Mony Share Discussion Threads

[prokartace] 01/8/2013 09:18

investec buy but target lowered to 210 from 225

Also no support at 180 as we have already traded down to 173

[tommyjnewton] 01/8/2013 08:48

I'd have thought the Nixon sale of 100,000,000 shares on 5 June would be enough to raise alarm bells. It seems to have been rather well timed!
MONY may well bounce 5% after the recent fall but I'd be happy shorting this.

[funkmasterp12] 01/8/2013 08:02

Sensible opening this morning.

[indiestu] 31/7/2013 20:50

TommyYou are of course entitled to your opinion but tell me. Who bought the 11.6 million shares that were traded in today's classic tree shake. Someone who's going to turn an extremely large profit very quickly that's who. Of course that's my opinion but like they say. No risk no gain. Lets see what tomorrow morning holds in store and see if it follows the same trading pattern it has all year.

[tommyjnewton] 31/7/2013 18:54

I briefly considered buying this morning but after just a little research decided this could be something I would come to regret. A company capitalised at close to a billion with a turnover of 200 million? Curtrently making a profit of just 30 million...
Plus there are all the massive director sales in recent months.
This company isn't worth 180p a share. Perhaps 55p would be a fair price.

[1santino] 31/7/2013 16:21

Here we go again. Since Google bought out "Beat That Quote" Moneysupermarket has
had this threat of Google being a massive drain on our profits.
Yes we have been affected by the extra competition, but IMHO it will be short lived. I, like most people, when searching for car insurance would use other search engines to compare to Moneysupermarkets quote. I have always found Moneysupermarket either cheaper or comparable to the competition. For the last three years, not this year, I found by using Argos Compare I could save £30.
By purchasing a policy ,from Beat that Quote, via Argos Compare I could claim
three £10 Argos vouchers but I had to apply after the policy had run for 60 days. Since Google bought out Beat That Quote this option has been cancelled.
So I and many others will be using Moneysupermarket again.

[birdsedgeuk] 31/7/2013 15:19

Seen tweet from traderdiarycoukIve bought in 180

[funkmasterp12] 31/7/2013 12:42

Well, 178.9p technically.

[ninja 19] 31/7/2013 12:37

180p is the support line ,check the daily charts

[funkmasterp12] 31/7/2013 12:35

I really doubt it's that to be honest isis, the outlook has spooked a good few PIs and I would imagine a lot of stop losses have been triggered on the way down. There's no explicit technical or fundamental reason to short this share - profit is up, revenue is up and 178p support is holding.

I listened to the webcast this morning and whilst they cannot give concrete guidance on outlook, what has rocked the boat is Google. But again, algorithm changes are made all the time and Moneysupermarket has led SEO in this area throughout its history. They gave clear messages on how they intend to tackle this and I would urge anyone concerned to give it a listen when it appears on the website on demand shortly. CRM, in particular, is a very big potential beast and they've bought in the ex-Clubcard chief to oversee this - a hugely astute move.

There's a new ad campaign in August with improved TV expenditure which will drive Motor insurance particularly through the key period of Aug/Sept when new cars/car regs will come into the market. July was always going to be a challenging YoY given the phasing of last year's spend, but August should race ahead imo.

I genuinely feel this drop is far overdone and have added today. No fundamentals have changed enough to cause a 15% drop, I think people just don't understand enough what the company is saying RE Google and have panic-sold on the high P/E. Guidance was given on the Google issues and Money verticals in the T/S before the Results, so why such a draconian sell-off now? It doesn't add up.

Time will tell obviously - all imo/dyor of course.

[nurdin] 31/7/2013 11:52

Results look fine to me so why the drop?

[bulltradept] 31/7/2013 10:55

What is slightly worrying currently though is the price can't hold above £1.80 for any length of time.

[isis] 31/7/2013 10:51

Looks like shorters have got hold of some of that stock Nixon sold and giving it a go!

Lots of AT trades - heading upto to 2000 trades now.

[ninja 19] 31/7/2013 10:47

Bulltradept

and another 600K at 180 when spread was 180p and it spiked to 182p

2 very big 600K and and 653K.


someone is a accumulating

[funkmasterp12] 31/7/2013 10:41

More from the webcast specifically on Google:

- Penguin 2.0 algorithm change most significant ever - changed over 2.3% of all natural search around the world.
- Impacted MONY rankings on "car insurance" and "home insurance", others unchanged.
- 12 years of leadership in Natural search plus a team of 30 employed to drive this going forward. Changes in particular to landing pages key to restoring SEO.

New CMO (ex Tesco) clearly knows his stuff.

[ninja 19] 31/7/2013 10:41

another 653K @179.64p

yes every naive to have loaded at 173p

[bulltradept] 31/7/2013 10:41

Harsh there, someone ponied up another buy @ 10:36 653,000.

Or am I reading it wrong?

[prokartace] 31/7/2013 10:39

How naive ninja

[ninja 19] 31/7/2013 10:25

here we go

600K buy @180p when offer was 180p. They needed to fill it that's why they dragged it down

[isis] 31/7/2013 10:18

Overdone - Steam in!

[funkmasterp12] 31/7/2013 10:16

Listening to the webcast. Key points so far:

- £2m+ changes H2 yoy to advertising spend, which is budgeted for by a 6% lower overall spend YTD. This will launch a new ad campaign.
- New advertising to reflect all types of the offer (e.g. Energy which is already 84% up YoY), not just Insurance.
- Google algorithm changes only affect 2 major search terms ("car insurance" and "home insurance") due to the Penguin 2.0 update which is being rectified. Other terms not affected.
- Funding for Lending to potentially impact Savings vertical until end of 2014 but company taking a number of steps to address this.

[iomhere] 31/7/2013 09:54

Places not to be! Fielding questions on MONY's behalf at the press conference starting in six minutes time.

[isis] 31/7/2013 09:42

It seems they have taken the results as a profit warning??

Seems a bit unfair. imo

[fugwit] 31/7/2013 09:35

Don't forget the call at 10am, always informative. I suspect google a bit of a red herring as they have been through same before and as %age source of traffic has been in decline for some time (caveat: will always be important source).

Have long been hopeful the market would fall out with Mony, will be interesting to see how far any re-rating goes if it does occur. We are at a significant technical support at the moment so interesting times.