The Mission Share Discussion Threads

[qs99] 29/3/2022 08:07

1st stop 70p IMO as that was where it was in Dec 21, results show it is worth more IMO, but a re-trace to there IMO would be v. positive. DYOR

[qs99] 29/3/2022 08:06

Not sure we are in a consumer recession yet are we?

Cracking set of results IMO....lovely divi/yield as well....DYOR

[spooky] 28/3/2022 10:15

Decline in marketing spend amid a consumer recession?

[qs99] 28/3/2022 10:05

Any reason this shouldn't be back between 70-80p?

DYOR

[qs99] 17/3/2022 08:11

Price just looks v. odd IMO at less than 70p

At this level if I were management I would be sounding out take private options....let's see, update due in March so not long, but sense if good this will bounce nicely.

DYOR, have taken a position to back my post!
Cheers
QS99

[cliffpeat] 11/3/2022 14:59

Please can the TMG group agencies give their tiny fellow subsidiary a hand?

Pathfindr sells asset intelligence systems - tracking stuff - so in a techie space with a large addressable market. They have some good tech people and small can become big very quickly in their space. (£1.5m t/o in 2020)

There is also a "quite/very interesting" YouTube video channel - but it has only 10 subscribers and individual videos rarely have more than 10 views.

Pathfindr sponsored yesterday's "manufacturing" exhibition in Milton Keynes but the marketing director's presentation at 15:10 attracted only 4 attendees (including me - there checking on my investment:) Dull and unconvincing it was. Again, can TMG group help out here?

[currencytrader1] 15/2/2022 16:16

Been reading up on this one today, and genuinely think it's cheap quality..
Board seems very switched on, and can see an easy 100p over the next year or so as markets recover... GLA

[theoldcodger] 27/1/2022 10:12

Well, the share price has now "drifted" down (rather quicker than I expected) to a level that interests me (see my post 336 of 20/1), so I've taken a small position with the intention of increasing that over time. As I said before, TMG has historically traded at a substantial discount to its peers, however, in my opinion, that discount is now unjustifiably large.

TOC

[devilsprofessor] 27/1/2022 09:26

What on earth is going on with this price?!

[theoldcodger] 20/1/2022 09:20

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

[stemis] 20/1/2022 08:25

It would be interesting to see the peers against which Edison is comparing the valuation.

[pj84] 20/1/2022 01:25

Valuation: Still well below peers

The MISSION Group’s share price hit a high of 88.5p in April 2021 and had drifted off to 62p at the close of the year, since when it has recovered to around the 70p level. This represents a valuation rating at a sizeable discount to the global advertising sector. Averaging across FY21–22e, and using the revised forecasts, MISSION’s shares would be valued around 95p were they to trade at parity with advertising peers on P/E and EV/EBIT mValuation: Still well below peers



Doesn't look like the Edison update should have caused a fall of more than 10%!

[cravencottage] 19/1/2022 22:12

We await the results for further clarification on numbers.

[cravencottage] 19/1/2022 22:11

Strange Market at the moment..

Another one of my Co's ( KAPE) tanked on a good TS..

Patience required ATM.

[mfhmfh] 19/1/2022 14:57

Edison - 'MISSION’s shares would be valued around 95p...'

[stemis] 19/1/2022 13:46

Isn't it the downgrade of 2022 by Edison causing the weakness?

[deanowls] 19/1/2022 12:08

Lots of 5 and 10k blocks going through. Guessing someone wants out.

[qs99] 19/1/2022 12:01

blimey, didn't think the RNS was that bad?!

[qs99] 19/1/2022 08:23

if 6p eps and double digit PBT growth next year, should this be on a p/e ratio of more than an historic 11 or so?

EV/EBITDA I'd be more interested in....and yield

[joe say] 19/1/2022 08:00

expects a healthy full year headline PBT performance that is in line with market expectations.

Good

but why do most companies not quote what those expectations are - if they are truly there and known in the market then why not say?

[brileyloucan] 19/1/2022 07:53

Mission breathlessly announce that they've met expectations :-)

[soundbuy] 19/1/2022 07:49

'Achieved “an outstanding increase in profit levels against both H1 2021 & FY20” & in-line with expectations of 6p EPS for FY21'

[qs99] 19/1/2022 07:41

"Whilst uncertainties remain about Covid-19 and its impact on the economy over the current year, the Board is confident that the Group is well positioned for sustainable growth and expects to achieve double-digit year on year PBT growth in 2022."

Nice in-line statement and double-digit forecast for next year

with economies rebounding, TMG should IMO do well.

Net debt looks manageable and v. cash generative as they say. Should help on divi front IMO

DYOR but looking undervalued IMO

Cheers
QS99

[qs99] 11/1/2022 16:10

I agree CC. Bodes well IMO. Let's see.

[cravencottage] 10/1/2022 16:07

so Octopus increase their holding by close to 2%

That's close to 1.2Million quid.

That's some investment in the run up to Trading statement/Results.

I'm surmising they must have had solid assurances from TMG's Board.

Hopefully this is the re-rating underway and the share price can start getting back to where it used to be.

As always DYOR.