Rightmove Share Discussion Threads

[superslickrick10] 20/7/2018 14:19

Even more strife ahead for Rightmove....

Simon Shinerock, the owner of the estate agencies leading trade magazine Estate agent Today and up until now, the most well known ardent critic of Onthemarket, today backs the challenger portal to Rightmove....

hxxps://www.estateagenttoday.co.uk/features/2018/7/onthemarket-vs-rightmove

Othemarket currently trading at some x45 less than Rightmove. Time to pick up some more cheap shares I think.

[superslickrick10] 16/7/2018 10:01

Potential strife down the track for rightmove? Many reports of many agents closing down due to a tough market as well as many dropping premium listings and cutting down to the bare bones on their Rightmove marketing:

hxxp://www.propertyindustryeye.com/challenging-times-for-rightmove-as-agents-could-quit-for-onthemarket-claim/

[trytotakeiteasy] 02/7/2018 12:25

Quarter of estate agents in financial distress

[typo56] 27/6/2018 09:06

RMV promoted to FTSE 100 tomorrow. Could be some volume at close today.

[quepassa] 05/6/2018 16:22

Zillow inc.

Going through the roof.

If you understand and like Rightmove, check out its big brother Zillow Inc across the pond.

In my view, Zillow will eventually become the go-to property portal of the global real estate market, just as Rightmove is the go-to of the UK.

ALL IMO. DYOR.
QP

[sandbank] 11/5/2018 10:32

I was intrigued by the following comment in the RNS:-

"The Board notes that a significant minority of votes were received against the re-election of our Chairman, Scott Forbes (resolution 6) and our Senior Independent Director, Peter Williams (resolution 9).

The Board seeks to ensure that each Director has time to meet the requirements of their role and is satisfied that all Directors have sufficient capacity to meet their commitments to Rightmove plc, including during periods when Rightmove or other commitments require greater than usual involvement from the Directors. We have consulted with a number of our shareholders and corresponded with proxy advisors over concerns raised about directors’ time commitments and will continue to engage with shareholders over the course of the year on this matter."

[toffeeman] 11/5/2018 09:29

Nah - not yet :)

[helpaargh] 11/5/2018 08:31

ZPG Bid @£4.90

[2cbg] 11/5/2018 08:27

Whoops - up 5% this morning! Hope you didn't short it.

[toffeeman] 09/5/2018 08:00

Hitting new highs - market for housing slowing - looking like a potential short to me!

[quepassa] 09/5/2018 06:36

As always with the share soc. NOTHING FOR FREE.

Lots of great sounding words but why not be honest and say UPFRONT that FULL MEMBERSHIP will cost £45.

QP

[sharesoc] 08/5/2018 23:08

There is a detailed report on Rightmove's recent AGM which can be found in our members area here:

To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here:

Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here:

[mr parker] 04/3/2018 22:47

23 February 2018

Chancellors Group of Estate Agents 50+ branches now listing properties at OnTheMarket.com in 5-year agreement

Main highlight being ;-

The growth in agent support for the OnTheMarket.com portal continues to accelerate, with the number of new listing agreements up from 81 in the first five days of trading on AIM to a total of 243 within the first ten days.

[mr parker] 04/3/2018 14:18

Early days Ragehammer! early days! rightmove formed in 2000, they know their days are limited which is why year after year prices go up.

The only reason it hasn't worked so far is because not every agent has committed. That day may still come. RMV recognise this.

What you fail to recognise is that print sells what they do, it sells their branding. Rightmove is simply selling their houses, something which they were able to do well before rightmove through conventional means!

[ragehammer] 04/3/2018 09:53

That's exactly what they tried with OnTheMarket. Result = total failure.

[sharesoc] 25/2/2018 18:23

There is a recent blog post on Rightmove's results available here:

[ragehammer] 13/2/2018 17:23

karlos885 - you couldn't be more wrong. RMV benefits from the network effect, which is hugely powerful. The "tangible" thing it provides is buyers! Ultimately that's what agents care about and that's why they pay up.

OnTheMarket has been a total dud. Might have low single digit market share vs. RMV's 75%+?

[karlos885] 13/2/2018 11:41

regehammer - rightmove doesn't even produce anything tangible for that cost. Rightmove needs agents more than rightmove needs agents if 75% left rightmove and started promoting another portal thats it game over rightmove. it was close with onthemarker I hear but what looked a I venture to help agents became more of money making venture thus agents were not willing to switch in their masses. Thats what I'm told anyway!

[ragehammer] 12/2/2018 08:53

Agents moan every year about RMV price increases and yet advertising on RMV is substantially cheaper than in the old days of newspapers. RMV ARPA is about £900, whereas RMV's estimate of what it was costing estate agents about £2,500 per month to advertise in newspapers back in 2007.

The proof is in the pudding. Agent complains, but what are they going to do? Pay up. In the case above they ditched RMV's competitors. You can't operate as an estate agent if you're not putting people's houses on RMV, sellers won't sign you up.

Estate agency is doing fine, it's a great businss to be in, even in a dampened housing market, which is why there are so many of them. Take agents' complaints with a pinch of salt IMO.

[karlos885] 11/2/2018 17:09

Buying in at peak prices here is dangerous, if agents are not doing so well, in long run this will impact rightmove.

[trewsa] 19/12/2017 16:20

13 days up in a row.What is going on?

[gargleblaster] 13/12/2017 23:55

New all time closing high today, so hopefully the shackles are broken. First mover advantage still a key factor imv. Onthemarket seem to be particularly late to the party, although they have big names behind them. Agree that Purplebricks may be a danger - but is it really likely that Estate Agents will no longer be around. They may have to reduce their commissions - but they are surely not going to reduce their possible avenues to sales - and RMV is a money spinner for most of them.

The rise today is almost certainly on the back of the fall in PURP, whose losses increased, although revenue was higher than expected. Might be best to have a foot in both camps!

[trytotakeiteasy] 27/9/2017 11:54

Tarrant777 - agree they really haven't tried to do anything overseas. However, the risk is that they could of taken their eye off the ball in the UK. They need to keep Zoopla and Onthemarket at bay. I think the risk here is that Rightmove prices its product at too high a level and customers go elsewhere.

An additional risk is that high pricing creates an opportunity for Amazon to come in and offer a low risk product. Alternatively we could see these virtual estate agents reduce the need for Rightmove. I.e. if Purplebricks became the dominant agent in the UK then people could just go to its website.

On balance I think Rightmove will continue to do well. The forecast P/E is becoming more attractive and if property transactions pickup in the UK the group should be well placed.

[tarrant777] 27/9/2017 11:43

This is undoubtedly one of the finest property portals in the world and is hugely profitable.The state of the UK housing market is largely irrelevant to Rightmove as it is a "must have" for any serious sales or letting agent and they have not been shy about increasing their charges year after year.One or two notes for concern however are the board's insularity in always promoting the CEO from within, which may be ok but smacks a bit of complacency and a failure to do anything for several years with their mountain of cash other than buy in their own shares, whilst Rightmove lookalikes have been created in almost every country in the world. Surely, a more dynamic Chairman and board would have increased shareholder value more by taking some strategic stakes in some of those businesses and helped them grow by leveraging Rightmove's tech and corporate know how. However, they have all become very rich on the back of the performance so probably feel completely relaxed-but in corporate history, nothing stays top dog for ever!!