The Investment Column : Media tiddler strides ahead
Tuesday 04 February 1997
Profits rose 42 per cent to pounds 585,000 in the six months to the end of October, including a juicy pounds 224,000 worth of interest earned on its prodigious cash flow. That increase was struck from a 29 per cent rise in sales over the same period in 1995 to pounds 63m. Earnings per share rose 33 per cent to 0.16p and the interim dividend has been raised by 17 per cent to 0.035p.
TMBG's recent client "wins" include Appleyard Group, RAC, Midland Mainline Railways, IKEA, Eastern National Gas and, since the start of the year, Mothercare and Saga's European operations. Channel 5 and digital television offer new territory to exploit, although the growth of satellite and cable television advertising will initially be at the expense of terrestrial television rather than other media.
TMBG opened a Manchester office last September and, with cash still in hand, chairman and chief executive Allan Rich is already talking to potential takeover targets to add research, teleworking and market database services to his portfolio. Stockbrokers Williams de Broe have just been appointed in order to try to interest more institutional shareholders.
They were already forecasting pounds 1.71m for the year to April and earnings per share of 0.47p, figures they plan to revise upwards. Rowan Dartington, however, has more modest earnings expectations of only about 0.38p. At between 15 and 18 times prospective earnings the tightly held shares look high enough.
- 1 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
- 2 David Cameron refers to 83-year-old Labour MP Dennis Skinner as 'Jurassic Park'
- 3 Alton Towers Air breaks down: 80 people stuck on broken down Monorail during heatwave
- 4 German ethics council calls for incest between siblings to be legalised by Government
- 5 Alwaleed bin Talal: Saudi Prince to donate entire $32bn fortune to charity
Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
The map showing the most dangerous tourist destinations in Europe, according to the Foreign Office
German ethics council calls for incest between siblings to be legalised by Government
Alwaleed bin Talal: Saudi Prince to donate entire $32bn fortune to charity
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
They are neither a 'state' nor 'Islamic': Why we shouldn't call them Isis, Isil or IS
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...