Goco Share Discussion Threads

[admin900] 15/11/2016 15:24

I dont know there this share going but it's shrinking.

[admin900] 15/11/2016 10:51

We need rns to attract investers.

[alamaison] 14/11/2016 10:20

Long game of two weeks, lol. 80p buy next week...
Massive buying = confidence.

[alamaison] 09/11/2016 16:08

In at 66.46p. Cheap.

[speedsgh] 08/11/2016 18:43

At 70p, GoCompare's shares trade at 13 times full year forecast earnings, a sharp discount to Moneysupermarket's forward rating of 19. There's also a prospective yield of 2.5% for 2017. The current valuation balances GoCompare's robust growth prospects with its smaller scale and spread, and lack of experience as an independent company. Hold.

[nk104] 08/11/2016 14:59

Big selloff today. I wonder if it is income investors running for the door on the demerged shares.

[diku] 04/11/2016 14:35

The aggregate base cost of the esure Shares and Gocompare.com Shares immediately
after the Demerger should be the same as the base cost of the esure Shares immediately before the Demerger.

[speedsgh] 04/11/2016 14:11

diku - Not sure how that would work? afaiaa GOCO didn't have a closing price on the previous day (2/11) as it only started trading yesterday morning?

[diku] 04/11/2016 13:58

I would have thought it would be the closing price of the previous day....stand to be corrected...

[speedsgh] 04/11/2016 11:37

For those who may be wondering how to apportion their original cost of ESUR shares between their post-demerger holdings in ESUR & GOCO shares, the following is taken from the circular re the demerger which was published on 11/10...

"Shareholders who are resident in the UK for UK tax purposes should not be treated, by virtue of the receipt of Gocompare.com Shares pursuant to the Demerger, as making a disposal or part disposal of their esure Shares for the purposes of the taxation of chargeable gains.

The Gocompare.com Shares distributed to Shareholders pursuant to the Demerger should be treated as the same asset, and as having been acquired at the same time, as the esure Shares already held by Shareholders. The aggregate base cost of the esure Shares and Gocompare.com Shares immediately
after the Demerger should be the same as the base cost of the esure Shares immediately before the Demerger. Such base cost should be apportioned between the esure Shares and the Gocompare.com Shares by reference to their respective market values on the first day on which the market values or prices are quoted or published for such shares."

My only query is: what were the "respective market values on the first day on which the market values or prices are quoted or published for such shares". Was this the opening prices yesterday?

[abergele] 04/11/2016 09:45

Brokers Peel Hunt have a future forcast of .85p pencilled in it seems,

[saltaire111] 03/11/2016 21:01

Shares are in my account. I now have 1,968 shiny new GoCo shares. Should I keep or sell?

Salty

[stun12] 03/11/2016 15:28

So the pundits were going for a valuation in the £385m to £425m range, but 417.9m shares at 76p (listing price) is only £317.6m? A little less now at 73p, of course. It all seems a bit odd, though the market hasn't exactly been friendly this week.

[saltaire111] 03/11/2016 15:16

My account is not yet showing an allocation of shares in go. Looking at the price chart above, it appears shares are trading at about 73p. Down about 3p on the listing price.

Thanks.

Salty

[masurenguy] 03/11/2016 14:13

Gocompare to enter stock market with £400m value

Insurance aggregator Gocompare is set to split from Esure later this week and make its London stock market debut with a reported value of about £400m. In a stock market filing earlier this month, Esure said its shareholders are expected to approve the Gocompare demerger at a general meeting on November 1, Tuesday. The admission and commencement of dealings in Gocompare shares on the London Stock Exchange will then be made on November 3, Thursday.

Peel Hunt has estimated its value at £425m, while Shore Capital has penciled in £385m. According to the report, Gocompare is not raising any new money as part of the stock market listing. However, the demerger will unlock £63m in cash to help boost Esure’s reserves. Esure announced in September that Gocompare is splitting off to become a “stand-alone entrepreneurial digital technology business.”

“We believe that a demerger of Gocompare.com from Esure will allow both entities to thrive and reach their full potential,” group chairman Peter Wood said in a previous statement. “Esure and Gocompare.com are distinct businesses, which are both underpinned by strong brands,” he added. “A demerger will allow the separate management teams to focus on their independent strategies, and also enhance their ability to align senior management incentives.”

[admin900] 03/11/2016 11:23

Anybody know if gocompare profit making company.

[stun12] 03/11/2016 10:09

Thanks for that. Google Finance has yet to catch up so it's nice to have a price graph in the header.

[masurenguy] 03/11/2016 09:22

New thread to cover Go Compare following the demerger from Eusure and their separate market listing.