Goco Share Discussion Threads

[trytotakeiteasy] 25/7/2018 11:12

DavR0s - Well the weakness from 140p to 122p is likely to have been caused by net shareholder selling. I don't have any particular insight though. Could just be private investor selling. Oh well results next week on 31 July. Just a bit frustrating the modest valuation here. Given the net debt I doubt they will buy back shares.

[davr0s] 24/7/2018 18:59

Not sure how you infer that. Just range bound and low volume since the previous consolidation break as far as I can see

[trytotakeiteasy] 24/7/2018 16:15

A shareholder obviously reducing their stake here. Forecast free cashflow yield is now 6.5% this year, 7.5% in 2019, 8.5% in 2020. Also net cash forecast by end of 2020.

By contrast Moneysupermarket is on a forecast free cashflow yield of 5.2% this year, 6.2% in 2019 and 6.4% in 2020.

Not sure why GOCO is much lower rated despite the faster growth. I guess the net debt position and a less diversified business than MONY.

[gargleblaster] 17/7/2018 10:18

I suspect that the lack of takeover news is dampening the price.

[trytotakeiteasy] 12/7/2018 16:40

Looking weak here again. Trading update soon but in any event H1 results at the end of July. I remember they said that results would be second half weighted which is always a concern. However, acquisitions should boost the business and the outlook. Specifically the voucher focused adverts may have helped boost the switching business this year.

[aishah] 20/6/2018 09:15

Berenberg ups target to 150p, BUY is their view.

Retailers are under the cosh at the mo. So tread with care imo

[pen8] 14/6/2018 18:38

Yes I like Go, an CCFS too and IGR and recently kape
Also now like you looking at Xlm and. Superdry as both seem oversold ?

[aishah] 14/6/2018 14:25

Bought in here a year ago. Up 45%, but more to go. Hope we don't get taken out cheaply!

Amongst the others we share common interests in; I added XLM a couple of days ago and have held CCFS for a while now.

[gargleblaster] 14/6/2018 13:43

Thanks for that Aishah - we seem to be following a few if the same stocks!

[aishah] 14/6/2018 11:08

Why GoCompare’s modest deal could have a big impact

The acquisition announced by price comparison site GoCompare (GOCO) this morning may be modest in size but could materially broaden its offering to consumers.

The company gains 3.1% to 132.8p as it snaps up energy price comparison and switching service Energylinx for £10m in cash – funded out of internal resources – thereby adding to its existing footprint in insurance and financial services.

Shares in GoCompare have performed pretty well since it was spun out of insurance business Esure (ESUR) in November 2016 at an initial 76p. In November 2017, the company batted off a takeover attempt by Zoopla’s parent company ZPG (ZPG) at a pretty low-ball price of 110p per share.

ZPG itself has now succumbed to a £2.2bn from US private equity firm Silver Lake and there is speculation it may now bid for GoCompare and bolt it on to ZPG, although it is notable that the latter already has an energy price comparison arm in uSwitch.

Putting this M&A speculation to one side, the insurance vertical in which GoCompare has been historically concentrated in is highly competitive so a diversification effort makes logical sense.

Describing the deal as ‘small but strategically important’ stockbroker Peel Hunt adds: ‘The importance of the deal is to bring into GoCompare stable the commercial skills underpinning the energy switching market.

‘The deal will have limited impact on this year's forecasts, but is a material strategic step for GoCompare.’

sharesmagazine.co.uk

[gargleblaster] 14/6/2018 09:57

Good to see that this purchase of Energylinx is made out of their own resources - no equity raise. Poison pill or minding the store?Market seems to like it.Give us an aria Gio!

[gargleblaster] 11/5/2018 17:53

A comment on the bid for ZPG by Silver Lake in IC confirms that they have also identified additional potential takeover targets in the UK, so Goco should be firmly in the cross-hairs!

[aishah] 11/5/2018 10:03

Yes, was thinking along similar lines. Peel Hunt have 140p tp, Berenberg 145p

[gargleblaster] 11/5/2018 09:55

Trying to get my head around the rise today. Obviously it relates to Silver Lake buying ZPG, and ZPG had previously made the offer to buy Goco at 110p. presumably the thinking is that with a bigger acquisitive gorilla around Silver Lake may be directed by the board of ZPG to also snap up Goco. I see RMV are up by a similar amount today, possibly for the same reason, but their may be anti-competition rules blocking a takeover of RMV. Anyway I am happy as a holder of Goco!

[aishah] 11/5/2018 09:52

Strong move today to ATH.

[trytotakeiteasy] 19/12/2017 11:33

Vouchercodes is a big deal. This will need to be assessed carefully. Financial outlook for 2017 is positive though:

"adjusted operating profit(5) for FY-2017 is expected to be at the upper end of current market expectations(6)."

Surprised at the muted reaction here. Positive trading update and a sensibly priced deal that will boost earnings. Director share purchase too of just under £50k.

[stun12] 24/11/2017 12:54

ZPG aren't allowed another bid for 6 (?) months. Obviously have now tried twice but seemingly just aren't paying enough. I'm not sure if they'll be taken seriously if they try and take a third bite of the cherry.

[sponges] 24/11/2017 11:35

Hi all - big write up in this weeks Shares mag - re possible takeover - general conclusion that it may be that ZPG could be preparing another offer - time will tell

[stun12] 14/11/2017 17:16

Ah, ZPG again, home of uSwitch, Zoopla etc. Pretty naff offer, and its shares haven't exactly shone this year. As you were, gentlemen.

[nk104] 14/11/2017 16:56

Offer made at 110p as a combination of shares and cash. GOCO has rejected it for fairly obvious reasons.

[stun12] 14/11/2017 15:15

Is that a real jump up in price? Knew I shouldn't have waited for 90p having bought pitifully few at 96.

[masterblaster] 11/11/2017 11:06

Heading back to £1

[its the oxman] 08/11/2017 12:26

Heading for 90p?

[trytotakeiteasy] 04/11/2017 10:01

I think because Sir Peter Wood reduced his stake