 (Sharecast News) - Marketing firm The Mission Group said on Tuesday that it had delivered "strong, profitable growth" in FY24, underpinning its confidence for FY25.
The Mission Group stated it had continued to see "a resilient trading performance" across all segments in H2 and now expects to report FY24 revenue growth of 2% to £88.0m.
The AIM-listed firm also said its "diligent cost control" over the course of the year had underpinned profitable growth, with headline operating profits expected to be between £9.0m and £9.2m - up approximately 38% on the prior year and in line with market expectations. Headline operating margins were expected to be 10.5% for FY24, a year-on-year improvement of 40%.
Interim chief executive Mark Lund said: "2024 has seen MISSION not only deliver a resilient trading performance but take great strides to strengthen the business for the future, ensuring we are leaner and less complex with a significantly improved balance sheet.
"We enter 2025 with momentum and confidence and look forward to capitalising further on this progress as we focus on delivering for our clients, our people and our shareholders." |
With excellent recurring revenues sits on a mkt cap of £27m, p/b 0.35 and psr only 0.14
Director buy of 82,000 @30p recently.
Well respected Lawrence Hulse of ONWD talks about TMG here (33.25 mins in):
Debt now considerably reduced following recent disposal.
I have opened a position. |
Mystery solved. TMG is one of SCSW tips for 2025 which explains the bounce yesterday. Always nice to get some validation from one of the slightly better tip sheets. |
Well they fell back to 26p after the ST tip on Jan 6th albeit they had been down at 18p back in December.
If they get the full £14.7m it will put them from the Disposal and can back that up with a reasonably positive trading update next week then they will merit a further move up to mid 30's, and if that doesn't hold there's always the possibility that Brave Bison will come back in with a rev used bid. |
ST other tips - HUW and TEK - rose and then fell back,
maybe in the long term they may do well, but for now they are flat. |
That does not count Clive lol, a standard ST tip update in the IC does not shift the needle. This looks different. Not complaining though. Maybe buying ahead of the TU which i am convinced will be cautiously optimistic |
Investors Chronicle ! |
Have we been tipped somewhere |
Hello Sphere. Nice to see you posting more regularly these past few weeks. Don't let the trolls grind you down though. TMG is buying back shares so this could be the volume spike you are seeing. Anyway i am expecting a decent TU and cautiously optimistic 2025 outlook to provide some oomph here. |
Interim CEO share purchase looks encouraging i suppose he made it before the closed period which must begin today. Share purchase programme and CEO buy would suggest the upcoming TU holds no nasty surprises otherwise both would have been delayed |
Sale of April6 and interesting share buy-back scheme bear the hallmarks of David Morgan's influence on the fortunes of TMG.
At the end of November, I posted "elsewhere" - "Looking at the historical share price chart and the detailed reports and accounts suggests that substantial cost savings have already been found and implemented and some hard pruning of the substantial intangible assets on the balance sheet has already taken place. Until the summer of 2023 the share price hadn't been below 40p (and historically far above that figure)."
Today's rise takes the share price closer to that low 40 pps and may restore confidence in TMG's potential.
The announcements today are likely also to bring a lot of commentary and shareholder attention to the group.
Trading update for 2024 due in week commencing 20 January. If that is positive then there might be a further lurch forward.
These are just thoughts and as ever, DYOR |
Nice rise today 13.5% which feels justified - so added. Target 40+p by Aug25
DYOR |
Views on where H2 could get to for TMG? |
Simon Thompson -
Mission’s debt position has been holding the share price back, so a successful deleveraging of its balance sheet could drive a higher rating given that Mission’s enterprise valuation of £40mn equates to only 4.3 times operating profit estimates. Prospective price/earnings (PE) ratios of 4.2 (2024) and 3.3 (2025) are two-thirds less than UK listed peers, too.
So, having highlighted the recovery potential at the annual results (‘An underrated recovery play’, 2 April 2024), and also when Mission was in merger talks (subsequently aborted) with social and digital media group Brave Bison (BBSN:2.25p), I would continue to hold onto your lowly rated shares. Hold. |
htTPs://news.uk.cityam.com/story/2263443/content.html |
The T/U today is positive and similar/better than that for 6 months to 30/06/21
FY21 produced a profit of about 6pps and paid dividend of 2.5pps The share price for most of 2022 was in the 40/50/60ps
Cash flow still seems positive and total debt reducing. The impact of the cost efficiencies will be reflected over the next 12-18 months or earlier.
Current price may seem like a bargain if FY 2024 outcome (and outlook) is positive.
I'm under water but doing some "averaging down" sums.
Just opinion and as ever, DYOR |
Question should be who bought out Dbay |
If BBSN thought it was worth 35p, albeit including some paper, then it must be worth buying in the low twenties. |
Tried to add today but no stock available without paying a big premium . When the herd comes thundering back into AIM the lack of liquidity going to launch some rockets |
With their support perhaps the board would had taken 17p in cash and 17p in Bison paper which must be a better deal than selling out for 21p |
They made 1m profit (60percent return) in 1 year, so they haven't done too badly here |
They were probably just trying to smoke out a higher bid. |
Two months back the loony DBAY said the BBSN bid undervalued TMG, yet here they are selling the remaining bulk of their shareholding for 20p! |
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