TMMG share price seems to have cleared a few sellers
and is now showing a little underlying strength...
I've a feeling we will see 50p+ before too long......
Interesting article in ic this week re sports marketing.
TMMG have a new agency which I think has gone unnoticed by the market.
For an 'investment of a few hundred thousand probably already absorbed into company forecasts for the year, the new business has been launched into a strongly growing market with some predicted clients wins and a possibility to get some of the churn comes with the acquisition of Chime by WPP. As well as the fact that this sports marketing could easily add 500k to profits within 3 years, I think it shows the entrepreneurial nature of management.
Which is time will continue to erode the discount it currently has to its peers.
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