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Why GoCo shares are up and Future shares are crashing today

July 5, 2021 | By admin | No Comments | Filed in: adzvswdvm.

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images Roland Head | Wednesday, 25th November, 2020 | More on: FUTR GOCO “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Roland Head has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Why GoCo shares are up and Future shares are crashing today Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Our 6 ‘Best Buys Now’ Shares The GoCo Group (LSE: GOCO) share price rose by as much as 20% when markets opened this morning. The shares surged after the price comparison firm — which runs GoCompare.com — received a £594m takeover offer from media group Future (LSE: FUTR).The deal values GoCo shares at 136p per share, which is a 23.6% premium to Goco’s closing share price of 110p yesterday. Should GoCo shareholders support the deal? Here’s what I think you should know.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…GoCo shares: what’s the offer?The first thing to note is that Future’s offer isn’t a cash bid. For each GoCo share, the media group has offered to pay 33p in cash plus 0.052497 new Future shares. Based on Tuesday’s closing share prices, this values GoCo at 136p per share, or £594m in total.If the deal goes ahead, GoCo shareholders would own almost 20% of the combined business. However, Future’s share price has slumped today and is down by almost 14%, at the time of writing. This reduces the current value of the offer to 122p per GoCo share.Future’s falling share price may indicate that the market is unsure about this deal. However, Future has built a record of improving profitability in recent years. According to figure released today, Future’s adjusted pre-tax profit rose by 79% to £96m last year. Management believes that owning GoCo would drive further growth for Future.Why Future wants GoCoFuture’s business has its roots in magazine publishing. But today, most of its revenue and profit comes from the online versions of these publications. The company’s stable of titles covers a huge range of hobby and lifestyle areas, including cycling, computing, music, photography and interior design.Future makes money by selling advertising, e-commerce transactions (where it gets a commission on product sales) and generating leads. The firm also runs some events. Future’s management believes the GoCompare price comparison website — which covers insurance, personal finance, and utilities — will be a good fit with the firm’s lifestyle titles.One example Future suggests is that readers of its property websites will be able to seamlessly access information on utility switching and energy products.GoCo generated a return on capital employed of 25% last year and has a solid record of cash generation. Future’s management also believes the acquisition of GoCo would improve the profitability of the combined business.Will Future’s offer for GoCo shares be accepted?Not all takeover offers succeed. Some are rejected by shareholders. A higher bidder could also merge. However, Future appears to have taken steps to gain the support of GoCo’s largest shareholder, Sir Peter Wood.Sir Peter founded insurer Esure which, in turn, founded GoCompare.com. Four years ago, Esure split out the GoCo business and floated it on the stock market. However, Sir Peter remains the largest holder of GoCo, with a shareholding of almost 30%. He’s agreed to vote in favour of the Future offer, even if a competing offer is received from another bidder.In addition to this, he has agreed not to sell any of the Future shares he’d receive for at least six months. The Esure founder appears to have a strong desire to combine GoCo with Future.GoCo shareholders will need to decide whether to accept the offer. But Sir Peter’s support appears to have given the bid a good chance of success. Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address See all posts by Roland Headlast_img read more

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