Tag Archives: Progressive Digital Media Group

When companies have a big debt mountain to climb

Probably the most encouraging feature of this year’s review of the balance sheet vulnerability of publicly listed marketing companies is the fact that many of the companies involved have already taken steps to strengthen their financial position.

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Congratulations WPP – your share price has recovered to its 2001 level

It may seem hard to believe, but today we celebrate the resurgence of WPP’s share price to the level at which it stood 10 years ago – on 12 January 2001 or thereabouts.   Yes, it’s a fact.  WPP’s share price has remained depressed for a whole decade.

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Danson funds Progressive intelligence gathering acquisition

AIM listed Progressive Digital Media Group today announced a rather curious acquisition.  Funded mainly by Progressive’s principal shareholder Mike Danson, the company is paying over £10 million for a company that made a post-tax profit of a mere £44,320 in 2009.

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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.

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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.

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Progressive Digital Media announces new CFO

Following the decision of Progressive Digital Media Group’s group finance director Ken Appiah to leave the company at its forthcoming annual meeting (see Progressive Digital Media still incurring losses), the company has announced today that he will be replaced by an internal appointment with immediate effect.

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Progressive Digital Media still incurring losses

Progressive Digital Media Group, the AIM-listed digital media and marketing business derived from a merger with TMN Group and SPG Media Group, experienced a further small increase in its post-tax loss between the period covered by its interim report to 31 October and its full year’s results to 31 December published today.

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Progressive Digital Media’s continuing business suffers £2.1m loss

Progressive Digital Media Group, the AIM listed digital marketing and media company created from a reverse bid by the subsequently renamed TMN Group last June, suffered a post-tax loss of £2.1 million from continuing activities for the half year to 31 October 2009.

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Progressive share decline

Shares in AIM listed Progressive Digital Media Group have fallen to their lowest point since the company was reversed into TMN Group in June last year by entrepreneurial chief executive Mike Danson.  Progressive describes itself as a provider of “integrated digital marketing solutions”.

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