Share Name Share Symbol Market Type Share ISIN Share Description
Rightmove Plc LSE:RMV London Ordinary Share GB00BGDT3G23 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 606.40 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
607.00 607.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 289.32 213.56 19.57 31.0 5,313
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 606.40 GBX

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Date Time Title Posts
21/9/202013:43Rightmove - the right move to the property ladder2,591
18/8/202011:27Rightmove? Downward ladder...7
20/2/200800:32Are CGT Changes Brown's Double MIRAS Abolition?21

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Rightmove (RMV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-11-26 16:25:07607.0072437.04AT
2020-11-26 16:25:07607.005283,204.96AT
2020-11-26 16:24:53607.201166.79AT
2020-11-26 16:24:53607.203922,380.22AT
2020-11-26 16:24:50607.204002,428.80AT
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Rightmove (RMV) Top Chat Posts

Rightmove Daily Update: Rightmove Plc is listed in the Media sector of the London Stock Exchange with ticker RMV. The last closing price for Rightmove was 606.40p.
Rightmove Plc has a 4 week average price of 596.80p and a 12 week average price of 581.40p.
The 1 year high share price is 708p while the 1 year low share price is currently 373.10p.
There are currently 876,101,235 shares in issue and the average daily traded volume is 2,083,416 shares. The market capitalisation of Rightmove Plc is £5,312,677,889.04.
rochdae: Time to short was early this year. Now the market is looking forward and the share price looking good. Got to be careful shorting good companies as I said before.
237gmoney: Results much better than expected here. 88% market share in the UK. No stopping this now.Revenue only 34% down. Was expecting it to be much worse and record viewing figures in June and July.The share price might be getting ahead of itself a bit but certainly the future is bright for RMV
tradeforce: Last years half year report below. That was with massive buyback program and a program to increase agency fees, at the time the share price was 554p (June 26th 2019) so actually less than todays price. is it likely the market really thinks this is worth more now than then??? Rightmove Plc Half-year Report 26/07/2019 7:00am UK Regulatory (RNS & others) TIDMRMV Embargoed until 07.00 on 26 July 2019 Half year results for the six months ended 30 June 2019 Financial highlights H1 2019 H1 2018 Change Revenue GBP143.9m GBP131.1m +10% Operating profit GBP108.2m GBP98.2m +10% Underlying operating profit(1) GBP111.0m GBP101.0m +10% Basic earnings per share(2) 9.9p 8.8p +12% Underlying basic earnings per share 10.2p 9.1p +12% (2)(3) Interim dividend(2) 2.8p 2.5p +12% * Revenue up 10% year on year driven by continued growth in our Agency and New Homes businesses * Underlying operating profit(1) and operating profit both up 10% * Underlying basic earnings per share(3) and basic earnings per share both up 12% * GBP54.0m (2018: GBP76.9m) cash returned to shareholders through dividends and share buybacks in the period * Interim dividend increased by 0.3p to 2.8p (2018: 2.5p(2)) per ordinary share, up 12% Operational Highlights * Average revenue per advertiser (ARPA) grew more strongly than anticipated, up GBP90 on the same period a year ago to GBP1,077(4) per month (2018: GBP987) * Membership numbers down 1% since the start of the year to 20,209 (31 December 2018: 20,454) reflecting a 3% decline in mainly low-stock Agency branches offset by strong growth in New Homes development numbers * Penetration of higher value Enhanced and Optimiser packages reached 35% of estate agency customers (2018: 27%) * Virtually the whole of the property market in one place with 1.1 million UK residential properties advertised on Rightmove, which is more than any other UK portal * Continued traffic growth with visits up 2% year on year, averaging nearly 141 million(5) visits per month driven by growth in mobile traffic. Time on site was flat year on year, averaging 1.1 billion(5) minutes per month * Progress with rental innovation. Version 2 of the Rightmove Tenant Passport launched and addition of tenant referencing capability with the agreement to acquire Van Mildert Landlord and Tenant Protection Guidance and outlook In the first half of the year we saw ARPA growth ahead of our expectations, as our customers took advantage of the exposure and efficiencies which Rightmove offers. The 4.6% drop in sales transactions year to date compared to 2018 and the lengthening of time to completion and therefore delay in short-term cash flows has disproportionately impacted some low-stock agents who have left the industry. The strong ARPA growth and a meaningful increase in the number of New Homes developments have offset the impact of a decline in branch numbers. We expect the second half to follow a similar pattern for both ARPA and low-stock branches, with development numbers stable. Rightmove's subscription advertising model, together with the strength of our proposition for both customers and consumers now and in the future, supports the Board's continued confidence in delivering its expectations for the full year. Peter Brooks-Johnson, Chief Executive Officer, said: "In the first half of 2019 home hunters visited Rightmove a record 845 million times. Home hunters continue to turn to Rightmove first to search and research properties in the only place you can see virtually the whole of the UK market. Our restless innovation delivers the fastest and easiest way to 'find your happy' from the 1.1 million UK residential properties on Rightmove. A 4.6% drop in transactions compared to 2018 has put pressure on some low-stock agency branches and created opportunity for others. We're focused on helping all our customers succeed by delivering the most significant and effective exposure for their properties and brands to compete to win home sale instructions and also by being the largest source of high quality leads. We've seen strong adoption of our new digital solutions and existing packages by new homes developers and agents as they recognise the value of the UK's largest property audience and Rightmove's unique data insight. We're looking forward to welcoming Van Mildert, a highly respected tenant referencing company, to the Rightmove family which will augment our Rightmove Tenant Passport in our quest to make renting a property faster, easier and more efficient for tenants, landlords, and agents alike."
uhound: I agree with the shorters on here. RMV's had it's best earning years for a while. Agents both sales and lettings are in trouble. Too many agents fighting for to little business and many will go under. This was an issue before the current crisis. Agents would pay anything to get on RMV, but that will change. RMV will have to drop the price it charges and it will lose business, so a double hit. Obviously lot's of people "Looking" on portal, but with a recession coming, job losses, credit drying up, mortgage criteria tightening, etc., people won't be able to move. Obviously share price is influenced by short term sentiment, but I see this stumbling at some point, maybe soon!
erogenous jones: I have dipped a toe in a little earlier today. Can we agree that RMV is the "go to" portal for buyers and sellers in the UK? And, I think we can; with that in mind, it becomes the "must be" place for agents to list properties both for sale and to rent. At the moment in the UK, only England is out of lockdown, though I expect the other countries to ease restrictions at the beginning of June. What is not known at this stage is the depth of the recession that the UK (and rest of the world) face as businesses begin to return to work. The furlough scheme has been extended until October, so I would not be surprised if those companies that return to work with say 20% workforce will not sweat their employees hard in an effort to retain business. This might allow additional staff to be removed from the furlough scheme. Sadly, not all businesses will survive and this in turn will impact on those furloughed or redundant. On the previous recessions I recall with some clarity (from the 1970's to 2008), the housing market lags the recession curve by 6 months. Of course this might mean some bad debts from estate agents going bust, but probably swollen by an increased number of listings for longer duration and with frequent change to prices. Presumably, the fee structure is such that RMV will benefit from both duration of listing, qty of properties available and fewer firms, losing the insolvent ones first and early? My hunch therefore is for a strong recovery in the share price that will build from increased listings rather than the affordability and desirability of residential property. Good luck to all.
237gmoney: Housing market reopens tomorrow. 450k trades currently held up by the lockdown can now go ahead.Rightmove should start to see business pick up again over the next few weeks.Basically the lockdown will only affect it for two months at most. Revenues will pick up now so hopefully the share price will too.
rochdae: There is no relationship between house prices or transactions and RMV's business model. The number of agents is a factor, I agree. But if you don't want to go bust you'll have to advertise on RMV as it's where jo public first gravitate towards. Plus people still need to rent, which is the other 50% of revenue... perhaps that will become more prominent. People gambling on the virus not the company. Just read the ft that viewings now returning in the market.
pstick: Interesting note from Jefferies from their call with the "Say No To Rightmove" Campaign The campaign's momentum is accelerating: Currently 1,350-1,450 owners, equal to 2,700 branches are signatories: 60-70 sign-up per day - line of sight on another 1,000 offices; the Acorn board has approved funding for the campaign - the team is now almost 8 full-time staff (4 in PR, 3 in admin, 1 hire coming in technology); trade press and word of mouth is driving awareness - the team has not proactively solicited support thus far; latest survey of members finds that 10% left RMV already, 71% will leave if there is no extension to the 75% fee suspension, 7% will leave no matter (just waiting to exit contract) and only 2% are happy. Sargent doesn't fear a lack of support from the corporate agents: The corporates have less to gain given they pay a significantly lower ARPA; they are "sympathetic to the end goal" but are unlikely to join the campaign; this won't kill the campaign - it is the 10-12k branches (c.65% of UK total) owned by <5 branch agents that are the lifeblood of the campaign; these agents are where Rightmove's economic land grab has been most viciously felt (some single branch agents are paying £3k per month to Rightmove, c.4x a large corporate); these agents are therefore comfortably >65% of Rightmove's revenue and have been looking for an "Agents Unite"-type organisation. Next steps? "Focus on the now": The campaign is using the 4-month period of 75% Rightmove fee suspension to build membership, learn agents' issues, institutionalise that feedback and decide on how to best deploy the collective power it has created. It is unlikely that a grand single act of disruption will take place (though a fee boycott was suggested by some agents, but not supported by Rob). The guiding principles are to: 1. Let agents be the agents of their own disruption; and 2. Tell Rightmove that agents "won't be bullied by a supplier". "Rightmove needs to change its business model": The current fight is a fight Sargent foresaw 10-years ago, mentioned to Rightmove even back then, and then did nothing to address (Acorn, paid RMV £488k in 2019 and has yet to give notice pending the end its current contract). Sargent believes the best path to a sustainable relationship between agent and portal is a more equitable pooling of risk (mentioning, inter alia, a "fee on success" model). The "cost per lead" value proposition that Rightmove "bangs us over the head with" isn't that relevant, especially not at £1,000 per month - the value-added functionality RMV highlights has "little credibility and the industry hates being charged for it". The sweetspot ARPA is £300-500 - but Sargent thinks the opportunities in data and advertising means a portal could thrive without charging the agent any fee.
tradeforce: rochdae, Normality? China? Those two words in the same sentence is an oxymoron!(2 sentences I know!). Like I said, the property market will not fly back into full swing, it has been teetering on a knife edge for years as it is, this was the straw(bale in fact) that will break its back. Recession is coming, of that there can be no doubt at all, and that spells doom for property. Agents will be failing left and right, and non will ever pay the fees being charged again. Rightmove is/was the to go-to portal because it has/had the most content. A soon as that switches the pricing power is lost, and with the attitude agents have toward RMV, once that worm turns it will be curtains IMO. 75% fee reduction, massive loss of agencies due to failure, massive lose due to poaching by competition, massive loss caused by disgruntled agents .... I see a falling share price...
rochdae: Yes … I remember shorting RMV is the depth of the last crisis. News got worse and worse and RMV's share price went up every day.. The virus stuff is what drove the share price from 700 to 400. Now it's looking past this crisis... Good news out of northern Italy, China, deaths slowing in the UK.. It's a time to buy this market... ftse up from 4800 to 5700 in just a week...
Rightmove share price data is direct from the London Stock Exchange
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