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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Gocompare.com - Chairman buys nearly 18m shares!

April 2019

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:
  • GOCO
  • Price:
  • 73p
Gocompare’s share price performance has, to quote Winston Churchill, been “a riddle wrapped up in a mystery inside an enigma.” The shares fell even though it announced sales, operating profit and eps ahead 2%, 22% and 20%, respectively, to £153m, £44m and 7.8p. Net debt rose £28m to £67.5m (net debt / EBITDA: 1.5x), albeit far less than the £45m spent on My Voucher Codes (£36.9m) and Energylinx (£8.7m), thanks to strong cash generation.  The performance was slightly flattered by a first time contribution from My Voucher Codes (£2.8m profit) but the core price comparison division still increased operating profit by 15% to £53.8m even though revenues fell 3. ...

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GoCo Group - Bid approach at 136p-a-share (January 2021)
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Gocompare.com - Price comparison group heavily over-sold on prospective PE of 7.8 (January 2019)
Gocompare.com (October 2018)
Gocompare.com - Acquisitions boost growth (August 2018)
Gocompare.com - Marketing margins jump 230 basis points (April 2018)
Gocompare.com - Acquisition means upgrades are likely (February 2018)
Gocompare.com - Rejects bid approach but another is likely (January 2018)
Gocompare.com - Marketing margin leaps 5% (September 2017)
Gocompare.com - Terrific demand profile for price comparison website (May 2017)
Gocompare.com - Price comparison site hoping to emulate Moneysupermarket.com’s success (April 2017)

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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