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Unfortunately Draper has been at it again…’1.2m booked in first 6 weeks’ of H1 announced mid Feb, therefore just 800k in the latter 20 weeks!
He can’t stop himself, always over egging it!
…and institutions never get it wrong do they.
The value of OTM to its clients, estate agents, is ‘cost per lead’, how many good leads they provide compared to Rightmove and Zoopla.
If the public are not visiting the site then they are not producing enough quality leads and are an unnecessary cost. It is very expensive to get the public to change their habits, and because OTM do not have the whole of the market, i.e all the agents on the site it is an ineffective house hunting tool and not worth visiting. It is a vicious circle that renders OTM pointless and dispensable in a tough market.
27.5% down in a month now. No doubt those agents that can, will start off loading these when there still worth something. Agents that can't sell just yet create a false SP and must be pig sick as they watch it keep coming down.
Rightmove putting their price up will not help OTM it will have the completely opposite effect...read my earlier posts and you will see how OTM missed an opportunity to actually challenge Rightmove, there no chance now, that ship has sailed I'm sorry to say.
Spot on and something will have to give...it won't be Rightmove unfortunately.
I would suggest Chris Mills (whoever he is) is investing in a market he knows nothing about. It's not about giving shares away and getting agents on board, its about getting the public engaged and getting them off Rightmove and onto OTM. Until they can do that, which I very much doubt they can, then agents are paying for a second or in some cases third portal giving them pretty much no return.
If you were selling your house would you check the agent was on OTM, probably not, most of the public haven't even heard of it! Rightmove, then Zoopla and in third place OTM. And what happened to Boomin, that's a red flag, along with 'fish for homes', Prime Location (apparently still going), Globrix, and many, many others, over the years.
Rightmove had a huge first mover advantage, which they exploited brilliantly. In my opinion OTM will be the first cost agents will cut when the going gets tough, it certainly won't be Rightmove.
Down 20% in a month! That’s what happens when you offer a service nobody needs or wants. OTMP has no purpose and agents are beginning to realise that.
Oh yes, no doubt. Draper loved lock down, everyone at home playing games, he mentioned how good it was for business at the time! Hilarious!
This business is doomed, I can't see any sort of bounce here. The reason it won't do a CINE is because the model simply dosen't work, look at Tepilo, Doorsteps, easyproperty, emoov they've all gone.
I do think this investment will be brought to a conclusion one way of the other very soon now. Its been years in the making, but either sensible progress has been made, or I think it is time to bail.
I appreciate it takes a long time to get a business like this off the ground, but Draper has been given long enough now, and without sufficient progress this year, particularly if another raise is required, I think will see me finished here.
On the 1st March we had our last RNS an update rebuking the Azerion take on a court hearing. Since then nothing. In three and half month not a word, from a supposedly innovative company in a ground breaking new market place. It is simply incredible that they have had nothing whatsoever to report to shareholders. Whether this is a concern, or not it is poor by anyone's standards.
Draper continues to worry me somewhat, he got heavily criticised for over ramping the company's potential in the early days, so has now gone completely the other way. It might be suggested he can't win, but he can, a sensible approach keeping shareholders informed is all that is required. Not shouting out that the SP should be 20 times higher when it was trading a 36p. That made him look like an idiot. Now he just looks like a dumb idiot. No offence intended.
Nobody will buy, 'second half weighted', 'lots in the pipeline', 'unnamed triple A publishers', 'nearly pulled off a great deal', 'monies owed to us', 'great winter break', 'toast munching contemplation', any longer, time is up as far as I'm concerned. Show us the money or I'm off, and it will be obvious to anyone watching when that happens.
I’m never eating in that Chinese restaurant again.
I think you are being misleading as well Gridz.
It wasn't just £1m booked for the first quarter, as you suggest, it was 1.2m booked in the first 6 weeks of the first quarter. Of course it would go into Q1, that goes without saying, but the first 6 weeks was the relevant factor, there may well have been another 1.2m booked in the second 6 weeks of the quarter, or maybe more, who knows...none of us!
What's the relevance of the twitter link to a you tube video about vitamin D, or am I missing something here???
Who cares...we more or less know the figures already, its news that we need. We want to know what progress the company has made this year, what the forecast income looks like, what the future holds for Bidstack.
It is all painfully slow, and I'm really not sure whether that is a good thing or bad thing.
...so basically Camilla is saying...'forget everything we have said before, a complete change in direction, our USP of immersive, non-disruptive ads is no longer the way to go'. 'we are now going to adopt the same strategy as everyone else with rewarded video ads, that are neither immersive nor non-disruptive'.
This company is becoming a bit of a joke, they jump from one thing to the next, seem to have no idea where they are going or what they stand for. I can only assume immersive, non-disruptive adverts weren't selling as well as they had hoped...?
Sorry Bottom, but a silly statement like that does kinda undermine anything sensible you might have to say.
Can anyone translate what was said in the vid clip, I couldn’t get any if it…what was she trying to say?
I would have thought a bank holiday weekend would be the safest time to be out…no RNS will be issued and no shares will be trading during a public holiday!
I would imagine helx bought at the peak...
Hi Mr Pending, I had a note in a fortune cookie a couple of months ago, that said my wealth would improve in May, seems totally feasible to me. Anyone got anything better to go on?
You're wrong Girdz, there will be news this month, mark my words.
Hello May.