Rightmove share prices hit a 52-week high this week to reach 3,956p.
The price compares with a 52-week low last December of 2,101p.
Rightmove’s market capitalisation is over £3.72bn but could climb to over £5bn, some analysts are predicting.
Rightmove shares hit a 52-week high
Comments (15)
Robert,
You mentioned in a post yesterday about Rightmove that early adopters and market leaders can be overtaken by later rivals.
True …
If they have a superior product and service,
The problem is … OTM doesn’t.
If, as AM claim, buyers and sellers alike prefer OTM’s “clean and uncluttered design devoid of ads or inaccurate valuation tools” and by definition reluctantly use RM and Z because there is no alternative … then OTM’s advertising should have been based around highlighting this supposed USP.
However, I doubt there is any independent market research that backs up AM’s claim and that the ‘uncluttered’ thumbs up have come from AM members , their staff, relatives and assorted sycophants.
Until OTM, or any other portal, comes up with a real USP which is of massive benefit to buyers, sellers or both … they don’t stand a chance of knocking RM off its No.1 spot.
There’s little point trying to knock Rightmove off its market leading position agents have put 15 years into putting it there. There is point in controlling excessive profit and demanding more cash is invested back into the product to make it better.
Ladies & Gentlemen of PIE….. in the spirit of Xmas I have decided to start a Spellcheck/Anger Management Charity for the benefit of danny Cratchett, Tiny Tim’s little mentioned brother.
Anyone wishing to donate virtually please click on “Like” in this post and I will gather these together and send them on to danny Cratchett.
A Merry Portal Xmas to one & all.
danny….. can you tell me the Winning Lottery Numbers for tomorrow please, thanks.
Congrats danny. You have undoubtedly won the award for the ‘Most Delusional Posting On Any Story Ever In The Entire Universe’
Sorry if that sounds a bit over the top but it seems to chime with your style of prose.
Couldn’t agree more. Truly awful grammar and sentence construction too, it’s like reading a child’s homework.
You really have no idea what’s going on here have you GPL , I’ll try my best to educate you. It’ll be a little like the time I tried to teach my couch how perform open heart surgery. Springett and the former founders of the prime location website have for together and formed “agents mutual” a warm fuzzy club where they tell the average joe that portals are bad … Grrrr, they charge you too much …argh … Rebel and be free … And join our fee paying portal . Since then they have pretty much openly indicated that they fully intend to be for the top5% of their client base , sponsoring countrylife and opening an overseas section ……and you still don’t care ??? Knight frank ,Savills et all have managed to in effect get their Primelocation site back without putting up any capital …. Nobody’s risked their house …. Springett gets a nice salary and gets his central London office back . Don’t forget is banging on about leaving Zoopla …. Which owns Primelocation … Which is the market he’s fighting for . Meanwhile Rightmove gains a position that becomes almost unsurpassable and not a sausage from OTM HQ, do you want to know why GPL , well I’ll tell you anyway ……they…..don’t……care. Yep , in a year or so they won’t need it , they’ll remove all the high end stock from Rightmove as well making OTM for million pound properties only , you’ll have to go their to see any stock over a certain band, the Savilles and knight frank type stuff. They will push away the yaught from the dock quaffing champagne and let you worry about your £3000 Rightmove Bill , you may here the sound of upper class laughing from time to time as Ian Springett regails his pals with stories of how he managed to convince an entire industry that portals where so bad they needed another …for him and his mates ….. There , lesson over
You really have no idea what’s going on here have you Danny? I’ll try my best to educate you, it’ll be a little like the time I tried to tell GMGPS that Think property shouldn’t be given away and should remain in the group ( with some tweaking and updating) as a profit generator and product focus.
There is nothing much wrong with Rightmove other than they charge too much and are arrogantly dismissive of agents concerns’ over their [RM] profit margin when agent fee incomes are reduced by the market or increased competition.
Zoopla is a a sector failing project that is now evolving into a different business model, it has attempted to disrupt and conquer and has achieved partial success, but that is in decline now as will the disruption it has created.
(replace word Zoopla)… OnTheMarket is a sector failing project that is now evolving into a different business model, it has attempted to disrupt and conquer and has achieved partial success, but that is in decline now as will the disruption it has created.
Excluding the ‘different business model’ bit, until they remove the one other portal rule that is.
On the market has a contractual 5 year tenure, Zoopla doesn’t. The Zoopla executive seem hell bent on evaporating the goodwill advantage they had over Rightmove and seem determined to display their contempt for agents in general whilst they engage in an ego fuelled slanging match with OTM
On the market has a contractual 5 year tenure,…
I haven’t heard of ANY agents being sued for breaking their 5 year contract which means either;
a) not one AM agent has abandoned ship, or
b) the 5 contract is as watertight as the Titanic.
Robert, which do you think is correct??
Where’s the options for;
the executive looked at the chances of recouping costs of pursuing a claim and worked out the risk didn’t warrant the expense or benefit given there is no cash in the agent’s account to start with.
it’s likely the agent will come back no point souring the relationship.
Actually everyone is relieved they’ve left, the quality average just went up.
Offer, acceptance and consideration exist, there’s been no breach on behalf of AM, so it’s a far more solid tie in than a 1 months notice either way.
What a load of whitewash!!
Just waiting to burst.