The Mission Marketing Share Discussion Threads

[davebowler] 09/4/2019 15:36

Still stunningly cheap on a P/E basis, which is what attracted to me originally to it.

[nimbo1] 09/4/2019 15:25

He tipped it before in the 50's which is where I first came accross the company. Chart action persuaded me to buy some last week. Todays tip was the follow on with 100p target maintained. Its v interesting to me to see something like pathfindr 'hidden' in a company like TMMG.

[thorpematt] 09/4/2019 14:51

Suddenly got a bit busy on the thread today! Very pleasing results I must say.

Still bags of value in this one, if we look at forward PEG it's very indicative.

No red flags that one usually sees with such lowly valuations. Certainly I intend to run this one for a while yet.

Is Simon Thompson tipping here for the first time or is he following up on a previous tip?

[nimbo1] 09/4/2019 14:10

Thanks Jeff not sure why my googling didn’t come up with that. Many thanks

[jeff h] 09/4/2019 13:44

nimbo see the below:-

[18bt] 09/4/2019 13:34

ST has a 100p price target. David Morgan appears to have told ST that he expects TMMG to be debt free by this next year end. Expecting earnouts in 2020-22 to be covered by free cashflow.

[red army] 09/4/2019 12:09

18BT - agree with your target price of 79p - should be soon.

[pastybap] 09/4/2019 12:08

Tipped by Simon Thompson in IC just now.

[cliffpeat] 09/4/2019 11:59

@bbluesky

Assuming Edison numbers are correct:

Taking the discount cf. with PE of peers - it means that to match them, the current share price of (say) 67p should be multiplied by 1.66 (x 11.6/7.0)

Which gives a share price of £1.11

Before considering premium rating.

[nimbo1] 09/4/2019 11:49

This is all i have found in the AR

Born out of fuse, Pathfindr is a technology business that delivers intelligent asset
and parts tracking. Pathfindr systems are used by Clients such as Rolls-Royce, MTU Friedrichshafen GmbH and GKN Aerospace.

We expect 2019 to be another year of growth. The year has started well and prospects for organic growth remain good. We also expect to make further margin improvements and
to continue the rapid growth of Pathfindr. We look forward to 2019 with confidence.

[nimbo1] 09/4/2019 11:45

I can't seem to find much info on pathfindr - clearly a software solution growing at 400% is quite exciting. Do any of you know more about it?

[bbluesky] 09/4/2019 11:40

From the Edison doc:

"The current price puts it on an FY19e EV/EBITDA of 4.7x, compared to the sector at 7.7x, a 38% discount; on a P/E basis, a multiple of 7.0x compares to peers at 11.6x. The BroadCare disposal profit highlights value elsewhere in the incubator, Pathfindr in particular. The scale of the valuation discounts is difficult to justify, given the earnings growth and further improvements in the balance sheet."

38% discount gives lots of upside and given the way the company is performing - a premium rating would not be out of place.

[dr biotech] 09/4/2019 11:24

Decent run over the last year. Just makes me wonder why its taken so long for the share price to reflect the multiyear performance. Rewards for those of us that have been here a while.

[jeff h] 09/4/2019 11:22

It will be interesting to see how pathfindr develops, seems to be growing at a rate of knots with great potential given the new business wins.

[mfhmfh] 09/4/2019 08:21

great results today and looking for a short-term target price of 80p, 100p medium-term. IMHO.

[essential] 09/4/2019 08:18

Chart looks strong - hopefully on the cusp of a breakout to a new high

[cb7] 09/4/2019 08:02

Not sure about being debt free so soon with all those earnouts due. However your target price is very modest and may be reached quicker than you think. Surely they are worth nearer £1?

[18bt] 09/4/2019 07:35

Cracking results again and decent dividend hike. Historic adj PER of 7.4x, yield 3.25% and will be ungeared by the next year end. My target price is 79p.

[nimbo1] 05/4/2019 11:05

Just purchased here

[qs99] 15/2/2019 09:01

really interesting moves North

[mfhmfh] 14/2/2019 13:46

just sitting back and enjoying the ride. looking for new highs.

[qs99] 14/2/2019 12:49

chugging away nicely

[red army] 11/2/2019 16:57

Its a pity it could not close above 60p

[red army] 11/2/2019 16:57

Its a pity it could not close above 60p

[mfhmfh] 11/2/2019 14:26

61p+ now being paid