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Fantastic set of results, the company's business model is perfect to weather the inflationary/recession storm in the coming months. I'm looking to see the institutions increase their stake in the company in the coming days/weeks, and who knows possibly a takeover on the cards...
This was a shock.....but not complaining , sold a trade from Apr , usual trick kept profits in shares for future dividends.............well done Mony........
Ignore Yuri the shorter. Things looking very good @ MONY
The facts show full-year results are actually falling, not increasing.
So whoever plots those forecasts better get new pencil.
Still way too much overpriced.
Trading at 46.4% below SWS estimate of its fair value
Earnings are forecast to grow 18.56% per year
Liberum raises Moneysupermarket.com to 'buy' ('hold')
the italian company has increased there holding to 6% (see rns)
looking more and more likely of a takeover bid coming soon with the sp so low.
After taking a bit of a (unfair?) beating the shares are starting to recover and have outpaced the the index in the past week. Am not into the short term but with an attractive yield and a recovery in activity it would not surprise if there was some modest stakebuilding happening or else the shares are seen as good value with a reasonably safe dividend and likely to hold up well in an inflationary environment.
I was thinking the same thing this morning.
I notice that on 5th April, Barclays downgraded Mony from 260p to 220p. There's obviously something odd going on here as that still suggests the price is way undervalued. I'd have thought it due an upgrade. It must be seeing a large influx of people looking to find cheaper stuff at the moment. Either which way, interesting times.
Why are these undervalued what PE are u using. What is industry average?
If ur saying co. Is undervalued... back it up!
Great trading statement. If you look at the RNS the Italian equivelant of MONY has purchased more stake up to 4% now so may be looking at a possible take over. Why else would they do this as they are not an investment fund?
To be clear you will not be entitled to the divi as the ex dividend date has past.
You are right, however these do appear to be undervalued if prepared to hold for a couple of years imho
This looks undervalued at the current level, its almost 7% for the div if you buying today. I just bought a starter at 172, let's see how it goes.
U turn , oil /gold look a safer bet for the medium term , sold at a loss today , GLA
Dithered at 1.92p paid a premium today 2.11p GLA
da- master as i have said before the market looks forward you do not.
the loss of the energy market is already priced in, but the demand from the public for savings on purchases - loans -discounts- insurance- holidays etc etc etc is still there and quidco is an excellent purchase i.m.o
yes the b.o.d has protected the s.p by keeping the divi but they and I believe that this will show in the s.p over the next 24 months. in other words you are too narrow minded .
That doesn't appear to have bothered Heronbridge Investment Management LLP which, as advised in the RNS on 1st March, has taken a 4.98% stake in MONY. This significant purchase is presumably the reason for the robust share price performance over the last few days.
Yes Mark and the dividend isn’t covered; that’s what I’m saying. When the dividend per share exceeds earnings per share, the remainder is being paid from net assets; i.e. from the balance sheet.
BODs often come up with some spiel like “to reflect our confidence blah blah blah” but it is a gamble that erodes book value.
Mony is holding up well considering the bloodbath across the rest of the market. Nice recovery since the results. Good divi due and the prospects look brighter. GLA
chairman robin freestone buys 100k of shares see rns
It's not debt free - ÂŁ57m of debt (not outrageous) ÂŁ50m of which was taken out to buy Quidco. I hold and down 25% but holding on - possible take over target to me. Not a big fan of the latest advertising campaign - it really doesn't do it for me personally - hopefully it appeals to most people. Need to see a big move upwards in insurance at next set of results.
the stock market has had doubts about mony since mid 2019 when the sp hit 420p. the question is whether they have now bottomed out at 190p.
lockdown reduced the incentive to compare prices and the energy crisis rendered its services in that area redundant until something like normal service resumes.
group revenue for 2021 fell 8% from 344.9 m to 316.7m adjusted ebitda was 7% lower at 100.5m against 2020s 107.8m that was an improvement on analysts expectations of 96.5m.
in the final quarter the standard problem was home services where revenue was down a whopping 64% to 8.8m but travel leapt 184% to 1.6m as covid restrictions was eased.
peter duffy ceo expects no energy revenue this year but is still shooting for ebitda to be at similar level this year. "we remain confident that the energy switching market will return strongly inthe medium term" he said.
more important is what can duffy do to squeeze more from money supermarkets customer goodwill. las year he bought quidco a cashback provider to compliment moneysavingsexpert in the growing range of the groups proactive services. top priority is to boost cross selling from 19%-40% in time. more add-ons are on the cards. the shares price to earnings ratio for 2021 is a fair 16 while the dividend has been maintained and should grow the 6.1% yield is more appropriate for a business with far less potential.
last october we rated the shares a buy at 212p but the market judged that the balance of bad and good news was still tilted to the negative. the better than expected results and more insights into the management's plans suggest the balance is moving in the right direction.
tempus advice is BUY WHY- the bad news is in the sp. but as yet the good news is NOT.
197?
For the record you should be looking at dividend cover. The dividend will always be reflected in the balance sheet???
187.8 You were saying Mark?
Yes we've forgotten about payout yield and so has the market ;)