Mission Marketing Group (AIM:TMMG) - the dividend looks appealing but…
The Mission Marketing Group has seen its share price make some progress since we last covered it in July, although in truth there has been very little share price appreciation over the past three years here! At least it has paid 4.1p in dividends over this time period, but what of the future?
The Mission Marketing Group (AIM: TMMG) is a marketing communications and advertising group we covered in a Premium Research note in January (‘This lowly rated group could start to deliver in 2017 - a dividend boost as well?’). To recap: The Mission has been deleveraging since 2010, when an imbalance had developed between EBITDA and net debt. This has been rectified to the extent that the company felt comfortable enough to make a fresh acquisition in April 2017. They purchased RJW, a healthcare consultancy, in a deal worth £5.4m. The majority of the deal value is in the form of…