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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Moonpig

June 2022

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.

  • Epic Code:
  • MOON
  • Price:
  • 240p
The shares have endured a torrid time but Q4 trading may finally stop the rot, with Moonpig upgrading revenue forecasts for the year ended March ’22 from £270m-£285m to £300m, albeit boosted by elevated frequency of purchases due to Covid-19, which aren’t expected to recur. Peel Hunt has upgraded FY’22 EBITDA forecasts by 5% from £63m to £66m for eps of 8.7p. With Moonpig crucially able to pass on its cost inflation for the following two years, the broker expects EBITDA to grow to £73.5m and then £80.5m for eps of 11.9p and 13.3p. The broker says that while Omicron (artificially) boosted demand in Q4, trading was also good in normal conditions, with Valentine’s Day and Mother’s Day especially pleasing. Management is reassured that ...

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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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