Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yes, very encouraging. Like the fact that OTMP has over 700 agents exclusive to them . I've recent bought a flat and used online portals extensively. I found that i did need to use all 3 to get full coverage as none were showing more than 80% of the available properties.
I've always said that OTMP are not competing head on with Zoopla and RM but to be used alongside them. The exclusivity is essential in this aspect
Very good presentation on proactive investors last night. OTMP under the leadership of Jason has a real chance now to definitely established top 3 slot but also potentially challenge the top 2 portals. Considering Booming raised money at £100m valuation this share presents incredible value imo.
CEO new interview on V O X markets today.
Progress continues - looking forward to the YE figures on 8th June, especially progress since YE
incredible. Over 200 agents signed up in the last 10 days. Serious progress.
Get these signed onto full paying contracts after the introduction period and revenue growth is almost guaranteed.
New CEO is adding value and making great progress
https://twitter.com/jasontebb/status/1397891014497550341?s=21
Ignore my message sorry wrong share
Its not often that you can say that you had a great day at the Gym and gained a few Ibs
Under two weeks to go for results and I am seeing lots of sells but the price is going up.
I'll be disapointed if it does not go above £1.50 in June
SP moving in the right direction. OTMP is a great opportunity to diversify your portfolio. Bring on the blockbusting results!
Finger crossed Great results
Nice to see this bouncing back abit from the bearish support at 80p .. looking better towards results in two weeks which we know are set to be at least good..
https://twitter.com/jasontebb?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
wow 66 new estate agents signed up in the last week or so. Usually this is c20 a week, so new CEO is making progress.
Hopefully financials are as healthy.
Agree it's not the number of agents but more the average revenue per agent that's important. Key points I find interesting:
- 700 estate agencies currently list exclusively with OTM.
- Jan 2020 results: They had 8k branches on paying contract's. I assume 4.5k were on reduced/intro contracts given they had total 12.5k branches listed. So sizable opportunity for growth.
- They are 65% agent owned. General agent distaste for RM.
For me OTM were fighting a losing battle unless they acknowledged they need to continue to innovate on their agent and customer product offering and more importantly established strong relationship with agents to gain their trust and support for the strategy ahead. This is critically important to ensure existing agents pay a reasonable fee and those on introduction contracts convert.
Since Jason took over as CEO I've been very impressed with every move taken to date.
- Holding regular town halls with agents to listen and take onboard their feedback. After all this is their portal.
- Product development strategy based on the needs of agents.
- Acquiring Glanty/teclet to rollout in-house automated lettings platform to agent's.
- Establishing proptech partnerships to offer additional product and services to agents to improve their operations.
Ultimately I'm getting the feeling agents are willing to give OTM another chance to take meaningful market share from RM given RM are absolutely rinsing agent's and charging way too much. To me it feels like the industry in general is desperate for a portal that's on their side, charges reasonable fee and offers practical solutions they and customers need.
Boomin came to the market and raised cash at £100m valuation. They are starting from zero and have very limited brand awareness. Will take significant investment to get to where OTM is imo. For me with OTMP at £64m market cap I'm willing to back those horse given their current market position and especially after seeing the progress and agent engagement Jason has made since joining.
Let's see how over time this translates to more agents converting to full contract and how much revenue they generate from additional product and services they begin to offer to their agent community.
In 2020 RM generated £135m operating profit from £206m revenue. Their average revenue per customer is over £1100 vs ~£130 with OTMP. That's a lot of meat on that RM bone for OTMP to bite into.
They are heavily discounting to get the numbers up.
Not knocking the strategy, but as long as people are aware.
Just announced 66 agents joined last week. Very impressed with Jason's ability engaging with agents and the new direction of travel here. Looks forward to their progress, taken a position here.
is awful.... However, this can be a positive when the buyers arrive! Really liking this stock... they must be doing the best they've ever done and yet the SP is stagnant. The UK property market is going through a major boom period.
The results in June should come with a trading update.
IMHO, the results and trading update should be really good.
Otherwise I am outta here.
i think we need some 2021 news to kick start things. Q1 (Feb to Apr) is now almost complete and the house market is buzzing so this should reflect in a good performance for OTMP.
YE financials are due on 8th June, it would be nice if we received a trading update before then.
In the last 2 months of financial year (Dec to Jan) total profit for year increased by £800k (£2.3m from £1.5m). If this momentum has continued into 2021, and all the pointers are that it has, then the next trading update should be very positive.
Lol that some amateur YouTube trader can impact OTMP share price... annoying but this looks very good to me at 90 pence
One of the people on the Justin Waite weekend podcast said he had sold at a 10 percent loss and that there's to much competition in the space. A few of his followers have most likely sold.
https://uk.trustpilot.com/review/boomin.com
What’s hitting this share, doesn’t want to break up.. gets a spike after pod cast news but beyond that dips back each time !
another interview by the new CEO on V O X. Interviewer was quite tough and he handles it quite well.
This link almost ceetainly won't work - the xxx will be www.v o x markets. co. uk
https://www.**********.co.uk/articles/jason-tebb-ceo-of-onthemarket-com-speaks-to-peter-knight-founder-of-property-academy-633f0b1/
xxxxxxx is V O X markets BTW - LSE treats it as a swear word!!!
Good timing - about time this ticked up. RSI was under 30 last week so in oversold territory.
Good to see the CEO on ********** last week - hopefully the start of more PR and updates tot he market.
The house market seems to be very healthy at the moment so hopefully a Q1 update in early May (for Feb to April) should be positive.
Thought I'd add some of these to my share portfolio along with Purple Bricks and Foxtons.
Hopefully will add some value to the pension pot mid-long term.
GLA ATB