Member Info for K0sh

"After all the bricks and mortar estate agent does no more for you than PB in my experience so people will shop around"
I laughed out loud at this statement, not LoL's but OUT LOUD!
Clearly you have never been in a sales chain with PB, just a black hole when you try and chivy the chain along to get it over the line.

They are no longer having to advertise to maintain customer visits to the portal.
This means they have reached a level of conciousness with the house buying public and has taken five years to reach. Take note shareholders in Boomin. As the 4th portal, it will have an even bigger struggle.
This is a solid foundation to jump to the next level. Just needs proper support from the agents to tackle the Rightmove conumdrum.

Under two weeks to go for results and I am seeing lots of sells but the price is going up.
I'll be disapointed if it does not go above £1.50 in June

They are heavily discounting to get the numbers up.
Not knocking the strategy, but as long as people are aware.

The results in June should come with a trading update.
IMHO, the results and trading update should be really good.
Otherwise I am outta here.

"Staffline Group PLC, up 12% at 77.54p, 12-month range 23.10p-82.38p. The Nottingham-based recruitment firm says first-quarter trading topped internal expectations as the UK jobs market showed signs of life after being battered by Covid-19. Revenue in quarter to March 31 up 0.2% annually GBP227.9 million from GBP227.5 million. Underlying operating profit more than doubles to GBP1.4 million from GBP600,000 a year earlier. Staffline says trading was "ahead of management expectations", giving the firm "increased confidence in the full year".

Considering that the first quarter this year was all under lockdown, this is a brilliant update.
Not long before we get over 100p

HRnet and Henry Spain have nearly half the company between them.

The 5k are freeloaders too.
OTMP at least had financial committment from agents at the start.
Boomin has a long, expensive haul ahead of it.

I think the current downtrend is something to do with the Boomin hype.
Once the hot air dissipates, this will show to have been a good buy opportunity.
Agents not happy with Boomin already!

The amount of McD's crap I see all over the streets, why pick on just tobacco?

Boom! and a nun with a gold bar appears! PMSL!
See the pathetic adverts here. Love it when hype becomes reality and you see the emperor with no clothes on!
https://www.estateagenttoday.co.uk/breaking-news/2021/3/boomin-reveals-tv-adverts-two-days-ahead-of-portal-launch

"How many agents have Boomin got on board?"
I'll answer as you seem a little coy. A paltry 5,000.
Boomin will be bustin!

https://www.estateagenttoday.co.uk/breaking-news/2021/3/onthemarket-in-big-media-deal-with-uks-largest-news-publisher

PB had an easy target. The hated Estate Agent.
They used that to great effect and that is primarily why it worked.
Boomin has no such soft underbelly to go for. As a 4th portal, it will find the going tough, no matter how much hot air they exercise.

How many agents have Boomin got on board?

I am an ex agent.
Boomin will be bustin

CREDIT SUISSE RAISES BAT PRICE TARGET TO 4,100 (3,920) PENCE - 'OUTPERFORM'

"driven by the public" - About 10% correct.
It is the agents that give RM their dominence by giving them their properties to drive those clicks. Give the properties to OTM, RM disappears.

"OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, is pleased to announce that it has exercised its call option to acquire the 80% of Glanty Ltd ("Glanty") that it does not currently own"
Diversification is good news. Glanty, I believe, developed Hunters new CRM "Skipa" which is being rolled out currently.
Plenty of upside.

RM buying OTM would be predatory and fall foul of the competitions ombudsman methinks.
But you are right, the groundswell for OTM is growing.
Just Boomin clouding the picture but I think that will fizzle and die within 2 years.