Back in February last year I asked the question about whether Moonpig Group (MOON) was “a mad or amazing new share?”. Fortunately I concluded the former, as the c. 440p share price it had back then is now an amazing 240p, and I did not buy any shares (and I hope you did not either). So what to think about the update today from the “leading online greeting card and gifting platform, comprising the Moonpig brand in the UK and the Greetz brand in the Netherlands”....?
Life can be strange at many levels and the same is certainly very true in the business world. A few days ago I was very surprised to read that Virgin Wines (VINO) and Moonpig (MOON) are doing a partnership deal together.
Hello, Share Mashers. This old punter avoids shares in companies which sell greetings cards in the old fashioned way. But I’m quite disposed to Moonpig Group (MOON), which sends them out digitally. My grown-up kids use the service regularly and, as more people become computer literate, custom is likely to increase.
Are you a fan of Moonpig (MOON)? I guess you have seen the company do a TV advert to try to get you to buy for somebody’s birthday one of its cards. Personally I have never used it as unsurprisingly I do not care that ‘It's Even Easier on the AppMoonpig on the go, anytime, anywhere!’ but clearly some people do. Anyhow earlier today the list price was 350p for a value of £1.2 billion...and as i write the share price is over 430p. Hello the 22% day one move!
