You are here

Prices & Quotes - UK Markets - Moonpig Group (MOON)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 327.80p
Change Today:
-13.60p
Market Cap:
1,121.44m
Sector:
General Retailers

Moonpig shares surge as trading gets underway

By Abigail Townsend

Date: Tuesday 02 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Moonpig saw its shares surge upon its London debut, as conditional dealing in the 1.2bn flotation got underway on Tuesday.
The online card retailer priced its initial public offering at 350p a share. By 0930 GMT the stock was trading at around 426p, though it had earlier touched highs of more than 440p.

The offer comprises around 5.7m new shares, raising around 20m, and around 134.6m existing shares, equating to a total offer size of 491.2m. It represents 41% of Moonpig's issued share capital on admission.

Unconditional dealing is expected to start on Friday.

Chef executive Nickyl Raithatha said: "Listing on the London Stock Exchange is an incredibly special milestone and will provide new opportunities for the business.

"As the leaders of a market undergoing an accelerating shift to online, now is the perfect time for us to bring the company to the public market, and we are excited about Moonpig's prospects for the future."

Neil Wilson, chief market analyst for Markets.com, said: "Moonpig has been a big beneficiary of lockdowns, as card shops have been closed and consumers have found options online to send greeting cards; sales doubled in the six months to the end of October. Its market share is huge - 60% of online cards in the UK in 2019 - and the trend towards online that will last beyond the pandemic is supportive of future growth.

"The strong debut, coming amid a flurry of deal activity that last week saw Dr Martens shares surge on debut in conditional dealing, is a sign investors are still willing to pay a premium for growth and a premium for names they are familiar with."

Michael Hewson, chief market analyst at CMC Markets, said: "This is an impressive start for a company that is likely to face challenges that have seen the likes of Paperchase and Card Factory struggle, although both of these businesses have much higher costs due to their store footprint.

"Moonpig has certainly seen a big increase in demand as a result of the pandemic. Its last set of accounts showed that revenues for the end of last year, to 30 April, increased to 173.1m, a rise of 44%. It stands to reason that revenues for this year should come in much higher - however, whether that's enough to justify [its] valuation remains to be seen."

Moonpig is expected to qualify for inclusion in the FTSE 250.

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

 

Moonpig Group Market Data

Currency UK Pounds
Price 327.80p
Change Today -13.60p
52 Week High 488.40p
52 Week Low 285.40p
Volume 531,700
Shares Issued 342.11m
Market Cap 1,121.44m
Beta 0.97

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
Not Available
Growth
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
Not Available
EPS Growth
Not Available
Operating Margin
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector

Moonpig Group Dividends

No dividends found

Trades for 26-Nov-2021

Time Volume / Share Price
16:49 4,200 @ 327.80p
16:36 331,063 @ 327.80p
16:35 69,426 @ 327.80p
16:29 6 @ 325.40p
16:29 11 @ 325.20p

Moonpig Group Key Personnel

CEO Nickyl Raithatha
CFO Andy MacKinnon