Rightmove Share Discussion Threads

[onjohn] 30/7/2014 08:31

Head and shoulders on chart doesnt bode very well

[quepassa] 30/7/2014 08:13

Good figures.
Excellent dividend increase.
Reconfirm positive outlook.

ALL IMO. DYOR.
QP

[cockneyrebel] 30/7/2014 08:12

Often takes time to get going - then when it goes it goes imo :-)

CR

[cockneyrebel] 30/7/2014 07:37

Those results are pure class imo - these are off just because punters have been selling everything imo, not selling with any rationale

Adjusted eps up 24%, basic eps up 38%.

Record page impressions, enquiries up 27% - an estate agent has to go with Rightmove imo.

Zoopla is a boring site to use, it looks carp, no streetview, no Draw a Search.

Just search Oxford - Zoopla finds 587 properties, Rightmove find 840 - you get all of Zoopla's practically and 50% more. Rightmove now doing instant alerts.

If Zoopla want to do all of that they need to invest - which means eating into margins. Or they can keep the short term profits higher but stay second best by a mile imo.

All imo/dyor etc

CR

[dasv] 30/7/2014 07:06

half year report - it's a beat on profit and a meet on revenue from my brief reading.

Revenue up 20% to £80.4m (2013: £67.2m)
· Underlying operating profit(1) up 22% to £59.6m (2013: £49.0m)

They keep milking their advertisers harder:-

Average revenue per advertiser(2) up 13% to £671 per month (2013: £593)

[greatgatsby] 29/7/2014 20:05

Good piece on possible merger with Zoopla in tonight's evening standard

[kitbag1984] 29/7/2014 16:02

That is true toffeeman and it is a good advantage of Zoopla. However where they fall down with is their interface IMHO. Apple have proved that when you make something easy to use then people will use it. Zoopla still seeks messy to me. I think the price rise today may be anticipated buy out or merger (with who I'm not sure). Stil a great stock to own. I just wish they would grow overseas. The share price would rocket then.

[toffeeman] 29/7/2014 15:19

CR - the massive advantage of Zoopla is that it gives you a list of sale prices in the streets in which you are interested - it also gives you price change history on houses for sale along with dates of changes.

[wanttowin] 29/7/2014 13:09

Getting a nice clip on now !

[quepassa] 29/7/2014 11:09

Whilst you don't look at Zoopla, many people do. And Zoopla are undeniably there. And they are no.2. with a constant figure of 1 million+ property listings.

I also favour and prefer RMV but do not and cannot deny the existence of Zoopla which has recently listed, or its strong following. Even a cursory look at the objective industry figures for Zoopla would indicate a very credible counter-view to the last sentence in your post.

This is an extract from a May 2014 article on Zoopla from well-regarded Property Industry Eye:-

"It had 19,239 advertisers, up from 17,803. There were on average 39.9m monthly visits to Zoopla, up from 29m.

However, the number of property listings barely changed over the year – 1,097,000 at March 31, compared with 1,064,000 on the same date last year."




Zoopla is bigger and more important than some may believe. But RMV is currently the clear number 1 but facing increasing competition headwinds- which is one of the reasons contributing to price weakness.

Anyway, who knows but maybe both RMV and Zoopla may or may not be swallowed up by the mighty Zillow in years to come!! ( +400% since I first mentioned them on this board last year ).

Good luck to all whether you are placing up or down bets for tomorrow.


ALL IMO. DYOR.
QP

[kitbag1984] 29/7/2014 11:09

Anyone know why the rise today? Hope the chap with a short placed a good stop!

[mike24] 29/7/2014 10:28

investors might want to sit tight but
2289 good enough for me,from 2060
asking a lot to spike higher

just feel there will be words of caution thrown in tomorrow,
nai

[cockneyrebel] 29/7/2014 10:16

I think just sentiment myself QuePassa.

Do I look at property on Zoopla? Never. And why would I when virtually all the property on thee are on rightmove and more? It doesn't have Street View, a massive negative - on Rightmove I can go and have a look at the house and the arer and virtually drive around the place with Street View.

Ask an agent - does he feel he has to be on Zoopla? No. Does her have to be on Rightmove? Yes - anyone selling a house asks if it's going on Rightmove usually.

All imo/dyor etc.

CR

[quepassa] 28/7/2014 18:33

Great company. I like Rightmove a lot.
But the share doesn't "feel right" or seem buoyant at the moment.
Personally, I think that Zoopla has taken some interest away from Rightmove and that investors have diversified their holdings across two similar UK real estate portals.
This is no longer the monopoly share for the sector if you want to buy a UK online estate agency listing business.

My guess is that RMV figures will be strong. Agreed that the UK property market remains strong.

If you add together the mkt caps of Rightmove and Zoopla it is £3.2billion. (£2,2bn + £1bn). Before Zoopla came along, Rightmove alone had reached about £2.8bn.

The market works in funny ways. It was "convenient" that Rightmove had raced ahead so much as it allowed a higher valuation multiple for the Zoopla flotation. Make of that what you will.

Since Zoopla floated, Rightmove has regressed significantly. But Zoopla is +10% since flotation.

It would not surprise me if Rightmove significantly boosted its dividend which will help. - If there is any weakness in RMV's figures or its trading outlook
(which I doubt and sincerely hope not), it will impact.

Likely big move in this share upon interims' release. You pay your money and take your chances whether it's red or black.

ALL IMO. DYOR.
QP


ps. Zillow t/o of Trulia confirmed. All share/no cash. - There seems little doubt who the clear Number 1 USA portal will now be. Now up another 2% at $162

[cockneyrebel] 28/7/2014 17:26

£6 off the recent high - Id say the market has priced in some bad news and if there isn't any then perhaps it will do what HWDN did last week.

Nothing I've seen tells me property sales are weakening imoi.

PE of 22 for a co with first mover advantage, market dominance and the first place house hunters go imo.

5 yr eps growth:

26.5p, 34.5p, 43p, 59.5p, 72.7p and 90p+ forecast this year.

A Jim Slater Zulu type stock imo, where earnings will have risen 200% in 5 yrs - that is astonishing consistent performance and the stock should be on a rating over 30 for that performance imo.

Have a tight stop on your short imo.

CR

[onjohn] 28/7/2014 16:08

RMV interims weds, opened a wee short here

any caution expressed then and could see 15 squid on that chart

[bartolozzif] 28/7/2014 11:05

Bank of England warns housing market boom may turn to crash
Toughest warning yet from Bank about rising property prices, as one in 15 London homes now sell for £1m or more
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Larry Elliott, Hilary Osborne and Rupert Jones
The Guardian, Thursday 1 May 2014 21.45 BST
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Bank of England warns housing boom may turn to crash
Nationwide's latest house price index showed the average house price in the UK is now £183,577. Photograph: John Stillwell/PA
Britain's booming housing market could be heading for a fresh crash, the Bank of England said in its toughest warning yet about the dangers of the return of rapidly rising property prices.

Sir Jon Cunliffe, Threadneedle Street's deputy governor for financial stability, said it would be dangerous to ignore the momentum apparent across the country and dropped strong hints of new measures to slow down the market in the months ahead.

On a day when it emerged that one in 15 London homes are now selling for £1m or more, Cunliffe said Britain had a history of booms turning to bust. "This is a movie that has been seen more than once in the UK."

The Bank's deputy governor said that there were always risks to financial stability "blinking on the dashboard" but made clear his concern about the possibility that borrowers taking on large mortgages could find themselves in trouble when interest rates inevitably rose.

"The growing momentum in the market is now in my view the brightest light on that dashboard", Cunliffe said. "It has not yet been accompanied by a substantial increase in aggregate mortgage debt, though gross mortgage lending is growing and there are signs that debts are becoming more concentrated."

Cunliffe said the housing market could have a "soft landing" as houses became less affordable and lenders tightened up the conditions for granting homes loans. "But other outcomes are very possible and the financial policy committee [FPC] will need be both vigilant and ready to act."

He said the risk was of "a major overshoot in prices and buildup in debt followed by a sharp correction with negative equity and an overhang of debt for many households", adding: "Unfortunately, there are more precedents in UK for periods of a rapidly growing housing market to end in this way."

The FPC was set up by George Osborne with a view to preventing the economy being destabilised by the sort of asset price bubbles that emerged before the crash of 2007-08. Cunliffe said the decision about what to do about the growing momentum would be its top priority in the months ahead.

Figures from the Nationwide building society showed annual house price inflation at a seven-year high of 10.9%. Cunliffe said: "There is good reason to believe that a ... combination of strong demand, weak supply and expectations of a rising market could lead to a period of sustained and very powerful pressure on house prices in the UK."

Earlier this week, Threadneedle Street announced stringent stress tests designed to ensure that lenders could absorb a 35% drop in house prices, a fall that would be unprecedented in the UK. Cunliffe said the Bank was worried that more and more people were getting into debt that could pose a risk to the economy's year-long recovery.

"Given their sensitivity to a change in economic conditions, a long tail of highly indebted households could represent a vulnerability for both the banks and the economy. The data suggest that the size of this tail is increasing."

[quepassa] 25/7/2014 23:06

Zillow up another 9% today at new all-time high of $159.

ALL IMO. DYOR.
QP

[toffeeman] 25/7/2014 20:26

Try actually USING the site to locate a property in which you are interested and compare the experience with Rmoove or zpla

I am more than happy for QP to consider me moronic

[quepassa] 25/7/2014 18:01

April 29th 2014.

Sarasotahomestore doesn't get a mention. Zillow Sweeps Webby Real Estate Category for 2nd Year in a Row for best website.

When you say the Zillow website is sh1t, you further demonstrate that you just do not know what you are saying.

From 12,000 entries and 2million votes, Zillow was awarded the Best Website in the real estate category by Webby for the second year running. - Webby is considered "the People's Voice" not just some panel of industry judges.

See attached link:-



You do make yourself look very foolish. Or do you perhaps still use Windows '98 which can't cope with the Zillow website functionality?

ALL IMO. DYOR.
QP

[toffeeman] 25/7/2014 15:33

OK QP - I bow to your evidently superior knowledge and the fact that I don't know what I am talking about.

Zillow is still a sh1t website though

[quepassa] 25/7/2014 07:38

Cannot rule out that the M&A activity in the USA for online real estate portals won't also be evidenced amongst the UK players at some point.

More sector back-drop on the likely Zillow- Trulia takeover. The first link is a Bloomberg video. The second link is an article:-





ALL IMO. DYOR.
QP

[quepassa] 24/7/2014 23:09

It appears you don't understand Zillow and how they are rolling out nationwide.

How many listings does sarasotahomestore have outside Sarasota is the question to consider.

These little local real estate portals in the USA - of which there are many- are systematically being crushed by the new nationwide portals.

That is what is happening. The game-changer. Why a Seattle-based company is nuking the competition because of size, dominance and nationwide reach compared to the tiny local players.

The USA market was localised and highly fragmented. . The local players are going to be toast, if they are not already.

Eighty-three million unique monthly Zillow users are unlikely to be wrong about the functionality of Zillow.

Sorry to say it, but you haven't got a clue what you are talking about.

ALL IMO. DYOR.
QP

[toffeeman] 24/7/2014 22:22

Have you ever actually tried to use Zillow QP?

IMO It is about as useful as a pork pie at a barmitzvah

-very poor functionality
- very low coverage of properties for sale

so if you use Zillow to find homes for sale on anna Maria Island above $1.5m it lists 17 whereas Sarasotahomestore.com has 36 listings