MoneySupermarket.com Share Offer

[emicen]

Prior to their stock market floatation, money supermarket are doing a share offer.

I'm curious as to peoples thoughts on this as an investment. If it was a couple of hundred quid I'd have a punt, but the minimum investment is a grand, which makes me less sure.

Guessing at this point some of the city boys will go all cloak and dagger but any other little men out there, like myself, thinking of putting their money down.

[slapmatt]

These price comparison Web sites are two a penny and IMHO MoneySupermarket isn't really that better than any of the competition.

All you need is for Google to launch their own insurance comparison site (like they did with Froogle for products) and MoneySupermarket will be f**ked.

[condor]

They've sent me 2 e.mails about it so far - I regard it as just short of spam, since I have used the site - will take no action re their share offer.

[jacobyte]

They have an extremely thin and fragile business model, and as such they have severely overpriced themselves at £1bn.

It might be worth a spread bet on falling figures

[emicen]

Having posted that last night I had some time to think about it this morning. My own experiences of the site are that it was actually rather crap. What you guys have posted with regards to market fragility and shakey business model have reinforced my thoughts. Hand staying firmly in pocket.

I wasnt aware they'd valued themselves at £1bn. Someone may wish to inform them the dotcom bubble burst some time ago!

[scotal]

emicen said:

Having posted that last night I had some time to think about it this morning. My own experiences of the site are that it was actually rather crap. What you guys have posted with regards to market fragility and shakey business model have reinforced my thoughts. Hand staying firmly in pocket.

I wasnt aware they'd valued themselves at £1bn. Someone may wish to inform them the dotcom bubble burst some time ago!

As well as the "price comparison webite" Moneysupermarket also own a mortgage sourcing system, and a mortgage packaging firm.

There was a lot of upheaval there a couple of years ago......

[emicen]

scotal said:

emicen said:

Having posted that last night I had some time to think about it this morning. My own experiences of the site are that it was actually rather crap. What you guys have posted with regards to market fragility and shakey business model have reinforced my thoughts. Hand staying firmly in pocket.

I wasnt aware they'd valued themselves at £1bn. Someone may wish to inform them the dotcom bubble burst some time ago!

As well as the "price comparison webite" Moneysupermarket also own a mortgage sourcing system, and a mortgage packaging firm.

There was a lot of upheaval there a couple of years ago.....

Do you have any more details on that one?

If its anywhere near as good as their loan sourcing facility [read as: here's a list of 20 loans at fantastic rates, simply submit an application through us then find out none of the quotes were within £100/month of what the actual rate is] then I'd expect there was some frowning upon it?

I am only learning about mortgage advising but I suspect their website falls down at the same hurdle the travel one does. Its all very well giving people eleventy billion cheap options, but people need advice on whats best for them.

[jacobyte]

The best, most accurate, mortgage sourcing tool is Moneyfacts. That feeds into Mform, Moneyextra, Motley Fool and others.

Interesting that they all begin with M...

[scotal]

jacobyte said:

The best, most accurate, mortgage sourcing tool is Moneyfacts. That feeds into Mform, Moneyextra, Motley Fool and others.

Interesting that they all begin with M...

accurate......... mmmmmmmmmmmmmmmm
accurate-ish would be better for all the sourcing systems.

[jacobyte]

So true

[slapmatt]

I've also seen a couple of adverts on TV saying how they either don't offer their products via price comparison sites (First Direct) or that you can only get their best prices by going direct (Direct Line).

Not good news if you are a price comparison site.