Updates

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.

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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TClarke

Central Asia Metals

Moonpig (February 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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