iSelect regaining momentum

Andrew Stanley

Ralton Asset Management Limited

Shares in comparison website, iSelect (ASX:ISU), continued their recovery from January lows. With a new management team in place since last October, the business appears to be regaining momentum. Key to investor sentiment will be the company's ability to hit its recently restated profit guidance for the full year – it is fair to say ISU has had a mixed track record in achieving profit targets since listing in 2013. Following changes to the sales team structure and a simplified recruitment process for key call centre consultants, the business now appears to be back on track. Recent private health insurance (PHI) premium rises are likely to prove supportive for insurance members to seek changes through savings or simply a more suitable policy. Further, we believe ISU is well advanced in terms of market share gains and segment profitability for both the Energy and Telco segments, reducing ISU’s reliance on profits from the PHI segment. (VIEW LINK)


1 stock mentioned

Andrew Stanley
Andrew Stanley
Head of Australian Equities
Ralton Asset Management Limited

Andrew has been with Ralton since its inception in 2006 and leads the investment management of Ralton’s managed accounts. He brings over 25 years of funds management and investment banking experience having held senior positions with major...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.