Shore Capital appointed Nominated Adviser and Broker to Mission Marketing Group Plc
Shore Capital has today been appointed as Nominated Adviser and Broker to the Mission Marketing Group plc (AIM: TMMG).
Overview of the Company:
‘the mission’tm is a network of entrepreneurial marketing communications agencies employing 1,000 people in the UK, Asia and US. The Group comprises three divisions: Integrated Generalists, Sector Specialists and Activity Specialists, which work together to provide clients with the expertise and resource to make them more successful in today’s challenging environment. Clients include Harley Davidson, Fiat, O2, Bellway, Aviva, Barclays, BP, Pret and M&S Bank.
Market Capitalisation – £35m
Year end – 31 December
Executive Chairman – David Morgan
CFO – Peter Fitzwilliam
Website – http://www.themission.co.uk/
Key shareholders (as at 30 June 2017):
Directors – 22.44%
Employees – 8.57%
Herald – 6.85%
Lazard Freres Gestion – 6.28%
Polar Capital – 4.74%
Hargreaves Lansdown – 3.30%
Charles Stanley – 2.10%
Harwood Capital – 2.05%
Hargreave Hale – 1.56%
Financial headlines for year ended 31 December 2016:
· Revenue up 8% to £65.9m (2015: £61.0m)
· Over 20% of revenue again from Clients of 20+ years standing
· Headline trading profit (operating profit before central costs) up 9% to £9.3m (2015: £8.5m)
· Headline operating profit margins improved slightly to 11.5% (2015: 11.4%)
· Headline profit before tax up 9% to £7.0m (2015: £6.5m)
· Headline diluted EPS up by 8% to 6.41 pence (2015: 5.91 pence)
· Full year dividend up by 25% to 1.5p (2015: 1.2p)
· Free cash flow of £5.3m generated
· Total debt reduced by over £3m
· Debt leverage headroom very comfortable
· Net bank debt £11.3m
· £0.8m invested in software development, creating new forms of intellectual property
Shore Capital service team is as follows:
Corporate Broking & Advisory – Mark Percy / Patrick Castle / James Wolfe
Research – Roddy Davidson
Sales Champion – John Ritchie / Hannah Nicolas