that is how River Valley started and the initial results made Pacific North West a market darling, albeit only for a short period of time. Some investors are already taking notice of the similarities as shares in the company have hit 52-week highs of C$0.52, up from C$0.27 at the start of the year. Pacific North West says that it committed to acquire new PGM and base metal projects, as well as working up the current ones. The promise of diversified news flow makes Pacific North West a company well worth watching in the second half of 2007.

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