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
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.
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.