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Several months on, still such a wide spread in sp. Therefore really difficult share to hold, unless v v long term.
Wonder if exclusive members listing pay less in fees...
I have filed a couple of questions. Lets see if they come up.
Investor meets presentation next Tuesday, 19th Oct at 6pm. Free to sign up.
Recent interview on Vo x markets was quite bullish so hopefully CEO can keep the positive momentum going after a good week
Good, not spectacular. ?????
The next 18 months will be very important.
I have better prospects elsewhere i think for that time frame.
A really solid set of results IMHO.
Revenues up and profits (before exceptional items) considerably higher - expectations for the full year also slightly ahead of management expectations so H2 is also progressing well.
Cash is being well managed and no debt.
Only slight concern appears to be a drop in overall agents advertising which indicates that some are not being converted to payers after the initial free period.
loads of buying in anticipation of good results tomorrow - not. I trade today so far.
I'm expecting a decent set of numbers tomorrow. If marketing and IT costs have been carefully managed, hopefully both rev and EBITDA should show double digit growth
There is also the CRM SKIPA developed with Hunters.
Very good by all accounts. Now that TPFG have joined Hunters, they should also take that on.
Big improvements coming on with Teclet too.
So, not just a portal.
Should be good, more agents will be on full tariffs and we know plenty of new agents adding on the market.
Need good results.
https://twitter.com/jasontebb?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
from twitter CEO has been going around meeting estate agents. Furthermore 102 new agents signed up in the previous 10 days - very good number considering it is peak summer holiday period.
Looking forward to H1 numbers
can't post the link as it won't work but it appears the comms is being ramped up again. However, just noticed it is available via CEO's twitter
https://twitter.com/jasontebb?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
No new news and both Jan 2021 results and recent AGM numbers were repeated, however, a few little snippets of interest..
"really encouraged by 2021 trading", and "just starting a new phase of significant growth".
Roughly a month to go before release of H1 results..
a reasonably positive AGM statement today and it appears things are progressing nicely - advertisers up c5% and record number of website visitors (28m in June) etc.
Cash is down £1m to £9.7m from 31/1/21 but we did make the IT acquisition which cost c£1.5m , so all looks ok on that front.
If OTMP can continue converting discount offers into fully paying advertisers then the revenues should be growing nicely.
Looking forward to H1 numbers
Website hits looking good also, just shy of 25 million hits per month.
https://twitter.com/jasontebb?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
another 42 agents signed up - not quite the progress of the last month or so but still higher than last year when it was 20 or so every week.
Did anyone go to the investor presentation yesterday?
https://twitter.com/jasontebb/status/1402652801608650757
HI, it's via CEO, Jason Tebb, own twitter account - better than the OTMP one which is more of a marketing tool.
He's great BTW - message him and you will get an answer.
It was 139 estate agents too - i under reported it!!
130 agents sounds good, is this information online?
according to CEO another 130 plus agents signed up in the last 10 days. Was 200 for the previous 10 . Usually they seem to sign about 10 new agents per week so recent levels are impressive.
Just converting current agents from discounted rates to full payers should see double digit revenue growth over the next couple of years.
have always thought RM buying use would be a good hedge for them.
We are so small can't see any major competition issues (but WTFDIK) , although not sure our management and shareholders would appreciate the approach.
RM look like a Fevertree to me - did well being first into a growing market, but now saturated and high premium offering is not sustainable.
When your customers don't like you it can only go one way .
https://www.saynotorightmove.co.uk/
They are no longer having to advertise to maintain customer visits to the portal.
This means they have reached a level of conciousness with the house buying public and has taken five years to reach. Take note shareholders in Boomin. As the 4th portal, it will have an even bigger struggle.
This is a solid foundation to jump to the next level. Just needs proper support from the agents to tackle the Rightmove conumdrum.
yes good results, healthy cash position and 2021 progress appears on track.
Hell- OTMP announced these results (unaudited) back in Feb BTW, so no great surprises today, but always good to see them officially announced
This is a ground breaking news, important milestone for a company that is still early in its journey as a mature start-up!