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RMV Rightmove Plc

560.00
-8.00 (-1.41%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  -8.00 -1.41% 560.00 3,958,991 16:35:08
Bid Price Offer Price High Price Low Price Open Price
561.20 561.80 594.00 558.00 582.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising Agencies 364.32M 199.15M 0.2485 22.59 4.55B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:05:41 O 2,000 560.00 GBX

Rightmove (RMV) Latest News (12)

Rightmove (RMV) Discussions and Chat

Rightmove Forums and Chat

Date Time Title Posts
26/7/202407:50Rightmove - the right move to the property ladder2,720
18/8/202012:27Rightmove? Downward ladder...7
23/6/200913:27os-
16/5/200819:00rightmove-
20/2/200800:32Are CGT Changes Brown's Double MIRAS Abolition?21

Add a New Thread

Rightmove (RMV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 16:05:41560.002,00011,200.00O
2024-07-26 15:47:02562.937,06939,793.24O
2024-07-26 15:36:02560.00275,0001,540,000.00O
2024-07-26 15:35:08560.0047,393265,400.80O
2024-07-26 15:35:08560.001,096,1286,138,316.80UT

Rightmove (RMV) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Rightmove Daily Update
Rightmove Plc is listed in the Advertising Agencies sector of the London Stock Exchange with ticker RMV. The last closing price for Rightmove was 568p.
Rightmove currently has 801,360,422 shares in issue. The market capitalisation of Rightmove is £4,498,837,409.
Rightmove has a price to earnings ratio (PE ratio) of 22.59.
This morning RMV shares opened at 582p
Posted at 13/5/2024 08:58 by undervaluedassets
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.
Posted at 12/5/2024 12:37 by juan2many
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
Posted at 08/5/2024 10:25 by weemonkey
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
Posted at 08/5/2024 09:00 by undervaluedassets
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
Posted at 28/3/2024 06:57 by helpaargh
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.
Posted at 04/3/2024 06:19 by weemonkey
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.
Posted at 16/1/2024 16:48 by juan2many
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.
Posted at 19/10/2023 08:32 by sandeep67
on the market news of massive challenge to rmv
Posted at 10/8/2023 07:24 by johnrxx99
When you look at the FTSE all share index, RMV comes top in ROCE, CROCI and margin over one, three and 10 years. It is the highest quality stock in the market.

It probably won't grow as quickly as in the past but as they say, as safe as houses.
Posted at 09/8/2023 12:11 by undervaluedassets
Toffee, even if some agents go bust it is an irrelevance as the houses will be sold through other agents who will inevitably use Rightmove.

The 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.
Rightmove share price data is direct from the London Stock Exchange

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