As stock markets experienced further significant falls on the first day of the new quarter and banks cut their dividends, there were positive updates from a provider of foreign exchange services and an English winemaker
Mission: talk of strong balance sheet seems misplaced
Marketing communications and advertising company Mission Group (LON:TMG) announced decent results for the year ending 31 December 2019, although we question the validity of some of their statements in the current environment.
Operating income for the year increased 4% to £81m, pre-tax profit rose 7.4% to £8.3m and eps was up 3.3% to 7.14p, suggesting a modest rating of 7.8x historic earnings based on the current share price of 56p.
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