Moneysupermarket.Com Share Chat (MONY)

The cream has arrived today 😋

Looking at the 3 year chart, and the current state of this share, it’s probably best to try to get in here at 170p.

Sold this last year, back in with today at 202p

With recent JPMorgan and BLACKROCK activity here, I’m not a buyer till this is under 2 quid.

Energy switching not happening any time soon. Often just stopped that for another 6 months at least

No mention of energy switching potentially returning early this FY and they can't really comment on direct line going live on aggs which should drop prices down more than market renewal prices to help Moneysupermarket.

The uncertainty around insurance price inflation is probably the put off for institutions. I think that risk is being overpriced so I've topped up at 2.18 and expecting a good upside from here in long run.

Not as bad as i thought but not great set of results, down on Q1.

Quidco's gross margin is declining a lot, its a low margin part the business to start with.

Prepayments need some explanation, its up nearly 20% since year end and prior year to £12m. I wonder if they are prepaying the cost they incur for the "free days out" promotion over a year. I also didnt need to buy anything to qualify for a free day out, so internal controls need some work.

Once we have profits from energy, the share price could be over historical highs

Well ggplyr, I hope you didn't put tooo much money on it!

Good news everywhere on that update. Should see the SP start its climb back to more realistic levels.

My money is on a profit warning this update.

Well it has reduced the number of syllables by 67% - quick to write & quicker to say.

All we need is Tommy James singing a theme song now (for you older readers!) https://www.youtube.com/watch?v=pkMgs3lFwkQ

😂 incredible..

Who comes up with this nonsense? But worse, why do the BoD fall for it?

Berenberg today raises mony to buy rating ( from hold).

No impairment of goodwill in the entities though, so acquired entities are still trading well.

An increase in amortisation can help companies delay tax payments, keeping cash that they can invest or pay in dividends.

They are a bit miss-leading in the presentation slides when they talk about the amortisation charge, they have stated

"that aside, like-for-like operating costs up 6% excluding non-cash and one-off items (incl. £9.8m amortisation charge and effects of Podium consoidation).

This is not wholly a one off item, amortisation will be higher in future years because they have halves the useful life of some of the intangibles, the £9.8m will include this years increased charge plus prior years charges to catch up. just changing this for quidco is an extra £2m of amortisation charge per year for the next couple of years.

Whats everyones thoughts on the SuperSaveClub?

It seems an expensive way to acquire customers, with the refer a friend bonus and the amount they pay you for taking out an insurance policy they are actually running at a loss of £10-24* per customer acquired. That’s if the customer doesn’t use the “free days out” pass which bumps this up.

This must be more expensive than pay per click, but perhaps cheaper than the TV adverts. The on going rewards probably make the customers more loyal, but I wonder if the average customer interact with MSM regularly enough for them to remember the next time they do their annual car insurance renewal that they are part of the SuperSaveClub. Perhaps if they start adding more rewards for mortgage comparison, new credit cards, loans etc then this will turn into a really good (and profitable) loyalty scheme.

*For Refer a friend, MSM pay paying £20 each to you and your friend for the referral plus £15 to your friend to take out the insurance. So a total of £55

The income they get is easy to estimate, its what Quidco pay back for insurance comparison, currently £45 for car insurance, and £34 for home insurance. So per acquired customer the club costs them £10 - £26.

Barclays analysts cut price target on comparison website to 295p from 305p; maintain 'overweight' rating. Analysts at Barclays expect Q1 rev to be strongest qtr of year at +9% and then slow down, exiting year at low single-digit growth.

I will continue to hold, it s a quality company with a 4% yield. May get an offer one day.

Trigger happy on the send there. I'll take market expectations in future years happily, they were confident to achieve this year and did so hopefully the market gains some trust they're confident to keep delivering.

Agree definitely feels a good set of numbers.

Ill

Just had a quick flick through them. The results look good - double digit growth in sales and profit with profit growth ahead of sales, and halving the debt - all very good. And the promise of energy switching income to boost sales in the not too distant future. Surprised that money was lower than last year, despite it being such a bumper year for the sector. With interest rates high looking for best deal on loans and savings I would expect to be crucial.

However, a little bit concerned about the outlook statement - it was a bit like "well we hope we can meet current expectations" rather than "this is how we are going to exceed expectations." So a bit weak, and in current markets any sign of weakness tends to send shar prices lower.

Analyst expectations look to be averaged at:

Revenue 424.2m

Ebitda 129.5m

PAT 80.1m

With this and future cash flow forecast, simply wall street has a fair value estimate at £3.82. That might be a bit much to ask for tomorrow :).

Best of luck for you both in the morning, hopefully the one large ostrich egg in a basket approach works for you willz.

I took Amazon’s entry with a pinch of salt, google tried to break into the pcw space years ago and failed, the amount of red tape and contracts they have to build up to make a viable panel is vast, they would have been better off buying out a company like quotezone and building off that in a similar way to GoCompare buying energylinx to absorb all of the energy relationships

Also this is good news:

Shares in British comparison website Money Supermarket

MONY rose 3.5% to a nine-day high on Thursday after Amazon.com

AMZN said it was planning to shut its UK comparison site Amazon Insurance Store.

Just to highlight another reason why I think Jeffries is wrong .. future plc owner of GoCompare on the 7th of Feb gave their Q 1 update which is moneysupermarkets Q4, they highlighted how strong Q4 was, and money supermarkets share of revenue historically when looking at GoCompares a pre takeover results, MONY has had greater market share