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RMV Rightmove Plc

596.40
-0.80 (-0.13%)
Last Updated: 10:58:34
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
  -0.80 -0.13% 596.40 142,872 10:58:34
Bid Price Offer Price High Price Low Price Open Price
596.00 596.40 600.40 594.60 599.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising Agencies 364.32M 199.15M 0.2525 23.66 4.71B
Last Trade Time Trade Type Trade Size Trade Price Currency
10:59:40 O 32 596.2853 GBX

Rightmove (RMV) Latest News

Rightmove (RMV) Discussions and Chat

Rightmove Forums and Chat

Date Time Title Posts
14/11/202412:44Rightmove - the right move to the property ladder2,774
18/8/202011:27Rightmove? Downward ladder...7
23/6/200912:27os-
16/5/200818:00rightmove-
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
10:59:41596.2932190.81O
10:58:27596.404472,665.91AT
10:58:27596.402701,610.28AT
10:58:27596.40137817.07AT
10:58:27596.40132787.25AT

Rightmove (RMV) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 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 597.20p.
Rightmove currently has 788,750,604 shares in issue. The market capitalisation of Rightmove is £4,711,996,108.
Rightmove has a price to earnings ratio (PE ratio) of 23.66.
This morning RMV shares opened at 599.20p
Posted at 12/11/2024 14:53 by tonybaloni
Makes a change from falling in a rising market, nice to see the share buy backs up and running again.
Posted at 30/9/2024 08:18 by undervaluedassets
It is worth a fortune.

No one has metrics like these:-

ROCE: 333
operating margin 70%
Grown free cash flow every year apart from the pandemic year.
Bought back nearly 30% of its own stock.
Has a virtual monopoly of housing search eyeballs (85% of all housing online searches)
dividend increase by 1500% since 2006
No debt.
No expensive moving parts
just a few computers and some very clever people

It is a cash machine that has been neglected for the last 4 years for unfathomable reasons

If there was one stock I would like to own outright in the UK, it is RMV.

No, Rupert it is not enough. I want the bid to go away. At £10 it would still be a bargain.

If the bid goes through Rupert gets the golden goose and UK investors get a few pieces of silver.

trades on a PE multiple that is a fraction of the PE of the purchaser (REA pe 93!)
Posted at 28/9/2024 09:46 by saltaire111
I’m sure the RMV board will grant an extension, expect an rns on Monday confirming such.
Posted at 26/9/2024 21:57 by stantini
Is Rightmove another wounded digital dinosaur?

Can you further monetise Rightmove without alienating your agent clients?

Rightmove faces the same existential problem that all portals face, they are a digital advertising billboard, but the second a portal wants to maximise its profits and offer property services it robs its clients of revenue. For example, agents are losing the first bite of the cherry when new applicants register for financial services via a portal upstream of being passed to an agent who listed inventory to capture that new sales lead, and all of the rich data that portals gain is being sold off through the backdoor with none of the revenue going back in the fiscal hopper to the client agents.

On one level the data rich playground of Rightmove and all portals could go full throttle, but the more they encroach and offer agency services, the more they alienate and choke off the income of their clients. Rightmove’s biggest problem is that it charges far too much for far to little, in comparison Zoopla and OTM charge far too little given the level of ‘new’ services being rolled out.

To my mind realestate is speeding up so quickly, playing out across a background of digital transformation that the tech savvy and hungry client will soon be ‘doing’ property operations themselves aided by technology, the last refuge for estate agents is that they hold the prize – the inventory – the property asset that the buyers and tenants need, without this would the public interact with agents given the slowness of service in a digital age – unlikely – and the moment the public can do property themselves, self list and self sell and let, well that glittering inventory no longer needs to be listed on property portals owned by the Murdoch family.

The evolution of agency marches hand in hand with the tech led fourth industrial revolution that is touching all of our lives, it may be dystopian and shaped by a handful of people, but it is coming, ready or not.

Have you ever wondered why Rightmove has failed to change its UX in any significant way? For millions of people who search for property they are using the same outdated filters that belong to 20 years ago, price, bedrooms, postcode, yet when the modern generation digitally graze for other goods and services on other commercial sites, these modern digital purveyors race towards the needs of their potential client, upselling and seeming to guess every want and need of a paying client.

Rightmove has not re-invented itself, and its perceived arrogance – remember the ‘Say no to Rightmove’ movement that gained huge traction in a few days back in 2020, was the first warning that Rightmove was out of step, and needed to stop buying back its shares and paying large dividends, and instead get back to some R&D. Innovation that adds value to the offering rather than charging more for the same should have been the c-suite strategy.

Whichever way the present REA group possible acquisition ends up, in many ways Rightmove has like Countrywide PLC before its assets were bought by the Connells group, become a ‘wounded dinosaur who failed to digitally transform its operations.’

Countrywide PLC was of course a huge multi-dimensional property services company, but it ran a lumbering analogue business, thinking itself to be a property business, rather than a data and digital company. Ironically, Rightmove is one of the very first proptechs (propterty technology) behemoths, so its DNA is very much data, but in a quarter of a century it is now finds itself set in digital aspic, unable to move quickly, and when the CoStar Group meteorite hit, it was counting its 70% profits rather than building an effective moat to stop opportunists like the Murdoch family. (3rd Sept)
Posted at 25/9/2024 21:18 by growthpotential
Already lost out on this hideous HL buyout, I'm called RMV are rejecting this, so we should!
Posted at 02/9/2024 10:53 by weemonkey
"Peel Hunt analysts said Rightmove's trading price to earnings ratio made it one of the cheapest publicly listed classified groups in Europe."

Yup..
Posted at 02/9/2024 10:40 by undervaluedassets
Average PER for this stock over the last 10 years has been 30

That would give us a price of 784p

Not sure that the market has got this right at all at 680p.. It is not enough.

Esp as RMV has 84% of the UK search property market

Frankly I hope the bid goes away.
Posted at 02/9/2024 07:31 by undervaluedassets
the purchaser has a pe in the the 50's

RMV pe 21.

they know they are picking up growth on the cheap
Posted at 02/9/2024 07:20 by weemonkey
Agreed. RMV has been unloved/underappreciated for nearly 4 years now.

Of course they are going to get snapped up.

Have the largest moat in the uk and operating margins of near 50%.

the website is used to the exclusion of every other when looking for a house
Posted at 13/5/2024 07:58 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.
Rightmove share price data is direct from the London Stock Exchange

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