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gaffy - there's possibly one or two on this board......
pbody - what sort of drop??!! This is a 1 to 10 share split, so the share price this morning is actually slightly higher than yesterday's close
with this sort of drop in the housing sales sector do you think we are looking at a market crash pre- cursor?
Boom - I disagree - after the 1 to 10 share split, today's price is actually higher than yesterday's close and not far behind where it was at the back end of July
You have done really well then today if you still got your short.
Every independent estate agent I know (and some big chain firms) despise rightmove, we built their brand for them in the early days and they rewarded us by 10 fold increases on our monthly fees! We all Gona ditch this rancid company asap so get your shares sold now
Share buybacks help to boost the Return on Equity and the P/E ratio even if earnings flat-line This is very lucrative for Directors who have LTIP based on such measures This is a good business, but the directors are rewarding themselves too much and the shareholders too little
Don't see the point of continually buying the shares, when the share price is slowly dropping. The buyback does not seem to be enhancing the share price, personally think they should have given a larger dividend or even a special.
There is a recent blog post on Rightmove's results available here: https://www.sharesoc.org/blog/remuneration/persimmon-pay-rightmove-results/
to demutualise and float.
Surprising that the continuous success story of Righmove hasn't warranted many posts here However is that all going to change ? http://proptechconsult.com/wp-content/uploads/2017/05/rightmove-0-the-innovators-dilemma.pdf
Don't take the following statements and facts as company bashing, but reviewing Rightmove's long-term past performance. Fact 1: During 2004 to 2015, net margins have improved from 20% to 57%, as advertising fees intake grew. Fact 2: 120m+ unique visitors go to its website per month and gets to see 1.2m properties put up by 20k estate agents. Fact 3: The company has returned £160m+ in dividends and bought back £500m worth of shares for cancellation since 2005. Fact 4: However. revenue and earnings growth has averaged the "Mid-teens" for the past four years, but share price grew at a compound rate of 28% in the past years, therefore "outperforming" Rightmove's operating performances. Fact 5: Zoopla, the competitor is building up its property list to 800k properties and has an opportunity to take market share. For more facts: http://walbrockresearch.com/rightmove-gained-1250-since-ipo-is-it-time-to-sell/ There is more of a chance for Rightmove's shares to decline by 40% to £23/share which will fairly value the business at 20 times' earnings. This will be a healthy correction for the company. Remember the same thing happened to Next when it was valued at £80/share, now the shares stood at £50/share. Disclosure: I don't own shares in Rightmove and the opinions are expressed as my views.
Don't take the following statements and facts as company bashing, but reviewing Rightmove's long-term past performance. Fact 1: During 2004 to 2015, net margins have improved from 20% to 57%, as advertising fees intake grew. Fact 2: 120m+ unique visitors go to its website per month and gets to see 1.2m properties put up by 20k estate agents. Fact 3: The company has returned £160m+ in dividends and bought back £500m worth of shares for cancellation since 2005. Fact 4: However. revenue and earnings growth has averaged the "Mid-teens" for the past four years, but share price grew at a compound rate of 28% in the past years, therefore "outperforming" Rightmove's operating performances. Fact 5: Zoopla, the competitor is building up its property list to 800k properties and has an opportunity to take market share. For more facts: http://walbrockresearch.com/rightmove-gained-1250-since-ipo-is-it-time-to-sell/ There is more of a chance for Rightmove's shares to decline by 40% to £23/share which will fairly value the business at 20 times' earnings. This will be a healthy correction for the company. Remember the same thing happened to Next when it was valued at £80/share, now the shares stood at £50/share. Disclosure: I don't own shares in Rightmove and the opinions are expressed as my views.
Hi there. Very interesting chat and interesting company. Does anybody know the terms of RMV's share buyback program? I've been following this company and the news: for the last month they have been buying back approx. 17,000 shares per day from the open market (source: Reuters). I understand this might be a fair strategy given their large cash flows, strong annual revenue growth coupled with small COS growth and large margins, but still one would like to get more detail on the buyback program's terms and conditions in order to put things in a larger long-term perspective. For how long are they planning to sustain the buyback? Any clues and thoughts about this would be very much appreciated.
Bricks have been gradually increasing their listings over the last few months and expect to increase this to 3,500 pcm .The market clearly thinks this has some potential with their SP soaring . Dont you think RM could offer a better and cheaper service take more revenue direct from the individual vendor as an add on to their existing service.Im sure their existing estate agents clients wont mind acting as the proper local property expert rather than some ex ca r phone salesman who has been on aweek.s property crash course for a cut of the fee .a quick handhold wit thevendor and then have the opportunity of selling an aditional tariff of services over and above the listing on RM;s portal
Purple Bricks are no threat to Rightmove, the way the RM fees work, for every additional 35 properties listed outside of their 10km base Purple Bricks will be charged another subscription fee, around £2000 a month. Purple Bricks are listing about 500 a week, equating to just short of £30,000 a week in portal fees, just for residential sales. They will then have an additional fee for lettings. I estimate Purple bricks will be paying in the region of £50,000 a week to RM just in portal fees, let alone any of their marketing which is also very expensive. Both the Rightmove and Zoopla models are set for the expansion of the online agent and it won't impact on their margins at all. I would be concerned for the larger estate agency brands which will start to feel the impact of the online agents more and more over the coming years as they will inevitably increase their market share. I am toying with the idea of investing in Rightmove as they have an exceptionally strong position in the market which could only be affected by regulatory changes or if they become complacent. Zoopla's recent acquisitions have been interesting and is helping to support their declining residential sales customers. I don't feel the recent RM changes to their platform and search tools have offered anything new or innovative to users or their customers. If RM broaden their horizons in to other areas then they could become even stronger and a more interesting investment opportunity. After all that I still think the RM SP is probably good value at the moment.
Zoopla making some interesting corporate purchases and no doubt Rightmove will have something up their sleeve to counter the perceived threat from purplebricks Will Rightmove allow their platform to be used by the private vendor to kick the bricks into the long grass? Their hybrid offer is neither fish nor fowl They could get their signed up agents to make a cursory inspection for a nominal fee for some very basic advice and undercut the Purplebricks fee
Anyone shorting this stock better lock in their profits soon! It ain't staying at this level for long!
Buying more........
Thanks for shorting - helps me buy this great stock for less! Just curious - are you guys shorting because you believe the fundamentals of the company are unfavourable or just because you have a hunch the price is too high.
Ive just increased my short position here.
this share price rise has only one explanation! theyve inflated their own SP by buying their own shares. Soon to see that cease and crash!
this is going lower big time possible 25% from here
Analysts are saying buy - http://www.risersandfallers.com/2015/12/09/shares-of-rightmove-plc-lonrmv-rated-as-buy-by-analysts-at-liberum-capital/
Zoopla shares 20% over valued, need correction. Revenue/profit for year ending 2015 is down below market expectations due to key estate agents left Zoopla for RM/OTM.