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Zoopla Share Discussion Threads
Showing 151 to 168 of 175 messages
|Thanks for that Jolly.|
|Price/Earnings to Growth (PEG) ratings around the bargain benchmark of 1 through to the close of 2017 suggest that Zoopla remains cheap relative to its earnings prospects..|
|89% profit since IPO, for EA's selling today at £3.34|
|Nice bit of action today.|
|lovely chart and NOR situation if breaks 305 but unlikely to happen on monday after dow tumble . Not sire the fundamentals warrant it .|
|OTM rebellion, as expected. Returning EA's to Zoopla.|
|Keep buying stock back|
|Rightmove getting crushed today. Zoopla hasn't moved.Uswitch should be a good earner. OTM losing EA's & returning to Zoopla, local rep explained to me.|
|Hoping this over time will be a very good investment|
Broker Beaufort BUY......
Zoopla Property Group (LON:ZPLA, 260.0p) – Buy
Yesterday, Zoopla Property Group (Zoopla) released a trading update for the financial year ended 30th September 2015. The company expects revenue and EBITDA for 2015 to be around £107m (2014: £80.2m) and £48m (2014: £39.6m), respectively. Zoopla has added 146 new UK Agency branches since its last update in July, taking the total to 12,702 at the end of the financial year. Additionally, the company had 2,706 new home development members, 737 overseas members and 266 commercial members taking the total number of members at the end of the financial year 2015 to 16,411. Net debt at the end of period stood at approximately £94m. On the operational front, the company completed the acquisition of uSwitch. Zoopla would declare the final results for the financial year 2015 on 2nd December 2015.
Our view: The financial year 2015 has been remarkable for Zoopla with solid performance in both its divisions. The Property Services segment performed nicely and witnessed substantial rise in number of UK Agency members. In addition, the Comparison Services division performed better than expectations, especially after the acquisition of uSwitch. The energy segment gained from uSwitch’s strong hold in the market and availability of viable tariffs, while the communications vertical has improved from highly competitive consumer deals in broadband and mobile. The improvements across verticals have reflected in the company’s financial performance as it anticipates solid revenue growth and margins. Furthermore, Zoopla has adjusted nicely to the competition from newly launched commercial real estate platform OntheMarket by Agents’ Mutual. With continued enhancements in the tools and services to help consumers in the property market, the company looks to deliver on its growth strategy. In view of the company’s solid performance and bright prospects going ahead, we maintain a Buy rating on the stock.|
|23 Oct 2015 Zoopla Property... ZPLA Barclays Capital Overweight 260.00 260.00 265.00 270.00 Reiterates|
|23 Oct 2015 Zoopla Property... ZPLA Beaufort Securities Buy 260.00 260.00 - - Retains|
|Foxtons outdone by canny Zoopla
By Harriet Mann | Thu, 22nd October 2015 - 15:04
Foxtons outdone by canny Zoopla
With buyers put off by high house prices and stamp duty charges, the number of property transactions in central London is at historical lows. With a massive footprint in London and Surrey, that's shaken the foundations at estate agent Foxtons (FOXT) during the third quarter. Online estate agent Zoopla (ZPLA), meanwhile, is thriving, thanks in part to its canny acquisition of comparison website uSwitch, which is doing even better than expected.
Triggering polar market reactions, Foxtons shares crashed 7% to 207p on Thursday, a six-month low, as investors uncomfortable with the London exposure shifted their cash elsewhere. Over at Zoopla, traders chased the shares up 6% to 247p, a seven-week high, driven by a pledge that it will meet 2016 expectations. Both sets of shares have traded a similar trend this year, but have been inversely correlated since the start of September (see chart).
Foxtons had expected activity to increase after the general election, and it has. But it still hasn't been good enough in the challenging London residential market. Weak comparatives made it easier to beat last year's performance, too. Property sales commissions rose 12.8% to £18.5 million in the three months ended 30 September, lifting revenue by 8.8% to £43.5 million. Sales from mortgage broking were up nearly half to £2.3 million. New let volumes were lower than expected, as the shift in the lettings market continues to favour renewals. Up 3.3%, residential lettings rose to £22.6 million in the period.
Zoopla hasn't been without its challenges, either, and the property portal will admit it dropped the ball momentarily with the arrival of OnTheMarket.com. But its total agency customers are continuing to return, with 12,701 on the books. The number of new homes customers has reached 2,706, with 737 overseas members. These figures were a touch light, but definitely in the right direction.
"Pleased" with its performance over the last 12 months, Zoopla reckons full-year revenue will rise by a third to £107 million, with adjusted cash profit up by a fifth to £48 million. These upbeat forecasts are underpinned by the firm's decision to diversify its offering with its uSwitch acquisition, which has outperformed expectations, while its portal division was in line.
Foxtons has been broadening its focus, too, expanding into outer London. The ribbon was cut on seven new branches in the period, with the new Croydon site up and running. Although subdued activity has held back the third-quarter, broker Numis reckons Foxtons is poised to benefit from any recovery.
"The London market has continued to operate at c.60% of long run transaction volumes, which has constrained the growth in the business. However, this does mean that significant reversionary potential exists and in our view Foxtons is well placed to take advantage of this given its high stock levels and its continued branch expansion outside of Central London, where market conditions are currently stronger," says analyst Chris Millington.
He's reduced his 2015 cash profit forecasts by 2% to £47 million, and his EPS from 12.2p to 11.9p. He is now confident enough to introduce his first 2016 forecasts, pencilling in £52 million profit and 13.3p EPS.
"Despite this reduction in estimates we think the group is making good progress against a challenging backdrop," said Millington, who still reckons the shares are worth buying. After Numis's downgrades, Foxtons is trading on a price/earnings (PE) multiple of 17 times, with a prospective dividend yield of 5.9%.
Ahead of its full-year results on 2 December, management is "comfortable" it can deliver on market expectations for 2016. Numis expects sales of £172.2 million, pre-tax profit of £65 million and 12.4p EPS. While the broker rates the shares 'add', Investec isn't so sure, suggesting that a forward PE ratio of 20 times looks "pricey".|
|ZPLA Zoopla (Housing/Property)
ZPLA Zoopla moving up nicely today on strong results. Should have much further to go.|
|Zoopla makes strong end to its financial year
09:00 22 Oct 2015
In its core business, UK agency membership continues to grow
Zoopla makes strong end to its financial year
Zoopla added another 146 net new agency branches in the fourth quarter
Zoopla (LON:ZPLA) beat forecasts in the final four months of its year aided by the acquisition of energy comparison site uSwitch in July.
Revenue for the year to September is expected to be around £107mln with underlying earnings [EBITDA] of £48mln, the online estate agent said in a trading update today.
Earlier this month, Peel Hunt predicted sales would total £98.1mln for the year, with earnings of £43.7mln.
In its core business, UK agency membership continues to grow following a fall earlier in the year when newcomer OnTheMarket.com shook up the online house-hunting business.
UK Agency membership started growing again in July, and Zoopla added another 146 net new agency branches in the fourth quarter.
Zoopla added 2016 was on track so far and it was “encouraged by the trend of gradual UK Agency membership growth over the past five consecutive months”.
Zoopla has 2,706 new home development members, 737 overseas members and 266 commercial making 16,411 in total.|