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Moonpig - Growth in orders and average order values

August 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:
  • 215.5p
Moonpig has been a slow burn since I made the shares a main buy at 157p in January but made up for lost time this month, surging over 200p after full year results to end April came in with sales and pretax profit both ahead of expectations at £341m (+7%) and £58.2m (+5%). Eps were up 25% to 9.6p. Net debt is down to 1.3x from 1.7x - so all round an excellent outturn.   Orders in H1 were -5% but turned to +5% in H2 (FY sales £241.3m) and even Greetz has moved from -20% in FY23 to -5% in H2 (FY sales of £51.2m) helped by new technology features and also Greetz moving over to the same technology platform. Average order values at Moonpig and Greetz increased by 5.1% year-on-year, reflecting the full annual impact of card price increas ...

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Moonpig - Targets card attached gifting for growth (January 2024)

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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