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Martin Lewis sells Money Saving Expert website for £87 million
- Thread starter CHAPPERS
- Start date
Moshe Gariani
Well-known member
- Mar 10, 2005
- 12,191
Some things money can't buy. NSC isn't one of them: Bozza.
It's going to be great when Bozza sells NSC to some crap larger organisation like rivals.net. I bet he picked up the site for buttons (probably), selling it on for bigger business to pick apart at their leisure leaving Albions on-line fan community up shit creek.
Bozza: a modern day Bill Archer waiting to happen.
I've been offered a lot more than that.
It's going to be great when Bozza sells NSC to some crap larger organisation like rivals.net. I bet he picked up the site for buttons (probably), selling it on for bigger business to pick apart at their leisure leaving Albions on-line fan community up shit creek.
Bozza: a modern day Bill Archer waiting to happen.
You couldn't be further from the truth.
I picked up NSC for nothing.
Having met Martin Lewis in real life he is nothing but an arrogant wanker.
He is one of the main reasons why shops are disappearing from the high street. He advocates purchasing online rather than visiting shops BUT ONLY if you try it out in shops first. He is basically asking people to try things out for free then order online. Retail Shops on the high street cannot reduce their prices in line with online shops. If 1 in 4 adults read MSE every month, think how much business this man is taking away from retail shops.
He is an internet marketer, I know recently he has come forward about that, but in the past he was very shady. He doesn't ONLY recommend the best deals. I know somebody that wrote for him that had to highlight specific deals, ones where ML got the most commission. This guy is no better than the people that sell diet pills online. He has been sucking dry people who trust in him.
He regularly gives bad advice, I have no specific examples here, but I have looked at some of the 'legal' advice he has given in the past and he is really stretching it.
In short, I don't think the work he has done is worth what he is getting, or anywhere close to it. Maybe a couple of million at the most, but hey, if moneysupermarket want to pay that then by all means they can. I won't stand in their way. I don't like the man, never will.
He is one of the main reasons why shops are disappearing from the high street. He advocates purchasing online rather than visiting shops BUT ONLY if you try it out in shops first. He is basically asking people to try things out for free then order online. Retail Shops on the high street cannot reduce their prices in line with online shops. If 1 in 4 adults read MSE every month, think how much business this man is taking away from retail shops.
He is an internet marketer, I know recently he has come forward about that, but in the past he was very shady. He doesn't ONLY recommend the best deals. I know somebody that wrote for him that had to highlight specific deals, ones where ML got the most commission. This guy is no better than the people that sell diet pills online. He has been sucking dry people who trust in him.
He regularly gives bad advice, I have no specific examples here, but I have looked at some of the 'legal' advice he has given in the past and he is really stretching it.
In short, I don't think the work he has done is worth what he is getting, or anywhere close to it. Maybe a couple of million at the most, but hey, if moneysupermarket want to pay that then by all means they can. I won't stand in their way. I don't like the man, never will.
34064 Fighter Command
New member
Lewis is only retained for 3 years, after that they could just as easily ask him to walk ( he is now effectively an Employee on a fixed term contract ) - and by the sounds of it he'd be happy to do so after that period as he wants to concentrate on other areas. Once he's gone, MoneySupermarket are free to re-write the rules as they see fit.........
Butch Willykins
Well-known member
Now he's made £87m will he stop being so f***ing tight and pay full price for something for once?
hitony
Administrator
I can confirm your previous comment has already cost me a lot of money in phone calls!!!!
Digweeds Trousers
New member
Sorry but that is a very simplistic view and overlooks a myriad of other important factors.
It depends on what the nature of the exit is - trade sale, merger, IPO.....it depends on your customer retention rates, your recurring revenue streams, product road map etc etc
That's why it is not unusual to 16 x valuations against earnings in certain technology businesses - that and the high margins generated.
Of course there is risk but typically you find that in the internet business model first movers are very difficult to shake once they have the brand embedded in their target market. And before you suggest Yahoo were first movers - they weren't. They had a product and a customer base but Google were the first movers when it came to embedding their brand in the market.
As for killing the high street - I'm afraid they ahve been keilling themselves slowly for years - even decades. POor customer service, refusal to buy into the internet shopping model early enough makes them prime targets for death in a recession.
As Larry Ellison said in his book 'make your business recession-proof in a boom - otherwise you delay the inevitable.'
My opinion on that he's right as recessions are as inevitable as tax and death. So if your business model is based on selling in a boom you are probably going to be around for a limited time.
Which is standard stuff for a buy-out (although ML has gone further than most by insisting on the public release of an editorial policy). So what's your point?
34064 Fighter Command
New member
My point is that once he's gone, the new ''Editor in Chief" , no doubt appointed by MoneySupermarket.com, will re-write the rules to allow information to be sold to 3rd parties. That's precisely why they've paid Mr. Lewis's ridiculous asking price.
GingerBeerMan
3-0
- Dec 29, 2011
- 8,201
All I see from this post is "he tries to get people to buy online to save the most money". Surely that's the idea of a money saving website. If shops can't compete with online retailers they should develop to also have an online branch. (Actually, come to think of it John Lewis released an app on the iPhone that allows customers to try clothes on in their store, scan the bar code and then buy the goods online. This is the type of forward thinking that keeps the efficient businesses running and puts the less efficient, more expensive, firms out of business).
Are we stake holders?
Most business are sold on a multiple of profit and not turnover, it's unusual for a .com to be sold for such a small multiple but seems a bargain for moneysupermarket and a tidy sum (as he still has shares) for Martin Lewis.
BTW Bozza, planning permission is in place just waiting for Toy R Us to sign on the line and we move!
Tony Meolas Loan Spell
Slut Faced Whores
This.
I'm fed up of hearing him spouting generic financial advice wholly unsuitable for many people listening and it being treated as gospel. But then of course he knows that unlike proper authoised and registerd advisers, he can print or say anything he wants and get away with it if its worded right. Worse still, he doesn't have to disclose how he is renumerated via the site. Once again the FSA (morons) asleep at the wheel.
Wise up you lot.
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