Goco Share Discussion Threads

[stun12] 13/6/2017 17:20

Yep, that's the way it has been. Of course, it'll be different this time...

[villarich] 13/6/2017 16:54

Broken 96...time to sell :-)

[stun12] 13/6/2017 13:29

Unusually sharp drop today. I sold mine at 95.75p, fully expecting it to charge straight through a quid, but here we are again. Mid-high 80s as a re-entry, I'm thinking, if we get there.

[villarich] 13/6/2017 12:56

I'm frustrated with this trading range too, having bought in the low 60s after ipo I'm sitting on a decent profit, but it's just not moving. Might start playing the range and see if I can pick up some additional shares. But it'll probably take off!

[stun12] 02/6/2017 09:07

I must admit to getting a bit bored with the 90-95p range. Every time it gets into the mid-nineties it falls back sharply. It's lagging the wider market, too. On the plus side, when it next gets to 95p and I sell, £1+ is nailed on :-)

[wllmherk] 19/5/2017 22:08

thanks speed, much appreciated

wllm

[speedsgh] 19/5/2017 20:48

wilmherk - from the GOCO demerger prospectus...

DIVIDEND POLICY
The Directors intend to adopt a dividend policy which will reflect the Group’s aim of generating value for Shareholders while ensuring that it retains sufficient capital to fund planned growth in its core business as well as both strategic and financial investments.

Assuming that sufficient distributable reserves are available at the time and subject to any regulatory capital requirements, the Directors initially intend to target a dividend of between 20 and 40 per cent. of the Group’s annual reported profits after tax adjusted for any exceptional items.

Subject to capital not being required to fund organic growth, strategic investments and acquisitions in the medium term, the Directors intend to return any excess capital to Shareholders over time in the form of special dividends.

The Directors are not intending to pay a final dividend for the financial year ending 31 December 2016 given the short period between Admission and the start of the financial year.

Going forward, it is envisaged that interim dividends will be paid in October of the relevant financial year and final dividends in May of the following financial year in approximately even proportions.

[wllmherk] 19/5/2017 19:18

bought a few GOCO earlier this week, can anyone tell me when the next set of results are due, I checked website and all I could find was a AGM later this month ?

thx

wllm

[cwa1] 20/4/2017 08:03

FWIW, the brokers have pencilled in 1.9p for 2017 and 2.3p for 2018 in dividends.

[wllmherk] 19/4/2017 23:15

Is this stock likely to pay a dividend in 2017, I couldn't find anything in the results ?

wllm

[davr0s] 14/3/2017 16:04

Broken support so am no rush to get back in. Glad got out at 98 last week

[stun12] 14/3/2017 14:53

Picked some up at 85.5. It did seem to have some decent upward momentum, until it didn't any more. Mid-high 90s looks quite reachable again. I hope.

[jitters3] 13/3/2017 14:44

Got afew more at 90.25

[grevis] 13/3/2017 14:21

Could be; Peel Hunt have set a target of 110 and the price has started to recover, if only slightly at present.

[jitters3] 13/3/2017 14:13

Top up opportunity

[grevis] 13/3/2017 14:08

As long as they keep improving market share, then I'm happy!

[jitters3] 13/3/2017 09:52

This always seems to go up afternoons

[davr0s] 02/3/2017 15:43

Results seemed solid enough but not "knock it out of the park" either so glad I sold my holding either yesterday. Tempted to reenter as price is dropping back but reluctant to do so on results day

[grevis] 02/3/2017 09:46

Gocompare.com revenues up 19.5%

StockMarketWire.com

Gocompare.com Group's revenues rose by 19.5% to £142.1m in the year the end of December.

Operating profit decreased from £23.1m to £21.9m although the adjusted operating profit, which excludes the costs associated with the listing and Foundation Award share based payment charges, increased by 29.9% from £23.1m to £30m.

The group said customer interactions were up 26% to 32.0m (2015: 25.5m) and it saved customers over £1bn in 2016, up more than 30% (2015: £759m).

Chief executive Matthew Crummack said: "2016 was a transformational year in which we completed the demerger of Gocompare.com from esure Group plc and strengthened the team at the executive level, whilst delivering strong results.

" As we move forward into 2017, we are focused on continuing to build on our truly independent and unbiased services that help people everywhere save time and money.

"We have made strong, fast progress over the last six months. We have recruited some excellent talent, defined our strategy and restructured our tech, product and marketing teams.

"The Board confirms the guidance for the full year 2017 that was given at the time of the Iisting.

"Performance will skew towards the second half of the year as our program of business transformation takes full effect across our performance metrics.

"We also expect to deploy capital during 2017 on investments that will drive shareholder value over the medium term."

Chairman Sir Peter Wood added: "The group, under the leadership of Matthew and our executive team, performed well in 2016, with strong growth in revenue and adjusted operating profit.

"I am excited about the opportunities that lie ahead. We will continue to drive shareholder value by placing our customers front and centre in all that we do, ensuring that Gocompare.com is the go-to place for price and product comparison."

[kkclimber56] 01/3/2017 21:23

Am I right in thinking that its results day tomorrow?

[panic investor] 27/2/2017 16:27

Going well today

[speedsgh] 27/2/2017 07:53

Tucked in with today's rns is a Trading Update in which they say that Group Profit will be haead of market expectations...

Comment on Ogden discount rate -

2016 Trading update
· Gross written premiums up 19% to £655m (2015: £550m)
· In-force policies up 9% to 2.2 million (2015: 2.0 million)
· The Group's profit1 will be ahead of market expectations largely driven by a strong investment return
· The Group's solvency position will be in the upper half of its stated risk appetite (130-150% coverage of its SCR)

[grevis] 22/2/2017 10:06

Market seems to be awaiting confirmation:

Gocompare.com revenues up 19%

StockMarketWire.com

Price comparison site Gocompare.com Group reports good progress in 2016 with revenue of approximately £142.0m, which is 19% up on 2015 and in line with guidance.

Adjusted operating profit is expected to be approximately £30m, which represents growth of 30% over 2015 and is at the top end of the guidance provided at the time of the publication of the demerger prospectus in October 2016.

It says cash generation has also been strong with leverage reducing from 2.8x at the time of the demerger to less than 2.0x at the year end. Chief executive Matthew Crummack said: "2016 has been a transformational year for Gocompare.com. We completed the demerger of Gocompare.com from esure Group plc and strengthened the team at the executive level. Furthermore, today's announcement highlights that the Group continues to deliver good trading results. We start 2017 from a position of confidence and look forward to delivering another year of strong growth."