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
- 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.