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Pin to quick picksOnthemarket Share News (OTMP)

Share Price Information for Onthemarket (OTMP)

London Stock Exchange
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Share Price: 87.50
Bid: 85.00
Ask: 90.00
Change: -2.50 (-2.78%)
Spread: 5.00 (5.88%)
Open: 90.00
High: 90.00
Low: 85.00
Yest. Close: 90.00
OTMP Live PriceLast checked at -

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IN BRIEF: OnTheMarket Swings To Profit On Drop In Marketing Expenses

Tue, 13th Oct 2020 14:36

OnTheMarket PLC - UK property search portal - Swings to pretax profit in half year to July 31 of GBP676,000 from GBP7.1 million loss a year prior. Marketing expenditure was down 67% to GBP2.2 million from GBP6.6 million a year before. Revenue rose 28% to GBP10.2 million from GBP8.0 million a year before. Says it has seen increased engagement with its portal. Going forward, it plans to continue to grow the number of paying advertisers by working with agents and housebuilders and encouraging them to support the portal. Says that assuming the UK housing market remains open and active, it expects revenues and costs to increase from the levels seen in the first half of the year going into the second half year ending January 31, 2021. Expects to achieve a broadly breakeven adjusted operating profit position for the full financial year as a result.

Current stock price: 97.89 pence

Year-to-date change: up 39%

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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(Sharecast News) - Online property portal operator OnTheMarket said on Monday that revenues and adjusted operating profits for the year ended 31 January were expected to be no less than £22.5m and £1.5m, respectively.

22 Feb 21 10:30

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(Sharecast News) - Shares in OnTheMarket jumped in early trading on Monday after the property portal revealed full-year profits were on course to beat market expectations.

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Mortgage approvals surge to 13-year high

(Sharecast News) - Mortgage approvals surged to a 13-year high in October, underpinned by pent-up demand and the stamp duty holiday, official data showed on Monday.

30 Nov 20 11:52

IN BRIEF: OnTheMarket Swings To Profit On Drop In Marketing Expenses

IN BRIEF: OnTheMarket Swings To Profit On Drop In Marketing Expenses

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6 Oct 20 15:51

OnTheMarket Lands Property Listing Deal With Taylor Wimpey

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14 Sep 20 15:21

OnTheMarket secures listing agreement with Taylor Wimpey

(Sharecast News) - Online property portal operator OnTheMarket inked a listing agreement with housebuilder Taylor Wimpey on Monday.

14 Sep 20 10:14

IN BRIEF: OnTheMarket Hires Former Estate Agent As New CEO

IN BRIEF: OnTheMarket Hires Former Estate Agent As New CEO

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23 Jul 20 16:03

OnTheMarket "Delighted" With Agents Agreeing To Exclusively Use Portal

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OnTheMarket secures 500 more estate agent branches

(Sharecast News) - Nearly 500 estate agent branches have signed up to OnTheMarket, the property portal said on Thursday, as leads continued to grow following the easing of lockdown rules.

2 Jul 20 09:54

OnTheMarket extends listing discount for agents

(Sharecast News) - OnTheMarket, the agent-backed property portal, has extended its listing discount for estate agents by a further two months.

23 Jun 20 12:08

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