Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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yep it has been a gift to get in at the low 100's on this one.....I have invested big on this one
I've been lucky enough to get in at just over 116 on open. Fingers crossed it'll rise a bit from here.
British retailer Moonpig forecasts revenue growth through 2024
https://uk.finance.yahoo.com/news/british-retailer-moonpig-forecasts-revenue-063428150.html
Mothers Day Delivers MoonPig a Record Week: The London Rush
https://www.bloomberg.com/news/articles/2023-03-30/mothers-day-delivers-moonpig-a-record-week-the-london-rush?leadSource=uverify%20wall
Trading performance has been resilient across the second half of the year to date and Moonpig recorded its largest ever week of sales in the UK ahead of Mother's Day. Accordingly, we confirm that our expectations for Group annual revenue for the financial year ending 30 April 2023 remain unchanged at around £320 million. Expectations for full year Adjusted EBITDA also remain unchanged, reflecting our disciplined approach to indirect cost management and our flexible business model.
We remain confident in the structural growth opportunity in our markets and in the fundamental strength, resilience and agility of our business. Our investments in technology and data over recent years mean that we are well-positioned to capture this opportunity, and with re-platforming now complete, our teams are focused on the development of customer-facing functionality to drive revenue growth.
Nickyl Raithatha, CEO, commented:
"Today's update is testament to the resilience of our business model, as demonstrated by a record UK Mother's Day. Moonpig Group's leading market positions, strong customer retention, high profitability and robust cash generation equip us to navigate all stages of the economic cycle.
We are excited to return to revenue growth in the year ahead, underpinned by continued investments in our technology, marketing and operational capabilities. As the clear online leader in greetings cards, Moonpig Group is well positioned to benefit from the long-term structural market shift to online."
Good posts Jemgee......the SP is down circa 75% from 2021 IPO....the SP needs a complete re-rate, it is far too low. I believe this is a bargain share to be snapped up by investors.
Also expect an agreement soon on Royal Mail re pay/conditions which would mean no strikes in 2023 or beyond.
Expect good updates on Moonpigs discount line of goods and subscription service platform next Thursday. They have great market presence and it is a staple in the UK and Netherlands to purchase cards for all types of events regardless of the economic backdrop.
The shorts know only what is in the public domain. Moonpig has been dragged down by the economic climate caused by the recent banking turmoil that is the one and only reason for the recent fall. This is NOT 2008 all over again, Credit Suisse has been a basket case for a number of years. Stability will return to the markets this week.
The fundamentals of Moonpig are too strong versus the MCAP which does not align. The SP will significantly re-rate in the coming weeks......looking forward to results on March 30th.
4.74% on the shorts, I think they knew something we didnt.
Can't see any reason for the sudden 20p drop. Disappointing.
Whole markets crashing?
Price has plummeted again with no obvious reason
Remember shorts only make a material difference aligned to $hit RNS updates etc. If the RNS updates are positive their short is crushed.
I.e Asos had a significant short position and the SP rose by 100% in a month recently.
Also all shorts hedge.....they take out a significant long position against the short to cover themselves....dark arts!
All PI's need to focus on is the key fundamentals and RNS updates and that drives the SP ultimately.
I've reduced my stake slightly today, just trying to take out some gains from previous lower buys. Still way down overall though. Hoping we can push to near £2 this year but i think that is wishful thinking.
true lotok and that is on my mind. Worth noting though that many shorts lose and even when they are successful, it sometimes takes a while for the drop to come. I'll be well out by the time results are publsihed.
I expect a solid rise over the coming weeks in advance of results on the 30th March.
The SP has definitely bottomed out and a good opportunity for all to take advantage.
shorts now 3.95%, someone doesn't share your optimism.
Well back in not much below that 117. Smaller position. Results end of this month so I'm hoping I'm safe (ish) to take advantage of what looks to be a break to the upside (2h chart, descending TL from Feb 2 until today, when it looks to be breaking up.)
I got out with a small profit around 117 (from memory). Interesting that you say shorts have gone up. Trading update due Mar 30th.
Shorts jumped to 3.85%
This stock is super volatile and has only ever gone down and down since it was floated. I am just hoping to eventually break even
We've had a pop back up that could very well just be a technical thing. I'm still in, but suspect the drop isn't finished. If it looks as if this little rise off the low is a real rejection of the 106/107 area then I'll consider increasing. For the moment I'm very cautious.
We're getting a lower low now, which means in all probability that I have jumped the gun. I do have 'some' support to suggest it will close above 111, but it's not that great.
So bored, not finding anything much to trade. So this might just be a bad move based on lack of action, but I've entered here again at 114. The more I look at the chart, the less convincing it looks, but at some point I think 135 + and 148 + are feasible.
It was the third highest volume day ever! It seems a little odd not to be directly related to the stock itself - 12.4 million shares changed hands.
BoE were due to make their announcement on interest rates the following day, plus there was news of the recession not being as bad as predicted. I assume it was that.
Any idea what drove the huge volume on 31st Jan?