The Mission Share Discussion Threads

[estienne] 15/4/2021 09:48

I'm out. ST's predictions weren't met. His tip was based on a much higher turnover than they achieved

[petewy] 15/4/2021 09:42

I've done the same, Oldcodger

[wynmck] 14/4/2021 18:10

1.53p deferred final divi was paid 1st Mar

[estienne] 14/4/2021 17:47

Simon Thompson reports that "Net debt fell to a record low of £1.2m, and the board has just paid out a dividend of 1.53p a share". There seems to be a bit of a contradiction here

[theoldcodger] 14/4/2021 09:45

I've been in and out of TMG many times over the years and I've sold my holding this morning. There was nothing in the statement that particularly concerned me, however, there is too much uncertainty as to the likely quantum of recovery of profits this year and with the knowledge that TMG's results are always heavily skewed towards the second half and with a decent profit on my holding, I decided to take my money off the table for now.

I'll continue to monitor and will no doubt be back in again at some point, probably after I've seen the results for the first half.

Good luck to those that hold,
TOC

[18bt] 14/4/2021 09:11

I can only think it is the lack of dividend or perhaps the lack of real detail on the bounceback of revenues.

[ali47fish] 14/4/2021 09:08

so why is the share price retracing?

[tomps2] 14/4/2021 08:39

James Clifton, CEO gives an overview of TMG’s full-year 2020 results. Trading recovered in H2, reversing the H1 Covid-19 hit to deliver a headline PBT ahead of market expectations. Q1 2021 is in line with expectations with a growing pipeline of new business opportunities.

Video: hxxps://www.piworld.co.uk/2021/04/14/the-mission-group-tmg-full-year-2020-results-overview/

Podcast: hxxps://piworld.podbean.com/e/the-mission-group-tmg-full-year-2020-results-overview/

[wynmck] 09/4/2021 08:22

results expected next wednesday

[18bt] 09/4/2021 07:28

All gone a bit quiet here, but there is a big tightening of conventional ad rates going on in the UK in advance of restrictions being lifted so they should be busy with new creative briefs.

[ali47fish] 13/3/2021 14:32

well wallst sys this is undervalued

[ali47fish] 24/2/2021 10:07

octopus investment are investing some 3pc- no previous holding by the look of it

[dr biotech] 01/2/2021 11:10

I am also temporarily out of here. Has been my best performing this year (obv only 4 weeks). Nothing company related, just seems to be a spike in the price that I can't really justify. Otherwise would hold.

[sphere25] 01/2/2021 10:44

Price has already pretty much hit my 90p target this morning so what do I know?

Being conservative with valuations in this market? PAH! Throw it out the window! :-)

These tipsters don't half have a big influence!

Exited and not chasing here. As per recent posts, far more focus on the US indices and what has been the biggest battle between the bulls and bears for a while in a one way uber bullish environment.

Key support levels are really being tested recently with volatility picking (recent VIX buy is up 32%) up so don't want to be jumping in here just in case it falls over.

Perhaps a better re-entry point on TMG or are the bulls going to hold indices support levels that result in another leg up in TMG?

The near term fate of so many UK shares now depends on that battle.

All imo
DYOR

[estienne] 29/1/2021 14:54

see article above

[wynmck] 29/1/2021 14:42

eh?-that was last Monday

[bostonborn] 29/1/2021 14:38

Simon Thompson IC small companies guru has written about TMG today, with a strong buy rating and 100p to 110p target.

[devilsprofessor] 29/1/2021 09:56

And indeed that is happening!

[devilsprofessor] 29/1/2021 09:54

Some lovely large buys this morning. It's good to see the faith in TMG is coming back. I have held this since Feb last year and continued to hold despite some eye watering losses in essence because I could see the longer term recovery albeit it was very slow!All in my opinion of course. DYOR there are plenty of articles to consider currently.

[estienne] 29/1/2021 09:54

had an informative call with James Clifton, chief executive of UK advertising and marketing specialist The Mission Group (TMG:56p).

A key take for me from its Covid-19 trading update is that technology-focused agencies, accounting for a fifth of the revenue mix, are doing rather well and have largely been unscathed by the crisis. In fact, they continue to win new clients, perhaps not that surprising when you consider that many clients operate globally so are accustomed to agencies pitching on Zoom calls. For instance, Mission’s April Six agency has just been appointed by MSC Software Corporation, a leader in computer-aided engineering simulation software, to design its media, content and analyst relations strategy in the UK, USA and DACH (Germany, Austria and Switzerland) markets. Mr Clifton also revealed that Mission’s US offices in San Francisco and Seattle are “performing well for us”. The latter office works with technology giant Amazon.

Mission’s technology focus is set to pay dividends in a major way. That’s because the group’s Fuse technology incubator has developed Pathfindr, a tracking product that provides customers with real-time insights into their assets and processes. Prior to the Covid-19 outbreak, it had already been sold to some of the most well-known names in global aerospace and manufacturing, including Rolls Royce. It is even more valuable technology now.

That’s because Pathfindr has developed a new product, The Safe Distancing Assistant, to help people maintain safe personal distancing and to keep businesses open. By using cutting-edge ultra-wideband technology, the device provides 360-degree field of detection and is more reliable and accurate than other technologies such as Bluetooth. It can be worn around the neck or clip to a pocket, belt or other item of clothing. A few thousand of the devices are currently on trial and Mr Clifton says that the company has received interest from one potential customer looking to acquire 250,000 units. At a base price of £49.99 per unit, this could be a major money spinner as companies across multiple sectors aim to enforce personal distancing and comply with safe working legal requirements, so to avoid costly fines and crippling closures.

Unlike other players in the industry reliant on new business wins, Mission has a loyal client roster. In fact, half of revenue comes from clients of five years standing or more. Of course, some activities have been impacted by the lockdowns, such as events and property-related agency work. However, staff have been furloughed in specific areas under the government’s Job Retention Scheme, while other costs have been reined in. Importantly, the balance sheet is well capitalised as net debt of £4.9m is well within total borrowing facilities of £23m.

The bottom line is that the market perception of Mission and the reality of how the business is trading are not aligned. Indeed, the 43 per cent share price discount to net asset value, and the miserly rating of six times last year’s post-tax profits, implies a catastrophic reversal in earnings this year and little hope of recovery thereafter. I would beg to differ, so much so that having initiated coverage at the current price ('Alpha Research: Simon Thompson’s latest bargain buy', 11 Oct 2018), I feel that this year’s de-rating has gone too far. Recovery buy.

[wynmck] 25/1/2021 13:22

google missionsrecoverygathersmomentum
for the full article

[sphere25] 25/1/2021 12:03

Stream of buys here and in TSL. Guessing it's a write up by Simon Thompson.

*12.27 UPDATE*

It is a Simon Thompson write up. Usually a Monday and/or Thursday lunchtime update so any stream of buys (particularly on a quiet day like today) stand out easily.

Problem with these tips by influential market participants is that you get stiffed on the price. Ordinarily this could have come back to the trendline around 70p for an opportunity to buy, but it's a different ball game when tipsters are involved.

Have a target price from ST:

"..a return to the 100p-110p pre-Covid-19 high water mark is a reasonable target. Ahead of annual results on Wednesday, 14 April 2020, I rate the shares a strong buy."

All imo
DYOR