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RMV Rightmove Plc

549.60
7.00 (1.29%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rightmove Plc LSE:RMV London Ordinary Share GB00BGDT3G23 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  7.00 1.29% 549.60 549.60 550.00 554.00 541.80 545.00 1,690,698 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising Agencies 364.32M 199.15M 0.2485 22.12 4.41B
Rightmove Plc is listed in the Advertising Agencies sector of the London Stock Exchange with ticker RMV. The last closing price for Rightmove was 542.60p. Over the last year, Rightmove shares have traded in a share price range of 457.70p to 603.00p.

Rightmove currently has 801,360,422 shares in issue. The market capitalisation of Rightmove is £4.41 billion. Rightmove has a price to earnings ratio (PE ratio) of 22.12.

Rightmove Share Discussion Threads

Showing 2726 to 2747 of 2750 messages
Chat Pages: 110  109  108  107  106  105  104  103  102  101  100  99  Older
DateSubjectAuthorDiscuss
28/3/2024
06:57
James Thomson: We’re trying to find companies that are flying under the radar, [and whose] growth is under-appreciated by the market. There’s a star quality that they have that gives them resilience and lots of growth potential going into the future. We like companies that are doing something different and shaking up their industries, growing quickly but sustainably.

We don’t like to get involved at a very early stage. We prefer mid- and large-cap companies that can repeat and scale up their product or their service. I think that’s really been the secret sauce to what we’ve done over the last 20 years. Examples, I suppose, would be companies here in the UK such as Rightmove
RMV
1.24%

, a business that we’ve owned since 2009.

It’s very difficult to copy what they do. There are lots of imitators, but trying to copy them successfully is very difficult. They have such a significant market share in the UK property market, but they also have a significant share of our heads. We naturally think of Rightmove as the first place to go when we look to buy or sell a property, and that gives them incredible pricing power. In addition, they’ve put in products and services in estate agents that helps them do their jobs, and that has deeply ingrained them into the day-to-day function of an estate agent.

helpaargh
04/3/2024
06:19
From simply wall street..

"Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings."

Seems about right.

weemonkey
01/3/2024
11:36
hmm

Another record set of results.

undervaluedassets
02/2/2024
08:13
(Sharecast News) - Property portal Rightmove said on Thursday that it has agreed to buy HomeViews for £8m in cash.

HomeViews is the UK's biggest community of verified resident reviews of property developments, with a particular focus on the build to rent sector.

"It helps prospective residents make more informed decisions about where to live, as well as providing rental operators and developers with a powerful research and marketing tool to help them better understand their residents' experiences," Rightmove said.

The company's data platform, HomeViews Pro, is also used by the build to rent industry to better understand resident experiences and trends across the sector.

Chief executive Johan Svanstrom said: "The HomeViews team has built an impressive platform that gives consumers additional useful information to make decisions. It also provides valuable feedback for industry operators, especially in the build to rent sector, which is an exciting and fast-growing segment of the UK property market.

juan2many
16/1/2024
16:48
Top of the fallers is Rightmove PLC (LSE:RMV), down 4.9%, hit by a downgrade by JPMorgan.

The investment bank has downgraded the online property website to ‘underperform’ from ‘neutral’;.

It pointed out that Rightmove’s share price has recovered fully after falling in the wake of CoStar’s acquisition of OnThe Market.

It noted this has been driven by better-than-anticipated property market dynamics/falling rates and a consensus view of rather limited impact of the new challenger.

But JPM argue that requirements for permanent best-inclass tech and consumer experience are rising, prompting higher R&D and opex spend.

It estimates top line growth is broadly in line with consensus, but sees downside risk to profitability.

With that, Rightmove is likely to generate a below-sector-average 7% growth in EBITDA between 2024-26.

juan2many
11/12/2023
21:01
Sold out of this today at 5.8. Good luck to all existing shareholders.
cirlbunting1
27/11/2023
08:53
Great statement

as I have said a million times .. Rightmove get paid for house-listings not house-sales.

Just like autotrader.

ARPU going up too

nice

undervaluedassets
06/11/2023
10:32
Long at 4.68. 1st tranche
cirlbunting1
19/10/2023
21:55
Out today & bought WJG , better value stock
blackhorse23
19/10/2023
08:17
There is no doubt that house sales are drying up due to fewer people putting their houses on the market so potential buyers can't find anywhere suitable to move to. Locally on the edge of London, asking prices for some unattractive larger properties are now 25% down from the same time last year. My agent friend says he has no new buyers for £1m plus properties. Rightmove will see agents cutting costs by switching to the less premium listing which will hurt earnings.
kinwah
19/10/2023
07:43
Thanks Zou
johnrxx99
19/10/2023
07:33
OnTheMarket gets firepower to take on Rightmove with £100m CoStar sale

CoStar Group, a $33bn New York-listed property giant, is to buy OnTheMarket in a deal expected to be announced as early as Thursday, Sky News learns. (41 kB)

zho
19/10/2023
07:32
on the market news of massive challenge to rmv
sandeep67
19/10/2023
07:31
Amazed this had held up for as long as it had, reality and gravity now caught up, brexit basket case U.K. heading for the U bend along with its property market, next two years likely to be brutal.
porsche1945
10/8/2023
07:40
hxxps://propertyindustryeye.com/rightmove-appoints-communications-firm-for-financial-pr-support/
juan2many
10/8/2023
06:24
When you look at the FTSE all share index, RMV comes top in ROCE, CROCI and margin over one, three and 10 years. It is the highest quality stock in the market.

It probably won't grow as quickly as in the past but as they say, as safe as houses.

johnrxx99
09/8/2023
11:11
Toffee, even if some agents go bust it is an irrelevance as the houses will be sold through other agents who will inevitably use Rightmove.

The fees are garnered on a per-property basis and even if the house NEVER sells RMV still gets their fee.

It is the same as Autotrader; You pay your fee whether or not you sell your car. Likewise Rightmove get paid whether or not you sell your house.

Also, when sales are weak, rentals are strong. And RMV is involved in both markets.

undervaluedassets
02/8/2023
09:20
Cup half full etc
johnrxx99
02/8/2023
09:19
Or sales slow right down some agents go bust and so awful for RMV - you takes your view!
toffeeman
02/8/2023
07:30
juan, haha. I like reports that values are falling. Those who wish to trade up/down then to move when they hear that. Good for the agents and thus good for RMV.
johnrxx99
31/7/2023
11:45
Any chance you could buy some more johnrxx99
juan2many
24/7/2023
09:25
I hope I'm not too wrong by taking a dabble - usually the stock falls by 5% !

Looking ahead, I think there is pent up demand, even if we get another 0.5% rate rise. In most markets inflation is cooling and in the UK that means houses and property in general.

GLA

johnrxx99
Chat Pages: 110  109  108  107  106  105  104  103  102  101  100  99  Older

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