Moonpig have repurchased circa 3.25m shares (circa 1% of shares in issue) over the past 11 weeks. |
Have whatever impression you want. I haven't got time for a stupid argument. Why not just keep it not-personal. |
Did you get some Moon when it was around 100p ? |
Haven’t seem anything. Bit crucial for Guernsey itself. |
 Anyone have any insight into the post plane issue raised in post 282? A recent BBC article suggests a solution is imminent:
Jake Wallace
BBC News, Guernsey
Published
7 January 2025
Guernsey Post is "confident" of finding a mail plane replacement when Royal Mail withdraws its funding in April.
The UK postal service announced plans to pull its "equal contribution" of the funding in August 2024, due to a "steady decline in volume" making planes underfilled.
CEO of Guernsey post, Steve Sheridan said specific details remain confidential, but he is in "advanced negotiations" to maintain the mail service.
"We are in a very good position and remain hopeful of announcing something in the coming weeks which would provide the continuation of that connectivity," he said.
'Absolutely imperative'
The possibility of a shared mail plane between Guernsey and Jersey was raised in September by government officials.
"The solution that we are negotiating at the moment, is very much a Guernsey only solution," Mr Sheridan said.
"Our own unique requirements in Guernsey are very much very different in the sense that we will be filling to capacity any future mail planes, we'll have requirement for 100% of the space on that plane."
Mr Sheridan said having two online greeting card businesses that rely on fast delivery worldwide from Guernsey, was "absolutely" part of the island needing its own plane.
"The volumes that we are handling on a daily basis for those businesses really do render the option for a mail plane to be commercially viable," he said.
"I think that it is absolutely imperative, it's a key requirement in their continued existence on the island.
"We want to support that for the wider economic benefits that brings as well.
"Of course for businesses that need next day mail solutions as well, having that connectivity will be important that we continue to provide the services that they need. |
Moonpig lands in Premier Miton fund
Premier Miton duo Jon Hudson and Benji Dawes picked up a stake in Moonpig (MOON) last year, encouraged by a pickup in consumer spending. They added the online card and gift retailer to their £172m Premier Miton UK Growth fund as they spied improving prospects for the group. "The firm has struggled in recent years as consumers tightened their belts and cut discretionary spending on gifts. With disposable incomes rising again, a strong technology platform, and dominant market share in online cards, Moonpig seems well positioned to succeed."
Shares in Moonpig are up more than 30% over the past 12 months, but are still trading at well under half their peak of nearly £4.90 soon after floating in 2021. More broadly, managers said the UK economy ‘continues to show improvements’ and, while the new Labour government is increasing taxes, its "front-footed’ approach to financial markets regulation, as well as housing and, in particular, planning legislation, augur well for the nation’s economic prospects and encourage investment". |
Moonpig launches AI-driven handwriting tool
The online card firm has introduced a feature enabling users to create their own digital handwriting, bridging the gap between convenience and personalisation
The new feature, which launched this month, allows Moonpig users to create their own digital handwriting by drawing each letter of the alphabet in lower and upper-case fonts. Technology then generates a font for each user which can be stored in their account and used again.
Complete article: |
Just don’t want this sold off to VC before Greetz gets into profit and experiences is rationalised.
Although the latter has been a bit of a burden, the acquisitions have almost made Moon the sole source for easy buying of experience gifts. These sorts of acquisitions escape any competition issues, but they gradually turn into semi-monopolies.
Just the same as Amazon has over SME’s because they have no way of being seen otherwise.
I used to promote buyagift and red letter days as an affiliate and make good money, because in the days of desktops, you could advertise fairly cheaply, as there were at least 15 visible results on page 1 of a Google search.
Now the internet is dominated by very large middle-men and Moon is one of them. |
"Moonpig’s half-year revenue increased 3.8% to £158m, while adjusted cash profit grew 1% to £41.8m thanks to growth in new customers and orders from existing ones, prompting the company to upgrade its targets. As an online business with low capital requirements, Moonpig generated £10m of free cash flow, which allowed the company to cut debt and post its first dividend. Moonpig’s forward PE ratio of 19 is reasonable. 222p" Investors Chronicle |
Broker tips: Moonpig
Mon 16 Dec 2024
Last week's dramatic share-price plunge at cards and gifts retailer Moonpig represents a good buying opportunity for investors, according to Canaccord Genuity, which reiterated its positive stance on the stock. Moonpig said last Tuesday that it swung to a pre-tax loss of £33.3m in the first half, from a profit of £18.9m the year before, and pointed to "challenging" trading in its Experiences segment. However, Canaccord said results were still "strong" and kept a 'buy' rating on the shares on Monday, raising its target price from 254.0p to 267.0p.
"Moonpig delivered a strong set of interim results, upgrading medium-term EBITDA margins by 100bps, yet this got overshadowed by tough trading on the gifting side and by a non-cash impairment of the Experiences business, while a high share price into the results resulted in a sell-off in the stock. We believe the sell-off in the shares provides a buying opportunity with the investments made into the platform beginning to pay off with Moonpig returning to active customer growth and seeing rising order frequency, while new revenue initiatives are helping support the margin." said analysts. |
I thought they wanted to keep hold of the data as part of their platform ambition? I'm not entirely convinced they have that potential imo, but it's a novel ambition.
Yes, I've owned card since it was in the 40s and 50s, and it has grown like-for-like every year since it's gone public, which is an incredible achievement, and I'm also surprised by how long it's been selling at a discount and totally understand why an Australian billionaire and The Gates Foundation are shareholders.
Well, I just don't think it's coincidental that, given there's 100m debt on the balance sheet, that they've decided on large distributions just before they announce that the management has massively overpaid for an acquisition, which was supposed to be strategic and hasn't really proven to be.
Finally, I think that's somewhat lazy thinking and why card is such an opportunity because of such thinking. There are many successful physical retailers who are far from a risky bet. I would rather own Primark than Boohoo or ASOS, even with their data; Aldi and Lidl thrive as does B&M and many more. I |
Its not a tech business, its a consumer business using tech., so it has “captive”; customers. Customer data sells very well on the open market and has great value to sellers, thats why everyone is after your email address just for buying paperclips.
I imagine there’s still a decent future for Card. Why its attracted a following on advfn is a puzzle, probably to do with trading rather than investing, which is probably why this thread is very quiet.
Moon took over experiences businesses before the cost of living problems and a general drop in larger discretionary purchases.
So they are a current drag until they are sorted out and so is Greetz until its profitable.
I’m not trading so not looking for temporary shares in risky areas like physical retail. |
Results were okay. There was a bit of froth here imo, anyway.
Seems management blundered with £124m of cash for Red Letter Days and is trying to get people to look elsewhere by shouting 'tech' and paying out lots of cash. It's not growing like a tech company.
Some good ideas and run well-ish, but I won't be getting back in. Much more upside to card imo, but I don't want people here to hate me for saying that ;) |
Weird mix of very large trades and lots of very small ones today.
Not sure why the share price rose into results - they'd not signposted or hinted at an exceeds. |
The valuation here is because of the online market dominance and the “captive”; audience of users.
For anyone not familiar with the holy grail of business, its annually recurring revenues and a set of users or clients than can all be upgraded, cross-sold etc etc. Preferably the business to have built a close to monopoly in its market.
Strictly speaking Moon don’t have the Amazon Prime type of recurring revenues though.
Also these results have been produced despite problems with gifting and Greetz being loss-making.
Stick it in the US and the p/e would be nearer 50 than 20. |
4*
Moonpig Group plc posted HY results for the period ended 31st October which were pretty looking. Reported revenue increased by 3.8% year-on-year to £158.0m, driven by double digit growth at the Moonpig brand. Adjusted EBITDA was up marginally to £41.8m from H1 FY24 £41.4m with margin rate above the Group’s medium-term target range. Adjusted profit before taxation growth was 9.0% to £27.3m reflecting growth in trading and lower interest costs. Current trading also remains in line with expectations with growth underpinned...from WealthOracle
wealthoracle.co.uk/detailed-result-full/MOON/1075 |
Why are these terrible figures ? Sales were marginally up 3.8% with gross margin improvements resulting in a 9.0% increase in pre-tax profits. This growth should continue with full year sales forecasts unchanged and with the number of Moonpig Plus/Greetz Plus subscribers increasing by nearly 400% from 200,000 to 750,000 over the past year. Furthermore, they have a strong cashflow, which is funding both their £25m share buyback program plus an interim dividend of 1.0p.
Following a circa 70% rise in the shareprice over the past year there is some inevitable profit taking this morning. No position here yet but this remains on my watchlist as a stock with good forward capital growth potential. |
Terrible figures and no explanation
I guess nobody cares. |
You pay for convenience and customisation. Same with Prime and thats just for instant gratification, not just convenience, plus you pay £100 a year for that.
Our close family has 4 females and 2 males. Only the women use Moonpig, probably because they have social media and mobile addiction issues.
Point about Guernsey is interesting. That is a theoretical risk. The gifts come from all over the place though. I’d be very surprised if Guernsey shot themselves in the foot, or allowed our gov to mess with their exports. There are a lot of vested UK interests in Guernsey, not unrelated to some politicians and high level public “servants̶1;.
Also imo price-sensitivity is not a major issue here, so passing on increased costs may not be either. |
Just found that the plane costs without staff, fuel etc are just over 1.75m. That's more than GP made in profit last year. 3 pilots is another 0.5m at least. Fuel costs are going to be about 2.5m to 3m. Plus at least 2m for overheads and other costs. 80% of that's around £5.5m that GP has to find on profit of around £1m. Given we are most the post, then I can see this costing us and just remember that GP will want to make a profit on the post. Over a 10% hit to the high profits of last year, even without import duty. |
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