Onthemarket Share Discussion Threads

[hillofwad] 14/10/2020 09:54

Kosh

Oh dear ! Sounds like an extreme case of confirmation bias


Which bit about this don't you understand in the RNS ?

"Agency branches at 31 Jul -12,245 .However this has reduced to 11,799 by the 30th September. 9,400 agency branches under paying contracts, including c 3.5k branches on discounted rates.

Correct me if I am wrong that means they have lost 446 branches since July which are probably older customers not renewing contracts. 2,399 customers are on a free ride,suck it and see that's over 25% of their inventory at high risk of walking when faced with having to pay

Factor in those on discounted rates in the mix .Trouble ahead

[k0sh] 14/10/2020 08:36

Fake news. You must be desperate.

[k0sh] 13/10/2020 21:26

I'll re read it

[hillofwad] 13/10/2020 20:09

Read the RNS today !

[k0sh] 13/10/2020 19:40

Where do you get the figures from that they have lost a chunk since July.
When I had cheapskate sellers on my books, it was a relief sometimes t let them go. The cheapskates are also the hardest to please.

[hillofwad] 13/10/2020 18:14

Well they have already lost a chunk since July The numbers are going in the wrong direction

[k0sh] 13/10/2020 16:52

Strange times.
Poor agents will be keeping their costs under check.

Be interesting to see how many RM lose.

[hillofwad] 13/10/2020 10:12

Well,you can be certain that won't happen again whilst more agents drift off the map
and its certainly going to be a poorer second half .

Seems that successful litigation is their most profitable area .Pyhric victory

It must be disappointing to lose so many agents in such a short time despite all the giveaways
.Still at least they might secure a few more housebuilders !

[k0sh] 13/10/2020 08:49

Thank you Connells for being idiots and giving otmp £1m and not getting any leads for it.

Institutional investors can now take a look at this favorably.

[hillofwad] 13/10/2020 08:21

Well they can thank the £1m from Connells in settling the litigation One agent they will never add to the list

Good shout on the housebuilders but a worrying amount of agents some who have enjoyed a free lunch have voted with their feet since July

Agents are just about to be hit by the launch of Boomin' so OTMP have got it all to do just to tread water

[burtond1] 13/10/2020 07:23

Time to get in-the-market and Buy @OnTheMarketCom ?"...The period ended with the #OTMP financially secure, profitable and providing record leads for our customers..."https://total-market-solutions.com/2020/10/13/on-the-market_interims_october-2020/

[k0sh] 12/10/2020 17:50

Another good day.
Hopefully someone knows something about good news due this week

[brummy_git] 10/10/2020 15:00

Mentioned on yesterday's Vox Markets podcast (re Justin Waite & Paul Hill)

hxxps://www.voxmarkets.co.uk/articles/gfinity-erris-resources-paul-hill-and-chris-bailey-72f0214

[k0sh] 09/10/2020 19:25

Some nice trades today.
Hopefully good news next week.

[brummy_git] 25/8/2020 05:40

Great video / webinar with acting CEO Clive Beattie here. Released yesterday - worth a watch.

hxxps://www.linkedin.com/posts/paul-hill-a5994116_live-qa-with-onthemarkets-acting-ceo-clive-activity-6703557351380676608-4Xhs

[k0sh] 12/8/2020 11:12

Good to hear.
Don't wish anyone ill.

But I think i'll ask them for a valuation and then tell the valuer he won't get my business cos their not with OTMP, lol.

[hillofwad] 12/8/2020 09:19

Looks like Connells are doing mighty fine without them .They wont be hammering their door no matter how many free shares they offer

[k0sh] 11/8/2020 18:53

All I know is that the leads only improved when the insipid adverts started.
And no, I don't like them either.

But like the Man and his son with their donkey, you can't keep changing yourself to please people.

[hillofwad] 11/8/2020 18:07

Plenty of them have disappeared Just take a look on Property Eye
Many agents are disappointed with the TV adverts which are a variation of a theme of the original one which didn't find favour

The well is running dry

[k0sh] 10/8/2020 11:30

"RM having sunk to 400p are back up to 630"
Good Rise.

Otmp shares having sunk to 30p are now around 100p in the same time frame. A much more significant rise and showing the confidence returning to the share price.
Onwards and upwards.

[hillofwad] 10/8/2020 10:18

"The EA's will not forget this hopefully."

They also haven't forgotten they were right royally shafted by OTMP
New entrants being offered much better deals than those who remained steadfast and loyal
Once those handcuffs are removed they will be off


On listing the Directors creamed off a lot of benefits

[k0sh] 10/8/2020 09:48

It was not just a case of "not reaching out", Rightmove had said "No" to a reduction in fee's which was ultimately forced on Rightmove by the EA's "stamping their feet" and "throwing their toys out of the pram". Plus OTMP giving the reduction first, which made Rightmove look like a follower, not a leader.

Rightmove HAD to give way to the EA's. Shows where the true power is. If only the EA's could actually band together.

The EA's will not forget this hopefully.

[hillofwad] 10/8/2020 07:54

RM made a huge mistake at the beginning of lockdown not reaching out to their client base .However after much stamping of feet and throwing toys out of prams only a handful of agents have thrown in the towel

OTMP despite offering generous discounts to take advantage of the situation failed to capitalise

Leaderless now having to resort to throwing investors money at an insipid TV advertising campaign in one last throw of the dice

RM having sunk to 400p are back up to 630 p

Never let any inconvenient facts interfere with a good story !

[k0sh] 09/8/2020 21:51

Wonder what June 2020 figures will show for Rightmove.
There was a great groundswell against them when Rightmove showed their usual arrogance at the beginning of lockdown. They were finally forced into a humiliatiing climbdown and gave a deep discount to the agents for a few months.
But not before the agents had vented their spleen.