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RMV Rightmove Plc

550.80
8.20 (1.51%)
Last Updated: 11:53:38
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
  8.20 1.51% 550.80 550.60 551.00 554.00 541.80 545.00 375,981 11:53:38
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising Agencies 364.32M 199.15M 0.2485 22.20 4.42B
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 £4.42 billion. Rightmove has a price to earnings ratio (PE ratio) of 22.20.

Rightmove Share Discussion Threads

Showing 2576 to 2595 of 2750 messages
Chat Pages: 110  109  108  107  106  105  104  103  102  101  100  99  Older
DateSubjectAuthorDiscuss
25/6/2020
08:07
Looks like the wheels are starting to fall off...
tradeforce
23/6/2020
19:52
Rightmove
JP Morgan Cazenove with the summary:

spurslegend1
23/6/2020
07:42
I can't quite believe this is holding up this morning.

Another 2 months of discounts takes us into the winter months when I can see a further extension.

No need to leave as agencies only paying 25% anyway so that number is a false reading.

Based on this years revenues, this has to be one of the most expensive stocks on the market.

Good times are not going to return.

Crazy.

loafofbread
23/6/2020
07:06
Looks like a 100M hit from april to sept

Assuming the property market does not go into lockdown again

P/E of 15 would IMO be generous today

499p beckons

IMO dyor

buywell3
19/6/2020
06:46
As I said before, the other two big portals will push like made to nick market share at this time, given the opportunity, and that will be aided massively by this campaign IMO.

Writing on the wall yet?

tradeforce
17/6/2020
17:47
The writing is on the wall....
Friendsreunited, napster, ask jeeves, skype, others who have come and gone and been forgotten.

mess with you income base at your peril...

tradeforce
11/6/2020
07:19
Interesting read:
tradeforce
05/6/2020
19:16
Now at £6.00 and nothing has changed on the income front.
loafofbread
05/6/2020
19:15
I think RM have offered 75% off fees for the next 4 months at a revenue cost of £75M.

I've just been offered 12 months free with Zoopla if i resign for 24 months. so first 12 months free then my usual monthly fee for the 2nd 12M

Looking at RM f/y results end of last year.

Revs £280M
Operating Profit £200M
Cash £30M

Mcap at £4.75 is £4.2Billion so PE of say 20?

This year we already have the £75M hit but they are going to have to offer far more to keep agents happy which takes this year to perhaps less than £100M profit and a PE of 42!

Short from anywhere around here?

Any thoughts?

loafofbread
04/6/2020
16:52
The market rally is the reality...
rochdae
03/6/2020
21:43
So Rightmove is now worth £1B more than when i last posted.

One of the biggest players in the Exeter area announced the first round of redundancies last night. 10% across the board and be prepared for further cost cutting measures.

This market rally is crazy.

loafofbread
29/5/2020
13:25
hxxps://thenegotiator.co.uk/rate-at-which-agents-are-leaving-rightmove-accelerates/
uhound
29/5/2020
06:49
I agree with the shorters on here.

RMV's had it's best earning years for a while. Agents both sales and lettings are in trouble. Too many agents fighting for to little business and many will go under. This was an issue before the current crisis. Agents would pay anything to get on RMV, but that will change. RMV will have to drop the price it charges and it will lose business, so a double hit.

Obviously lot's of people "Looking" on portal, but with a recession coming, job losses, credit drying up, mortgage criteria tightening, etc., people won't be able to move.

Obviously share price is influenced by short term sentiment, but I see this stumbling at some point, maybe soon!

uhound
26/5/2020
09:03
Shorts getting shafted. Same old story. Too late to the market...
rochdae
21/5/2020
07:25
Loaf, where do you get the £120m revenue from?2019 Revenue was £290m and the actions RMV have taken will reduce this between £65-75m for 2020.And who is to say there won't be an uptick in business in Q3 and Q4? We could end up back where we started the year?
237gmoney
16/5/2020
21:30
Yes, that's a possibility tradeforce, but are you betting your house on it happening soon enough to make a profit?
rochdae
15/5/2020
08:13
20% of agents never return to work.
20% of agents revolt and leave.
I see that happening any time soon.

And as Gordon Ramsey would say "Dominant position--- done!"

There used to be loads of comparison sites like Kelkoo, pricerunner etc. One day google flicked a switch and they were all done.. Same could easily happen here. They could probably already harvest practically all the information needed to do that.

tradeforce
14/5/2020
21:31
Rightmove has established such a dominant market position that I cannot see how the agents revolt can harm it. It will take more of a technical disruption to affect RM - and I dint see that happening anytime soon. Rightmove will see off this bump in the road.

Salty

saltaire111
12/5/2020
20:45
Housing market reopens tomorrow. 450k trades currently held up by the lockdown can now go ahead.Rightmove should start to see business pick up again over the next few weeks.Basically the lockdown will only affect it for two months at most. Revenues will pick up now so hopefully the share price will too.
237gmoney
12/5/2020
19:18
There is no relationship between house prices or transactions and RMV's business model.

The number of agents is a factor, I agree. But if you don't want to go bust you'll have to advertise on RMV as it's where jo public first gravitate towards. Plus people still need to rent, which is the other 50% of revenue... perhaps that will become more prominent.

People gambling on the virus not the company.

Just read the ft that viewings now returning in the market.

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

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