▪ MOONPIG’S
shares have been ‘pretty anaemic’, points out stockbroker Davy. They floated early last year at £3.50 and now trade at £1.28, having fallen 31 per cent in the past month alone. They are being weighed down by fears that its recent acquisition of Buyagift, which sells ‘experiences’ such as spa days and posh afternoon teas, may not perform that well in a downturn. Despite this, Davy suggests it’s the ‘highest quality business’ among the IPO class of 2021. And Moonpig has raised its guidance five times since floating. One to keep an eye on.