Rightmove Share Discussion Threads

[undervaluedassets] 15/8/2024 09:28

Should be a good time for Rightmove. labour want build a gazillion houses.

At the risk of sounding like a broken record.. they get paid for listings not for sales.

[helpaargh] 08/8/2024 16:28

OpenRent agree to terms. Blackrock increases holding.
Buy back today worth £2Mill.

All good

[helpaargh] 07/8/2024 06:58

Hit Man
August 6, 2024 at 16:10#23
I’ve heard that Rightmove is preparing to offer services similar to OpenRent for private landlords. It seems likely that they will eventually become an online sales agent for private properties, much like Autotrader with cars sales, with all the support of paying agents.

Taken from PIE

[juan2many] 26/7/2024 06:50

Gentlemen -

hxxps://polaris.brighterir.com/public/rightmove_plc/news/html_rns_widget/story/r7ppdjr

[growthpotential] 21/7/2024 21:17

I agree old news and actually think it will be impossible to muscle in. There's no incentive on the market could offer to search their site

[juan2many] 18/7/2024 16:30

26 July next reporting.

[timmy40] 13/7/2024 08:06

Hasn't it gone up 6% in the last two sessions, starting to pick up nicely

[growthpotential] 12/7/2024 18:36

Any news flow here(?) hasn't gone anywhere for 5 years surely due a boost

[growthpotential] 11/6/2024 10:47

is this an undervalued asset?

[undervaluedassets] 13/5/2024 07:58

Thank you Juan.

The market, as was pointed out in the above article, has taken a "glass half empty" view of RMV. This has been going on for 5 years now.

The company has continued to post year on year growth in all metrics, namely EPS, dividend, turnover and profits. And operating margins remain at a truly astonishing 70%.

And yet the shares have drifted downwards

This mismatch between share price and underlying growth will not persist forever

There will come a period when the the share price enters a period of "catch-up".

Who knows when it will happen but it will happen.

[juan2many] 12/5/2024 11:37

undervaluedassset -
You may like this article and you may just like the target price from AJ bell , however there is a disclaimer at the end.

hxxps://www.sharesmagazine.co.uk/news/shares/why-rightmove-shares-are-down-despite-positive-outlook

[undervaluedassets] 10/5/2024 12:05

Did I miss something?

This trading statement is outlining another year of growth for 2024 for Rightmove

The growth of the last 3 years by this stock has been ignored by market pricing.

Looks like more of the same.

This is going to take investors' teeth out when it chooses to catch up with the growth seen over the last 5 years.

[juan2many] 10/5/2024 10:43

hxxps://www.morningstar.co.uk/uk/news/AN_1715334259481463500/top-news-rightmove-shares-fall-as-cuts-forecast-for-key-metric.aspx#:~:text=Rightmove%20shares%20were%20down%204.7,market%22%20than%20last%20year%20was.

[undervaluedassets] 09/5/2024 10:40

[...]

more evidence of listings going up.

they get paid for listings not for sales.

[weemonkey] 08/5/2024 09:25

www.linkedin.com/pulse/uk-housing-market-number-homes-sale-reaches-5-year-high-71nje/#

number of properties for sale in Uk at a 5 year high.

should be good for RMV

[undervaluedassets] 08/5/2024 08:00

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.

Record number of properties on the market currently.. so record fees...

Whether those houses sell or not is irrelevant to Rightmove's business model

[cirlbunting1] 03/5/2024 08:03

Out at 31. ~5%ish

[cirlbunting1] 25/4/2024 09:36

Bought a few here at 5.04. Short-term trade.

[helpaargh] 28/3/2024 06:57

James Thomson: We’re trying to find companies that are flying under the radar, [and whose] growth is under-appreciated by the market. There’s a star quality that they have that gives them resilience and lots of growth potential going into the future. We like companies that are doing something different and shaking up their industries, growing quickly but sustainably.

We don’t like to get involved at a very early stage. We prefer mid- and large-cap companies that can repeat and scale up their product or their service. I think that’s really been the secret sauce to what we’ve done over the last 20 years. Examples, I suppose, would be companies here in the UK such as Rightmove
RMV
1.24%

, a business that we’ve owned since 2009.

It’s very difficult to copy what they do. There are lots of imitators, but trying to copy them successfully is very difficult. They have such a significant market share in the UK property market, but they also have a significant share of our heads. We naturally think of Rightmove as the first place to go when we look to buy or sell a property, and that gives them incredible pricing power. In addition, they’ve put in products and services in estate agents that helps them do their jobs, and that has deeply ingrained them into the day-to-day function of an estate agent.

[weemonkey] 04/3/2024 06:19

From simply wall street..

"Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings."

Seems about right.

[undervaluedassets] 01/3/2024 11:36

hmm

Another record set of results.

[juan2many] 02/2/2024 08:13

(Sharecast News) - Property portal Rightmove said on Thursday that it has agreed to buy HomeViews for £8m in cash.

HomeViews is the UK's biggest community of verified resident reviews of property developments, with a particular focus on the build to rent sector.

"It helps prospective residents make more informed decisions about where to live, as well as providing rental operators and developers with a powerful research and marketing tool to help them better understand their residents' experiences," Rightmove said.

The company's data platform, HomeViews Pro, is also used by the build to rent industry to better understand resident experiences and trends across the sector.

Chief executive Johan Svanstrom said: "The HomeViews team has built an impressive platform that gives consumers additional useful information to make decisions. It also provides valuable feedback for industry operators, especially in the build to rent sector, which is an exciting and fast-growing segment of the UK property market.

[juan2many] 16/1/2024 16:48

Top of the fallers is Rightmove PLC (LSE:RMV), down 4.9%, hit by a downgrade by JPMorgan.

The investment bank has downgraded the online property website to ‘underperform’ from ‘neutral’;.

It pointed out that Rightmove’s share price has recovered fully after falling in the wake of CoStar’s acquisition of OnThe Market.

It noted this has been driven by better-than-anticipated property market dynamics/falling rates and a consensus view of rather limited impact of the new challenger.

But JPM argue that requirements for permanent best-inclass tech and consumer experience are rising, prompting higher R&D and opex spend.

It estimates top line growth is broadly in line with consensus, but sees downside risk to profitability.

With that, Rightmove is likely to generate a below-sector-average 7% growth in EBITDA between 2024-26.