Tag Archives: Mission Marketing Group

Morgan shows Mission how to manage

It’s not very often in these gloomy times that there’s something to celebrate, but the good results announced by The Mission Marketing Group this week justify at least a modest cheer.

Read more on Morgan shows Mission how to manage…

Have aggregators had their day?

A few years ago it was fashionable for entrepreneurs in the marketing services industry to search out a company – probably already listed on the stock exchange – and transform it into a mini WPP Group by acquiring as many businesses as possible involved in supplying marketing services of one sort or another.

Read more on Have aggregators had their day?…

UK’s public marketing agencies see profits rise 52%

It may not feel as if business activity is recovering, but if the results from a recent batch of publicly listed marketing agencies are anything to go by there are distinct signs that the worst is over.

Read more on UK’s public marketing agencies see profits rise 52%…

Mission almost breaks even after eliminating acquisition debts

The Mission Marketing Group has reported a small loss of £111,000 for the half year to 30 June after an extensive restructuring of its board and balance sheet (see Mission successfully completes financial restructure).

Read more on Mission almost breaks even after eliminating acquisition debts…

Share prices of three marcoms companies have tripled since last year’s low

Further evidence – if ever it was required – that well regarded marketing services companies’ share prices run ahead of (and over-react to) underlying economic conditions is provided by the movement in their share prices since the stock market’s low point in March last year.

Read more on Share prices of three marcoms companies have tripled since last year’s low…

And now for some good news…

Share prices of marcoms companies that comprise Fintellect’s MSFI Index have begun to recover at a faster rate than the FTSE All-Share Index.  But there’s a big gap to fill.  The MSFI Index has gradually improved since February while the FTSE All-Share Index has risen and then fallen back again (see chart).  The FTSE All-Share Index showed a net gain of 5.6% in the three months to 12 May while the MSFI Index grew by 6.9%.

Read more on And now for some good news……

Mission successfully completes financial restructure

AIM listed The Mission Marketing Group has successfully completed the capital reorganisation announced last month (see Mission pays price for over-expansion: debt restructured, chief executive and CFO leave, Bray Leino founder takes chair) by issuing about 30 million new shares to former owners of various subsidiaries at a price of 13p .  The original agreement had been to settle those obligations – totalling £3.9 million – out of cash resources.

Read more on Mission successfully completes financial restructure…

Mission pays price for over-expansion: debt restructured, chief executive and CFO leave, Bray Leino founder takes chair

The Mission Marketing Group – the AIM listed company identified as one of several with vulnerable balance sheets by Marketing Services Financial Intelligence in August 2008 – has had to renegotiate its bank facilities and the settlement of past acquisition obligations to maintain the business as a going concern.

Read more on Mission pays price for over-expansion: debt restructured, chief executive and CFO leave, Bray Leino founder takes chair…

Share price recovery exposes the weak

A year ago the stock market was at its lowest point for many years.   Not surprisingly, shares in marketing services companies had fallen even more sharply than most others, as investors worried about the sector’s particular vulnerabilities.  Recessions are always expected to hit marketing agencies more severely than most other type of business and the relatively small size of most marketing companies is perceived as an additional investment risk.

Read more on Share price recovery exposes the weak…

Mission to take £7m goodwill hit and strengthen balance sheet

The Mission Marketing Group, the AIM listed regional marketing network, expects its 2009 accounts to be hit by a £7 million write-down in the value of the goodwill included in the cost of past acquisitions.  In a trading statement issued this morning, the company said it expects to reduce the £72 million book value of goodwill by 10%.

Read more on Mission to take £7m goodwill hit and strengthen balance sheet…

Latest jobs Jobs web feed