The Mission Share Discussion Threads

[tole] 31/3/2020 20:00

Yes am sure they will pass on paying the dividend.. to be honest they said as much I the update if you're reading between the lines..Additionally, the Board has placed the final dividend for the last financial year (FY December 2019) due for payment in July 2020 under review.

[bbluesky] 31/3/2020 18:23

Prudence would suggest a pass. Personally that is my preferred option. Keep your powder dry!

[dr biotech] 31/3/2020 13:50

Well the profits warning went down OK. It'll be interesting to see what they say about the dividend tomorrow, but a cut or pass looks to be on the cards. Just do whats best for the medium/long term future of the company.

[tole] 31/3/2020 11:49

YesThe Group will announce its Annual Results for the year ended 31 December 2019 on 1 April 2020 as previously confirmed and there remains no change to the guidance previously given for these results.

[ali47fish] 31/3/2020 11:25

TMG is reporting tomorrow isn'it!

[tole] 31/3/2020 09:22

Moving up nicely

[tole] 27/3/2020 21:23

Some positives though.. don't see many other directors in other firms taking cuts.All Board members have also voluntarily reduced their salaries for the current financial year. The Group is also reviewing the latest guidance from the UK Government regarding its support for UK businesses through the current crisis and the Group anticipates that its cash flows will benefit from some of these measures.

[dr biotech] 27/3/2020 21:00

So profits to be materially hit by covid. Not a huge surprise. Dividend under review but not definitely stopped or reduced. Guess it’s an inevitable dip on Monday...

[devilsprofessor] 25/3/2020 19:16

Nice to see this share on the up. Hopefully as business establish their new reality and see the future possibilities we will see support kicking in. IMO DYOR

[arthur_lame_stocks] 25/3/2020 18:21

Looks more like a bungee jump to me.

[bbluesky] 25/3/2020 18:03

Looking at the chart looks more like an abseil to me.

[cliffpeat] 25/3/2020 12:17

@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

[qs99] 25/3/2020 10:08

Yup, nice tick up, but I still can't see how you value ANY marcomms business at the moment given my statement above, so be careful!!

[tole] 24/3/2020 09:05

Looks like all the cheap stock under mid price has gone..

[tole] 21/3/2020 17:42

Well there was the buy @41.25 for 200k. Someone's buying

[tole] 20/3/2020 08:59

Yeah but it seems at the moment the market is happy to take them at 40p so reckon there is a buyer who is picking them up at this price.Still think this will bounce back hard once the seller is cleared. I've picked a few up at 40p the other day anyway.

[qs99] 20/3/2020 08:39

Look back at 2008/9, first thing ALL companies cut was marketing. Maybe it won't be so marked this time, who knows, but I sense ALL marcomms companies will get hammered hence the sell off (alongside market sell off)....so be careful on any and ALL marcomms stocks. those that are well run will survive, but recovery may take some time as they are reliant on third party brands spending.....if hey have leisure/travel clients for instance.....nuff said....GLA

[basem1] 20/3/2020 08:37

Jeepers someone wants out

[basem1] 18/3/2020 10:34

Good post highlights the potential dangers

[thorpematt] 18/3/2020 09:57

The price on smaller caps isn't indicative. There is no liquidity and therfore no real market.

I suspect that working from home is manageable for Mission themselve to trade / work, but the business will have issues with clients not wishing to fund advertising when they themselves cannot benefit from the increased trade from advertising.

Any debt on a balance sheet is seen as potential bankrupcy risk too.

However the companies last TS said they'd be debt free by the end of 2020. Of course that won't happen now but it is indicative of the ebility of the company to spin cash when operating.

It's interesting that no one appears to be atempting fair re-valuations on stocks.

In theory one could apply a revaluation based on forward earnings and a dip in balance sheets. For example lets say 2021 revenuse return to 2018 levels and your balance sheet drops by £5m here as you have a reduction in revenue by such an amount. Intestingly with 85m SII that £5m should equate to about 6p of the price.

As discuseed already the debt would wipe down quickly. The main trick is buying near the bottom isn't it.

[tole] 17/3/2020 15:00

It's basically been a 50% fire sale across the whole smaller cap market.. everything just being taken back to longer term support levels.

[basem1] 17/3/2020 14:50

Can't understand anyone selling at this level Panic selling for sure I've added another 10,000 at 40

[basem1] 17/3/2020 14:40

It has fallen too far Just overshot on selling Chart support at 40 so if it can hold the current level I would see a rise tomorrow. Fairly illiquid small cap

[ali47fish] 17/3/2020 14:25

why has the share price fallen by such a percentage anyone knows?

[tole] 17/3/2020 12:55

Just dripping very small amounts into the market at certain key supports works well imv..