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Rightmove Shares Crashing (and Properly This Time!)

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-29.5%, woah, that's just like some tin pot AIM company. But it's a data error, they're down just 0.29%.

RM really do act like a classic ponzi though, relentlessly pushing the unreality, they've obviously learnt from the South Seas company!

Edited by BuyingBear

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probably a bad data point eg 241p rather than 341p - the share's been particularly inactive over the last week

Would've been great if the glitch set off a selling frenzy! :)

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Looks like a mass sell off?

TB

Didn't someone on here mention that the big cheeses of RM were only planning on holding their shares for the minimum time?

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Didn't someone on here mention that the big cheeses of RM were only planning on holding their shares for the minimum time?

They would be insane to hang on to them. Traditional estate agency will be dead within 5 years.

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Traditional estate agency will be dead within 5 years.

And that could be a good reason to hang on to their shares.

At present their business model is advertising on behalf of EAs and taking a commission/subscription.

If High Street EAs start feeling the squeeze from the Internet in the next 5 years, who is going to get the business instead?

Perhaps Rightmove with over 50% of current UK properties listed and 78% share of the current UK Internet property browsing market? (Their stats not mine ;) )

It would be a very small leap of technology for Rightmove to jump ship and sign up with individuals. Its all about timing - at present they are happily screwing the high street agents. One day they will be screwing individuals as well/instead.

I don't expect to see them go away anytime soon. And before anyone says anything, I haven't got shares!!

Xil.

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And that could be a good reason to hang on to their shares.

At present their business model is advertising on behalf of EAs and taking a commission/subscription.

If High Street EAs start feeling the squeeze from the Internet in the next 5 years, who is going to get the business instead?

Perhaps Rightmove with over 50% of current UK properties listed and 78% share of the current UK Internet property browsing market? (Their stats not mine ;) )

It would be a very small leap of technology for Rightmove to jump ship and sign up with individuals. Its all about timing - at present they are happily screwing the high street agents. One day they will be screwing individuals as well/instead.

I don't expect to see them go away anytime soon. And before anyone says anything, I haven't got shares!!

Xil.

Xil, how much did you pay for your fair share ? :D

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Xil, how much did you pay for your fair share ? :D

Okay, I sold my fifteen BTLs to finance £2M worth of Rightmove shares........ ;)

Someone needs to talk them up!!!

Xil.

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  • 302 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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