Rightmove Share Discussion Threads

[whites123] 21/10/2022 11:32

This from todays Director change RNS.

"The Company continues to make good progress with the implementation of its strategy and trading in the year to date has been as expected. The Board's expectations for the full year remain unchanged."

[whites123] 21/10/2022 11:28

Rightmove will do well.

If house sales slump and less mortgages are available and homes are repossessed..
Rightmoves listings will increase with rentals.

RMV will win win win.

[gorse] 19/10/2022 13:11

I have 2 estate agents on the road where I live (Bournville, Birmingham). Hanging around for a vacancy at the barber's nearby, I passed a moment glancing at the estate agent's windows. Normally, for most of the last 10 years, that shows about 100 properties, with only 3-5 unsold. Well, blow me, suddenly there are 20 properties for sale, a number of which I know were "sold" a few months back. The same pattern also applied at the other estate agent, 15-20 properties for sale, instead of the usual 3-5.

[porsche1945] 29/9/2022 12:33

If it’s like 08 about half the estate agents are due to be wiped out, london likely to be a total bloodbath. The brexit self harmers have taken us all down with them. Emigrate.

[toffeeman] 28/9/2022 09:27

looks like 400 ish coming

[juan2many] 28/9/2022 07:18

This is serious.

[powereddrones] 27/9/2022 21:19

ouch, if this falls beneath £5 this would be a new 2+ year low.

We are heading into a bad recession!

[arja] 27/9/2022 20:34

indeed it is and must be because the listings will decrease a lot. chartwise more downside likely . I assume Zoopla is not a listed stock !

[juan2many] 26/9/2022 07:53

This is tanking.

[f56] 20/6/2022 19:39

The only thing that matters is a transfer of power from the west to the east. Short term gov. vs long term gov.

[porsche1945] 07/6/2022 10:32

Defo not the time to be in anything property related, US property stocks getting obliterated and they are likely the canary in the coal mine as U.K. has a worse inflation problem thus likely higher rates than the US with much lower wages. 2008 property crash coming, will last five years I would think. Plus U.K. economy post brexit fiasco is starting to really buckle, politics like a 3rd world basket case, it writes itself. Dire.

[cirlbunting1] 30/5/2022 08:57

Agreed rogue. RMV has a high equity duration due it's high p/b like all tech stocks. I'm still not convinced that high equity duration is the right play at this moment in the ST, still trying to figure that one out.

[roguetraderuk] 30/5/2022 07:30

the way rmv charges means its largely insulated from periods of stagnant or falling house prices. the revs only decline when agents using the site go bust. otherwise fees are paid regardless. so in that regard its pretty resilient in all but worst case scenarios. but given the relatively higher rating than ft100 avg the shares tend to mimic tech names in the states, just not quite as high beta as them.

[cirlbunting1] 30/5/2022 07:26

@GrowthPotential > I messed up on that short-term trade. Foolish of me. Short-term, the sentiment has definitely changed away from stagflation with US PCE #s & a build up of inventories creating a disinflationary tone. Back to the drawing board.

[ram376s] 19/5/2022 12:05

Pop up RMV .300 nurses to train with GDR new game changer test .Multibag possible .Antipated news .

[growthpotential] 13/5/2022 12:23

Seems like a rash decision given it's been way up at 800?

[cirlbunting1] 12/5/2022 10:01

Out of this @ 5.50 having bought in at 5.55...CEO leaving is my main reason. ofc theres more downside to be factored in as the US brings the market down with it. Will look for reentry if ftse approaches 67-70

[roguetraderuk] 09/5/2022 09:06

the company isnt reliant on the comings and goings of housing market but for the uk its a higher multiple name and so is sold when its risk off. however its one of those to bounce back when mkts find a footing.

[cirlbunting1] 09/5/2022 08:48

CEO leaving complicates this. Was hoping it retraced back to £6-7 in the next few months. Now, not so sure.Long-term > solid however.

[roguetraderuk] 09/5/2022 07:41

down another 6% on news ceo retiring. about 22 times 22 earnings now. strong key cashflow and low debt makes this interesting now. presently just below 2018 highs of 540 with further support by 430-460.

[cirlbunting1] 06/5/2022 13:30

Took a decent size here. Will continue to avg if we hit £4-5.

[helpaargh] 25/4/2022 16:38

Blackrock taking a chunk here.

[growthpotential] 12/4/2022 21:01

Well placed to capture growing revenues

[kreature] 06/4/2022 14:01

The right move to the property ladder,
Great heading here

[undervaluedassets] 28/2/2022 16:48

Results were stella as usual..

Goes to highs and beyond in my 'umble..