Rightmove Share Chat (RMV)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Rightmove Plc	LSE:RMV	London	Ordinary Share	GB00B2987V85	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+35.00p	+0.79%	4,488.00p	4,472.00p	4,475.00p	4,485.00p	4,432.00p	4,467.00p	537,699	16:35:15

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Media	243.3	178.2	156.8	28.6	4,082.60

Rightmove Share Discussion Threads

Showing 2301 to 2323 of 2325 messages

Chat Pages: 93 92 91 90 89 88 87 86 85 84 83 82 Older

Date	Subject	Author	Discuss
04/3/2018 22:47	23 February 2018 Chancellors Group of Estate Agents 50+ branches now listing properties at OnTheMarket.com in 5-year agreement Main highlight being ;- The growth in agent support for the OnTheMarket.com portal continues to accelerate, with the number of new listing agreements up from 81 in the first five days of trading on AIM to a total of 243 within the first ten days.	mr parker	Read Full Thread Reply
04/3/2018 14:18	Early days Ragehammer! early days! rightmove formed in 2000, they know their days are limited which is why year after year prices go up. The only reason it hasn't worked so far is because not every agent has committed. That day may still come. RMV recognise this. What you fail to recognise is that print sells what they do, it sells their branding. Rightmove is simply selling their houses, something which they were able to do well before rightmove through conventional means!	mr parker	Read Full Thread Reply
04/3/2018 09:53	That's exactly what they tried with OnTheMarket. Result = total failure.	ragehammer	Read Full Thread Reply
25/2/2018 18:23	There is a recent blog post on Rightmove's results available here: hTTps://www.sharesoc.org/blog/remuneration/persimmon-pay-rightmove-results/	sharesoc	Read Full Thread Reply
13/2/2018 17:23	karlos885 - you couldn't be more wrong. RMV benefits from the network effect, which is hugely powerful. The "tangible" thing it provides is buyers! Ultimately that's what agents care about and that's why they pay up. OnTheMarket has been a total dud. Might have low single digit market share vs. RMV's 75%+?	ragehammer	Read Full Thread Reply
13/2/2018 11:41	regehammer - rightmove doesn't even produce anything tangible for that cost. Rightmove needs agents more than rightmove needs agents if 75% left rightmove and started promoting another portal thats it game over rightmove. it was close with onthemarker I hear but what looked a I venture to help agents became more of money making venture thus agents were not willing to switch in their masses. Thats what I'm told anyway!	karlos885	Read Full Thread Reply
12/2/2018 08:53	Agents moan every year about RMV price increases and yet advertising on RMV is substantially cheaper than in the old days of newspapers. RMV ARPA is about £900, whereas RMV's estimate of what it was costing estate agents about £2,500 per month to advertise in newspapers back in 2007. The proof is in the pudding. Agent complains, but what are they going to do? Pay up. In the case above they ditched RMV's competitors. You can't operate as an estate agent if you're not putting people's houses on RMV, sellers won't sign you up. Estate agency is doing fine, it's a great businss to be in, even in a dampened housing market, which is why there are so many of them. Take agents' complaints with a pinch of salt IMO.	ragehammer	Read Full Thread Reply
11/2/2018 17:09	Buying in at peak prices here is dangerous, if agents are not doing so well, in long run this will impact rightmove.	karlos885	Read Full Thread Reply
19/12/2017 16:20	13 days up in a row.What is going on?	trewsa	Read Full Thread Reply
13/12/2017 23:55	New all time closing high today, so hopefully the shackles are broken. First mover advantage still a key factor imv. Onthemarket seem to be particularly late to the party, although they have big names behind them. Agree that Purplebricks may be a danger - but is it really likely that Estate Agents will no longer be around. They may have to reduce their commissions - but they are surely not going to reduce their possible avenues to sales - and RMV is a money spinner for most of them. The rise today is almost certainly on the back of the fall in PURP, whose losses increased, although revenue was higher than expected. Might be best to have a foot in both camps!	gargleblaster	Read Full Thread Reply
27/9/2017 11:54	Tarrant777 - agree they really haven't tried to do anything overseas. However, the risk is that they could of taken their eye off the ball in the UK. They need to keep Zoopla and Onthemarket at bay. I think the risk here is that Rightmove prices its product at too high a level and customers go elsewhere. An additional risk is that high pricing creates an opportunity for Amazon to come in and offer a low risk product. Alternatively we could see these virtual estate agents reduce the need for Rightmove. I.e. if Purplebricks became the dominant agent in the UK then people could just go to its website. On balance I think Rightmove will continue to do well. The forecast P/E is becoming more attractive and if property transactions pickup in the UK the group should be well placed.	trytotakeiteasy	Read Full Thread Reply
27/9/2017 11:43	This is undoubtedly one of the finest property portals in the world and is hugely profitable.The state of the UK housing market is largely irrelevant to Rightmove as it is a "must have" for any serious sales or letting agent and they have not been shy about increasing their charges year after year.One or two notes for concern however are the board's insularity in always promoting the CEO from within, which may be ok but smacks a bit of complacency and a failure to do anything for several years with their mountain of cash other than buy in their own shares, whilst Rightmove lookalikes have been created in almost every country in the world. Surely, a more dynamic Chairman and board would have increased shareholder value more by taking some strategic stakes in some of those businesses and helped them grow by leveraging Rightmove's tech and corporate know how. However, they have all become very rich on the back of the performance so probably feel completely relaxed-but in corporate history, nothing stays top dog for ever!!	tarrant777	Read Full Thread Reply
07/9/2017 20:55	I have just bought in here recently for five main reasons (assuming anyone might be interested of course)! Firstly the share price is at the same price as it was at the start of January 2016. Whilst you could argue that it was overvalued then - bear in mind that eps is 30% higher than then, which seriously limits the downside, and indicates good relative value (i.e. mean reversion is on your side). Secondly they are buying back their own shares - always a good sign. Thirdly I notice that Nigel Thomas (Axa) - a very savvy fund manager has this as the biggest holding in his portfolio (about 14%). Fourthly, short term chart formation looks good. Five - it seems as though Estate Agents,are coming to see RMV as an essential investment rather than an option - so they seem resilient to any house price weakness. DYOR etc.	gargleblaster	Read Full Thread Reply
08/8/2017 18:46	Zillow going ballistic. After Amazon recently said they were entering the on-line real estate market, who knows what can happen next????? But on-line real estate portals will have their day. Shame for RMV given the rapidly cooling UK market but prospects for Zillow look brighter by the day. ALL IMO> DYOR. QP	quepassa	Read Full Thread Reply
07/8/2017 19:47	Zillow UP 50% since March. Whereas Rightmove is flat over a year. ZILLOW ZILLOW ZILLOW. ALL IMO. IMO. IMO. DYOR. QP	quepassa	Read Full Thread Reply
20/3/2017 12:03	20/3 record prices in west midlands, btl semi end of runway at Elmdon airport sold last wk after 36 viewings in ten days, bubble looks ready to pop! looked what happened to similar spikes in 72, 89, 06, and a long time to reach next peak, edit, a FREXIT could save us, last chance to get out of the clutches of brussels nai	mike24	Read Full Thread Reply
09/3/2017 15:50	Good post walbrock but the question I would ask is where is the growth going to come from. So far growth has come from ever increasing estate agent sign ups but they are now saturated. If they are to then rely on higher subscriptions then this won't be a growth company. E.g. It is far more valuable signing up more estate agents then raising subs.Also I'm not sure that they are that dependent on house prices either as they also advertise rentals. Which is probably a good thing. Remember the EPS has increased in no small part down to buy backs. Whilst this is ok, it doesn't indicate a growing company as share price is to some degree artificially heightened. I think the next stage will be turning from a growth stock to a strong dividend company. Unless the management have some other secret ideas like emulating purple bricks (which would have been brilliant).	kitbag1984	Read Full Thread Reply
06/3/2017 16:57	On the technical analysis front, RIGHTMOVE’s monthly chart looks bullish, there are support patterns on the RSI chart. RIGHTMOVE’s RSI chart shows it never gone below 50. http://bit.ly/2mtphWk	walbrock82	Read Full Thread Reply
06/3/2017 16:27	Looking at RMV, I can say it is a great company. The fundamentals are super competitive. They can: 1. Raise advertising fees from £117pcm in 2004 to £830pcm today, an annual compound rate of 17.7%. Meanwhile, UK House prices compounded at 3.9%/annum, or a total of 58% in that same period. 2. Cash operating margins is at 60% from 30%, a decade ago. 3. They return all free cash flow to shareholders, that is £130m in total. 4. People is sleeping on the company’s free cash flow generation. It is greater than current liabilities 2.5 times. 5. It accounts for 70% of the UK property internet portal driving 11.7bn visits with visitors spending 1bn minutes per month on their website. The Economics of RIGHTMOVE (and ZOOPLA) A typical fee an estate agent makes is between 1% and 3% of the property value sold. So, typically a property value of £250,000 gives the estate agent’s £2,500 to £7,500 in fees. I can hear the thoughts on your mind telling me this: £842/month multiply by 12 = £10,104 of fees to RIGHTMOVE. Remember, property transaction is a volume business. The UK does over 100,000 property transaction per month, or over 1.2m transactions per year, also there are 157,000 estate agents. So, one estate agent (on average) sells 7 or 8 properties per year. In total, an estate agent makes around £17,500 to £52,500 in properties transaction. Are there headwinds for RIGHTMOVE? Definitively. -These depend on UK Home price appreciating. -Property volume transaction increasing steadily. If both these factors decline, RIGHTMOVE is in trouble, as more estate agents will leave, unless fees prices come down, which will hit margins. To read more, click on http://bit.ly/2mLQUL0	walbrock82	Read Full Thread Reply
06/3/2017 00:54	For info. I sold out of rmv. Had held for approx 4 years. Had 24% roi per each year of holding. I simply can't see where the growth would lie, margin is already fantastic and holding for an acquisition is just gambling. It is still a great company and will do very well but when growth stock slows then it can fall rapidly until PE is at a reasonable level. Thanks to the management at rmv for your great work.	kitbag1984	Read Full Thread Reply
03/3/2017 16:24	Purplebricks is going to be a problem for RM. Salty	saltaire111	Read Full Thread Reply
27/2/2017 17:13	This stock will definitely be hitting the buffers. We are a small lettings agency and we have been hit by a 20% hike in fees... Therefore we will be cancelling our membership for sure... That is on top of any already 13% hike the other year. Whereas over the same 3year period Zoopla have hiked our fees a grand total of Zero.. We for one will be spreading the word about boycotting Rightmove bearing the absurd price rises into account.	pablo2uk	Read Full Thread Reply
30/1/2017 22:52	Has this stock hit the buffers? Can't see any further growth potential other than by share but backs.Management don't seem to be interested in international growth and with near enough 90% of agency sighted up this could be negative for the company. Thinking of selling. Any thoughts?	kitbag1984	Read Full Thread Reply

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