The Mission Share Discussion Threads

[devilsprofessor] 17/1/2024 08:09

And THATS how you recover a business. Well done TMG

[babbler] 17/1/2024 08:06

Debt significantly down too. Looks great.

[18bt] 17/1/2024 08:05

Surprised on the upside, particularly on cash. Need for rights issue fading or at least not until a bit more recovery in the share price

[dr biotech] 20/12/2023 08:31

Not good, but as expected in their previous statement. Think they will be ok, but I’m not holding.

[qs99] 20/12/2023 08:18

So needing a waiver of bank covenants....not great at all

Any more softening of trading & IMO this will need a rescue rights issue...

DYOR

[cliffpeat] 24/11/2023 17:43

Welcome RNS today:

MISSION Group plc (AIM: TMG), .... is pleased to announce the appointment of David Morgan as Non-Executive Chair.

IMO this is a good move. DM was an exec director from April 2010 to 30 September 2021 and holds 5+% of the company. He was at the helm in the growth years and no doubt, has a personal interest in pulling the group through this tricky period.

A knowledgeable and tough, objective, voice on board is likely to be a great asset. (And for those longer term holders, we can look forward to increasing our vocabularies when he delivers his Chairman's reports:)

Now wondering whether to risk buying stock against the recently "falling knife".

DYOR

[arthur_lame_stocks] 15/11/2023 21:49

Oh crikey, here's the Horseman of the Apocalypse.

[blackhorse23] 15/11/2023 19:55

Zombie company, money moving to APH

[markie7] 08/11/2023 10:54

I see now. Ok

[fillipe] 07/11/2023 17:41

See today's late RNS from TMG, I think.

f

[markie7] 07/11/2023 16:07

how do you know that it is Dbay?

[arthur_lame_stocks] 07/11/2023 15:41

Think that 11.72 is actually DBay.

[wynmck] 07/11/2023 15:20

Pershing 11.72%

[cliffpeat] 30/10/2023 10:41

Also: TMG website - please add a date to each of the "news" items.

[cliffpeat] 30/10/2023 10:11

Questions.

Is the loss of clients because or where, TMG agencies have not embedded themselves as "strategic partners" working alongside them?

Having operational people in the agencies that have the training and experience to understand business strategy at a senior operational level is essential - but I am guessing hard to find.

Does TMG have enough of those rare people?

I found this interesting. An extract from an interview with a successful agency founder, Matt Beswick who identifies the strategic partner role of the agency as a key requirement in the current environment.


Unless others have more information about the financial outlook of TMG it seems to me that the share price is simply a guess. I'm hoping it's currently an overly pessimistic guess.

[bareknee] 30/10/2023 10:00

Yea, an equity raise to "support the balance sheet and help finance future growth" looks pretty likely.

Doubtless they'll be sounding out major shareholders on that as well as trying to renogiate on the debt.

[qs99] 30/10/2023 08:22

IMO they are going to have to refinance their debt or do a big equity raise unless trading turns round quickly....some decent businesses in there IMO, but not one for me to dabble in DYOR and GLA holders.

[wallywoo] 29/10/2023 11:14

Net assets are GBP 89M


intangible assets are GBP 101M


So, in other words, if you strip out the premium they paid for acquisitions they have negative GBP 12M assets.


This is not a value play, it's a hope the advertising industry turns up before they run out of money play. But granted, if they don't go bust this is much better value than Sfor. However, 1.24m shares sold at 10p doesn't give confidence.

[davebowler] 29/10/2023 10:14

According to Stockopedia NAV was £1 at last count. It's on a staggering discount if correct.

[wallywoo] 27/10/2023 16:50

Big sells at 148k and 1.1m shares at 10p. No recovery here anytime soon.

[blackhorse23] 24/10/2023 15:45

Dropping badly

[catabrit] 24/10/2023 13:55

On the basis that his buys have all performed miserably YTD I would take that recommendation with a pinch of salt.

Disclosure: I’m a big ST fan.

[wynmck] 24/10/2023 13:17

fwiw ..Simon Thompson latest "I can see medium term recovery potential in the bombed out shares.Hold"

[catabrit] 23/10/2023 17:00

Even after the fall today this is still not that cheap on an EV to EBIT basis. With no yield, rising net debt and an uncertain market backdrop that is likely more bad than it is good, I am struggling to see why anyone would own the equity. If it gets priced like a call option then it’s probably worth a bet. Have added to the watchlist as you never know.