The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
No longer invested but fair play all things considered that is a pretty impressive performance and definitely still at the races
2 X RNS.
The appointnent of new CEO was expected and the issuing of preformance based options is fair enough.
The financial results RNS is very good given the general CoVid environment and reflects a company that is making excellent progress. In this respect I paticularly like the way that progress is being made alongside helping agents with reduced rates and a widely reported great service.
For me this is a share to buy, hold and forget. Then review the situation when it has 10+ bagged and possibly taken over the number one spot from its main its current main competitor. GLA.
With an encouraging trading update and a new Chief Executive in position, it’s no wonder property portal OnTheMarket is keeping its powder dry about what it believes will be industry changing initiatives.
New boss Jason Tebb is the first former estate agent to become chief executive of a listed property portal which is majority agent owned, so he can speak stakeholder language and he has insight into the technology that is pressing the buttons of consumers and shareholders alike.
Solid foundations have been laid for Tebb who starts his new job on the day investors learned that revenues and adjusted operating profit will be above market expectations for the current financial year. It’s up to him and his team to maintain those headlines.
Listen to Chief Financial Officer Clive Beattie talk about why OnTheMarket’s current trading is ahead of the expectations, what new chief executive Jason Tebb brings to the company and what is being kept under wraps for 2021.
https://total-market-solutions.com/2020/12/onthemarket_december-2020/
I thought I would take some profits yesterday and sold 1,000.
Typo, meant to sell 10,000, so very glad of the mistake :-)
Dunno, but a re-rating is well overdue.
Anybody know what is going on here?
Good number of buys today so far.
Shows that there is an appetite for the stock and the only way is up, Cash burn has gone.
Only good news coming.
It depends on location.
Zoopla is good in London but in Berkshire OTMP was far superior to Zoopla. Not just me, other agents confirmed this too.
In theory more leads should encourage more agents
Here is a comment by an agent on EYE today
"mmmm"
OCTOBER 14, 2020 AT 09:34
I use rightmove (paid), Z (paid) and OTM (free) and certainly won’t be paying for OTM when they come knocking I’m afraid. Decent volume on lettings but quality is dreadful which wastes a lot of our time. Sales I get the odd buyer from them but vast majority of deals come from rightmove or Z."
In the RNS.
"The litigation with Gascoigne Halman Limited and Connells Limited was settled in the period. Compensation received net of professional fees incurred was £1.0m (H1 19/20: £0.2m). Further details are set out in note 6."
thanks Sain-where is that figure stated?
Otmp not even harvesting extra income by banner adverts.
They should be concentrating on that too.
Otmp had about 90% of the leads of RM and 30% of the cost, last time I looked.
The only real threat is RM.
It took otmp 5 years to get here.
Bloomin is not in the game and everything to prove.
Hunters had x months free and now are paying customers.
Well potentially a big threat .
Never let any salient facts interfere with your view !
The problem OTMP have is according to the RNS is that currently there is a hefty proportion of their agents 2,399 are on a free lunch and a further 3,500 branches enjoying discounts . A huge part of their inventory at risk.
As we enter challenging months what is likely to happen when faced with the full whack ?
No doubt a Xmas TV advertising campaign being mooted to make a significant dent in the bank
The jury is out
So no real threat then.
Kosh
How much money do Bloomin have?
Well they are backed by the Bruces so if they get a bit squeezed Sporting Ken can sell a few of his racehorses
They will need deep pockets and a USP.
Well apparentally they have and have recruited an impressive team
Not on many peoples radar.
Well certainly on those that count - the estate agents who have been attending presentations by Boomin ' . The response has been "Purplebricks for agents " So if agents can swallow their pride and can get over the association with the Bruces they might grit their teeth and vote with their feet.
How it might affect OTMP really don't know but a clear and present dange.r Maybe OTMP a potential vehicle for the Bruces to get a lisiting?
Connells £1m -Certainly fattened the figures
RNS Fri 13th March 2020
Old news. just search on t'internet.
As this could materially affect the result do they not need to state how much was received from Connells-anyone know
How much money do Bloomin have?
They will need deep pockets and a USP.
Not on many peoples radar.
Well Connells were faced with a problem having acquired Gascoine - Pees and lost a court case so they would have been idiots not stumping up the cash
I should think the institutions will be keeping their powder dry until the formal launch of Boomin and watching closely to see if OTMP increase their agents inventory who are prepared to pay for the service
Now that cash burn is not an issue, the company will become more investable by the big institutions. That is the real goal.
Thank you connells for being idiots and giving otmp cash.
Market seems to like it but it isn't going to be easy converting those agents who enjoyed a free lunch into converting into paying customers .Some since July already voted with their feet The unknown quantity Boomin' about to launch
One thing is for sure they wont be recruiting Connells anytime soon who contributed £1m in compensation for the litigation
which boosted the figures