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!
