nordiclad Posted February 29, 2008 Share Posted February 29, 2008 Maybe I have missed it, but has there been any comments to the Rightmove results, looks like they are admitting that the market could dive… I do not fully understand such reports, leave it to you guys to pull apart. On the rightmove site under investors. http://miranda.hemscott.com/ir/rmv/pdf/Pre...esults_2007.pdf Sorry if already posted Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted February 29, 2008 Share Posted February 29, 2008 shares dived 5% or so. They need a change of management/direction in order to survive/take advantage of new market conditions IMHO. What they currrently have will not work, they'll simply end up with lots of bad debtors. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted February 29, 2008 Share Posted February 29, 2008 Maybe I have missed it, but has there been any comments to the Rightmove results, looks like they are admitting that the market could dive…I do not fully understand such reports, leave it to you guys to pull apart. On the rightmove site under investors. http://miranda.hemscott.com/ir/rmv/pdf/Pre...esults_2007.pdf Sorry if already posted Well it's one thing for the VIs to lie to, deceive, swindle and mislead the general public, but quite another to do the same to investors IIRC. Gaol would beckon... Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted February 29, 2008 Share Posted February 29, 2008 Maybe I have missed it, but has there been any comments to the Rightmove results, looks like they are admitting that the market could dive…I do not fully understand such reports, leave it to you guys to pull apart. On the rightmove site under investors. http://miranda.hemscott.com/ir/rmv/pdf/Pre...esults_2007.pdf Sorry if already posted A brief read doesn't suggest anything too dire going on for them - there's the usual 'credit crunch isn't going to make things easy for us' in there but everyone's doing that right now. The main admissions seems to be that they're getting close to saturation coverage with estate agents so they'll need to find some other ways to make money. If you assume there's going to be a lot fewer EAs in a year's time then I guess that bodes much less well for them. Quote Link to comment Share on other sites More sharing options...
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