Mony Share Discussion Threads

[t-trader] 20/12/2021 15:55

What caused the spike just before 2PM?

[netcurtains] 17/12/2021 10:02

With bank interest rates rising more people will shop around for lower rates.

[netcurtains] 14/12/2021 14:48

looking at the account for topcashback they make about £10m profit and have a turnover of £140m

[anhar] 14/12/2021 14:28

Yes but they paid enough for it. The total consideration could be just over £100m if the contingencies are paid. That's about £87m up front plus retention payments and costs of about a further £15m.

According to the news release Quidco made profit before tax of £7.6m in its latest financial year. Assuming corporation tax of 19%, that's a net profit of about £6.2m and a P/E of 16.5. Not cheap.

I hope all that cash outflow and resulting net debt position does not cause them to cut the divi.

[netcurtains] 14/12/2021 14:17

Thanks anhar - that quidco does look a good business though...
I wonder how much extra profit it will generate for MoneySupers going forward. Could be quite a lot!

[anhar] 14/12/2021 14:11

Yes that's right NC for previous year ends, though I prefer to look at the original accounts.

This year is different because of the large Quidco acquisition in October. It was for cash but they had to raise some debt to fund it. According to the news release on this, as at 01 November they predicted net debt

Consequently it looks quite unlikely that by 31 December they will have the usual £20m or so net cash. Much more likely it will be net debt and thereby making the business riskier.

[netcurtains] 14/12/2021 13:33

Hi Anhar:
Wall Street Journal figures:



total assets: 283,800,000.
total liabilities: 92,100,000.

Giving NAV: 283m - 92m = £191m
rounded: £200m

Cash (depending on the time of year) about £20m - currently £9m but probably £20m by time Dec figures come out (going by past three years of history).

[anhar] 14/12/2021 13:19

In the latest accounts, the interim to 30 June 21, NAV was £191.7m and net cash was £8.8m.

[netcurtains] 14/12/2021 10:24

For an internet stock this is making great profits, has a great PE ratio, the graph looks a great place to enter (near historical lows), NAV is £200m, cash pile is £23m

[netcurtains] 13/12/2021 14:00

Why we need cheaper energy and thus why we need MoneySuperMArket.com

Each year 8,000 die from badly heated housing due to poverty in UK.
So far 1 person has died with omnicron in the UK

[netcurtains] 03/12/2021 09:32

It definitely appears to want to start to rise. Let's see how it goes. But looking OK so far. Touchwood.

[netcurtains] 01/12/2021 16:18

EM: Its not a big worry for "bottom feeders". When something is cheap you expect a few rough edges. Blimy its even got the possibility of a 5% yield and a PROFIT and a share price rise.

[eezymunny] 01/12/2021 15:17

The big big danger is insurance comparison drying up, with all the new regs about treating new customers same as old etc.

[netcurtains] 01/12/2021 15:14

Bottom Feeding a good stock.

[netcurtains] 01/12/2021 08:21

12 month target?
350 has to be on the cards somewhere.

[netcurtains] 30/11/2021 13:19

These are growth areas (I would imagine) for Money Supermarket:

1. Pet Insurance comparison (Boom in pet buying)
2. Car Insurance comparison (Boom in travelling by car)
3. Broadband comparison (Christmas)

These are stable areas (I would imagine) for Money Supermarket:
1. Home Insurance Comparision
2. Credit card comparison

These are the falling (but probably at the bottom) markets for Money Supermarket:
1. Travel Insurance
2. Energy Deals.


The average PE ratio of the software sector is well into the 20s (about 25) so Moneysupermarket in the mid-teens is relatively very cheap already.

[alotto] 30/11/2021 13:17

Question is what the share price looks like against forecast earnings.
I predict a medium term of suppressed earnings, I can't quabtify to make a judgment of the current share price.
Sure thing is, if dividends will be cut, the share price will suffer further, although it may be just in the short term.

[netcurtains] 30/11/2021 11:11

alotto: totally agree with you but that was all last week before Omnicron. This week energy prices are stable or falling. Prices appear to have peaked middle of October.
But anyway all that stuff is already in the ultra low price (relative to the other 101 companies in the "computer software" sector. - Well with one exception TRIAD PLC ticker TRD also has low PE, and high profits to market cap and also a reasonable dividend (I have that too).

[alotto] 30/11/2021 11:02

With a reduced number of energy suppliers, revenue for comparison sites will be (much) lower considering that there are less deals to choose from.
Will we see new energy providers getting into business, with the recent history of financial weakness against wholesale energy price volatility?
Many investors may be wary to venture in energy provider companies due to risk bound to gas/oil price volatility, unless prices are well hedged. I don't know how feasible is to get a good hedging for smaller companies.
Travelling also may be subdued for a good run, just see how governments react to a single individual having a sneeze in a remote corner of the world.

[alotto] 19/11/2021 14:22

Thanks Apollo

[apollocreed1] 19/11/2021 14:17

It's by far the largest platform which helps with brand recognition.

[alotto] 19/11/2021 14:10

What advantage does moneysupermarket have against its competitors, such as confused.com or comparethemarket etc?

[anhar] 19/10/2021 10:38

The update doesn't mention the divi so I'm uncertain whether it will be maintained with the fall in revenue. I'm down a lot but divis are the main thing that matters to me. I'll prob continue to hold until the final results for the year and review it then.

[t-trader] 19/10/2021 09:46

Another line of revenue growth, so a welcome acquisition.