Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Outlook The Board is confident of meeting its expectations for the current year. The Board expects to achieve further organic growth in 2013 on the assumption that housing market conditions continue to be challenging but do not substantially worsen.
New Homes ARPA for the period showed healthy growth compared to the first half of the year reflecting both the full impact of price increases to our membership fees and further adoption of advertising products, with particularly strong demand for our email campaigns service. The number of developments at the end of October stood at 2,555, a decrease of 113 developments since the start of the year. Other businesses Our Overseas property and Data Services businesses continue to trade healthily. Dividend and buybacks As previously announced, our interim dividend of 9p per share will be paid on 9th November 2012 to shareholders on the register as at 12th October 2012. Since the announcement of the half year results in early August, the Company has acquired and subsequently cancelled 769,000 shares at a cost of £12.2m. As at 31st October 2012 Rightmove had £23.5m of cash. Directorate changes Separately today, Rightmove plc has announced the retirement of its Chief Executive, Ed Williams as of 30th April 2013. Nick McKittrick, a co-founding executive along with Mr Williams, will become Chief Executive from 30th April 2013 and his current roles of Finance Director and COO will be filled internally.
INTERIM MANAGEMENT STATEMENT Rightmove plc ("Rightmove"), the UK's number one property website, publishes its Interim Management Statement for the period from 1st July 2012 to 8th November 2012. Financial and operating information relates to the period 1st July 2012 to 31st October 2012 unless otherwise stated. Current trading The last four months have continued to show healthy growth in revenue and earnings and strong cash generation. Average revenue per advertiser (ARPA) has continued to increase, driven by further adoption of our advertising products. Discretionary spend by our customers on advertising products is up over 45% compared to the same period in 2011. The number of advertisers on the Rightmove website at the end of October stood at 18,526, up 1% since the start of the year. Changes to 2013 pricing are progressing according to plan. Activity on Rightmove has been strong with page impressions up nearly 20% compared to the same period in 2011. Our latest iPhone, iPad and Android apps have proved particularly popular, with searches across our mobile platforms up over 100% in the period. We ran our "Britain Moves at Rightmove" TV advertising campaign again in September and October. We also ran a campaign to promote our research tools for vendors and landlords which was entirely online and made use of new technology to provide a customised video to around 300,000 visitors. Agency ARPA for the period was ahead of the average for the first half of the year reflecting both the full impact of price rises to our membership fees implemented between January and the start of May and further adoption of our advertising products. Estate agency and lettings membership at the end of October stood at 15,412, a 2% increase from the start of the year.
I see rightmove is stilll buying back these shares.
Rightmove: Citigroup initiates coverage with buy rating and 2,050p target.
Peel Hunt reiterated its "sell" recommendation for Rightmove (RMV) with a 1,180p target price. While the broker admits that the real estate search engine deserves a premium rating, it believes that there is considerable opportunity for strong competition to emerge. Peel Hunt added that investors have overreacted to one-off contributions in the first half of 2012, while the company's medium-term outlook has not changed. On the broker's forecasts, the shares trade on a prospective multiple of 31.1 times for 2012, falling to 27.4 times in 2013
Rightmove: BarCap ups target from 1,400p to 1,850p, equal weight rating kept
Rightmove (RMV) reported pre-tax profits of 38.9 million pounds for the six months ended 30th June, up 35.3% on 2011's comparable period, with revenues rising 23% to 57.9 million pounds. The property website saw traffic on its site rise over 30%, driven by access from mobile phones which rose 100%. Additionally, revenues from advertisers rose 20%, on average, with more property developers and estate agents purchasing multiple products. The shares soared by 153p to 1,645p.
the pun via the internet. Hats off to rmv , especially when they give out good vibes to retail investers = continually buying back their own shares since aug 11 and maybe b4. every body i know ,uses their site. long at nearly 17 a pop their to rich for me. gla
09 May 2012 Canaccord Genuity reiterates its Buy recommendation for Rightmove with a price target of 1,800.00 13 June 2012 Numis retains its Add rating for Rightmove with a price target of 1,614.00 25 June 2012 Panmure Gordon retains its Buy rating on Rightmove with a price target of 1,780.00 P.S. Here's a couple of links about SCLP, one of the hottest stocks at the moment: http://www.euroinvestor.com/community/discussionthread.aspx?threadid=252803 http://www.euroinvestor.com/community/discussionthread.aspx?threadid=253089
you got be impressed with the growth of this company over the past 5 years well done rmv rock solid company
N+1 Brewin continues to believe that investing in Rightmove (RMV) is the right... move to make, setting a target price of 1,670p. The online real estate portal has increased its market share to 84%, from 82%, while the broker noted that its closest competitor holds just 7%. Brewin added that the company saw record page impression levels of 9.3 billion in 2011, with further growth of 20% in January.
Canaccord Genuity continues to view online estate agent Rightmove (RMV) as a "buy" and has a 1,427p price target. This is on the back of recent interims which showed a 17% increase in the average revenue per advertisement (ARPA). The broker was particularly pleased to hear management comment on 'a very strong start to 2012', and that the firm remains on track to deliver at further 14% increase in ARPA on the back of rising prices. Cannacord also reckons that further migration of ad-spend from local newspaper groups to the internet will continue to support double digit earnings growth in the medium term.
http://www.growthcompany.co.uk/recommendations/1645668/rightmove.thtml
Rightmove (RMV) remains a "hold" for Brewin Dolphin, with a target price of 1,250p. The broker believes the online real estate portal is trading in-line with expectations, with revenues for the first half up 20% at 47 million pounds. The broker notes that the number of advertisers on the website has increased by 3% year-on-year to 18,480 and average revenue per advertiser is 18% higher at 430 pounds. New homes made up 18% of revenues, but new homes developer numbers were weaker than the broker expected, at 2,691. The shares descended 14p to 1,202p.
Ed Williams, Managing Director, said: "Rightmove is where UK home hunters find their next home. The success of our iPhone, iPad and mobile applications mean that people are now home hunting wherever they are, not just at home or work. People thinking of selling their home know it remains a challenging housing market, so they increasingly expect their estate agent to make sure that their property is advertised as prominently on Rightmove as possible. Continuing to grow revenue and profits in the current housing market is the result of the importance of Rightmove to home hunters and property advertisers alike and a tribute to all the efforts of our people."
Rightmove plc, the UK's no. 1 property website, announces half year results for the six months ended 30 June 2011. Financial and Operational Highlights for the six months ended 30 June 2011 * Revenue up 20% to £47.0m (2010: £39.2m) * Underlying operating profit* up 25% to £33.4m (2010: £26.8m) * Underlying operating margin* increased to 71% (2010: 68%) * Underlying earnings per share* up 35% to 24.8p (2010: 18.4p) * Cash generated from operations of £32.3m (2010: £27.5m), with cash conversion in excess of 100% * Interim dividend increased by 40% to 7.0p per ordinary share (2010: 5.0p) reflecting our intention to continue to return post-tax operating profits to shareholders promptly * £23.4m spent to buy back 2.3m shares (2010: 1.6m), bringing the return of cash including the dividend to £32.9m during the period (2010: £18.1m) * Period end cash balance of £17.9m (2010: £22.9m) * Page impressions on Rightmove websites up 23% to 4.8bn (2010: 3.9bn) * Number of advertisers up 2% so far this year at 18,480 (31 December 2010: 18,042) up 3% on a year ago (30 June 2010: 17,993) * Average revenue per advertiser up 18% at £430 per month (2010: £365)
http://www.investegate.co.uk/Article.aspx?id=20110803070000P7976
Numis upgrades Rightmove from hold to add
Rightmove (RMV) It may just be me, but there really needs to be a shake up of the way that house prices are measured. Leaving it to the Land Registry might be best. As far as online estate agent Rightmove is concerned it can be seen how there has been a relentless uptrend here via a rising trend channel from the end of October. The base here looks to be the blue 50 day moving average at 1,069p and while above this on a weekly close basis the upside for the stock is seen as being as high as the 2010 price channel top of 1,300p on a 1-2 month timeframe. So reckons Zak Mir
http://www.investegate.co.uk/Article.aspx?id=20110504092749PB3FD Apologies I posted the uncorrected link before - this is the one to read
Slow down in page views growth at Rightmove Date: Wednesday 04 May 2011 LONDON (ShareCast) - Property web site operator Rightmove found the market hard to please on Wednesday, as the growth in page views on the site slowed down in the first quarter of 2011. Page views on the Rightmove.co.uk website during the first three months were up by around 15% on the same period a year ago, and on many occasions single day traffic levels have been higher than any seen in 2010. However, the year on year growth rate is down from the 17% improvement seen in 2010. Searches on mobile devices were over 200% higher in the first three months of 2011 compared to the same period a year ago. The site’s market share among property web sites remained steady at 2010’s level of 82%. Rightmove agency membership at the end of March stood at 14,864, up slightly on the end of 2010. The overall number of advertisers at the end of March was up 0.7% from end-December levels, and growth has continued in April. The growth has come from modest increases in the number of lettings only agents and new homes developments. Average revenue per advertiser “increased substantially”, Rightmove said, without releasing any figures, though the company did indicate that it is line with the company’s aspiration of achieving an increase to around £439 per month in 2011, compared to £379 per month in 2010. Operating costs remain low and are unlikely to exceed the £29m indicated at the full year results in February, and subject to there being no further decline in the UK housing market, the board remains confident of meeting its expectations for the full year.
http://www.investegate.co.uk/Article.aspx?id=20110504070000P89B2