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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Moonpig

May 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.

  • Epic Code:
  • MOON
  • Price:
  • 164.5p
The shares briefly spiked to 180p after Moonpig’s update saw the UK card business returning to growth with volumes up and Valentine’s Day especially strong. Tech improvements are bearing fruit while Greetz is improving. The broker forecasts sales rising from £320m to £341m and then £364m in the year starting 1 May. EBITDA is forecast to rise from £84m to £91m (eps: 10.4p) this year and then £96m (11.5p) in FY’25 dropping the prospective PE to 14.3. Crucially net debt / EBITDA is on track to reduce to 1.4x and then just 0.9x and the lower risk could renew its rating expansion. A great business with terrific name recognition on a low prospective PE of 15.8, I’d be amazed if someone doesn’t come in with a bid. I am a buyer ...

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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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