Moneysupermarket.com Group (MONY)

Sector:

Media

Index:

FTSE 250

293.20p
   
  • Change Today:
    -6.60p
  • 52 Week High: 405.60
  • 52 Week Low: 227.20
  • Currency: UK Pounds
  • Shares Issued: 536.67m
  • Volume: 400,748
  • Market Cap: £1,573.50m
  • RiskGrade: 173

Moneysupermarket pulls guidance but commits to dividend

By Abigail Townsend

Date: Thursday 02 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Moneysupermarket Group has pulled its full-year guidance but reiterated plans to pay its final dividend, despite Covid-19 starting to impact trading.
Updating the City on the first quarter, the financial services firm - best known for its comparison website - said revenues rose 2% to ?107.3m in the three months to 31 March, led by an 8% jump in insurance sales to ?51.9m.

Other revenue streams recorded a drop in revenues, however, with money and home services off 3% and 1% respectively.

Moneysupermarket said that during the first part of the quarter, credit and banking returned to growth. "However, during March, trading dynamics deteriorated," it said. TravelSupermarket also saw trading weaken "significantly" from mid-February because of Covid-19.

Looking ahead, Moneysupermarket said it is still too early to determine the full impact of "the rapidly changing satiation".

"Given the evolving nature of the pandemic and the associated uncertainty and lack of visibility, we are suspending all financial guidance for the financial year 2020."

However, it bucked recent trends and confirmed it would still pay the final 2019 dividend of 8.61p per share. Moneysupermarket said that it had a strong balance sheet and robust liquidity position, and it did not believe the payout would jeopardise its ability to invest in the business and support ongoing operations.

Mark Lewis, chief executive, said: "This situation is continuing to develop but we in turn will continue to do all we can to help our customers at this difficult time."

Roddy Davidson, analyst at Shore Capital, said: "Given Moneysupermarket's decision to withdraw financial guidance, and the significant short-term uncertainties over trading, we are temporarily withdrawing our financial forecasts and 'buy' recommendation.

"We would, however, expect the business to be a medium-term beneficiary of a more austere economic backdrop."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MONY Market Data

Currency UK Pounds
Share Price 293.20p
Change Today -6.60p
% Change -2.20 %
52 Week High 405.60
52 Week Low 227.20
Volume 400,748
Shares Issued 536.67m
Market Cap £1,573.50m
RiskGrade 173

MONY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.05% below the market average76.05% below the market average76.05% below the market average76.05% below the market average76.05% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
1.78% above the market average1.78% above the market average1.78% above the market average1.78% above the market average1.78% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income
55.02% above the market average55.02% above the market average55.02% above the market average55.02% above the market average55.02% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Growth
3.18% below the market average3.18% below the market average3.18% below the market average3.18% below the market average3.18% below the market average
10.00% above the sector average10.00% above the sector average10.00% above the sector average10.00% above the sector average10.00% above the sector average

What The Brokers Say

Strong Buy 7
Buy 1
Neutral 5
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MONY Dividends

  Latest Previous
  Final Interim
Ex-Div 02-Apr-20 01-Aug-19
Paid 14-May-20 13-Sep-19
Amount 8.61p 3.10p

Trades for 14-Jul-2020

Time Volume / Share Price
14:59 298 @ 293.20p
14:59 8 @ 293.20p
14:59 588 @ 293.00p
14:59 22 @ 293.00p
14:59 857 @ 293.00p

MONY Key Personnel

Chair Robin Freestone
CEO Mark Lewis
CFO Scilla Grimble

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