Rightmove Share Discussion Threads

[cirlbunting1] 11/12/2023 21:01

Sold out of this today at 5.8. Good luck to all existing shareholders.

[undervaluedassets] 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

[cirlbunting1] 06/11/2023 10:32

Long at 4.68. 1st tranche

[blackhorse23] 19/10/2023 21:55

Out today & bought WJG , better value stock

[kinwah] 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.

[johnrxx99] 19/10/2023 07:43

Thanks Zou

[zho] 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)

[sandeep67] 19/10/2023 07:32

on the market news of massive challenge to rmv

[porsche1945] 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.

[juan2many] 10/8/2023 07:40

hxxps://propertyindustryeye.com/rightmove-appoints-communications-firm-for-financial-pr-support/

[johnrxx99] 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.

[undervaluedassets] 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.

[johnrxx99] 02/8/2023 09:20

Cup half full etc

[toffeeman] 02/8/2023 09:19

Or sales slow right down some agents go bust and so awful for RMV - you takes your view!

[johnrxx99] 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.

[juan2many] 31/7/2023 11:45

Any chance you could buy some more johnrxx99

[johnrxx99] 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

[juan2many] 18/6/2023 15:04

All these share buybacks don't seem to be doing any good at all.

[naked trader] 07/6/2023 10:20

If Purplebricks and Strike are paying Rightmove as separate companies, I wonder how long until they merge into a single brand. Could be the biggest loss of revenue for RM ever! PB just reduced fee so if the new company are going to stand any chance of being viable, they will need to reduce portal costs substantially. RM now wanting to apply above inflation increases (17%) to agents already on the brink, it could be the straw that breaks the camel's back!

[undervaluedassets] 30/5/2023 08:35

This is very very peculiar...

The company is doing better than ever and yet the shares are falling.

The housing market is picking up

And there are record numbers of properties coming onto the market.



Also, and I keep saying this. RMV gets paid for listings and not for sales.

[juan2many] 14/4/2023 06:49

xd date. 27 April (I think)

[undervaluedassets] 08/3/2023 05:38

This lifted, unexpurgated, from the outlook statement..

"The strong ARPA growth in H2 2022, and the momentum it provides for 2023, gives us increased confidence in ARPA growth in 2023.

We expect customer numbers to follow a similar pattern to that of the second half of 2022.

In 2023, we will maintain our disciplined cost management and focus on profitable revenue growth, as we continue to invest in innovation. The increased inflationary backdrop is not expected to materially impact costs, and we expect an Underlying Operating Margin for 2023 of c73%.

Our capital returns policy, whereby substantially all cash generated in the year is returned to shareholders, remains unchanged.

The strength of our proposition, coupled with our on-going innovation, underpins the Board's confidence in Rightmove's outlook for 2023 and beyond."