Updates

Moonpig

May 2023

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.

A good end to the year for Moonpig, with its strongest-ever Mothers’ Day. Greetz’s trading followed a very similar trend and while recent acquisition Buyagift was slower after Xmas, it was in line with expectations. As a result, Moonpig has clawed back ground lost from a weak Xmas where the postal strikes dented confidence in delivery (as final posting dates were brought forward) and has maintained EBITDA guidance of £84m. Looking ahead to FY24, management expects sales to grow in high single digits (below long-term guidance to which it should return the year after), and that the nature of the growth will be H2 weighted. Peel Hunt forecasts eps of 10.1p for the year to April ‘23, rising to 11.8p and then 13.8p in FY’25. Tradi ...

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Michelmersh

TMI Trader Portfolio 2 - May 2023

Moonpig (May 2024)

Moonpig (February 2024)

Moonpig (November 2023)

Moonpig (August 2023)

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