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Latitude, Pelham, Commerzbank, not to mention Darwin/Henderson and of course Vitol and the subleaser, will all be wanting their money back or some plan. They now know that they can't just steam roller through, so they'll have to force the board to come up with something. Vitol will extend the debt again, but for longer, on the basis that costs are cut Dramatically IMO. I don't see how this can go into admin now as they've always said they are funded until end of Jan. I think a few jobs will be going over the next few days.
Should we assume that the meeting is still ongoing? I can't find any news on it. Would have expected thoses going to have posted by now.
RMV has seen a recovery since its 20% (+/-) drop in August/September/October, however ZPLA is yet to rise again since its own 20% (+/-) drop in the same period. The expectation that Zoopla will be hit harder by the new OnTheMarket portal, may be the reason. The results next week might aid a recovery of sorts.
Correction: Zoopla are the lesser of two evils.
Bounytyhunter85, 20% drop is not exclusive to Zoopla. Rightmove has droped from a high of 2520p in September to current 2004p. That's also a drop of 20%. I know a lot of agents who aren't budging, but also a few that are dropping rightmove. Why? Because rightmove are the lesser of the two evils. Do you think rightmove will change once zoopla disappears? No. They act the way they do because they are perceived to be the market leader. They will still be the market leader. However, Agents Mutual AND Zoopla can change that.
in the space of 5 days they have gone from 4% - 5% and yet the price falls. Capital in the background buying.
Follow the money, as they say. Capital Group loading up. "The fund primarily invests in growth stocks"
Hi holdenjim, Interesting, but why did you cancel Zoopla, and not Rightmove, considering the majority of your negativity is aimed at Righmove?
I would have been more inclined to sign up if I wasn't forced to drop one of the others. If it works and OnTheMarket becomes the number 1 or 2 portal, then I can drop either RM or Zpla then. Might be slightly more expensive, but I won't lose anything. If I sign up now and maybe save a few pounds per month I risk losing half of my enquiries. Might not, but more likely to.
mmmm I wouldn't be too sure. Many agents I've spoken to are not taking the risk of dropping either rightmove or zoopla. it's not as if they are that much cheaper per month and with the tow old portals you know what you are getting. Big risk to drop one of them and risk half your enquiries dissappearing. Big shake up, agreed, but not sure if it's black and white.
Actually, not such a tight spread.
Large volume of buys so far today. Probably on the back of the Credit Suisse Broker recommendation yesterday. Very tight spread too.
I wish it was as cheap as £300 per month. Most agents I know pay way more, however, over the last five years or so, it has definitely been Rightmove who have pushed and pushed and pushed. They charge extra just for having your logo showing. Rightmove a bit more complicated in there billing structure too. Zoopla better value for money, but only just. I can see Zoopla becoming more like rightmove now though as they will have shareholders to answer to. Profit, Profit, Profit!
seeing quite a few trades for 1136 which means quite a few selling their shares for a nice £500 profit.
Quite a lot I would have thought. Makes no difference to the AM situation at this time, as far as I can see. It's the offer next year which would be the stickler. You will have to still be a zoopla client then to receive the discount next year, and that would mean dropping RM to go with AM. Correct? That's how I read it anyway.
Hello, Having sent my cheque off and seen the money come out of the account, I am now wondering how we trade this? I usually deal with an online trading account to buy and sell, but never been involved in an IPO. Can I assume that we will receive share certificates in the post? Does anybody know?
because they are traders. buy at 28p, sell at 41p, buy again at 36p, sell at 45p easy peasy. LOL sentiment is low here but interest from lonhg term investors will return.
what's hotels and roads got to do with worldwide demand for gold? The SP was up by 30%. Would be strange if this went higher in one day. Lots of investors who bought at 27p/30p selling on a 30%+ profit. Those buying today will hold for another 30% profit. This will happen over the next few days. i expect 48p by end of week.
...all the work is done? Doubt that would be the factor as to why Lenigas has resigned.
sorry if i have ****ed you off somehow. I didn't say i expected an RNS, i said it would have been nice for an update. this is after all an AGM and not an average day at the office.