Goco Share Discussion Threads

[discodave4] 18/4/2019 20:47

HTTPS://uk.finance.yahoo.com/news/see-strong-case-buying-both-092157692.html

[davr0s] 18/4/2019 20:39

This was a bid target when the price was 50% higher. Maybe it will happen but it's dangerous buying on that basis as the price action has since demonstrated

[discodave4] 18/4/2019 20:29

Yep but the poster was merely hoping for a bid of £1.50.

[moneypenny2018] 18/4/2019 20:24

Yes that’s the one. But if you look at share price range last June/July it’s around that lvl.

[discodave4] 18/4/2019 20:17

Money,You did mean the London South East (LSE) BB didn't you?, can't see anybody mentioning £1.20, a poster on Tuesday posted he hoped that the share price would rise like last summer or a bid at £1.50.DD

[discodave4] 18/4/2019 19:48

Thanks moneypenny,Am a member so will pop over and ask.

[moneypenny2018] 18/4/2019 16:27

Cooling it off with £80 worth of trades lol

[moneypenny2018] 18/4/2019 16:24

Fantastic! Cooling of that RSI ;)
Fat boys coming in

[moneypenny2018] 18/4/2019 11:20

Needs to break 93 now but that’s just playing with TA which is just used by those accumulating ... Everyone seems to know were this is heading we can also see it.

[moneypenny2018] 18/4/2019 10:22

You need to ask him. You can read the posts on LSE you don’t have to be a member (I am not a member there). I assume that might make sense considering that we were trading at 120 this summer and unlike Monysupermarket GOCO never really recovered the q4 2018 slump in equities despite the good news from we flip etc. Also what price do you get if you apply the Moneysupermarkt multiple? My main thesis for investing here was that this was undervalued in relative terms. If you get a buy out that is a much welcome upside...

[discodave4] 18/4/2019 10:12

Hi money,Where did that guy hear that from?DD

[mad foetus] 18/4/2019 10:11

I did top up, very happy to get at under 90

[moneypenny2018] 18/4/2019 09:56

Think this is a good place to add. There is a guy on LSE chat room saying target 1.20 or even buyout at 1.5! That would be great.

[moneypenny2018] 18/4/2019 09:26

What was that Mad foetus? Pullback unlikely? ;)

[mad foetus] 18/4/2019 08:09

MONY results good so will probably support us here. Pullback unlikely but I will buy at sub90 if I get the chance

[discodave4] 17/4/2019 22:19

Hi moneypenny,Thanks, yep RSI overbought but hopefully SMA200 at 88 will provide support for any slight pullback before having a go at £1.

[moneypenny2018] 17/4/2019 21:13

I am here DiscoDave! I have been following the action :) The RSI is a bit overstretched so I am not sure if there will be any pullbacks and to what extend.

[montyville2] 17/4/2019 13:29

Looking bullish here, and chart wise we have a golden cross forming 4-6 weeks away. I think we will test and break the significant 100p barrier next few weeks. GLA

[aishah] 17/4/2019 10:04

The Momentum Investor commented last month:

We suspect the share price weakness may reflect the announcement that the group will invest an extra £10m in marketing this year on start-up venture weflip, a new product launched 15th October ’18, which automatically switches or ‘flips’ a customer from one energy provider to another and is the first product launched as part of its new “savings as a service” strategy to reduce customer “botheration.”
Start-up losses were £1.2m last year and this extra investment will depress profits in FY’19. But CEO Matthew Crummack is talking big: “weflip has the potential to disrupt markets in the same way that price comparison did when Gocompare launched in 2006."
After five non-exec directors bought shares post results, Chairman Sir Peter Wood (who founded hugely successful Direct Line and Esure insurance businesses) has just waded in and bought 17.8m shares at just under 64p, taking his holding to 29.9%. If weflip works out, the shares could easily double from here on a 2-year view. We are buyers.

Added more at 70p last December.

[aishah] 17/4/2019 10:00

On Weflip launch Matthew Crummack said: "This hugely powerful tool will track energy deals daily, but we anticipate customers will be switched once or twice a year, when a significant (at least £50) saving can be made.
"With Weflip we are creating something that will appeal to the occasional switcher who ultimately ends up back on an SVT, and to those who have never switched. A significant barrier to switching is the hassle – perceived and real – that people associate with the process, along with their disinterest in the energy market more generally.
"Weflip aims to remove that hassle by allowing households to simply outsource this burdensome chore, saving everyone precious time and money year after year."

[maximus57] 17/4/2019 09:40

Seems to have finally pushed past the 77p stumbling block miss moneypenny. You still about. Onwards and upwards

[mad foetus] 17/4/2019 09:13

Amazed by how this has passed everyone by.

[discodave4] 17/4/2019 09:02

Gaining some momentum, no TA but would think £1 will give some resistance, we will see.

[discodave4] 15/4/2019 18:53

Yourself included!