Mony Share Discussion Threads

[deadly] 19/10/2021 08:32

Market like the TU and/or the acquisition today, even if revenues from energy switching will be down.

[anhar] 27/9/2021 10:47

I'm in shares only for income and agree with Warren Buffet's view that my preferred holding period is forever, provided in my case that the share continues to deliver on income. I'm not concerned with price movement so am staying with MONY for the time being despite the fall on my cost, on the assumption that they will maintain the dividend at 11.71p where it has stood for the last two years.

If they do, at 213p that's a yield of 5.5% though my personal yield is lower on a higher cost price. But if they cut the divi due to poor results, I will reconsider.

[suetballs] 27/9/2021 07:10

I'm out - imo better short term opportunities elsewhere.
Mind you this low share price could produce an offer.
Good luck everyone.
Suet

[its the oxman] 26/9/2021 16:33

On the basis of wholesale markets declining board are confident of delivering expectations for the year, how long before the profit warning.

[disc0dave45] 26/9/2021 12:07

No, car insurance is a flat fee, as is home insurance, bike and pet insurance, energy and credit cards.

[plat hunter] 26/9/2021 11:52

They market car insurance for free then?

[disc0dave45] 26/9/2021 11:45

They only get commission for travel insurance, breakdown, life insurance and loans.

[plat hunter] 25/9/2021 20:39

Less choice always means higher prices. Higher prices, equals higher commissions.

[eezymunny] 25/9/2021 13:37

Less insurance comparisons coming too, with new rules about charging same to new and old customers?

[plat hunter] 24/9/2021 15:11

On the flip side, there's 1.5 million new energy quotes up for grabs

[plat hunter] 24/9/2021 15:11

It's a growth market Suet, no new cars, no growth.

[suetballs] 24/9/2021 10:45

But peeps still have their old cars which they have to insure!
Suet

[plat hunter] 24/9/2021 10:31

Fewer car sales, fewer quotes

[prokartace] 24/9/2021 10:13

Plat can you tell my why chips affect MONY?

[plat hunter] 24/9/2021 09:06

Car insurance is undoubtedly the biggest earner. MONY is a victim of the chip shortage it seems

[pinemartin9] 23/9/2021 22:10

If it dips below 200p I may buy back in. I offloaded at about 250 last week. Need to scrutine the accounts as it's a 1B plus valued company...

[deadly] 23/9/2021 21:43

Travel is improving too, surely an important part of revenue.

[boonkoh] 23/9/2021 20:32

Thought insurance was the biggest revenue segment, not energy?

[suetballs] 20/9/2021 14:53

The big drop is not surprising then - nothing to compare.
Suet

[karadas09] 20/9/2021 14:35

Suppliers all pulling deals from pcws as prices settle at the price cap.

[suetballs] 20/9/2021 09:28

Small gas suppliers going bust having an impact here?
Suet

[deadly] 22/7/2021 10:51

the market likes the results and so do I. Hardly any recovery from last year's lows so about time.

[suetballs] 28/5/2021 11:25

Good counter arguments.
Suet

[rob the slob] 28/5/2021 11:08

I don't see it that way. IMHO I think what it will mean is that insurance companies can no longer profit from luring new customers in and then hiking the price in return for loyalty. The ins companies will adjust their marketing as they will still be just as keen to attract new customers if not more so (as the chances of retention may increase). This means they will cyclically take it in turns to be the "market leader" (to new and old customers) for a year or two followed by many more years of being more expensive than others. This is what the gas and elec companies do. It might mean with all the publicity that the companies will put out that some customers are falsely reassured that they don't need to shop around but most are not stupid. Shopping around is here to stay and with autoswitching products on the price comparison sites will continue to increase.

[robertball] 28/5/2021 07:06

Isn't the FCA announcement re: auto renewals this morning a nail in the coffin?