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Moonpig

February 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Interims for the six months ended October were slightly ahead of expectations with sales and pretax profit up 6.5% and 9.7%, respectively, to £152.1m and £20.8m. The resilience reflects the loyalty of the customer base with 91% of sales from existing customers. By division, Moonpig’s revenues grew 4.9% to £108m and Greetz (Holland) fell 9.8% to £25.3m but management are rolling out new initiatives such as video and audio messages while introducing reminders (birthdays etc.) to increase purchasing frequency. The higher value Experiences business grew 4.5% to £18.8m. Two major highlights to report; the massive rise in margins, including gross margin +4.4% to 58.5%, which is down to operational efficiencies and house price ri ...

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TMI Trader Portfolio - February '24

Moonpig (May 2024)

Moonpig (November 2023)

Moonpig (August 2023)

Moonpig - Exciting recovery story on prospective PE of just 11.3 (June 2023)

Moonpig (May 2023)

Moonpig - Director buying highlights deep value (February 2023)

Moonpig (August 2022)

Moonpig (June 2022)

Moonpig (November 2021)

Moonpig (October 2021)

Moonpig Group - Online card manufacturer smashes forecasts out the park (April 2021)

Moonpig - Exciting new issue in line for FTSE-250 promotion (March 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Moonpig

February 2024

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