The Mission Group (TMG)

Sector:

Media

Index:

FTSE AIM All-Share

21.50p
   
  • Change Today:
    -0.25p
  • 52 Week High: 55.00
  • 52 Week Low: 10.50
  • Currency: UK Pounds
  • Shares Issued: 91.02m
  • Volume: 110,078
  • Market Cap: £19.57m
  • RiskGrade: 230

Mission Marketing offloads BroadCare to Carehome Selection

By Josh White

Date: Monday 12 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Mission Marketing has sold its BroadCare business to Carehome Selection - part of the CHS Healthcare - for £4.4m in cash, it announced on Monday.
The AIM-traded company said BroadCare, a component of its fuse innovation incubator, was a "comprehensive tracking and reporting system" specially designed for managing all aspects of NHS-funded continuing healthcare.

It described it as a software innovation developed by the group to automate an "otherwise unwieldy" process, and had gone on to be "widely adopted" by clinical commissioning groups and commissioning support units across the United Kingdom.

Given its specialist nature and the constraints in moving the appeal of the software beyond its current client base, the board of Mission Marketing had concluded that BroadCare was "non-core" to its main activities, and better suited to an organisation already providing a wide range of services to the NHS.

In the year ended 31 December, BroadCare - which is run by Nicola Joyce - provided a profit contribution to the group of £0.5m.

The £4.4m cash consideration, subject to any working capital adjustments, would go to reducing the group's net indebtedness and to funding further innovations within its fuse incubator.

"Since creating fuse last year, we have taken a close look at the innovative products within the group to determine how best to maximise value from them," said chairman of the Mission Marketing Group, David Morgan.

"We are delighted to see the crystallisation of significant value from our first product and wish Nicola Joyce and her team every success with CHS."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TMG Market Data

Currency UK Pounds
Share Price 21.50p
Change Today -0.25p
% Change -1.15 %
52 Week High 55.00
52 Week Low 10.50
Volume 110,078
Shares Issued 91.02m
Market Cap £19.57m
RiskGrade 230

TMG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.45% above the market average85.45% above the market average85.45% above the market average85.45% above the market average85.45% above the market average
77.27% above the sector average77.27% above the sector average77.27% above the sector average77.27% above the sector average77.27% above the sector average
Price Trend
80.91% below the market average80.91% below the market average80.91% below the market average80.91% below the market average80.91% below the market average
82.98% below the sector average82.98% below the sector average82.98% below the sector average82.98% below the sector average82.98% below the sector average
Income
77.81% above the market average77.81% above the market average77.81% above the market average77.81% above the market average77.81% above the market average
78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average
Growth
34.8% below the market average34.8% below the market average34.8% below the market average34.8% below the market average34.8% below the market average
22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
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TMG Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 13-Jul-23
Paid n/a 28-Jul-23
Amount 0.000p 1.67p

Trades for 28-Mar-2024

Time Volume / Share Price
15:04 14,436 @ 21.90p
14:21 32,447 @ 21.55p
10:44 37,053 @ 21.58p
10:35 25,000 @ 21.10p
08:51 1,142 @ 21.88p

TMG Key Personnel

CFO Giles Lee

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