The Mission Share Discussion Threads

[petewy] 05/2/2020 10:31

Thanks Mfhmfh

[mfhmfh] 04/2/2020 18:46

Tipped by Master Investor:

hxxps://masterinvestor.co.uk/equities/the-mission-group-going-for-tenth-year-of-growth/

'This group’s shares, which are trading at around the 88.5p level, are wrongly rated and should be a great deal higher.'

[brad_k] 23/1/2020 18:58

Podgyted, prior to September 2019 Mission was listed under epic TMMG and traded under The Mission Marketing Group.
On IC use the search string "TMMG AND MISSION", although there is one article since september (use TMG AND MISSION).
Likewise on the ADVFN News thread everything prior to 26/09/2019 has nothing to do with Mission.

[wanttowin] 23/1/2020 15:47

Yep, and I've followed GHF in here..

[frreeves] 23/1/2020 15:43

Naked trader gave it a favourable mention today

[podgyted] 23/1/2020 15:30

Can't find anything - nothing on IC website - but some serious buying going on now - 90p paid.

[mfhmfh] 23/1/2020 09:33

still very cheap compared to peers IMHO.

Simon Thompson in IC had a target price of 115p when he covered TMG late last year.

[essential] 23/1/2020 08:45

Some buying this am. Has this had press coverage following the results?

[jeff h] 22/1/2020 17:36

Latest Edison update:-

[f15jcm] 22/1/2020 16:47

Hardly a share traded this afternoon. Odd.

[f15jcm] 22/1/2020 14:25

Yeah, exactly, this is one of the few stocks that didn't get re-rated after the election. Got some catching up to do.

[thorpematt] 22/1/2020 14:15

f15lcm,

Not kidding WPP has about £7bn in debt

forward Divi cover here is now over 4x and a fPER of just 8

I honestly think profit taking in Autumn 2019 has been the drag, but new investors are buyin in here at a disount to the wider index of almost 50% off (consider the all share is above 15x PER now).

[f15jcm] 22/1/2020 13:19

Certainly looks cheap against WPP which is on much greater leverage. Sector seems a bit out of vogue due to global growth concerns. Marketing being very much discretional spend.

[johndoe23] 22/1/2020 09:43

Solid if unspectacular suits me in these tough economic climbs! Quality run outfit, going for bid as end game here...

[mfhmfh] 22/1/2020 09:22

also 'we expect the Group to be debt free/cash positive at the end of 2020'.

[bbluesky] 22/1/2020 09:16

Yes, through the stormy seas, which is testimony to the quality of the company and underpins that it should have a higher rating:10 years of steady growth is an elite, that should command a premium. And by comparison just look at Saatchi smashing onto the rocks. Also, presumably tech subsiduary Pathfindr is sucking up investment,though at some point it should make serious returns. Still unloved and undervalued, but I don't think that will last forever.

[mfhmfh] 22/1/2020 09:16

Interim results on 25.09.19 stated this:

'A strong second-half bias again predicted'

Outlook:

'As in previous years, we expect the majority of our profit to be generated in the second half of the year. Despite the heightened level of Brexit uncertainty, we remain on track to deliver against expectations.'

The company accelerated in the 2nd half and met expectations.

Looking for share price to reach new highs/triple figures.

All IMHO.

[f15jcm] 22/1/2020 08:45

At the recent level of 70p the market was clearly expecting a warning so I'm happy and bought back at the open for ~84p, having sold out at 84.17p on 11th November.

I agree with 'solid if unspectacular' but valuations in the market as a whole are starting to look very stretched and this still offers great value, so in relative terms and with debt soon to be history, a strong buy IMO. I'm sure Simon Thompson will agree.

[johndoe23] 22/1/2020 08:14

Solid if unspectacular. Revenue and profit growth, on course to be debt free this year...

[dr biotech] 22/1/2020 07:12

That’s decent enough. No figures though, just inline with expectations - last few years they have given % figures.

[johndoe23] 10/1/2020 09:26

Expecting a positive update

[bbluesky] 10/1/2020 08:40

Still ludicrous value. Trading update last year was 22 Jan.