Member Info for K0sh

"Loads of purchases, price not moving.
Large seller in the market it looks like."
I was right. Large sales of 110k and 121k showing this morning but dated yesterday.

I am out of the game now (ex-agent).
What are Connells doing with Zoopla that is so cosy?
A portal should not be aligned too closely with any agent.

Thanks for that Shandypants2.
Wondered why all the purchases today. And the Teclet business is in for free.
Re-affirms why I bought this share 18m ago. Could see the increase in leads and decrease from Zoopla and RM.
I am holding.

Loads of purchases, price not moving.
Large seller in the market it looks like.

The portals charge a monthly subscription.
RM is like a Mercedes Garage, it knows how to charge for the "extra's", for example your logo will not come up on a search result unless you pay for an enhanced subscription. You have to pay extra to get valuation leads too, and for other things.
It does not matter if you have 1 property for sale or 100, the subsription remains the same.
Yes, adding a third portal adds to costs, or a fourth or fifth etc.
PB has regions that subscribe and within those regions they could have many "property Experts" all under the same umbrella. OTMP does not have PB on its books and is not likely to either.
Again, if the EA's were clever, they would dump RM and go with OTMP and PB is dead in the water.

It's not the online sells that agents want, more leads from prospective buyers and valuation leads.
RM does this well and OTMP has 70-80% of the leads of RM.
What OTMP needs is at least 10% of RM's profits, and then rest will follow.
EA's are not the cleverest bunch or they would have switched en-masse to OTMP and not be bled dry by RM.

Price has risen on no news. So something positive has leaked out imho.
The elastic has come back on this because there has not been any announcement and the share price will now hover or come down until there is.

That's a fair assumption.

Virtually all buys today and the share price didn't move

First profit.
Great to underpromise and over deliver. Well done OTMP.
I bet big time on this share 18m ago when I saw leads suddenly start to come into my agency from them when prior to that I did not give them the time of day.
I stuck with them during the covid sell off in March and am now showing a healthy profit.
Compared to the billions that RM and Z are valued, this share could ten bag and still not be valued at half of them two.
GLA.

I thought I would take some profits yesterday and sold 1,000.
Typo, meant to sell 10,000, so very glad of the mistake :-)

Dunno, but a re-rating is well overdue.

In todays news
LIBERUM RESUMES STAFFLINE WITH 'BUY' - TARGET 40 PENCE

Good number of buys today so far.
Shows that there is an appetite for the stock and the only way is up, Cash burn has gone.
Only good news coming.

It depends on location.
Zoopla is good in London but in Berkshire OTMP was far superior to Zoopla. Not just me, other agents confirmed this too.

Otmp not even harvesting extra income by banner adverts.
They should be concentrating on that too.

Otmp had about 90% of the leads of RM and 30% of the cost, last time I looked.

The only real threat is RM.
It took otmp 5 years to get here.
Bloomin is not in the game and everything to prove.
Hunters had x months free and now are paying customers.

So no real threat then.

RNS Fri 13th March 2020