Rightmove Share Discussion Threads

[1 pound here we come] 25/3/2020 14:40

Of course not!

[tradeforce] 25/3/2020 14:37

Ah! Maybe so, but perhaps he is not as smart as I thought he was!

[toffeeman] 25/3/2020 14:32

I think the insane American holder in CPR was Bill Gates!! - NOT extremely poor.

[tradeforce] 25/3/2020 14:30

Likewise Toffee, I got burned badly with CPR many moons ago, had made some fantastic gains with NLR Neteller and thought this spread betting is a doddle, but gave alot back with CPR and is insane american holders(who must now be extremely poor!).

Havent tride since until my toe in the water here, and instantly burned by stupidity..

Il try another £10pp and see where we go now...

The only other I want to try is OCDO, which is perhaps the most insane stock on the LSE, if not the world!!! But that is perhaps for another day....

[1 pound here we come] 25/3/2020 13:27

Well it certainly hasn't simply fallen in a straight line yet. More swings are to be expected.

The entry point is critical.

[toffeeman] 25/3/2020 13:19

My two worst shorting experiences were CPR and this a while back, I knew I was right on CPR but did not have the margin or bottle to see it through.

[tradeforce] 25/3/2020 13:02

My thoughts exactly, after the earlier message about my daughters office, the shut the lot yesterday, so I too out a small short with a 30 point stop thinking it would tank, but madly rose and took me out for £400.

Scared to have another go as this is totally irrational....

[1 pound here we come] 25/3/2020 11:11

Lockdown = no viewings..

= no point in rightmove.

Certainly no point in paying their subs.

[1 pound here we come] 25/3/2020 07:59

More bounce with the market probably this morning.

[1 pound here we come] 24/3/2020 11:24

Chart says it's heading to 1 pound. Take a look..

You can Short it using IG or similar. As simple as going Long.

[tradeforce] 24/3/2020 10:56

And yet the price goes up!

I would like to short( not that I agree with the practice, and feel loathed to make money from the virus) but this share, like ocdo, has a life of its own.

[1 pound here we come] 24/3/2020 10:42

Which is many months away yet. Years probably, or when we can all be vaccinated.

[1giraffetrader] 24/3/2020 10:17

I agree tradeforce. To be fair to them Rightmove have had a good run over the past few years and done a great job for shareholders (I am not one of them) however they have run out of road and their greed has finally got the better of them. How they have managed to charge agents so much money per month for uploading a few images, text and floorplan to a website is beyond me. I can't believe how so many estate agents (one of which primary job is negotiating) have allowed RMV to rule them with an iron fist for so long. I have a background of working for a large corporate agency, quite a few years ago now, however we didn't really get involved with rightmove costs at branch level. I am led to believe there is an exodus of agents leaving Rightmove, I'm not sure how many... but the ones who stay are likely to see significantly increased fees once we are out of the covid-19 woods.

[1 pound here we come] 24/3/2020 09:04

Oh look darling, the country's in lock down - let's buy some shares in rightmove..

Well it's either them or easyjet dear..

Lol

[tradeforce] 24/3/2020 08:53

My daughter works for a local agent(quite large) They culled 200 of their staff yesterday and kept on 60 members(luckily daughter amongst them) . If that happens across the industry(or worse) I can see the fees being more like £50 a month not £2000, this is a nickle and dime operation trading on a ridiculous p/e especially now...

I remember back in the 1990's I was a mortgage broker, we had a program called "mortgage brain" and paid around £150 a month for that very basic service(just a monthly disc update), couple of years later all that information was available free, I see a similar thing happening here...

Worthless...

[1 pound here we come] 24/3/2020 08:35

How anyone can even think about buying this stock, with no viewings, is beyond me.

[jamesjjj] 23/3/2020 11:10

Michael taylor of shifting shares opened a short this morning on rightmove. His rationale" can see the 75% reduction in fees lasting longer as the property portals go to war. Viewings are down as nobody wants strangers in their houses. Sellers worried about buys not completing"

[1 pound here we come] 21/3/2020 20:28

No government bailout for this one.

[tradejunkie2] 21/3/2020 13:15

Waiting for much cheaper entry.....

Rightmove RNS:

"The speed of the slowdown in the UK housing market has been significant.
Notably the number of property transactions failing to complete in recent days
and likely changes in tenant behaviour following the announcement of the
renters' protections by the government may put further pressure on estate and
lettings agents. "

[growthpotential] 20/3/2020 09:24

Go ahead guys and short, you'll just be rocket fuel when this zooms back up

[growthpotential] 20/3/2020 09:18

Right, because all investors invest when time's are good and asset prices are already high?

[sdavis] 18/3/2020 12:22

Have to agree: £3.6bn mkt cap seems rather toppy in the current climate.

Who is going to view a house? Who is going to list a house? How many "chains" will collapse? Not a good time to be an Estate Agent, and hence revenues into Rightmove will take a massive hit.

[tarrant777] 18/3/2020 12:18

Thanks. I will.Dozens and dozens of estate agency companies cancelling their standing orders to Rightmove today and hundreds of REALLY aggressive angry comments in the trade press. Share price already off almost 20% with (possibly) much more to come unless the company does a u turn and tries to re-build bridges with it's customer base.