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Ash4781

Rightmove Financials

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Looks like they have put in an increase profits to 122 mn pre-tax. Market value of £2.9bn at 270p share price.

Seem to have seen off challenge of onthemarket.

Sorry no link yet.

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up 15% at 3066.Market Cap £3bn+,bit of a lastminute.com moment when they join the FTSE 100,could be some way off though.They're still £900mn short

Edited by Sancho Panza

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Yeah they seem to on road to monopoly. Ridiculous really but a strong lobby group. I think that the new one was setup by estate agents. Zoopla went down public offer but still think Daily Mail group retains significant shareholding.

The last time Google and Tesco tried to muscle in the EA's batted away. Not sure if the likes of Apple, Microsoft would be interested. Not enough profit?

Edited by Ash4781

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You'd think with such fabulous wealth and power at thier disposal they could manage to get this morning's latest Land Registry prices paid data imported before the end of the day, but no, you have to go to https://houseprices.io/ for that kind of service. Shameless plug over.

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RIghtmove shouldn't be at much risk from the agents' cuckoo in the nest.

More interesting could be iProperty (who are open for investment with tax breaks right now). They aim to allow vendors to advertise directly online and cut the agents right out. It'll be interesting to see how Rightmove and Zoopla react if that goes anywhere.

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I was talking with a manager of a Swansea EA chain that has signed up to the new website - getting hardly any hits he said.

If he dropped either Rightmove or Zoopla, it might be time to deliver a lesson. Perhaps enquire about somewhere you've seen as you happened to pass it, and wonder idly why it wasn't on the site in question. Then decline to spend time going through more particulars with "no thanks, I'll just look on [site]", and stay impervious to any suggestions to go elsewhere.

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