When you look at the 3 year chart, you realise how much potential there is here. |
Will be interesting to see what happens to the short seller reports in the next few days. They never seem to reduce when you expect them to. |
Wow i am bullish but that was unexpected |
If it breaks 1000p next stop 1200p |
Could well beFingers crossed |
Me tooRecently bought back inA cheap stock which has bottomed out and strong cash generation. The signs look positive and may even be a target themselves at this level |
The new buyback is big news. In line and maintaining medium term guidance of mid single digit organic revenue growth and 30percent margins. That is enough for a continued rerate but don't forget the balance sheet has plenty of room for continued inorganic and at the bottom of the ad cycle its a nice time to snag a few bargains. All IMO long term bull |
And another share buyback announced. This time £45m, nearly 5% of the company as it currently stands. All good. Potential for share price to double inside 12 months perhaps? |
I think it would look better if they'd just repaid debt instead of doing share buybacks. |
Good cashflow. Debt reduction. Back to organic growth. And all the while sitting on a pe of 7. Seems very cheap. |
Well I'm very happy with the 32% price hike in the last month and the £21 target by Deutsche Bank |
I think it forms a good base, probably some profit taking over the next few weeks but if FY Op Cash comes in at 250m we'll be fine |
And the best bit
Operating Cash flow (£m) 130.4 117.3 +11%
Net Debt 296.7 327 (FY23) -30m |
- UK revenue grew by +3% organic, very strong growth in price comparison (Go.Compare), up +30% (driven by strong car insurance performance.)
- US revenue declined by (11)% organic (affiliate products continued to be impacted by weak consumer sentiment)
- Net Debt £296.7m (FY 2023: £327.2m). Total available debt facilities at the end of March 2024 were £650m (FY 2023: £900m).
- £45m share buyback completed
- Additional £45m share buyback
- The businesses making up the Group are significantly undervalued. Will actively look at further options to accelerate value creation across the Group's business units
- We are encouraged by a return to organic revenue growth in Q2, progress which has continued into Q3. |
The outlook for a single mid digit CARG doesn't warrant a significant share price appreciation. |
That's quite an important point. In addition, this caught my eye: The Board will continue to keenly appraise performance and will actively look at further options to accelerate value creation across the Group's business units. |
Wasn't all this already reported?Is there anything new other than organic growth as reported for Q2 has continued to Q3 and cash generation is good? |
Disappointing results today. GAS, a fanciful name for an under deliverying strategy. |
Go.Compare, Carwow link in educational partnership
By Aimee Turner
|
14 May 2024
Go.Compare and Carwow have launched a strategic 12-month partnership to help inform customers on insurance.
The new partnership, the first of its kind in the new and used car marketplace, will include a hub with useful information on the Carwow site and tips from Go.Compare in the Carwow newsletter. The guides will include Go.Compare information about how to lower insurance costs
hxxps://www.am-online.com/news/gocompare-carwow-link-in-new-partnership |
Good read, yes, GoCompare shall do the same in any other possible space. I got my insurance with GoCompare through Quidco which gave me £30 cashback. |
Just seen this old news from the 2nd May about Moneysupermarket and Autotrader entering a strategic partnership. Slightly surprised that this hasn't had some sort of detrimental effect for #FUTR through the GoCompare ownership. Or maybe it's not relevant. |
 Deutsche Bank predicts rerating in the Future
Deutsche Bank has begun coverage of Future (FUTR), saying the media group is due a ‘material rerating’.
Analyst Gareth Davies started the publisher of Marie Claire and The Week on a ‘buy’ recommendation with a £21.20 target price as the shares gained 5%, or 41p, to 871p.
Davies said the group has ‘four high-level verticals’, including games and entertainment, lifestyle and news, wealth and savings, and business-to-business.
He said the valuation ‘stands out’, especially in relation to the ‘potential value’ of GoCompare, which it acquired in 2020.
‘We firmly believe the pressures which the group has faced have been cyclical, not structural, and against a backdrop of improving consumer sentiment in both the US and UK, we see scope for a material rerating over the next 12 months,’ said Davies.
‘The recently announced growth acceleration plan, in combination with newer verticals, more efficient monetisation in the US, and of global social media audience, provide self-help upside that should accelerate recovery growth, particularly in the US.’
hxxps://citywire.com/funds-insider/news/expert-view-schroders-int-l-consolidated-airlines-rightmove-trufin-future/a2442307?page=5 |
Indeed. Free cash flow is forecast at £145million this year. £154m next. Company uses adj. Free cash flow which is way higher than this, so this is conservative.
Valued at 6.9x free cashflow for this year.2018-2021 it was trading on average well over 20x FCF |
good luck chaps for those on this link :)
hxxps://shorttracker.co.uk/company/GB00BYZN9041/ |
Consensus eps on Stockopedia is 120p for FY Sept 24 and 130p for FY 25.
Investors haven't been factoring in the strong cash flow and the rapid pay down of debt.
Consensus net debt is forecast to be £230m to FY Sept 24 falling to £76m in 25.
Despite the 40% rise in share price over the past month the shares still trade on a low prospective PER:
Rolling forward prospective EPS (120/12 x 5 = 50p + 130/12 x 7 = 75.8p = 125.8p
At 860p the prospective rolling forward PER is still only x 6.8 (860p/125.8p) |
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