Mony Share Discussion Threads

[santino1] 20/9/2010 11:31

In my account on Friday.Going in the right direction-UP.

[isis] 20/9/2010 09:38

Had mine Friday. For once I hope the shorters are right as I want to buy some in the Seventies.

[fugwit] 19/9/2010 20:58

Anyone received their divi yet? No sign here so far.

[isis] 19/9/2010 12:54

They went low in the Banks crisis - don't forget you could buy Barclays at 70p then - don't tell me you are short them too?

Should have gone long. :-))

[davydoo] 19/9/2010 11:59

Was 70, then 30, now high 20's, is it going to get any lower?

[isis] 19/9/2010 09:12

davydoo - you have shorted from 83p and they touched 93p on Friday.

Stop being a burke - you obviously cannot read the accounts properly - profits are in the high 20millions.

[davydoo] 19/9/2010 08:56

Their deferred tax liabilities exceed their cash.

[isis] 19/9/2010 06:46

I think The Times uses the services of a Competitior

It just proves that it is not an easy market to enter. MONY are easily the number one and lead the way.

They have at least £30m on their balance sheet and the profit forecast for this year is £28m.


You should have gone long.

' Moneysupermarket
The price comparison website looks expensive but it has been identified by David McCann, lead analyst at Numis Securities, as one most likely to be a target for private equity now that Simon Nixon, co-founder and executive chairman, is free to sell his 52.5% stake.

As with many in our target list, Moneysupermarket has lots of cash on its balance sheet and very little debt.

Google could also be interested, said McCann, because it has considered moving into the price comparison market in the past.

[davydoo] 18/9/2010 09:11

Interesting article



MONY isnt even metioned as a competitor.

Ive had a closer look at the accounts. 'Goodwill and Intangible Assets' is about the only thing MONY has on its balance sheet, otherwise its broke.

[davydoo] 17/9/2010 17:18

it just wilted away all afternoon to close down.

[fugwit] 17/9/2010 13:24

evox, so it did, tiny break of that Aug '09 high so we could well see a follow through now.

Re takeover, Nixon has been a pretty smart cookie to date, had a big payout from the last special divi, without a really hefty premium I can't see why he would be tempted.....he will know full well what the firm is capable of. That said there could well be plenty of rumour.....and that is usually enough.

[evox] 17/9/2010 12:00

fugwit : you just got your 92p! Good call.
davydoo - do you still think these are not a takeover target?
Whatever, GLA LTH

[fugwit] 17/9/2010 11:39

Davydoo, I question your assumptions regarding growth and margins. If you run through the previous presentations and look how and where they are spending and cutting you will see the focus on margin is likely to pay off, when you consider the ceo background and the cross sell potential I would not want to bet against mony. It is the smaller market share players that are likely to chase share to the detriment of margin. This element of their strategy is something they have been stating clearly for a couple of years now.

Whilst I am a long term holder of mony for divis I expect to see them act like a growth stock when the financial services market (oparticularly debt) increases its transaction volumes. This will occur when the economy recovers properly and not before.

From a trading point of view we have just broken out of a trending channel running from August '09 so I would expect at least 92p from here.

Ditto isis; I would also like to accumulate some way lower. I think these guys are doing a great job executing a well considered strategy.

If I'm not mistaken it is divi payday today.

[isis] 17/9/2010 08:31

davy - this is very good cashflow Company with good profits and divi's - not sure why you picked this one to short.
A Private Equity Co. would love to nab this one.

[rafieh] 15/9/2010 22:06

Is the 2-year chart going to break out and create a "cup and handle" formation? what would be the target if that were to happen?

[davydoo] 15/9/2010 19:49

But theres speculation over RMV, speculation over ASC, speculation over lots of companies, ultimately its just speculation.

Lets look at why one company bids for another company? is buying MONY going to offer a ticket to a new growing market? no, because its an increasingly competitive market with margins under pressure, and ever increasing costs to market itself to its end users. Is it going to offer some unique IP or technology? no. Is it going to offer a predictable, growing future revenue and profit stream? no.

So why would someone pay half a billion pounds to acquire it?

[shano2] 15/9/2010 19:14

The way this is moving up makes me wonder if there is some foundation to the recent takeover speculation mentioned in the press.
Rgds

[isis] 15/9/2010 16:12

Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-10 145.42 26.35 4.93p 16.4 2.3 +7% 3.79p 4.6%
31-Dec-11 155.74 31.35 5.47p 14.8 1.3 +11% 4.00p 4.9%

It is to do with some funny accounting method they are using - I'm not an accountant but it is all kosher.

The profits are much, much higher than your figures - hence the share price.

[davydoo] 15/9/2010 15:53

Theyre not my figures. i'm just quoting from their published annual and interim results.

I'll take a closer look though.

[isis] 15/9/2010 15:50

As I said there are reasons it is shown like that but it is not the true figure, which is why they are at this price.
It is not even highly traded - don't you think shorters would have been all over this and the share price much lower if your figures were correct?

The surplus money on their accounts were paid out in Special Dividends, not losses.

[davydoo] 15/9/2010 15:46

well profit after tax in the six months to Jun 2010 was a whopping £2m !

and cash was down to £28.3m

[isis] 15/9/2010 15:39

We're in 2010 so not exactly far ahead is it? Also the market cap is £450m so the P/E is around 14 - not massive when you think HSBC is on 21.

Their EBITDA comes up a bit funny because of the way they issued the shares but the real profit is nearer £30m.

go back and do some more research or you will lose all your money.

Mind you I don't mind them falling as I want to buy in the 70's. :-))

[davydoo] 15/9/2010 15:34

ok so youve edited your post after my comment, but thats ok.

You are using forecast numbers for year ending Dec 2010, I was using actual numbers from year ending Dec 2009. Which is only fair since my comment was regarding the article in the header of this board foreacsting for the year ending Dec 2009 (although to be fair to the author of that article it was 3 years ahead, and was pre credit crunch)

Page 5 of 86 in the 'financial highlights' of the 2009 annual report is where i get the £1.9m from.

[isis] 15/9/2010 15:27

Not sure where you get £1.9m - you are clearly an idiot.