Edison Issues Initiation on The Marketing Group (TMG)

LONDON, UK / ACCESSWIRE / September 27, 2017 / The Marketing Group (STOCKHOLM: TMG) aims to build a major global force in marketing services, a sector characterized by a handful of major holding companies and a large number of smaller agencies. After a rapid initial acquisition phase, an entirely new board took over (Q416/Q117) with more capital markets experience and a steadier expansion strategy. A subsequent portfolio review resulted in three disposals and an impairment charge related to past acquisitions. This should give the group a firm base from which to start building organic, as well as acquisitive, progress. These moves have yet to be reflected in the market valuation.

The shares listed in June 2016 at €1.00, reaching €9.00 in August 2016. The rapid flow of paper-based deals then contributed to the falling share price, exacerbating the discrepancy between deal prices and market value. The new management team has made sensible moves to bring all under control. The current valuation is yet to reflect these moves or the enhanced growth prospects from the agencies benefiting from being part of a larger group and associated margin expansion.

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisoninvestmentresearch.com

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers, and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorized and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Fiona Orford-Williams, +44 (0)20 3077 5739

Bridie Barrett, +44 (0)20 3077 5700

media@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on:

LinkedIn https://www.linkedin.com/company/edison-investment-research

Twitter www.twitter.com/Edison_Inv_Res

YouTube www.youtube.com/edisonitv

SOURCE: Edison

ReleaseID: 476417

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.