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Moneysupermarket.com (MONY)     

jeffmack - 08 Jul 2008 16:08

Had these on my watch list when they were tipped in a newspaper a couple of months ago at about 1.20.

Todays fall looks a bit overdone so I have bought a few at 57p

Chart.aspx?Provider=EODIntra&Code=MONY&S

poo bear - 08 Jul 2008 18:09 - 2 of 106

What?

poo bear - 08 Jul 2008 18:13 - 3 of 106

"Moneysupermarket.com Group PLC - Trading update

In its trading update relating to the six month period to 30th June 2008, Moneysupermarket.com Group PLC ('Group' or 'moneysupermarket.com') confirmed that its financial results for the first six months of the year were likely to be in line with the Board's expectations. The Board today confirms this.

The Group previously highlighted in its statement that trading in the loans market was extremely challenging. First Plus, the market's largest provider of secured loans, has today indicated that it intends to cease accepting new business with effect from 9th August 2008.

The Group will take steps to mitigate the impact of First Plus' decision by sourcing additional capacity elsewhere, by reviewing costs and by reviewing loans advertising spend. However the direct impact on 2008 revenues is expected to be approximately 7m and, depending on mitigating actions, a reduction of up to 5m in EBITDA.




Simon Nixon, chief executive of moneysupermarket.com commented: 'In our pre-close update we warned that trading in the loans and mortgages sector was 'extremely challenging'. This is evidenced today by the withdrawal of Barclays' main secured loan brand, First Plus, from the market. Over the coming days we will work to mitigate the impact of this on our business. Trading across the rest of our business remains in line with our expectations.'

If they say in line with expectations and the market is extremely challenging, surely that's not good?

You must have your reasons I suppose.

Good luck.

poo bear - 09 Jul 2008 07:01 - 4 of 106

Moneysupermarket crashed 28p to 59p after giving warning that Barclays Loan Plus, a key supplier, had stopped providing secured loans.

http://business.timesonline.co.uk/tol/business/markets/article4297288.ece

hlyeo98 - 09 Jul 2008 08:19 - 5 of 106

This is disastrous...48p now.

jeffmack - 09 Jul 2008 09:40 - 6 of 106

48p, not on my monitor. I sold this morning at a tad over 66p so happy with that.

poo bear - 09 Jul 2008 14:38 - 7 of 106

Great stuff, let that be a lesson in how to.............

Well done Jeff, I really thought you had lost it and mine as well.

I still think you are bonkers but at least you are not mad!

Very cool!

HARRYCAT - 09 Sep 2009 11:15 - 8 of 106

Ex-divi date 16th sept '09. (1.3p)

HARRYCAT - 16 Nov 2009 10:36 - 9 of 106

Business Financial Newswire
"Price comparison site Moneysupermarket.com said Q3 has been the strongest trading quarter this year as trading levels have continued to stabilise.

In its interim management statement for the period from 1 July, the group said its performance in the third quarter and year to date is in line with management expectations.

Trading in the first few weeks of Q4, typically the group's weakest period, has been 'at least consistent with the trends seen in Q3'. The outcome for the year as a whole remains in line with its expectations.

Internet revenues were about 15% below Q3 2008 and 15% ahead of the H1 run rate. The group said the third quarter is typically a period of higher offline media spend. As indicated at the interims, EBITDA was approximately 5% ahead of the H1 run rate, but with margins slightly ahead of the same quarter last year. "

HARRYCAT - 21 Jan 2010 13:55 - 10 of 106

Business Financial Newswire
"Moneysupermarket.com expects adjusted EBITDA of around 36m for 2009.

The comparison website operator confirms that its full-year performance was in line with expectations at its November 16 IMS.

Moneysupermarket says its financial position is strong with no debt and cash balances of 54m at 31st December.

Final results will be announced on 24th February."

HARRYCAT - 03 Mar 2010 08:56 - 11 of 106

Business Financial Newswire
"Personal finance website Moneysupermarket.com saw its revenue fall 23% in 2009 to 136.9m from 178.8m, which it said was due to the impact of the credit crunch.

Adjusted EBITDA for the year to December 31 was down 26% at 36.0m from 48.4m.

Gross margin increased to 68.9% from 65.3%. The group cut its administrative and distribution cost base by 13% to 62.2m.

It declared a further special dividend of 25m, or 4.91p per share, which it said underlined the board's confidence in the ability of the business to continue to generate cash.

Final dividend was held at 2.2p per share, making a full-year dividend of 13.34p, against the 2008 payout of 3.5p.

Visitor numbers to the group's website were flat at 120m. Excluding travelsupermarket.com, visitors increased by 9%"

Went ex-divi today, 3rd March '10

HARRYCAT - 08 Mar 2010 13:18 - 12 of 106

Notice of Annual General Meeting

"We are pleased to be writing to you with the details of our third Annual General Meeting ('AGM') which will be held at 10.30am on Wednesday 31 March 2010 at De Vere Carden Park Hotel, near Chester, Cheshire, CH3 9DQ."

HARRYCAT - 15 Apr 2010 08:26 - 13 of 106

Business Financial Newswire
Comparison website Moneysupermarket.com said its first-quarter internet revenues were up 6% on the same period last year and 9% ahead excluding Travelsupermarket.

This was despite a slow January across the business with trading below 2009 levels.

Visitor numbers for the group were 4% lower (4% higher excluding Travelsupermarket) than the first quarter of 2009, the group said in its interim management statement.

CEO Peter Plumb said, 'Moneysupermarket has had a solid first quarter, returning to revenue growth, and we are now beginning to see the impact of the work we commenced in the second half of 2009 when we invested in both our product offering and our marketing.

'Customers are now enjoying a much better service and we are achieving even greater break-through in a crowded media space. We will continue with this balanced investment approach in the first half, to maintain growth through the rest of the year.'

HARRYCAT - 22 Jun 2010 08:36 - 14 of 106

StockMarketWire.com
"Moneysupermarket cut to hold from buy at Altium, target price stays 72p"

HARRYCAT - 09 Jul 2010 08:25 - 15 of 106

StockMarketWire.com
"Moneysupermarket.com Group plc, the leading price comparison site expects their results for the six months to 30 June 2010 to be in line with expectations.

Revenues for the period are expected to be in the region of £71.5m, a 5% increase on the same period last year.

UK internet revenues grew by about 6% year on year.

Excluding travel, UK internet revenues grew by fractionally more than 10% with the Money and Insurance and Home service verticals all growing at approximately 10%, maintaining the momentum from the first quarter.

The Travel vertical has continued to be managed for margin in what the Company says is a difficult market and revenues were down by around 20% on the same period last year.

Media spend was £2.5m ahead of last year.

EBITDA is expected to come in at £18m for the first half of 2010, against £18.6m reported for the first half of 2009 reflecting the higher level of investments.

At the end of June the Group has cash balances of approximately £28.5m. "

HARRYCAT - 09 Aug 2010 14:40 - 16 of 106

Goes ex-divi 18th Aug '10, 1.3p.

HARRYCAT - 10 Sep 2010 11:27 - 17 of 106

Looks like the Nigel Mansell factor is having the desired effect!

HARRYCAT - 17 Sep 2010 14:39 - 18 of 106

Possible bid rumour (maybe Google). 140p being suggested.

HARRYCAT - 16 Nov 2010 08:51 - 19 of 106

StockMarketWire.com
Moneysupermarket.com said its financial performance in the third quarter and year to date were in line with management expectations.

In its IMS for the period from July 1, the group said Internet revenues were 11% ahead of the same period last year as it continued to benefit from site launches in Money and Insurance earlier in the year.

EBITDA was 16% ahead for the same period.

Increased visitor numbers in Insurance and Home Services offset reductions in Money and Travel.

In Money, revenues were 19% ahead of Q3 2009 on visitor volumes 10% lower. Credit card revenues were particularly strong, driven by improving product availability from providers and the launch of a new credit card site earlier in the year.

Weaker visitor numbers partly reflected action to step away from a number of unprofitable portal partner relationships together with continued low levels of consumer confidence, particularly impacting the group's credit-related channels.

Insurance revenues were 13% ahead of Q3 2009 and visitor volumes 8% ahead. The group saw growth across all of its major lines including motor, home, travel and life insurance.

Travel revenues were 6% down on visitor volumes that fell by a similar proportion. Work had begun on an improved travel website to launch in Q1 2011.

Home Services revenues were 9% down on Q3 2009 and visitor volumes increased by 24%.

The group said trading in the first few weeks of the fourth quarter had been strong, with revenues remaining more than 10% ahead of the same period last year. The outcome for the year remained in line with management expectations.

HARRYCAT - 12 Jan 2011 08:52 - 20 of 106

StockMarketWire.com
Moneysupermarket.com Group plc said it expects full-year EBITDA to be at the upper end of market expectations after trading continued strongly in the fourth quarter.

In a post-close trading update, the group said its 2010 revenue was expected to be in the region of 149m.

Adjusted EBITDA was expected to be around 41m, after excluding 0.7m of costs relating to the acquisition of Financial Services Net Limited.

The group said trading improved throughout the second half across its businesses, with UK internet revenues 13% ahead of the prior second half and EBITDA up 32%.

At December 31 it had cash balances of 36.5m and was debt free.

Final results will be announced on 1st March '11.

HARRYCAT - 12 Jan 2011 14:35 - 21 of 106

Moneysupermarket.com raised to hold at Numis, target price stays 86p.
Upped to buy from hold at Canaccord.
Raised to buy from hold at Altium, TP 90p up from 82p.
Upped to buy from hold at Brewin Dolphin.

HARRYCAT - 01 Mar 2011 08:01 - 22 of 106

Moneysupermarket.com Group PLC preliminary results
for the year ended 31 December 2010

Financial highlights
Strong financial results in a challenging consumer environment, driven by focused investment in product and brand.

Improving trends through 2010 with all verticals delivering stronger second half revenue performance

o Insurance: H1 growth 10%, H2 growth 13%

o Money: H1 growth 11%, H2 growth 20%

o Travel: H1 growth -21%, H2 growth -5%

o Home Services: H1 growth 10%, H2 growth 14%

Total revenue of 148.9m (2009: 136.9m).

Adjusted EBITDA of 41.0m (2009: 36.0m), with profitability improving throughout the year.

Gross margin increased to 71.3% (2009: 68.9%).

Cash balance of 36.6m (2009: 53.8m) at the year end. The Group remains highly cash generative, converting 107% of EBITDA to cash. The Group is debt free.

Final dividend increased to 2.53p per share (2009: 2.2p per share). Full year dividend of 3.83p per share (2009: 3.5p). Commitment to adopting a progressive dividend policy.

HARRYCAT - 13 May 2011 11:39 - 23 of 106

Nice push upwards recently.

StockMarketWire.com
Comparative website operator Moneysupermarket.com Group plc said in an IMS that it has been trading well ahead of a relatively weak period at the start of last year, in line with expectations.

Internet revenues for the first quarter were 22% ahead, excluding contributions from Financial Services Net, with visitor numbers up 13%.

EBITDA was well ahead of the same period last year and around 25% up on the H1 2010 run rate.

CEO Peter Plumb said in a statement ahead of the group's AGM, 'Moneysupermarket.com has made a strong start to 2011, building on the momentum from a great performance last year when we saved our customers 750m.

'We continue to lead our highly competitive market with our unparalleled breadth of product, our unique brand and our strong relationships with providers.'

The group remained confident that its programme of continued investment in technology and brand would ensure further good progress this year.

Revenues in the Money vertical were 28% ahead of last year. Visitor volumes were fractionally ahead, reversing the declines seen in 2010.

Insurance revenues were 24% ahead, growing fastest in home insurance and with strong growth in both motor and travel insurance. Visitor volumes were 20% higher.

Home Services revenues were 23% ahead, primarily due to an increase in utilities revenues.

The board remained confident of the group's prospects for the full year.

HARRYCAT - 08 Jul 2011 08:18 - 24 of 106

StockMarketWire.com
Moneysupermarket.com Group PLC the price comparison site, reveals that trading in the second quarter has been strong and consistent with the trends seen in the first quarter.

The Board expects adjusted half year revenues to be in the region of 88.3m and adjusted EBITDA to be approximately 22.8m, which are approximately 23% and 26% ahead of the same period last year respectively.(1)

Consistent with its strategy of driving higher-margin, direct-to-site revenues, the Group has continued to increase its investment in offline marketing, including the sponsorship of Britain's Got Talent in the second quarter to consolidate its position as a mainstream brand.

Consequently, and as expected, offline marketing expenditure in the first half of the year was approximately 50% ahead of the same period last year. The Group will continue to invest in its brand in the second half and launched a new campaign in the first week of July.

Offline marketing expenditure is therefore expected to continue to be ahead of the comparator period in the second half of the year. However, consistent with previous years, the absolute quantum of spend is likely to be lower than first half of the year reflecting lower expenditure levels in the fourth quarter.

The Group will recognise a one off credit of approximately 3.3m in the first half of the year, following reaching agreement in principle with HMRC relating to the VAT treatment of certain of the Group's supplies. The Group anticipates that there will be an ongoing benefit of approximately 0.5m per annum.

The Group's financial position remains strong. As at 30 June 2011 the Group had cash balances of 32.1m after the payment of a dividend of 12.9m in May 2011 and was debt free.

HARRYCAT - 02 Aug 2011 07:41 - 25 of 106

StockMarketWire.com
MoneySupermarket.com Group PLC the price comparison website, has announced its interim results for the 6 months to 30 June 2011 showing total adjusted revenue of 88.7m (2010: 71.6m)

UK internet revenues were 24% ahead of the same period last year and adjusted EBITDA was up 27% at 23.0m (2010: 18.1m); adjusted gross margin stable at 71.4% (2010: 71.4%).

The company reported cash balances of 32.2m (2010: 28.3m) at the period end. The Group remains highly cash generative, converting 82% of adjusted EBITDA to cash

The Interim dividend increased by 15% to 1.5p per share with a special dividend of 20m, or 3.93p per share announced.

According to the company the growth this year has been driven by continued structural growth in online markets and targeted investment in technology and brand building improving conversion.

Peter Plumb, MoneySupermarket.com Chief Executive Officer, said:

"MoneySupermarket.com has had a great six months. We have seen strong trading momentum through the period and delivered double digit growth in both revenue and profits, driven by our investment in our brand and technology."

HARRYCAT - 02 Aug 2011 13:48 - 26 of 106

Ex-divi 17th Aug '11

HARRYCAT - 09 Nov 2011 09:59 - 27 of 106

StockMarketWire.com
Moneysupermarket's financial performance in the third quarter show internet revenues and EBITDA for the third quarter 14% and 25% ahead, respectively, of the same period last year.

Visitors to the Moneysupermarket.com website were 3% ahead of the same period last year with visitors increasing across the Money, Insurance and Home Services verticals while Travel reduced marginally.

Revenues in the Money vertical were 8% ahead of Q3 2010 on visitor volumes that were 12% higher. Within this, trading was strongest earlier in the quarter, with September's year-on-year performance impacted by a strong September 2010.

Revenues from credit products (credit cards, loans, mortgages and debt solutions) were 8% ahead of the same period last year. Weakness in credit card revenues from lower visitor volumes were more than offset by strong growth in loans, particularly unsecured loans, where improved conversion and product availability significantly helped raise revenue per visitor.

Revenues from non-credit products, which include savings, current accounts and advertising revenues, improved by 8% driven by growth in savings and current accounts.

Insurance revenues were 15% ahead, and visitor volumes 3% ahead, of the same period last year.

Revenues in travel were 11% down on Q3 2010 on visitor volumes that fell by 4%. Trading continues to be challenging across the travel business with consumers managing their discretionary spending tightly.

Home Services revenues were 107% ahead of Q3 2010 and visitor volumes increased by 4%. Utility switching volumes, which account for the greatest part of Home Services revenues, were stronger than the same period last year reflecting continued cost increases in the domestic energy market.

Cash conversion continues to be strong. At 31 October 2011 the Group had net cash of 18.7m, reflecting the payment since the half year of the interim dividend of 7.7m together with the special dividend of 20m; corporation tax payments on account of 6.9m; and 1.0m relating to the acquisition of 51% of Local Daily Deals Limited.

HARRYCAT - 11 Jan 2012 08:37 - 28 of 106

StockMarketWire.com
Moneysupermarket.com expects full year revenues to be up circa 20% year on year at around £178 million (2010: £148.9m) and adjusted EBITDA to be around £49.5 million, an increase of approximately 21% (2010: £41m).

The Group continued to trade well in the fourth quarter, with revenues up 19% year on year, supported by higher levels of marketing spend.

Revenues and EBITDA therefore each increased by around 16% in the second half compared to the same period in the prior year.

The Group financial position remains strong. As at 31 December 2011 the Group had cash balances of £34.9 million and was debt free.

goldfinger - 09 Feb 2012 09:38 - 29 of 106

Gone SHORT on Technical grounds. Looks
range bound and is heading towards base of
range. Target 90p.

mony%202.JPG

HARRYCAT - 18 Apr 2012 08:24 - 30 of 106

StockMarketWire.com
Moneysupermarket's financial performance in the first quarter was in line with the Board's expectations.

Internet revenues and EBITDA for Q1 were respectively 14% and 12% ahead of the same period last year.

Visitors to the Moneysupermarket.com website were 15% ahead with visitors increasing across the Money, Insurance and Home Services verticals while Travel visitors were 11% lower.

The Group continued to be cash generative and as at the end of March 2012 had cash balances of £36.6m.

HARRYCAT - 01 Jun 2012 09:17 - 31 of 106

StockMarketWire.com
MoneySupermarket.com has conditionally agreed to acquire MoneySavingExpert as a going concern from founder Martin Lewis, for consideration of up to £87m.

MoneySavingExpert operates one of the UK's leading personal finance and personal finance journalism websites which was established in 2003 by personal finance journalist Martin Lewis.

According to Google Analytics, the MoneySavingExpert website attracted approximately 39 million unique visitors and approximately 277 million page impressions in the year ended 31 October 2011.

In the year ended 31 October 2011, MoneySavingExpert reported revenues of £15.773 million (2010: £11.361 million) and EBITDA of £12.642 million (2010: £8.379 million).

HARRYCAT - 22 Jun 2012 12:02 - 32 of 106

Citigroup note:
"Moneysupermarket’s (MONY) shares have drifted back over concerns around the launch of Google’s new service. Further, while the MSE acquisition is clearly complex, we estimate it should be c.16% accretive to our FY13E numbers. This combined with a 10% fall since the end of April leads us to upgrade the shares to Buy (Neutral), 145p target price unchanged.
Competitive market but immature: The launch of the Google price comparison engine (leveraging Beatthatquote) has added another player into a competitive market. That said, we continue to believe that many of the MONY’s markets remain immature which is born out by double digit growth rates in online/new switchers in Savings and Loans over the past 3 years. It is too early to establish if Google can gain traction but we believe the immaturity of the market should enable MONY to continue to grow well.
MSE transaction financially sound but strategically complex: We estimate the MSE transaction is accretive, our EPS estimates post completion should move to 7.8p, 9.5p and 10.5p (i.e.16% accretive in 2013E – first full year). Further, while we understand the opportunity to drive more content direct to site and for MSE to leverage MONY’s partner relationships the challenge will be maintaining the perception of MSE’s independence in the eyes of its other customers and 5m email subscribers.
Valuation remains attractive: Following their fall, MONY’s shares are increasingly attractively valued in our view, particularly if we include the MSE acquisition which we expect to complete in September (post OFT approval). Further, having made a good start to the year, we expect the H112 results to be robust, meaning we continue to see upside to estimates for FY12. With the shares on 14.7x 2013E EPS (12.7x on a proforma basis) and a dividend yield of 5%, we continue to see good upside and so upgrade the shares to Buy (Neutral), our DCF derived TP remains unchanged at 145p.

HARRYCAT - 27 Jun 2012 15:02 - 33 of 106

Anticipated acquisition by Moneysupermarket.com Group plc of the business of moneysavingexpert.com
The Office of Fair Trading is considering whether arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom.

HARRYCAT - 05 Jul 2012 12:21 - 34 of 106

StockMarketWire.com
Shareholders in Moneysupermarket.com Group have voted at an EGM to approve the proposed acquisition of the MoneySavingExpert business.

The vote was overwhelming with 99.98% of shareholders in favour of the resolution.

HARRYCAT - 11 Jul 2012 08:04 - 35 of 106

StockMarketWire.com
Moneysupermarket.com, the UK's leading price comparison site, had half year revenues of around £102m in the first six months of the year, which is 15% ahead of the same period last year.

Group trading in the second quarter remained good and this period included the sponsorship of Britain's Got Talent.

The Board anticipates results to be in line with expectations with adjusted EBITDA at approximately £28.5m, 24% better than in the first six months of 2011.

The company says that its financial position remains strong with cash balances at 30 June 2012 of £36.7m.

HARRYCAT - 26 Jul 2012 08:53 - 36 of 106

MoneySupermarket.com Group PLC announces its interim results for the 6 months to 30 June 2012.

Financial highlights
· Adjusted revenue increased by 15% to £102.2m (2011: £88.8m).

· Adjusted EBITDA increased by 25% to £28.7m (2011: £23.0m).

· Adjusted gross margin improved to 71.7% (2011: 71.4%).

· Cash balances of £36.7m (2011:£32.2m) at 30 June. The Group continues to be highly cash generative, and converted 106% of EBITDA to cash.

· Interim dividend increased by 20% to 1.8p per share.

Operational highlights
· Market-leading position and share maintained in competitive marketplace.

· Continued structural growth in our online markets and targeted investment in technology and brand building helping to improve conversion rates.

· Marketing investment +8% with adjusted revenues +15%:

o New TV campaign introduced £1,000 household savings message.

· Digital investment is already benefiting the business:

o Internal team of over 50 people continues to improve SEO (unpaid 'natural' search). SEO revenue +29%.

· Proposed acquisition of MoneySavingExpert.com (MSE) for up to £87m approved by shareholders subject to OFT approval:

o Trusted MSE website, Forum and Newsletter (received by 5m users) performing well post announcement of acquisition.

Outlook
Trading in July has been in line with expectations with revenues approximately 10% ahead of the same period last year. The Board remains confident in the prospects for the full year.

HARRYCAT - 19 Sep 2012 12:58 - 37 of 106

MoneySupermarket.com Group PLC - Proposed Acquisition of MoneySavingExpert
19 September 2012

Moneysupermarket.com Group PLC (the "Company") confirms the satisfactory completion of the UK merger control process in respect of its proposed acquisition of MoneySavingExpert ("Acquisition").

The two principal conditions for completion of the Acquisition have now been met. The Company expects the Acquisition to complete on 21 September 2012."

HARRYCAT - 31 Dec 2012 08:50 - 38 of 106

StockMarketWire.com
Moneysupermarket.com confirms that with effect from 31 December 2012 David Osborne has ceased to be a director of the Company.

HARRYCAT - 11 Jan 2013 09:27 - 39 of 106

StockMarketWire.com
Moneysupermarket said it expects its full-year adjusted revenues to rise 15% to £204.5 million, with adjusted EBITDA up about 26% to £66 million, after a satisfactory fourth quarter.

The results included contributions from MoneySavingExpert.com, which was acquired in September last year. It contributed about £1.8 million to revenues and £2.8 million to adjusted EBITDA.

Of the fourth quarter, Moneysupermarket said revenues were about 18% of the same period in 2011, and excluding MoneySavingExpert.com they were up about 14%.

"Revenue in savings was impacted by lower competition among banks for retail deposits, many of which sought low cost funding from the Bank of England's 'Funding for Lending' scheme rather than from retail deposits," the company said.

"Group EBITDA was more than 30% ahead of the same period last year. Excluding MoneySavingExpert.com, Group adjusted EBITDA rose slightly ahead of revenues," it said.

Moneysupermarket will include about £10.6 million from HMRC in its 2012 accounts. The money was related to HMRC's BAT recovery method.

It has also written down its investment in Financial Services Net Limited, but trading had been impacted by the lower importance of such direct match names in natural search algorithms.

"Consequently the Group will recognise an impairment charge in the region of £4.2m in its financial statements which has not been included in calculating adjusted EBITDA above."

HARRYCAT - 11 Feb 2013 16:12 - 40 of 106

Almost back to a five year high!

Chart.aspx?Provider=EODIntra&Code=MONY&S

HARRYCAT - 05 Mar 2013 07:42 - 41 of 106

Moneysupermarket.com Group PLC preliminary results for the year ended 31 December 2012

Financial highlights
· Adjusted revenue increased by 15% to £204.8m (2011: £178.5m);

· Adjusted EBITDA increased by 26% to £66.5m (2011: £52.5m);

o Adjusted EBITDA margins increased by 3% to 32%;

· Adjusted gross margin increased to 74.1% (2011: 71.9%);

· Excellent cash conversion - 97% of EBITDA converted to cash;

· Cash balance of £18.7m (2011: £35.0m) at the year-end reflecting the acquisition of MoneySavingExpert.com; the Group is debt free;

· Dividend increased by 27% to 5.74p;
o Final dividend increased 30% to 3.94p per share (2011: 3.03p);

· £10.6m (2011: £nil) net credit in statutory profit following agreement of new VAT recovery method with HMRC;
o Credits of £4.5m and £1.9m recognised for 2012 and 2011 respectively, in lower irrecoverable VAT charge.

Operational highlights
· Market leading position and share maintained in competitive market place;

· Continued structural growth in our online markets and targeted investment in technology and brand building helping to improve conversion rates;

· Marketing investment (offline and online) up 4% with adjusted revenue up 15%;
o Digital investments made benefitting the business.
o New TV campaign launched introducing £1,000 household savings message.

· Acquisition of MoneySavingExpert.com (MSE) for up to £92.5m completed on 21 September 2012;
o Initial payment of £65.5m; deferred consideration up to £27.0m;
o Strong trading since acquisition.

Outlook
Group trading including MoneySavingExpert.com has been solid in the first two months of the year. Revenue was up 11% and EBITDA up more than 30% against the same period last year.

Within MoneySupermarket most areas of the business continue to make good progress, with the exception of our Savings channel which continues to be significantly impacted by the Government's Funding For Lending scheme. MoneySupermarket's EBITDA to date is ahead of last year and in line with management's expectations, with margins continuing to be healthy, albeit reflecting a number of investments we are making in the business. MSE trading has broadly reflected that seen within MoneySupermarket.

Despite the slowdown in Savings, the buoyancy of the Group's other revenue streams mean that our expectations for the Group for the year remain unchanged.

HARRYCAT - 17 Apr 2013 08:19 - 42 of 106

StockMarketWire.com
Moneysupermarket.com's first-quarter performance was in line, it said, with revenues and EBITDA up, respectively, 13% and 31%.

The company said trading in the first weeks of the second quarter was in line with the trends seen in the first three months, and that it was confident in its outlook.

"The board's expectations for the year remain unchanged," it said.

Group administrative costs were in line with the run rate in the second half of 2012, whilst distribution costs were broadly in line with the first quarter 2012.

Excluding the contribution from MoneySavingExpert.com Group revenues and EBITDA for the first quarter were 10% and 11% ahead of the same period last year, respectively. Visitors to MoneySupermarket.com were 8% ahead of the same period last year.

Trading in the first weeks of the second quarter has been in line with the trends seen in the first quarter of the year.

The Board remains confident in the outlook and overall the Board's expectations for the year remain unchanged.

HARRYCAT - 05 Jun 2013 08:18 - 43 of 106

StockMarketWire.com
MoneySupermarket.com said group performance remains in line with the boards expectations and that group revenues are up more than 10% year to date.

Having reviewed its performance, MoneySupermarket.com has decided to pay a special interim dividend of 12.92p per ordinary share.

"The special interim dividend is being used to return funds to shareholders and reflects the Board's confidence in the ability of the business to generate cash on an on-going basis," it said

HARRYCAT - 10 Jun 2013 08:12 - 44 of 106

Moneysupermarket.com Group PLC [MONY] ex-divi 12th June '13 (12.92 p)

HARRYCAT - 11 Jul 2013 08:21 - 45 of 106

StockMarketWire.com
Moneysupermarket.com said it expects half-year revenues to be in the region of £112 million and adjusted EBITDA to be about £40 million, respectively up 10% and 29% on the prior same period.

"Group trading in the second quarter was slower than the first quarter," the company said.

This was mostly because of a lower rate of growth in the Insurance vertical, arising substantially following changes made by Google to its natural search algorithms, reducing our visitors and revenues from natural search in the month of June in the highly competitive insurance search area.

As has happened in the past, now the algorithm changes have settled down we are working on regaining our positions in natural search in insurance.

The Group's financial position remains strong. As at 30 June 2013 the Group had cash balances of £26m. The Group will make a special dividend payment of £70m to shareholders on 26 July, as previously announced.

HARRYCAT - 11 Jul 2013 17:51 - 46 of 106

StockMarketWire.com
Westhouse Securities has downgraded its recommendation on Moneysupermarket.com (LON:MONY) to "neutral" from "add", post the company's pre-close trading update, seeing the recent share price outperformance as providing investors with an opportunity to take profits. The City broker has left its price target unchanged at 210 pence per share. The broker said: We are pleased to note that MONY's performance for the half year is in line with expectations, believe it will successfully adapt to meet recent Google algorithm changes and expect an update on this front at the interim stage. We are not changing our full-year forecasts ahead of the interims, but see scope for profit taking following recent share price strength (+11% since we moved to Add on 21 June). We are not changing our 210p target price, but we have decided to moderate our recommendation to Neutral following this rise.
Separately, Canaccord Genuity and Investec both reaffirmed "buy" recommendations on the price comparison website operator, leaving their price targets unchanged at 213 pence and 225 pence per share respectively. Meanwhile, Numis reiterated its bearish "sell" call and maintained its 150 pence per share price target. In terms of the wider view, Broker Forecasts consensus data highlights that 70 per cent of brokers rate the shares of Moneysupermarket as a "buy", 20 per cent as a "hold" or "neutral" and 10 per cent as a "sell"

HARRYCAT - 31 Jul 2013 08:05 - 47 of 106

StockMarketWire.com
Moneysupermarket's first-half pretax profit rose to £19.8 million, from £11.6 million. Revenue edged up to £112.3 million, from £102.2 million.

The company, which compares prices, is to pay an interim dividend of 2.16p a share, from 1.8p. It was also issuing a special dividend for the first half of 12.92p.

Looking ahead, Moneysupermarket said revenue in July was flat year on year against a strong July last year when the new advertising campaign was launched.

"This year's new campaign launches in August. The Board remains confident in the long term prospects for the Group underpinned by the continued structural growth opportunities in the price comparison marketplace," the company said.

CEO Peter Plumb described the half-year performance as good.

"The benefits of our increasingly diversified business are evident. We grew our Insurance, Home Services and Travel businesses which more than offset lower demand in our Money business where savings revenues continue to be impacted by the Government's 'Funding for Lending' scheme which is reducing what savers earn on their deposits," Plumb said in a statement.

HARRYCAT - 31 Jul 2013 12:04 - 48 of 106

Canaccord comment:
"While Moneysupermarket has delivered stellar H1 growth, this has been more to do with the MSE acquisition than underlying performance. The good news is that the H2 comparables in Money are much easier, while in Insurance, its website is being reconfigured so that it should move up the natural search rankings. However, challenges remain, not least a sharp YoY decline in motor and home insurance premiums in H1 (which may reduce the savings from switching). And H2 has not started well, with July revenues “flat” year on year. This has been impacted by the later launch of a new TV campaign in August 2013 (vs July in 2012), but we think this puts some pressure on forecasts. We are downgrading our FY13 EBITDA from £83.5m to £79.8m (Bloomberg consensus £81.0m). This drives PBT (norm) down from £75.9m/11.0p to £72.2m/10.4p (subject to tweaking post analysts meeting).

Adjusted for the special dividend, Moneysupermarket shares are up 45% this year, driven by January upgrades and the 12.92p special dividend. The downgrades are clearly disappointing, and on revised numbers, the shares are on a FY13 PER of 20.3x and 14.6x EV/EBITDA. We maintain our 113p TP (13.5x FY14 EV/EBITDA and 3.4% dividend yield) and move from Buy to HOLD."

skinny - 31 Jul 2013 12:23 - 49 of 106

Just seen these Harry - bounce?@180p

Chart.aspx?Provider=EODIntra&Code=MONY&S

HARRYCAT - 31 Jul 2013 12:44 - 50 of 106

Good luck with that! They are off my radar for the moment until they get their Google/algorithms sorted out. I note Canaccord have a TP of 113p but only say HOLD. I'm not sure if that is a broker note typo error , but maybe they think the divi is worth having even though the sp would drop 35%.

skinny - 31 Jul 2013 12:47 - 51 of 106

Yes it looks like it :-

Numis Sell 179.80 150.00 150.00 Reiterates

Canaccord Genuity Hold 179.80 213.00 213.00 Downgrades

Investec Buy 179.80 225.00 - Retains

N+1 Singer Buy 179.80 - 212.00 Retains

HARRYCAT - 31 Jul 2013 12:50 - 52 of 106

Ah, thanks. In that case it's now back on my radar! Hmmmm........decisions, decisions.......

skinny - 31 Jul 2013 12:56 - 53 of 106

I've had a small dabble @179.745

skinny - 02 Aug 2013 13:00 - 54 of 106

Westhouse Securities Neutral 182.35 183.00 210.00 195.00 Retains.

JRM - 13 Aug 2013 19:06 - 55 of 106

Help.........What is their problem with Google? Could you please explain?

HARRYCAT - 13 Aug 2013 20:23 - 56 of 106

Glad I stayed out. More by luck than judgement though as was distracted by other stocks!

JRM - As I understand it and to keep it very simple, in the past if you were to enter 'Insurance comparison sites' into the Google search engine, Moneysupermarket would have automatically appeared within the first few entries. This is crucial because most people generally use the first one or two options available on page one. Due to a change in the way Google searches and displays the options, Moneysupermarket slipped down the page and therefore received many fewer hits on it's website. Once MONY realised the problem they then had to modify their website, but this all took time and lost them visitors and revenue.

HARRYCAT - 19 Aug 2013 09:29 - 57 of 106

StockMarketWire.com
Analysts at Westhouse Securities have upgraded their recommendation on price comparison site operator Moneysupermarket.com to "buy" from "neutral" despite the ongoing challenges around optimising Google's natural search algorithms and the headwinds faced in Money vertical. The broker believes the recent interims highlight the company's strong market position and its clear ability to deliver on the cash front and views the recent sharp share price decline as presenting an attractive entry point. The shares have fallen by 21 per cent in the past month and are down by 26 per cent in the last three months. The City broker has cut its price target to 195 pence per share (from 210 pence) after lowering its 2013 earnings per share forecasts by 3.7 per cent to reflect the challenges in Insurance and Money.
JP Morgan Cazenove downgraded its recommendation on Moneysupermarket to "neutral" from "overweight", on 12 August, citing the recent decline in revenue growth and lack of clarity over the near-term outlook as the main reasons for its change of stance.

Shortie - 13 Sep 2013 10:21 - 58 of 106

Showing over a 10% yield currently, 25% fall from 12 month high these now have my attention.

david lucas - 21 Oct 2013 22:23 - 59 of 106

Got in these last week at 147 as it was clear that there was good support with a double bottom and a rising RSI. And they throw off lots of cash!!
Finished today at 159.70
Resistance at 180 which is my target

Stan - 22 Oct 2013 06:49 - 60 of 106

Can I assume that these are an Aim stock please?

HARRYCAT - 22 Oct 2013 07:48 - 61 of 106

FTSE 250.

skinny - 22 Oct 2013 07:51 - 62 of 106

FTSE 250.

HARRYCAT - 22 Oct 2013 08:02 - 63 of 106

Chart.aspx?Provider=EODIntra&Code=MONY&S

Good yield from this company, but sp seems to have hit the buffers atm.

Stan - 22 Oct 2013 08:05 - 64 of 106

Thanks both.

david lucas - 22 Oct 2013 08:32 - 65 of 106

Morning Stan
They are a FTSE250 company with:
Year high: 222.00p Market cap: £862.34 million
Year low: 134.00p Shares in issue: 542.01 million
Dividend yield: 3.61%

HARRYCAT - 06 Nov 2013 08:00 - 66 of 106

StockMarketWire.com
Moneysupermarket.com said Q3 trading was in line with its board's expectations, with group revenues and ebitda up 5% and 26% respectively.

It had made a "very strong start" to Q4 with revenues more than 25% ahead, year on year, driven by energy switching since mid-October.

The company said full-year ebitda was now expected to be mid single-digit percentage ahead of current analyst consensus. On Nov. 5, Bloomberg reported consensus analyst forecast for adjusted ebitda was £78.4m for the year to Dec. 31.

Separately, Moneysupermarket.com said Matthew Price was succeeding Paul Doughty as chief financial officer. He would be appointed an executive director in the first quarter of 2014.

skinny - 06 Nov 2013 10:50 - 67 of 106

Canaccord Genuity Buy 181.30 155.00 213.00 205.00 Upgrades

Investec Buy 181.55 155.00 210.00 210.00 Retains

HARRYCAT - 06 Nov 2013 12:17 - 68 of 106

StockMarketWire.com
Analysts at Canaccord Genuity have upgraded their recommendation on price comparison site Moneysupermarket.com (LON:MONY) to "buy" from "hold" after the company published a better-than-expected set of third-quarter numbers, today. The broker said: "Momentum has picked up going into Q4 [fourth quarter], with revenues up by more than 25% (despite having tougher comparables, given the FY13 Q3 acquisition of MoneySavingExpert). The key drivers have been strong growth in Home Services, as a result of Energy switching."
Meanwhile, Numis stated that it would be the natural thing for it to upgrade to "hold" but, instead, has placed its "sell" rating under review until it has had more time to digest today's numbers and see how things pan out in the markets.

HARRYCAT - 17 Dec 2013 15:03 - 69 of 106

StockMarketWire.com
Moneysupermarket.com has welcomed the Competition Commission's provisional findings on motor insurance and its aim to prohibit the use of 'wide' most favoured nation clauses in contracts.

MoneySupermarket says it has worked very closely with the Competition Commission and welcomes its proposals to prohibit these clauses in contracts between price comparison websites and motor insurers which prevent an insurer offering a lower premium through another price comparison website.

MoneySupermarket says it does not have these 'wide' most favoured nation clauses in its contracts with motor insurers and believes that such clauses stifle innovation, reduce competition and can result in higher motor insurance premiums for consumers.

Chief executive Peter Plumb said: ""Our overriding strategy is to get drivers cheaper prices for the same cover at MoneySupermarket, than on any other price comparison website. As the only major independent price comparison website in the UK we've been working with insurers to deliver this to our customers.

"However some price comparison website competitors have tried to stop us by using clauses that force price parity across all price comparison websites and therefore prevent an insurer offering a lower premium through us.

"We are delighted that the Competition Commission is proposing to stop this practice by some of our competitors. This is good news as it will allow us to offer better prices for the same cover to even more customers.

"Our overriding strategy is to get drivers cheaper prices for the same cover at MoneySupermarket, than on any other price comparison website. As the only major independent price comparison website in the UK we've been working with insurers to deliver this to our customers. However some price comparison website competitors have tried to stop us by using clauses that force price parity across all price comparison websites and therefore prevent an insurer offering a lower premium through us.

"We are delighted that the Competition Commission is proposing to stop this practice by some of our competitors. This is good news as it will allow us to offer better prices for the same cover to even more customers."

HARRYCAT - 18 Dec 2013 11:43 - 70 of 106

Westhouse Securities has maintained its 'add' rating and 209p target price for price-comparison website Moneysupermarket.com (MONY) after the Competition Commission's (CC's) report into the private motor insurance market. The CC said it is considering prohibiting 'most favoured nation' (MFN) clauses which make sure that individual insurers' premiums are not offered more cheaply elsewhere, something which it says reduces competition.

HARRYCAT - 08 Jan 2014 10:24 - 71 of 106

StockMarketWire.com
JP Morgan Cazenove lifts Moneysupermarket.com to overweight from neutral, target 211p from 192p.

HARRYCAT - 14 Jan 2014 08:00 - 72 of 106

StockMarketWire.com
Moneysupermarket.com expects full-year revenues to increase around 10% to £225.5m and adjusted EBITDA to be around £84m, an increase of about 26%.

Trading in the fourth quarter was in line with expectations with group revenues about 16% ahead of the same period last year.

Excluding MoneySavingExpert.com, the copany's revenues also gained about 16% with revenues from Home Services and Travel well ahead of the same period last year.

Revenues from energy switching were particularly strong and were nearly 200% ahead boosted by the energy price rise announcements early in the fourth quarter.

Money and Insurance continued to trade in line with Q3 trends. Overall, Group adjusted EBITDA was about 22% ahead of the fourth quarter 2012. Excluding MoneySavingExpert.com, Group adjusted EBITDA rose slightly ahead of revenues.

HARRYCAT - 04 Mar 2014 08:04 - 73 of 106

StockMarketWire.com
Moneysupermarket.com's FY pretax profit hit £43.1m, from £31.5m a year ago. Revenue was £225.6m, from £204.8m.

Its final dividend was 5.12p a share, from 3.94p. Its ordinary dividend for the year was 7.28p a share, from 5.74p. There was a special dividend of 12.92p a share.

The company said trading in the first two months of the year has been satisfactory. Revenues were mid single digit ahead of the same period last year.

"Trading within the Group has been largely consistent with the trends seen in the fourth quarter of 2013 with strong growth in TravelSupermarket.com and MoneySavingExpert.com, offset by Home Services, where growth rates have slowed," the company said.

Further investment in the company's core sites and marketing, and a positive outlook on natural search with Google, gave the board confidence in the outlook for the full year. CEO Peter Plumb said investment in the business last year paid off nicely with higher revenues, profits up 26%, and a dividend that was tripled as we returned over £100m to shareholders.

"We'll build on our innovation in 2013 by doubling our capital investment for 2014, and bringing market leading services in Travel and Insurance to customers' mobiles and desktops," Plumb said.

HARRYCAT - 23 Apr 2014 08:10 - 74 of 106

StockMarketWire.com
Moneysupermarket.com said group revenues in the first few weeks of the second quarter are flat with last year and trading trends largely in line with the first quarter of 2014.

"Revenues in Home Services and Travel continue to trade ahead whilst Insurance remains in line with last year. Revenues in Money are fractionally behind the same period last year driven by lower cash ISA volumes," the company said in a statement.

"The Board remains confident in the outlook and overall the Board's expectations for the year remain unchanged."

Moneysupermarket.com's Q1 financial performance was in line with the board's expectations.

Group revenues and EBITDA for Q1 were, respectively, 8% and 5% ahead of the same period last year.

Group administrative costs were in line with the same period last year whilst offline marketing costs were in the region of 20% ahead of the same period last year supporting new MoneySuperMarket and TravelSuperMarket advertising campaigns.

HARRYCAT - 11 Jul 2014 07:57 - 75 of 106

StockMarketWire.com
Moneysupermarket.com Group said half-year revenues are expected to be in the region of £122m, about 9% ahead of the same period last year, adjusted EBITDA is also 9% ahead, and in line with the Board's expectations.

Trading growth in the second quarter was a little stronger than the first quarter. As at 30 June 2014 the Group had net debt of £21.0m.

HARRYCAT - 12 Nov 2014 09:29 - 76 of 106

StockMarketWire.com
Moneysupermarket said its 9-month revenues rose 12% to £189.2m, while three-month revenues were up 18% to £66.8m. The Board remains confident of the company meeting its full year expectations.

Looking ahead, Moneysupermarket said through October group trading continued the positive momentum and solid margins seen in Q3.

"However, the group does not expect to repeat the exceptional 2013 fourth quarter demand for energy switching which added £7M of revenue growth."

CEO Peter Plumb commented:

"This has been another good quarter with trading growth of +18%. In parallel with saving more people more money - we've helped 3.7 million customers so far this year - the technology team has launched our pioneering new motor insurance site to a number of customers.

"We think this is easily the best way for customers to find the policy that best suits them - you can compare features, benefits and exclusions of policies as well as price. We'll be rolling out the new technology to more customers across our business channels in the months ahead."

HARRYCAT - 12 Nov 2014 13:22 - 77 of 106

StockMarketWire.com
Canaccord Genuity retains buy on Moneysupermarket.com, target raised from 215p to 236p.

HARRYCAT - 09 Dec 2014 13:44 - 78 of 106

StockMarketWire.com
Westhouse Securities has moderated its recommendation on price comparison site Moneysupermarket.com Group (LON:MONY) and moved to a 'neutral' investment rating (from 'add'), stating that the shares look likely to pause for breath following the recent strong run.

The broker pointed out that the shares have outpaced the market by 18 per cent over the past three months and by around 13 percent since last month's interim management statement.

Nevertheless, analyst Roddy Davidson added: "We remain positive on MONY's long-term fundamentals.
We also view it as a stand out asset for anyone looking to enter / consolidate the price comparison space (a possibility that may be more likely following the reduction in its founder's stake to 16.5%) and we would expect its substantially superior scale, profitability, dominant market share and the expected benefits of its current investment programme to deliver a substantial valuation premium to the historic EV/EBITDA multiple of 7.5x paid by Esure for 50% of Gocompare (deal announced yesterday)"

HARRYCAT - 16 Jan 2015 07:55 - 79 of 106

StockMarketWire.com
Moneysupermarket.com Group expects FY revenues to grow by about 10% to £248m, and adjusted EBITDA to grow by 13% to roughly £95m. Its financial position remains strong and at Dec. 31, 2014, the group had net cash of £10.5 million.

The results for the year will be announced on 3 March 2015.

"Q4 revenues from insurance continued to grow as did revenues in Money from credit cards and loans. Motor insurance rates are flattening and this is increasing demand from motorists looking to compare prices and features," the company said.

"Banks and loan providers are competing hard to attract customers for credit cards," it said.

"As expected Home Services and MoneySavingExpert.com revenues were down compared to the fourth quarter of 2013 when very high demand for energy switching gave an uplift of £7 million following energy price rises."

CEO Peter Plumb said:
"This has been a good final quarter to another strong year. More people are seeing how easy it is to compare products and prices online, for free, and save money.

"I'm particularly pleased to see our core Insurance and Money channels in healthy growth as a result of the savings we offer and the help we give customers to choose the best products for them. MoneySavingExpert and TravelSuperMarket are thriving."

HARRYCAT - 03 Mar 2015 08:06 - 80 of 106

StockMarketWire.com
Moneysupermarket.com has booked a FY pretax profit up 52% to £52.8m, from £34.7m. Revenue was £248.1m, from £225.6m. Its total dividend was 8p a share, from 7.28p, including a final dividend of 5.69p.

CEO Peter Plumb said:
"Our three well-trusted brands helped more than 40 million users make the most of their money in 2014. We invested over £16 million in our websites and systems and will do the same in 2015 to ensure we lead the market as the easiest and best way for families to save money on their household bills.

"Following 10% revenue growth in 2014, the group has started the year well and is on track to save more families more money than ever before."

Looking ahead, Plumb said the group has "traded strongly in the first two months of 2015, however the comparatives will become tougher from the second quarter. The Board anticipates delivering its expectations for the year."

Highlights:
· Insurance and Money revenues up 8% and 13% respectively

· TravelSupermarket.com revenues up 28% benefiting from ongoing investment in technology

· MoneySavingExpert.com revenues up 17% including further success of the Cheap Energy Club

· Capital investment of £16.1m in technology, part of a three-year investment programme

robinhood - 03 Mar 2015 14:31 - 81 of 106

do not understand what is happening today-stockmarket wire looked fine to me unless I am missing something

HARRYCAT - 03 Mar 2015 15:05 - 82 of 106

There was a report out today suggesting that comparison websites should pay compensation to customers when they don't get the best deal, due to certain sites only offering deals when they receive commission. Probably also some profit taking as sp now at all time high.

Chart.aspx?Provider=EODIntra&Code=MONY&S

HARRYCAT - 30 Apr 2015 09:49 - 83 of 106

StockMarketWire.com
Moneysupermarket said Q1 saw strong growth across all three brands, with over 1.5 million families saving money on their household bills through the Moneysupermarket Group.

"As expected, second quarter growth is slowing from the 25% performance of the first quarter," said CEO Peter Plumb.

"Our technology investment programme is on track to make it easier for people to save money on whichever device they choose to access our site."

Total group revenues during the quarter rose 25% to £76.6m. Key drivers in the first quarter were as follows:

- Insurance benefitted from the improvements we have made to the customer journey.

- Money saw growth driven primarily by personal loans and credit cards. Current accounts also performed well due to attractive interest rates on offer by some providers.

- Home Services benefitted from the success of the collective switch offer and sustained consumer focus on energy prices. We expect growth to moderate materially over the balance of the year.

HARRYCAT - 30 Apr 2015 11:29 - 84 of 106

Canaccord note today:
"Moneysupermarket has reported a spectacular start to the year, and while comparables will get progressively more challenging, it is driving 2% upgrades to FY15 Earnings forecasts. Total group revenues were up by an impressive 25%. Money remained a core driver, with revenues up by 28% in Q1, against the 22% delivered in H2 FY14. A more competitive lending market and rising conversion rates from its upgraded platform helped support growth. Insurance was up by 12% (H2 FY14 +13%), as insurance premiums stabilised. Travel continued to benefit from the stronger consumer spending backdrop and were up by 13%. And Home Services was up by 141%, albeit off a low base, responding significantly to energy price volatility.
Management had flagged "strong" but unquantified growth at the time of its prelims, and while FY15 has started particularly well, the quarterly growth rates accelerated heavily from Q1 FY14 (+8%) to Q3 (+18%) and we expect to see growth rates moderate as the year progresses. Nonetheless, the group's heavy investment in the website is clearly paying off in rising customer conversion rates. Management states that it "remains confident of meeting its full year expectations". The Q1 outperformance will certainly push up FY15 revenue expectations. We are upgrading our FY15F revenue forecasts from £267.1m to £276.0m, driving an Ebitda upgrade from £106.0m to £108.0m (EBITA of £95.6m) and a 2% EPS upgrade from 13.2p to 13.6p. FY16F EPS is also upgraded 2%.

The shares have had a good run, and trade on a 20.2x FY15 PER and 13.7x EV/Ebitda.
Competition could potentially intensify, with the announcement this morning that Zoopla is paying up to £190m to acquire energy focused price comparison business uSwitch, on a max valuation of 11.7x FY14 Ebitda. And the recent failed share sale by major shareholder Simon Nixon is likely to continue to provide an over-hang on share price performance. However, Moneysupermarket is in a strong position, dominating the Money vertical where we see ongoing structural growth opportunities. We raise our TP from 278p to 290p to reflect the upgrades, putting the shares on a 12.5x FY16 EV/Ebitda and 18.5x cash adjusted PER. We retain our HOLD recommendation.

Competitive activity (particularly Google), momentum in the Insurance vertical, cash returns to shareholders, Interim results on July 30th."

HARRYCAT - 04 Jun 2015 11:43 - 85 of 106

Canaccord note today:
"Moneysupermarket announced yesterday that it has been obliged to provide information for Ofgem in relation to an investigation on potential competition abuses by several companies “providing a supporting service for the energy industry”. No more detail has been given as to the nature of the potential market abuse or the other parties involved. Ofgem has previously criticised price comparison sites for a lack of transparency, and failure to display the cheapest tariffs. The Information/document gathering process will likely last for several months, before Ofgem decides whether to take the investigation further.
Moneysupermarket generates 11% of projected FY15F revenues from Home Services (primarily Energy Switching), so this would impact only a relatively small part of its business. And there will be no short-term impact on revenues; indeed Moneysupermarket is still listed as one of 12 accredited price comparison sites on the Ofgem website. But the Home Services business could clearly be materially impacted if the situation escalates. The Competition Authorities also have the ability to impose a fine of up to 10% of group revenues – i.e. £25m. The greater risk is reputational damage to Moneysupermarket, driving negative ramifications across its broader price comparison activities.
Moneysupermarket shares have performed particularly strongly, up by 34% in 2015 and up 78% in the past year. And it is now trading on a significant premium FY15 PER rating of 22.5x and 15.3x EV/Ebitda. This leaves it particularly vulnerable to perceived regulatory risk, and this investigation could drag on for several months. We leave our 290p TP and HOLD recommendation unchanged, but clearly a negative outcome from the Ofgem investigation would represent downside risk to both forecasts and valuation assumptions."

HARRYCAT - 15 Jul 2015 09:03 - 86 of 106

Moneysupermarket.com Group PLC Trading Statement
We delivered continued growth across all of our businesses with revenue increasing by 18% in the first half year. As expected, growth in the second quarter moderated. The Group will announce its interim results on 30th July 2015.

The key drivers in the second quarter were as follows:
- Insurance continued to grow and we are noting a marginal increase in car insurance premiums.

- Money delivered ongoing growth from a highly competitive credit card market, and some competition in the current account market with providers offering attractive switching incentives.

- Energy benefited from the growing adoption of energy collective switches.

- Moneysavingexpert.com continued to deliver a strong performance helped by a more mobile and responsive website.

HARRYCAT - 30 Jul 2015 08:26 - 87 of 106

StockMarketWire.com
Moneysupermarket.com has lifted its H1 pretax profit to £37.8m, from £26.4m. Revenue was £143.87m, from £122.38m. It would pay an interim dividend of 2.55p a share, form 2.31p.

CEO Peter Plumb said:
"Revenues grew 18% while we put more into tech investment to make MoneySuperMarket and TravelSupermarket the easiest way for families to make their money go further."

Outlook:
"The first three weeks of July traded in line with the second quarter," the company said in a statement.

"Taking into account the good first half trading, the tougher comparative sales in the second half, and the phasing of some marketing costs into the second half, the board sees prospects for the full year to be modestly ahead of its previous expectations."

HARRYCAT - 31 Jul 2015 08:00 - 88 of 106

Placing of shares in the Company
Moneysupermarket.com Group PLC ("Moneysupermarket.com" or "the Company") notes the sale by Martin Lewis of 9,000,000 shares, representing approximately 1.6% of the issued share capital of the Company, and the sale by the Charities Aid Foundation of 4,270,923 shares, out of the holding that it received as a donation from Martin Lewis, representing approximately 0.8% of the issued share capital of the Company.

As stated in the half year results announcement issued on 30 July 2015, Martin Lewis has agreed to a further lock-up of 180 days from the date hereof in respect of his remaining shares in the Company (subject to certain exceptions).

HARRYCAT - 30 Oct 2015 07:51 - 89 of 106

StockMarketWire.com
Moneysupermarket.com said its group revenues surged to GBP220.0m in the nine months to Sept. 30, from GBP16m a year earlier. On a three-month basis, its revenues rose to GBP76.2m, from GBP14m.

It described the performances as strong. The board is confident of meeting its expectations for the full year despite an anticipated slowdown in revenues in Q4.

"People are now seeing they can switch online and save money on far more than just car insurance. Our multi-channel offering across three brands has helped nearly five million families save over £200 on average on their bills in 2015, from energy to credit cards and broadband," said CEO Peter Plumb.

"I am pleased Martin Lewis is stepping up to be Executive Chairman of MoneySavingExpert to continue campaigning for consumers. We continue to grow our investment in the new technology platform to accelerate its roll out across both mobile and desktop."

Highlights

- The group is benefiting from its multi brand, multi-channel strategy, delivering good growth from both Money and Energy.

- As reported at the Interims, the third quarter faced strong comparatives. This and stronger competitor activity meant that insurance was flat in the quarter.

- Money saw further growth driven primarily by current accounts and credit cards. Providers have continued to offer attractive interest rates on their current accounts.

- Home Services benefitted from the success of the latest MoneySavingExpert collective switch which attracted record numbers of customers. Last year the switch took place in Q4.

HARRYCAT - 09 Dec 2015 09:24 - 90 of 106

Jefferies International today upgrades its investment rating on Moneysupermarket.com Group PLC (LON:MONY) to buy (from hold) and raised its price target to 440p (from 263p).

HARRYCAT - 01 Mar 2016 08:41 - 91 of 106

StockMarketWire.com
Moneysupermarket.com has improved its FY after-tax profit to GBP63.4m, from GBP52.8m. Revenue was GBP281.7m, from GBP248.1m. Ordinary dividend for the year was 9.15p a share, from 8p.

CEO Peter Plumb said:
"This was another good year for the Group, achieving 14% growth by saving customers over £1.6bn on their household bills.

"People are clearly getting more comfortable switching products beyond motor insurance, with the Group helping over 500,000 households switch their energy and 1,600,000 people get a better deal on their finances.

"As we roll out our new technology platform and create more expert help, tools and guides, we all look forward to helping more households save more money on more things in 2016."

OUTLOOK
"The Group traded solidly to the end of February, delivering 12% growth, although insurance revenue is down -4% and travel is deteriorating. We will continue with our growth investment programme. The Board remains confident of delivering its expectations for the year."

HARRYCAT - 02 Mar 2016 09:55 - 92 of 106

Barclays Capital today reaffirms its overweight investment rating on Moneysupermarket.com Group PLC (LON:MONY) and raised its price target to 390p (from 360p)

HARRYCAT - 06 Apr 2016 08:41 - 93 of 106

Credit Suisse today reaffirms its outperform investment rating on Moneysupermarket.com Group PLC (LON:MONY) and raised its price target to 400p (from 350p).

HARRYCAT - 20 Apr 2016 07:48 - 94 of 106

20 April 2016 - Moneysupermarket.com Group PLC Trading Update
The Group is releasing this trading update to coincide with its AGM which is being held later today. The financial and operational information in this statement relates to the period 1 January to 31 March 2016 unless otherwise stated.

The Group had a solid start to the year, with Group revenues up 9%. Performance across the business.

The key drivers in the first quarter were as follows:

- Insurance momentum improved due to the initiatives put in place, including the additional marketing previously highlighted.

- Money continued strong growth driven primarily by credit cards and current accounts.

- Home Services benefited from the success of Group collective energy switches and attractive fixed term tariffs.

- MoneySavingExpert.com continues to perform strongly with strong credit and energy growth.

- The challenges in the holiday market remain. As mentioned in March, trading in TravelSupermarket.com continues to be difficult with remedial work likely to continue through much of 2016.


Peter Plumb, CEO of Moneysupermarket Group, commented:


"In the first three months of the year a record 1.7 million families used Moneysupermarket.com Group to save money on their household bills, which allowed us to grow revenues by 9%.

Our collective energy switches are becoming ever more popular. The recent CMA report not only emphasised the importance of price comparison sites to encourage energy competition, but also looks set to make it easier for us to help even more customers.

More and more people realise there are great savings to be made by using MoneySuperMarket to switch and save."
The Board remains confident of meeting its full year expectations.

HARRYCAT - 04 Jul 2016 12:14 - 95 of 106

Barclays note today:
"We have been positive on Moneysupermarket since initiating last year (see No need to shop around, 12 Apr 2015). But the layers of uncertainty in the story have been building in the last nine months, most notably from elevated competition. The outcome of the UK referendum and a forthcoming expected recession in the UK is now a new concern, and one uncertainty too many for us. We do see areas of cyclicality in the Moneysupermarket business model, notably in Travel Supermarket, travel insurance in Insurance, and financial products in Money. At this point, it is hard to model the precise impact of the downturn on numbers – our first attempt is to put through an 8% EPS downgrade in 2017E. But we do see clear risks to consensus for next year if a recession bites. There are still positives in the story: a likely special dividend at end 2016 (leaving the shares on a 7% dividend yield, 50/50 regular/special), and benefits from the capex programme to come through. But we no longer have confidence in positive forecast momentum, and on 17.7x 12 month forward P/E post EPS downgrade, the shares are only slightly below the historical average vs the FTSE250. We feel that this does already capture the risks. But we struggle to argue for a rerating from here and therefore downgrade to Equal Weight, lowering our PT to 260p on lower forecasts and a higher discount rate to our DCF.
Our first attempt to rebase our model to a UK recession: In 2009, Moneysupermarket saw a revenue decline of 24%. That was a particularly severe recession, impacting credit availability and the mix of the group has changed since. So this time we still think top line growth can be achieved (we now have +4% in 2017) but we still cut EPS by 8% in 2017 and 7% in 2018 as we rebase our model to a recessionary environment.
Valuation looking fair: On new numbers, Moneysupermarket is on 17.7x 12 month forward P/E, c,10% above historical levels on an absolute basis and c.5% below relative to the FTSE250. Given pre existing risks around competition and now new risks around UK macro, we struggle argue for a rerating from here.
1H results preview: Our downgrade is not a call on Q2 trends – we expect decent results. We model 2% insurance growth in Q2, 20% in Money, 25% in Home Services and -25% in Travel. Key outlook points to focus on are 1) management expectations on FY16E (they were happy with £107m of EBITA at Q1), 2) expectations on marketing in 2H (we model in an extra £5m y/y of paid search in 2016E, at top of guidance), and 6) uses of cash for M&A vs dividends (we model a 10p special dividend at end 2016E)."

HARRYCAT - 14 Jul 2016 07:49 - 96 of 106

StockMarketWire.com
Moneysupermarket.com expects solid half year results with revenues anticipated to grow by 10% to £158m. It remains confident of meeting its FY expectations.

As planned, the group is making some additional marketing investment and so Adjusted Operating Profit is expected to grow by 6% to around £54m.

CEO Peter Plumb commented:
"Moneysupermarket made another strong start to the year, growing revenues by 10% and saving customers a record £890m.

"As UK families prepare for life after the Brexit vote, with potentially rising energy prices, rising insurance prices and lower interest rates, our trusted brands and services will be there to make sure household bills are as low and easy to switch as possible.

"Moneysupermarket is a pure play digital business, with a strong balance sheet and a new technology platform built to deliver personalised market leading services no matter what device people use to manage their money in the turbulent years ahead."

HARRYCAT - 01 Nov 2016 07:31 - 97 of 106

StockMarketWire.com
Moneysupermarket.com has hiked its 9-month revenue by 10% to £242.5m, while in Q3 it rose 12% to £84.9m.

"The Group is on track for a record year, insurance is back to strong growth and MoneySavingExpert's latest collective energy switch was the biggest ever; helping over 180,000 households cut their annual energy bills," said CEO Peter Plumb.

"Our technology platform is allowing innovative services to be pioneered, including MoneySavingExpert's Credit Club and MoneySuperMarket's mobile App service," he added in a statement.

"Moneysupermarket is well placed to lead the market in helping many more households save more money on their household bills in the years ahead."

Plumb continued that the business traded well in October, noting insurance growth continued to accelerate.

"Lower interest rates subdued both savings and current account switching by around £0.8 million compared to last year. The Board remains confident of meeting full year expectations."

HARRYCAT - 19 Jan 2017 08:34 - 98 of 106

StockMarketWire.com
Moneysupermarket.com said it expects to deliver strong FY results with revenues seen up 12% to £316m and adjusted operating profit rising by about 8% to £108m.

Group revenues for the three months to end-December 2016 were up 20% to £73.8m, and for the year to the same date were up 12% to £316.4m.

CEO Peter Plumb said that 20% group revenue growth in the final quarter of 2016 closed off another good year for the company.

"Our technology, data and brand investment programmes are positioning the Group to continue to lead the market and help more families save money across a growing range of products in the years ahead," he said.

Revenue for moneysupermarket.com in the FY was up, as was that for moneysavingexpert.com. However, travelsupermarket.com saw revenues fall.

HARRYCAT - 25 Jan 2017 10:15 - 99 of 106

Barclays Capital today reaffirms its equal weight investment rating on Moneysupermarket.com Group PLC (LON:MONY) and raised its price target to 345p (from 335p).

HARRYCAT - 28 Feb 2017 09:48 - 100 of 106

StockMarketWire.com
Monysupermarket.com has lifted its FY after-tax profit to £73.5m, from £63.4m, but warns group revenues in the current year are behind those in 2016.

The outfit bumped up its dividend for the period to 9.85p a share, from 9.15p. Group revenue was £316.4m, from £281.7m.

CEO Peter Plumb said Moneysupermarket.com saved nearly 7m families £1.8bn on their household bills in 2016, which helped us grow revenues by 12%.

"This adds up to another great year for the Moneysupermarket Group. We increased the dividend 8% and are announcing a £40m share buyback," he said.

"Our technology investment programme is equipping us to save more families more money on a wider range of bills in the years ahead. Using data to make comparison more personalised, more informed, quicker and easier is differentiating us from other comparison sites."

However, looking ahead, the company said insurance revenues and the core Money business (credit cards and loans) delivered strong growth in the first two months of the year.

Low interest rates continued to weaken savings and current account switching and Energy is trading lower, as we have not yet run a collective switch, said Moneysupermarket.com in a statement.

"Consequently, Group revenues are currently behind last year. The Board is confident of delivering its expectations for the year."

HARRYCAT - 27 Mar 2017 10:30 - 101 of 106

Liberum Capital today reaffirms its hold investment rating on Moneysupermarket.com Group PLC (LON:MONY) and raised its price target to 345p (from 325p).

HARRYCAT - 17 Oct 2017 09:42 - 102 of 106

StockMarketWire.com
Moneysupermarket.com said revenue grew by 6% in the third quarter and that it remained confident of meeting full-year expectations.

Revenue for the three months through September grew to £90.2m, pushing revenue for the first nine months of the year up 5% to £255.5m.

"We are on track for another record year because we are helping more people save more money across their household bills: from insurance and credit cards to holidays, broadband and energy," chief executive Mark Lewis said.

"We're particularly encouraged by the continued growth of insurance, and momentum in energy switching, as families look to find better deals."

HARRYCAT - 22 Feb 2018 12:01 - 103 of 106

StockMarketWire.com
Moneysupermarket.com increased its revenue by 4% to £329.7m in 2017, with profit after tax up 6% to £78.1m.

Insurance growth was very strong at 12%, helped by positive market conditions as well as internal initiatives such as pricing investments and additional online marketing.

Revenue in Home Services reduced by 22% to £39.6m, driven by significantly lower levels of switch activity - where customers sign up to collectively take advantage of one-off deals.

Money picked up in the second half of the year, growing at 3% overall.

TravelSupermarket.com revenue increased by 4% to £23.3m.

The company has increased its total dividend up 6% to 10.44p.

It has plans to extend price comparison and add new market growth with innovations to further personalise price comparison. To achieve this, it is investing £5m to build out its product engineering teams. Core markets are expected to grow at around 6-7% but the company forecasts growth to be slower than that in 2018, accelerating afterwards.

It has started the year at a similar growth rate to last year, meaning adjusted EBITDA for 2018 is expected to be broadly flat before growth resumes from 2019 onwards. Moneysupermarket.com expects to incur one-off transitional costs of £6-9m during 2018, relating to the reorganisation.

Mark Lewis, Moneysupermarket.com chief executive officer, said: "In 2017, customers saved more through us than ever before - £2bn. And we're not stopping there. We are committed to leading the way in price comparison to make saving with us easier, quicker and simpler. Our goal is to offer our customers ways to save that they didn't know existed and to do so in a way that is as effortless as we can make it."

HARRYCAT - 18 Apr 2018 09:49 - 104 of 106

StockMarketWire.com
Price comparison group Moneysupermarket.com said its revenue grew 4% in the first quarter, line with its expectations.

Revenue in the three months through March rose to £88.3m, up from £85.0m on-year.

'Trading is on track in this year of transformation as we reinvent the business to help people save more money,' chief executive Mark Lewis said.

'We are expanding our product engineering hub in Manchester to improve the customer journeys on our sites and plan to unlock future growth with the agreement to acquire Decision Tech - a leader in home communications price comparison and white label B2B comparison services.'

HARRYCAT - 07 Aug 2018 08:25 - 105 of 106

StockMarketWire.com
Moneysupermarket.com Group said it had completed the UK merger control process in respect of its proposed acquisition of Decision Technologies.

The final condition for completion of the deal had now been met and the company said it expected to complete the acquisition in the next two weeks.

'Following the acquisition we look forward to helping more people save more money from their home bills, by making it easier for people to find the best deals in the market across many categories, especially the growing home communications market,' the company said.

HARRYCAT - 11 Oct 2018 10:13 - 106 of 106

StockMarketWire.com
Money-saving website Moneysupermarket.com reported total revenue for the nine months to 30 September 2018 grew 6% to £270.1m, with all business areas seeing growth over the period.

In the third quarter alone, total revenue climbed 7% year on year to £96.4m. The Insurance business grew, despite a falling premium cycle, while Money saw positive momentum supported by improving conversion.

"Trading continues on track as we reinvent the business to help our customers save more money. Decision Tech is now on board with its B2B comparison expertise. Energy switching in our Home Services business was better than expected with customers taking advantage of great 18 month fixed deals to beat rising prices," said Mark Lewis, CEO of Moneysupermarket Group.

Looking forward, the Board remained confident it would meet current market expectations for the full year.
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