Flotation of Moneysupermarket.com

Paul_Varjak

Does anyone have any thoughts on this flotation and the chance of short-term gains?

Bokkens

Individual shares are to be between £1.70 and £2.10 and as mentioned the growth has been good for the last several years in my view it could have similar growth over the next two years before a rival has a impact on the market.Unless Virgin take an interest!!

amcluesent

Thought the strike price was already below initial estimates for the IPO. I'm seeing another .con bust in the making.

[Deleted User]

Wouldnt touch it with a barge pole. Im sure the people who started it will do very well out of it though.

mroller

Yant1 wrote: »

Wouldnt touch it with a barge pole. Im sure the people who started it will do very well out of it though.

So did the people who started Hargreaves Lansdown. This doesn' make it a bad investment. (it certainly didn't for HL)

[Deleted User]

I think its possible itll make a short term profit for experienced investors as no doubt therell be some big swings but in the long run I just cant see it working and neither can the guys that started it thats why they are floating it to cut and run. Not a fan of dot coms, ive made a bit of money on them before and cut and run near highs for the prices to never recover, get overtaken or simply destroyde thereafter.

DocProc

This is tipped in todays Sunday Telegraph at

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/15/cxequity115.xml

under the title "Share Tips: Take a trolley to Moneysupermarket.com"

Hmmm? With the intention of filling it up, I suppose?

moneylover

Investors Chronicle says buy Moneysupermarket

http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=422000&in_page_id=23

There is an article over on The Motley Fool board

http://www.fool.co.uk/news/investing/company-comment/2007/07/14/is-moneysupermarket-a-buy.aspx

wecanhelpu

Here's what the Fool has to say:

http://www.fool.co.uk/news/investing/company-comment/2007/07/14/is-moneysupermarket-a-buy.aspx


(Edit-
oops, money lover beat me to it )

DocProc

Well, although I'm giving this one a miss, I have been keeping my eye on the News for snippets of info'. Just to see if i'm making the right decision or not, I suppose.

I found the following:

Moneysupermarket paid rival £3.9m
By Josephine Moulds
Last Updated: 12:40am BST 23/07/2007

Price comparison site Moneysupermarket.com, which will complete a £1bn flotation next week, paid a rival £3.9m following a dispute over the alleged theft of intellectual property.

It is understood that Moneysupermarket made the payment to Moneyfacts.co.uk in 2004 as compensation for using its competitor's data without permission for about 18 months in 1999.

Moneysupermarket runs price comparison sites for financial products, travel deals and home services. It receives a commission from banks, airlines and other providers when users click-through to their websites. Applications from retail investors have to be submitted by tomorrow.

Credit Suisse, which is managing the float, set an indicative price range of 170p to 210p for the initial public offering, which values the group at between £864m and £1.05bn, making it the UK's biggest technology listing in almost seven years.

The out-of-court settlement is revealed in accounts filed at Companies House. Moneyfacts' annual report and accounts for the year to July 2005 show an exceptional item of £3.9m in 2004, which "relates to the full and final settlement of a claim in respect of database and intellectual property rights".

Moneysupermarket's annual report and accounts for the year to December 2003 show costs of £4.2m which "relate to the full and final settlement, after the year-end of a claim in respect of database and intellectual property rights". The discrepancy in amounts may be due to legal fees and other costs. Moneysupermarket declined to comment. Moneyfacts could not be reached. Moneyfacts also helps consumers compare financial products but makes its money by selling real-time data to product providers and financial advisers.

DocProc

A very disappointing start is indicated so it looks like I did the right thing.

http://news.bbc.co.uk/1/hi/business/6916972.stm

Not much interest on here either.