Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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!
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.
"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