reports
- Fiona Orford-Williams
The Marketing Group - Focused on delivery
The Marketing Group’s (TMG) Q118 update shows the group delivering sales broadly in line and EBITDA a little ahead of expectations through good cost control. This discipline should stand TMG in good stead as it builds its business both within the existing agencies and in potential further acquisitions. Our forecasts are unchanged on this update. With the TRUTH blockchain-enabled media agency continuing to garner high levels of industry interest, the scale of the discount of the rating to the p...
- Fiona Orford-Williams
The Marketing Group - Moving to the next stage
The Marketing Group is now in a position to grasp the opportunities it has to deliver innovative tech-based marketing solutions, having addressed its legacy issues. Six agencies were disposed of in FY17 and three wound-down, leaving the group with a network of agencies across Europe, the US and Asia-Pacific, with a strong global roster of clients. The Q417 launch of TRUTH, a media agency run on blockchain, has greatly lifted TMG’s profile in the industry, with its credibility cemented by the s...
- Fiona Orford-Williams
The Marketing Group - Acquisition of German wildcard
The Marketing Group (TMG) has made its first acquisition under the new management team. Although relatively small (FY16 revenues of €1.5m), wildcard fits well with Ranieri Communications, adding to its PR, social and influencer network. wildcard communications brings in a good range of blue-chip clients and opportunities for cross selling. Our FY18e and FY19e earnings estimates are nudged ahead, having being increased by 10% following the Q3 results. Industry interest in TMG’s start-up block...
- Fiona Orford-Williams
The Marketing Group - Q3 update gives reassurance and upgrade
The Marketing Group’s Q3 results show that it is now properly focused on growing the business, with group agencies worldwide taking on larger pieces of work in collaboration. EBITDA margin to net revenue has grown in each of the last three quarters and we have moved our full year, FY18 and FY19 earnings’ forecasts ahead by c 10%. Net cash at the end of the quarter had increased to €1.7m from €0.9m at end June. This is facilitating investment in new initiatives, including the group’s new blockcha...
- Fiona Orford-Williams
The Marketing Group - Ready to move forward
The Marketing Group (TMG) aims to build a major global force in marketing services, a sector characterised by a handful of major holding companies and a large number of smaller agencies. After a rapid initial acquisition phase, an entirely new board took over (Q416/Q117) with more capital markets experience and a steadier expansion strategy. A subsequent portfolio review resulted in three disposals and an impairment charge related to past acquisitions. This should give the group a firm base from...
Four Directors bought 370,646 shares at between 0.000EUR and 0.750EUR.
Four Directors at The Marketing Group bought 370,646 shares at between 0.000EUR and 0.750EUR. The significance rating of the trade was 82/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors...
- Fiona Orford-Williams
The Marketing Group - Promising maiden results
The Marketing Group has published its first results, with FY16 revenues of €15.8m and EBITDA of €2.3m. As the bulk of subsidiaries were not in place until Q416, these figures capture little of the investment story. For Q416, revenues were €7.2m and EBITDA margin reached 17% (25% adjusted). Group strategy is to grow portfolio businesses organically, boosted by the network effect, and to make further earnings-accretive acquisitions using equity, retaining individual brands and their founders’ entr...
- Fiona Orford-Williams
Agglomeration on a global scale
The Marketing Group (TMG) has an ambitious buy-and-build strategy to create a leading global marketing and advertising company. Backed by Singapore-based private equity house, Unity Group, it has quickly assembled a portfolio of 18 wholly owned brands, up from four on listing in June 2016, spread across the US, UK, Nordics, Australasia and Singapore. All are independently profitable and in growth phase. TMG is only using equity to fund its acquisitions, avoiding the debt trap several previous me...
- Fiona Orford-Williams
Agglomeration on a global scale
The Marketing Group (TMG) has an ambitious buy-and-build strategy to create a leading global marketing and advertising company. Backed by Singapore-based private equity house, Unity Group, it has quickly assembled a portfolio of 18 wholly owned brands, up from four on listing in June 2016, spread across the US, UK, Nordics, Australasia and Singapore. All are independently profitable and in growth phase. TMG is only using equity to fund its acquisitions, avoiding the debt trap several previous me...
- Fiona Orford-Williams
The Marketing Group - Agglomeration on a global scale
The Marketing Group (TMG) has an ambitious buy-and-build strategy to create a leading global marketing and advertising company. Backed by Singapore-based private equity house, Unity Group, it has quickly assembled a portfolio of 18 wholly owned brands, up from four on listing in June 2016, spread across the US, UK, Nordics, Australasia and Singapore. All are independently profitable and in growth phase. TMG is only using equity to fund its acquisitions, avoiding the debt trap several previous me...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.