UK-based public company
Traded as: RMV at London Stock Exchange
Key people: Scott Forbes (Chairman), Peter Brooks-Johnson (CEO)
Rightmove plc (LSE:RMV): Drilling into the Technicals as ROIC Score Moves to 1.036845
Buckner Business Daily, July 23, 2018
The Return on Invested Capital (aka ROIC) Score for Rightmove plc (LSE:RMV) is 1.036845. The Return on Invested Capital is a ratio that determines whether a company is profitable or not. It tells investors how well a company is turning their capital into profits. The ROIC is calculated by dividing the net operating profit (or EBIT) by the employed capital. The employed capital is calculated by subrating current liabilities from total assets. Similarly, the Return on Invested Capital Quality ratio is a tool in evaluating the quality of a company’s ROIC over the course of five years. This is calculated by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC. The ROIC 5 year average is calculated using the five year average EBIT, five year average (net working capital and net fixed assets).
Investors often struggle with keeping their emotions in check when approaching the stock market. New investors can have a tendency to sell off winners too quick as well as hold onto losers for way too long. Some will argue that it is never a bad thing to take profits when they are on the table, but this can leave the investor with a large amount of regret if the stock continues to surge after selling. On the other end, investors may hold onto losers for way too long hoping for a bounce back. Holding out for better days can lead to even more exaggerated losses that can leave the investor with an even bigger feeling of regret. Battling to keep emotions separated from important investing decisions can be a big plus for investors over the long haul. Of course, this idea is easier to preach and much harder to follow.
Some of the best financial predictions are formed by using a variety of financial tools. The Price Range 52 Weeks is one of the tools that investors use to determine the lowest and highest price at which a stock has traded in the previous 52 weeks. The Price Range of Rightmove plc (LSE:RMV) over the past 52 weeks is 0.972000. The 52-week range can be found in the stock’s quote summary.
Rightmove plc (LSE:RMV) presently has a current ratio of 1.11. The current ratio, also known as the working capital ratio, is a liquidity ratio that displays the proportion of current assets of a business relative to the current liabilities. The ratio is simply calculated by dividing current liabilities by current assets. The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets. Typically, the higher…
How much a sea view will add to the value of your home revealed
PlymouthLive, July 19, 2018
Home buyers looking for properties with a view of the sea can expect to pay a typical £68,000 premium, analysis has found.
Homes in seaside towns which boast a sea view have a price tag which is £68,632 or 29% higher on average than properties in seaside towns where home owners cannot see the waves from their windows, according to Rightmove.
The analysis looked at all properties for sale under £1 million in seaside towns across mainland Britain, and found that the average asking price for a sea view is £304,702, compared with £236,070 for a home without one.
The highest price premium was found in Felixstowe in Suffolk, where a sea view could attract a 57% premium – meaning buyers could pay over £143,000 more on average.
Homes with a sea view in Hove were found to be the most costly, with an average asking price of £481,826.
Buyers searching for a sea view on a smaller budget may want to consider Morecambe, where the typical price tag for this is £144,401 – the least expensive price for a view of the sea in the study.
Around one in 14 (7%) of properties in the analysis of seaside towns had a sea view.
Properties boasting a sea view were found to be particularly clustered in Devon. The highest concentrations of these properties on Rightmove’s website were found in Teignmouth and Paignton, where 30% and 29% of homes analysed in these areas respectively had a sea…
Challenging times for Rightmove
Investors Chronicle, July 12, 2018
Created to provide estate agents with a cheaper option than offered by the online website duopoly of Rightmove (RMV) and Zoopla, OnTheMarket (OTMP) started on a controversial note by insisting that agents joining the website would have to give up using one of the other two.
This didn’t go down at all well, and sensibly it is no longer part of company policy. The point here is that if one estate agent in a given area left Rightmove and was not joined by other estate agents in the area it would be committing commercial suicide, so the idea now is to create incentives to encourage estate agents to move en masse. And early indications suggest that this is working. Having been admitted to trading on the Alternative Investment Market (Aim) in February, the new offering hit the ground running, and has already signed up nearly half of the UK’s residential estate and lettings agency branches.
We have to take a step back to see how this level of success has been achieved. OTM was created from Agents’ Mutual, whose board membership included Savills, Knight Frank, Strutt & Parker and Chestertons. These heavyweight names were reacting in response to what was and is regarded as the level of control exerted notably by Rightmove, which currently has virtually total market penetration. It’s worth pointing out that Rightmove was created in a similar way by Countrywide, Connells, Halifax and Royal & Sun Alliance.
However, since their inception, estate agents have subsequently sold down their holdings in…
Why doesn’t Rightmove create its own co-working business?
Estate Agent Today, July 11, 2018
I loved my Foxtons office. I started in the Battersea branch. It was the old-style office; traditional carpets, actual properties in the windows for people to stare at as they passed and it smelt slightly damp.
I went to open and expand the Putney office after a year. I saw it evolve from the old-style to a brand new sparkly one with a coffee machine, free fizzy water and fancy coffee. I was proud to work there and even prouder to see the evolution of the high street estate agency as others followed suit.
We became a collective of estate agency bars rather than offices. People would often walk in and mistakenly ask for a coffee thinking we were a cafe.
Foxtons set the trend for fancy offices. Some followed the trend; others most certainly did not.
This was nearly 20 years ago and it was a time when the office still mattered; it had a purpose. It was key to maintaining lead generation, branding, culture and local reputation.
Foxtons stood out from the crowd and people wanted to visit just to see what the experience was like (and to get a fancy coffee). Rightmove, Zoopla and the rest hadn’t got a stranglehold on the market at this point – we still generated our own leads.
Does the office really have a place today other than to be the ultimate (and very expensive) water cooler? A place for people to gather, chat through their deals and have a good old-fashioned banter about how ridiculous a particular vendor or landlord is.
Shouldn’t we be looking at alternatives? Take the huge surge in valuations of businesses like…
The Rightmove money machine – is it running out of steam?
Estate Agent Today, June 8, 2018
A leading property industry analysts says Rightmove may be amongst the top portals in the industry worldwide, but it is facing a challenging future because it has not diversified.
Mike DelPrete – former head of strategy at the property portal Trade Me in New Zealand and now a respected international real estate consultant – says that despite Rightmove’s dominance in the UK and hugely impressive profitability, “it has not diversified its products or revenue streams beyond the core listing advertising business.”
He adds: “This strategy has served the business well for the past decade, but the business faces a coming dilemma. Does Rightmove need to change its strategy?”
DelPrete makes his comments in a new report, The Future of Real Estate Portals, which has been released this week; he is making a ‘special offer’ to Estate Agent Today readers to buy a copy at a discounted price (details below).
And interestingly the analysis comes as Rightmove is beginning to be a target for OnTheMarket – another portal concentrating on listings rather than diversification.
The analysis DelPrete puts forward is done through a number of slides, using information taken from annual reports, presentations and other industry analyses – we’ve reproduced two of the slides in this story.
He starts by pointing out that while Rightmove’s agency inventory has continued growing, the proportion of its revenue achieved directly from agents has for some five years at least stayed roughly static at a little under 80 per cent. Rightmove succeeds currently because it monopolises the portal market in the UK: it says 73 per cent of time spent on the top four portals overall is spent on Rightmove.