The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Very robust trading statement. One can only wonder why in gods earth it is down 10%????? The market is totally detached from reality
Expecting a decent jump in SP tomorrow am following results announcement and trading update.
in the last month.Reminds me that i need to get a card on the moonpig app.
I've finally downloaded the moonpig app.I'm always using moonpig for their lovely personalised cards and convenience.Love putting my dogs on the front of them.
Where did you hear this?It would be a weird change of strategy for moonpig to take on lots of physical shops and card has a lower mcap than moonpig.That would be an unusual takeover (but has happened before obviously).They would need some serious leveraged help though i would think.
Stranger things have happened , still a strong hold for me whatever the outcome , great potential here .
moonpig takeover talks with card factory is this true or bullsh++ me personally cant see this happening but ive been wrong many times b4..
Moon pigs year end today. Turnover and profit will be at least 100% better than last year if not more imho. News of dividends would be good too.
I wonder how Mothers Day volumes are heading?! I’m thinking at least double from this time last year. Hopefully the flowers and gifts side going well too!
300!! I'll be lucky. 400 :)
Well done on your article. It was a good read and i share your frustrations for honest fact based private investor info. I like Moonpig as a company, and use it more than ever during lockdown. Hoping to get in today at 300 if the chance arises.
Looks like another Aston Martin to me... lofty valuation which looks difficult to justify... might be woth a punt for the portfolio at 100p.
StockDrilldown, unfortunately, you can't post links unless you posted 10 messages minimum. So keep chatting :-)
At 5.1x EV / 2021E Sales, it's a punchy valuation. However, there are a number of catalysts which support the story, including driving upsell of gifting products, increasing average order value (AOV) and capturing new users in a growing market (given the sturctural offline to online shift we are now seeing). Capturing some of these catalysts could add significant revenue in the coming years, which supports its high valuation based on its current financials.
I've summed this up in my newsletter, linked below, together with my full analysis.
https://investingdrilldown.substack.com/p/the-drilldown-moonpigs-ipo
Thanks,
RB
Great prospects here but a bit pricey for me atm.
Great trading update, doubling last years turnover and margins remain the same.
Any news of a Dividend would be good????
Some tasty late trades. News on the horizon? Can only imagine demand over previous two weeks during Valentines was very strong. Not long until Mother’s Day!!
I'm waiting for the price to come down a bit before I buy. I tend to buy into companies I use nowadays and that works for me. I used to think Moonpig was tacky but they have really diversified and are a really good option for gifts by posts. I send my mother little pick me up lockdown gifts for under £20-£30 that would be double that through a florist or M&S. I like what they are evolving into.
I do think these are pricey right now, but on the plus side as a business I think they'll be around for the long term. In the high-street greetings sector, I think Card Factory and supermarkets at the value end will see off the likes of Clintons for bog-standard cards etc in the short-medium term. But, longer term, Card Factory is best known for its high street stores, and by the summer there won't really be a high street for people to go back to - at least not in the traditional sense of a shopping destination. I suspect there will be a die-hard cohort of older folks who will still venture into town and pay for parking, dodge the beggars etc specifically to get a birthday card for little Timmy, but younger folks will all be buying online or grabbing one when they do their grocery shop. I can't see the Moonpig SP straying outside the (admittedly wide) band of £2.50 - £5.00 without some massive news about expansion or an unforeseen problem.
Sold mine today I might come back when i know what theyre intentions are but as it stands its not for me
The business really took off for Nick when the ecommerce started taking off.I wonder how much moonpig are investing in tech like ocado still?Different business (only so much R&D you can do in the personalised card business i would think admittedly) but if they can own their supply chain or do something clever.Are they in the US or trying to expand over there?That can sometimes backfire however. Remember investment in tech might not show in the overall p&l accounting 'tricks'.
Problem with bricks and mortar stores is the leases (unless owned by company) can be a massive liability in the longer term as we all know from Boohoo and Asos picking up the remains of Phillip Green's Arcadia and so many other highstreet stores.
At least she hasn't tanked yet!It will be interesting to see where she is in a couple/few years.
Personally I see moonpig as a long hold and not so much for trading as long as you like it.It can be hard to get an solid idea of the value market attributes to a share too soon after ipo though.
However i do love Moonpig!
Cool to see moonpig listed over here even though Nick Jenkins sold out a while back i believe!