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Realistbear

Rightmove Share Price Hits Record Low

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RIGHTMOVE (LSE:RMV.L)

Last Trade: 340.00 p

Trade Time: 12:41PM

Change: 8.50 (2.44%)

Prev Close: 348.50

Open: 355.00

Bid: 338.00

Ask: 345.00

1y Target Est: 412.50

Shares flying off the shelves there today :lol:

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Noticed this earlier too - nice to see.

Could've tagged this onto the end of one of the other Rightmove threads though ;)

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RIGHTMOVE (LSE:RMV.L)

Last Trade: 335.10 p

Trade Time: 12:05PM

Change: 6.40 (1.87%)

Prev Close: 341.50

Open: 341.00

Bid: 335.00

Ask: 345.00

1y Target Est: 412.50

RM shares are flying down the black hole faster than most other FTSE stocks. :)

Builders looking pretty bad also after the Gleeson announcement.

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If only rightmove marketed themselvs correctly.

People will need to sell / buy houses in any economic environment whether forced or not.

And the best place for maxmum exposure is the web!

So.... Their shares should not really be linked to how badly the builders or EAs are doing...

People will always want their service.

They could have used our HPC wisdom for their advantage but I guess they have an EA running the thing.

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If only rightmove marketed themselvs correctly.

People will need to sell / buy houses in any economic environment whether forced or not.

And the best place for maxmum exposure is the web!

So.... Their shares should not really be linked to how badly the builders or EAs are doing...

People will always want their service.

They could have used our HPC wisdom for their advantage but I guess they have an EA running the thing.

EAs make most money when there's a relatively large turnover in property. Rightmove's comments have served to stall the market by putting too much distance between buyers and sellers...why?

Aside from their share offering, they are still majority owned by the HBOS, Countrywide, R&SA and Connell's consortium...HBOS is the biggest member and perhaps HPI helps them reduce their liabilities?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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