Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Almost all the estate agents are the same, trying to generate incomes not only from sellers.
Yes 1 million % but agents are fickle and will only jump over when success is proven so probably 2022
Is the launch of the new portal Boomin going to put pressure on Rightmove over the next few months?
The proposed marketing spend by the Bruce Brothers will surely have an impact here.
Any thoughts?
Find a decent estate agent then
We individuals pay a lot to estate agencies every time, and estate agencies pay a small annual fee to Rightmove, what a game! Last time I paid £6000.00 to the estate agency to just to secure my offer on a house, and they still wanted me to take a mortgage and home insurance through them. Anyway I made 20 times paper value in 2 years than I paid for that fee.
Hi all, a new article on Rightmove analysing the recent results and future outlook available on my website here: https://www.thetwentiestrader.com/post/are-rightmove-shares-worth-buying
Just curious, what evidence do you have to support this? Or is this a hunch?
All the best.
Fixed it. Browser issue.
Unable to use the map when looking at properties. Also any photos uploaded can not be viewed. This has gone on for 48 hours. I wonder when they will fix it.
Nice and steady. This will continue to rise to £8 before the end of the year.
Looking very good after that speech by Boris. Just topped up and also bought ishares global clean energy ETF, there’s gonna be massive spending on housing and clean energy in the UK
Nice to see this up 5.05% today, I bought in when the Stamp Duty announcement was made then was a tad surprised this didn’t move more in the days after. I can see more and more people moving house int he near future off the back of this announcement.
Well looking that way Spata, as their total visits was up 30% last month to over 80 million.
https://apple.news/AUakb-X3fTx6CWv4qn4yH9g
Coronavirus lockdown divorce spike could boost property sales by £9.3bn
Yes. Its turned into quite the defensive share am rather pleased with this. Only regret was not getting more shares! Seems to be a slight resistance at 600 but should break as stimulation of market occurs. Ill be happy for a sideways and slow upwards trend. And build resistance points along the way. Gla
Nice to see another steady rise this last month. I have property alerts from RMV for various areas, and have noticed a considerable increase in volume over the last week, now lockdown is easing. 981 new properties listed For sale in the last 7 days in North Yorkshire, big improvement. I think we could see another nice rise this next week, if it's not advertised on RM, it's really not worth advertising your home! Good luck everyone.
https://apple.news/AGJMb1IK8Sg6Xd4U6vtfNkQ
Roll on Monday....
f17dge....yes, 12% up, so very happy, but know it has a long way to go yet. I'm liking the steady rise each day, no crazy spikes which makes a change to other shares I'm in on AIM! This is certainly one to watch, but need to get in quick. Good lluck, off to bed.
Hey checkout. Hope you jumped in or have been in a while. Picking up nicely. The gamble you said you took should have a nice buffer now a little time has elapsed. GLA and stay safe.
Thanks f17dge, I bailed out of a fund in my SIPP I was a bit windy about, bought some more Fundsmith Equity, and a gamble on RMV, I've been in here before a few years ago and did OK, so thought I'd have another dabble. Looking forward to seeing what Boris has to say tonight, it better be worth it!
Goodluck with this checkout, I had got in too a little while ago to diversify my portfolio a touch. Fundatmentals look good, the rate limiting factor as with any UK stock at the moment will be what Boris says in a few hours. Even if house moving is off the cards a little while longer do not be too down beat, it will simply means more estate agents will have to fold in due course (saying with my buisness hat on and not in a shrewd way) meaning RMV as market leaders will get even more clout. Happy with everything so far. Stay safe all.
Now is the time to buy in to RMV. Lots of people have been waiting to advertise, this week will see the start of it I am thinking. Good luck to all holders, I have just bought in last Thursday.
Thanks Macminchus. This is the full note from Jefferies mentioned in the article, in case of interest to anyone.
The campaign's momentum is accelerating: Currently 1,350-1,450 owners, equal to 2,700 branches are signatories: 60-70 sign-up per day - line of sight on another 1,000 offices; the Acorn board has approved funding for the campaign - the team is now almost 8 full-time staff (4 in PR, 3 in admin, 1 hire coming in technology); trade press and word of mouth is driving awareness - the team has not proactively solicited support thus far; latest survey of members finds that 10% left RMV already, 71% will leave if there is no extension to the 75% fee suspension, 7% will leave no matter (just waiting to exit contract) and only 2% are happy.
Sargent doesn't fear a lack of support from the corporate agents: The corporates have less to gain given they pay a significantly lower ARPA; they are "sympathetic to the end goal" but are unlikely to join the campaign; this won't kill the campaign - it is the 10-12k branches (c.65% of UK total) owned by <5 branch agents that are the lifeblood of the campaign; these agents are where Rightmove's economic land grab has been most viciously felt (some single branch agents are paying £3k per month to Rightmove, c.4x a large corporate); these agents are therefore comfortably >65% of Rightmove's revenue and have been looking for an "Agents Unite"-type organisation.
Next steps? "Focus on the now": The campaign is using the 4-month period of 75% Rightmove fee suspension to build membership, learn agents' issues, institutionalise that feedback and decide on how to best deploy the collective power it has created. It is unlikely that a grand single act of disruption will take place (though a fee boycott was suggested by some agents, but not supported by Rob). The guiding principles are to: 1. Let agents be the agents of their own disruption; and 2. Tell Rightmove that agents "won't be bullied by a supplier".
"Rightmove needs to change its business model": The current fight is a fight Sargent foresaw 10-years ago, mentioned to Rightmove even back then, and then did nothing to address (Acorn, paid RMV £488k in 2019 and has yet to give notice pending the end its current contract). Sargent believes the best path to a sustainable relationship between agent and portal is a more equitable pooling of risk (mentioning, inter alia, a "fee on success" model). The "cost per lead" value proposition that Rightmove "bangs us over the head with" isn't that relevant, especially not at £1,000 per month - the value-added functionality RMV highlights has "little credibility and the industry hates being charged for it". The sweetspot ARPA is £300-500 - but Sargent thinks the opportunities in data and advertising means a portal could thrive without charging the agent any fee.
Opened a short position in rightmove.