We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Money supermarket shares offer

Options
Just had an email from moneysupermarket.com offering me the chance to apply for their shares as they have announced an intention to float on the stock exchange.
Is this ligit? and is it a good idea to buy shares in a company just starting out on the exchange?

Comments

  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    I heard that they would float shortly, making the owners a LOT of money. There was some issue about one of the original owners beeing bought-out.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • amcluesent
    amcluesent Posts: 9,425 Forumite
    > Is this ligit?<

    Yes. They are going to float

    > is it a good idea to buy shares in a company just starting out on the exchange?<

    It is for the founder! He's getting £100m in cash and £500m in shares!
  • flossy_splodge
    flossy_splodge Posts: 2,544 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    All you have to do is fill in the registration process and OMIT the bank details and you can wait and see!
  • Moorepart
    Moorepart Posts: 181 Forumite
    amcluesent wrote: »
    > Is this ligit?<

    Yes. They are going to float

    > is it a good idea to buy shares in a company just starting out on the exchange?<

    It is for the founder! He's getting £100m in cash and £500m in shares!

    Sounds like 'Take the money and run, they know that the market for borrowing is going to decline in the near near future, credit squeeze on the way and takings will be down by quite a lot, quite soon. This of course is part of the 'New Face' of capitalism, whereby the big boys make millions by the 100 and use their crafty mates in the city to convince the ordinary punters to take the risk, (and the pension funds who also know whats going on but their attitude is ' who gives a sh*t) :mad: good luck to them.
  • shown73
    shown73 Posts: 1,268 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Did I not hear that their profits were down for the second year running, and that this is the second attempt at a flotation?? I could be wrong, just half remember seeing an article somewhere. In any case, common sense dictates a thorough investigation before investing in anything.....
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.