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https://thenegotiator.co.uk/cubix-action-group/
This doesn't sound good trying to blackmail estate agents to rejoin. Time for a change of regime
Yes -major dilution as they are enticing agents in with shares
The removal of Springett would do wonders for the SP Many of the original agents have been alienatedby his actions and won't be renewing
Preadator required !
Presumably this share price is somewhat manipulated by the fact that a large number of shares distributed to agents cannot be sold. As agents come out of these agreements I assume a lot more shares may be sold. I don't know what this means to the current SP, and how sustainable it is.
Yesterday's news was no worse than expected .No surprises that some of the early doors agents locked into expensive agreements who have stamped their feet are seeking parity with the attractive deals new entrants have been offeredMany are less than impressed with Springett full stop.Unhappy at the TV advertising and some willing to cut off their nose to spite their faces despite complaning bitterly about RM chargesSpringett has never struck me as someone who was seeking to stay long term and should think jump at the chance if a suitable offer was tabled Their website is user friendly ,a change in regime might do the trick in attracting more agents. I still haven't discounted Axel Springer jumping in -so happy to be invested
Whatprice I just like to say thank you very much for taking the time to advice us all on this share. You obviously don't hold any shares here, and yet still go out of your way to offer us all your sound advice and for no fee to boot. Do you have any horse racing tips as your the man in the know please.
Profit/break even?? Not in a million years for this group of wannabes income projections are just fantasy and anyone looking to invest needs serious councelling.
https://propertyindustryeye.com/onthemarket-expected-to-go-into-profit-in-2021-but-must-grow-at-astonishing-rate-between-now-and-then/#comments
Interesting article
However Springett has alineated a whole section of estate agents who are locked into agreements until 2020. Unlikely to be renewing unless he is off the premises as this comment reveals
"Having been stung to the core and shafted sideways by this mob I’m just waiting for them to pack up and fold.
Snakes and scoundrels out to make a mint for themselves at yet more expense for an already overstretched industry.
If you catch me on a good day I’ll tell you what I really think."
Huge sells and the price stays the same?
Looks like stake building going on to me.
From the "Strategy & Performance delivery update" presentation "Conversion begun and new agents being recruited to paying contracts".
Does this mean no more free trials? Branch numbers seem to be stuck at around 12,500. I'm wondering whether this is because they've stopped the free trials or whether they have at least for the time being peaked in terms of agents who are going to use them.
Good amount of leads coming through. They are not making the best of additional marketing. I will take up the new advertising options soon.
Very impressed with the final results today. We are making great progress and have over £10 million in the kitty.
Results on the 13th June
Anything below 100p must a goos buying op.
I am getting far more leads from OTM than Zoopla and almost as many as Rightmove.
Considering OTMP is valued at just £60m, and the others are billion £ companies, there must be huge upside.
Different news about new fee structure which hasnt gone down well with agents!
https://www.propertyindustryeye.com/onthemarket-launches-rightmove-look-alike-products-at-a-discount-and-only-for-paying-agents/
Tweet
"Done a valuation this afternoon up against PB, who apparently told the owner they will shortly be advertising on On The Market shortly. ????????!
10:08 AM - 19 Mar 2019
GoodBYE Rightmove I am Leaving as you bleed Our Industry dry
FEBRUARY 22, 2019 AT 12:10 #29
Rightmove.
I received my Annual Increase Letter today and I’m composing my “Farewell Letter” to Rightmove.
It was only a matter of time for a third portal with traction gaining on both Zoopla and Rightmove. The bad feeling against RM and strong support by the independent agencies will be OTMs winner. I don't know the full story but I did hear that the appeal failure against OTM by Connells Group could be significant and adds to the advertising war chest to get OTM well and truly of the runway.Up and away.
Todays bagger
Great RNS
Well they have now announced today they will accept online! LOL
Purplebricks here we come ?
https://www.propertyindustryeye.com/not-on-the-high-street-onthemarket-underlines-it-will-accept-agents-without-offices/
This fact had escaped me. A comment which appeared on EYE yesterday in the high street / non high street debate .OTMP shooting themselves in the foot?
"
I run a Letting Agency which doesn’t have a physical high street office and On The Market have turned down my application to join on that basis so I am interested to know how you have managed to stay with them as you appear to be in the same position ? This is the reason why Purplebricks , Doorsteps and the other onliners don’t advertise with On the Market."
.
Although maybe the tide is turning-this comment yesterday
"
I attended the ARLA Property Mark conference at Leeds today and many letting agents have already dumped RM to compensate for the fee ban and many others said they plan to follow suit. The general consensus was that they get most leads from the other portal and unlike vendors, landlords are not bothered which portal agents use as long as the property is let. So the fee ban will have an impact on RM profit."
https://www.propertyindustryeye.com/agents-anger-as-rightmove-puts-up-their-subscriptions-our-annual-slap-in-the-face/
Certainly hope so but it does seem RM think otherwise,turning the screw yet again.Lots of disgruntled agents have yet to vote with their feet and were very unimpressed with the advertising campaign
A rise in share price should come as no surprise. Where else in the marketplace is one player (in this case RM) so strong for so long without any real change in their benefit model to their customers. OTM is a cheaper option and agents are being squeezed by RM and need to survive in a tricky market.I imagine the recent court case gives some extra £££ in the pot for more profiling/exposure which has to be the next step.Emerging for sure.