Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Any news about take over? Is it still on?
Zoopla is 20% overvalued since it has lost key Estate Agents (like Winkworth) to it's rival Rightmove. Their broker Jefferies are misleading by forecasting increase in revenue due to acqisition of uSwitch. This is not organic growth. Their core revenue will be below market expectations. Also their net profit for the year ending 30.9.2015 will be below market expectations due to cost involved in acquiring uSwitch. Alex Chesterman (founder/CEO of Zoopla) sold 4,250,000 Zoopla's shares for a reason.
Zoopla will post loss in 2015 due to fall in revenue as key Estate Agents have left Zoopla for Rightmove/Onthemarket.com.
Astrazeneca shares 20% under valued considering it's new blockbuster drugs about to hit the market. Merger of Astrazeneca with a top pharmaceutical company will make AZN world's largest pharmaceutical company.
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.
Zoopla shares 20% overvalued, need correction.
Zoopla's revenue and net profit for the year ending 30.9.2015 is down below market expectations. They have lost key Estate Agents in the August/September.
Alex Chesterman (founder/CEO of Zoopla) sold 4,250,000 Zoopla's shares.
Leading estate agent Chestertons quit Zoopla for Rightmove. Chestertons has left Zoopla to return to Rightmove. This morning, Chestertons chief executive Robert Bartlett confirmed to EYE: “We remain strongly committed to OnTheMarket.” Chestertons put their listings back up on to Rightmove yesterday afternoon, while their listings on Zoopla will be taken down today. Bartlett said he thought that the departure of Chestertons, with 32 branches across London, would be a blow for Zoopla but said that it had been on amicable terms. Chestertons was the largest of the 250 or so agents to quit Rightmove under OTM’s one other portal rule. Most of the departures – around 4,000 – were from Zoopla. Bartlett said this morning that the decision to leave Zoopla was based on the fact that although it delivered leads, they did not translate into enough business. “Also,” he said, “we had more and more of our clients telling us that they expected to see us on Rightmove and you have to listen to your clients.” He said that Chestertons get very good quality leads from OTM and added: “Ultimately, we hope that OTM will build itself up into the situation whereby Chestertons need to be on no other portal at all.” City analyst William Packer, of Exane BNP Paribas, said: “An upmarket estate agent with a strong brand, has returned to the Rightmove platform within months of leaving.” Of the departure of Chestertons from Zoopla to fulfill their one other portal obligations, he added: “We see this as a negative, underpinning Rightmove’s relative must-have status, and raising further questions on Zoopla’s longer term pricing power, and the assumed rebound of membership in consensus. “It is also a positive for OTM, with Agents Mutual successfully retaining the membership of Chestertons, a high profile founding member. We estimate that Agents Mutual is continuing to grow its membership like Rightmove and Zoopla – ie, all three players are growing membership currently.” In Packer’s note to investors, he said that he reiterated outperform on Rightmove and underperform on Zoopla. http://www.propertyindustryeye.com/news-flash-chestertons-quit-zoopla-to-return-to-rightmove/
Estate agents seem to be abandoning online property portal Zoopla for rival OnTheMarket — and Zoopla's opponent wants to take more ground. Zoopla's half year results filed today show the number of agents on its platform fell by 23% in the six months to March 31, equivalent to just under 4,000 people. That's a lot of lost revenue for Zoopla, which charges agents a subscription of around £300 ($464) per month to list as many properties on the site as they want. Read more: http://uk.businessinsider.com/zoopla-is-getting-hurt-badly-by-the-estate-agent-fightback-2015-5#ixzz3kaXakjKz