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(MONY) Moneysupermarket.com General Share Chat

Discussion in 'General Share Chat' started by Microem1, Nov 6, 2015.

  1. Microem1

    Microem1 Administrator

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    (MONY) Moneysupermarket.com General Share Chat
     
  2. ONUP

    ONUP A Legendary Member

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    good performance stats in IC mag today
     
  3. Groucho

    Groucho Member

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    3C008E00-5E12-4696-864E-FA517CABBCDB.jpeg
    6370CB46-B520-49B8-A78C-8FF859633F54.jpeg

    Business review

    We made significant progress executing the first year of our Reinvent strategy. After choosing to invest in our product engineering teams, growth accelerated. We acquired and integrated Decision Tech to add B2B capability to the Group, and we launched several new market growth initiatives.

    The Group's financial performance was strong during this year of transformation and we delivered record levels of switching, saving our customers £2.1bn. We enjoy leading positions in growing markets and our brands are firmly trusted by our customers. Our users are engaged with our brands, saving money across the broadest range of products in the price comparison sector.

    Our business model is a data-driven marketplace, providing offers that our customers cannot get elsewhere, value to our providers and a track record of returns to investors.

    Market growth

    Our markets remain dynamic and healthy and we now forecast our core markets will grow at 4-5%. This is lower than our previous estimate as we now expect a later recovery to motor insurance premium inflation.

    Reinvent strategy

    Our first priority was to focus on the rapid optimisation of our customer journeys, making the sites easier to use, particularly for anyone using a mobile device. The investment in product engineering capability is now complete and there are dedicated squads in place across the main channels. This has made our site easier to use and our customers have noticed it, with our NPS increasing to 74. Our conversion rates have increased across each of our main comparison products, improving our financial performance. This new capability combined with the existing strengths of our brands, our new technology platform and strong provider relationships, is making our business more robust for the future.


    The second pillar of the Reinvent strategy leverages our technology platform to enable us to lead the innovation of price comparison and unlock new market growth. We have made good progress on each of the initiatives.


    § Personalised MoneySuperMarket - during 2018, we have begun to make our services more proactive and personalised. Starting with the users who access us through our mobile app, we launched new products driving meaningful engagement. Our app delivers proactive policy monitoring where customers can store key policies and these are then checked against offers in the market to identify the best deal. We also launched Credit Monitor, which offers the addition of a credit file to help our customers understand and improve their credit score, as well as offering personalised credit recommendations. During 2019 we will look to scale these propositions to more of our customers.


    § Take Price Comparison to the user - we are tapping into the opportunity to take our products and services to the sites people are already visiting regularly on their mobile phones. In August 2018 we bought Decision Tech, which has leading B2B price and product comparison capabilities. This company can offer Moneysupermarket's wider comparison services to new audiences through partnerships. Today, we have announced a MoneySuperMarket powered energy switching product on the Yolt open banking app.


    § Mortgage price comparison - millions of customers look to us for help with mortgages every year and in 2018 we launched a new joint venture, Podium, to develop product eligibility, so customers can receive an enhanced, digitalised mortgage comparison service with products they will be eligible for. Our initial focus is the remortgage market, which is the simplest proposition and is independent of property transactions. We estimate the addressable remortgage market including product transfer at £500m of procurement fees. The first milestones of our new mobile friendly journey are now live. During 2019, we will develop the product eligibility further and deepen our broker and lender integrations.

    Moneysupermarket.com - Final Results https://www.voxmarkets.co.uk/rns/announcement/a2a80f65-590d-44c0-9493-b6e9c32218d8
     
  4. Groucho

    Groucho Member

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    ABFEB6E9-78D0-4D12-A947-5C02D62C7383.jpeg
    City AM 12/07/19
     
  5. Groucho

    Groucho Member

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  6. Groucho

    Groucho Member

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