RMV.L - Rightmove plc

LSE - LSE Delayed price. Currency in GBp
532.70
+12.70 (+2.44%)
At close: 4:35PM BST
Stock chart is not supported by your current browser
Previous close520.00
Open521.20
Bid531.20 x 0
Ask531.60 x 0
Day's range521.20 - 533.90
52-week range415.20 - 588.10
Volume1,342,774
Avg. volume2,289,770
Market cap4.718B
Beta (3Y monthly)0.61
PE ratio (TTM)28.34
EPS (TTM)18.80
Earnings dateN/A
Forward dividend & yield0.07 (1.31%)
Ex-dividend date2019-10-03
1y target est466.31
  • PR Newswire

    RIGHTMOVE PLC - Transaction in Own Shares

    21 August 2019 Rightmove plc Share buy-back programme Rightmove plc – Transaction in own shares Rightmove plc (“Rightmove”), the UK’s no. 1 property website, announces that today it purchased 115,000 of ...

  • Forget a Cash ISA! I think these 2 FTSE 100 growth stocks could help you make a million
    Fool.co.uk

    Forget a Cash ISA! I think these 2 FTSE 100 growth stocks could help you make a million

    These two FTSE 100 (INDEXFTSE:UKX) stocks appear to offer good value, in my view, and may offer higher returns than a Cash ISA.

  • UK house sales stronger than normal in August - Rightmove
    Reuters

    UK house sales stronger than normal in August - Rightmove

    August, normally a quiet month for Britain's property market, has seen a surge in sales, possibly due to buyers seeking to conclude transactions before the country leaves the European Union on Oct. 31, property website Rightmove said on Monday. Rightmove said sales in the August period, which cover the four weeks to Aug. 10, were 6.1% higher than a year earlier and their strongest for the month since 2015, bucking a generally sluggish trend since June 2016's referendum on leaving the European Union. "While the end of October Brexit outcome remains uncertain, more buyers are now going for the certainty of doing a deal, with some having perhaps hesitated earlier in the year," Rightmove director Miles Shipside said.

  • Is Rightmove plc (LON:RMV) Expensive For A Reason? A Look At Its Intrinsic Value
    Simply Wall St.

    Is Rightmove plc (LON:RMV) Expensive For A Reason? A Look At Its Intrinsic Value

    Today we will run through one way of estimating the intrinsic value of Rightmove plc (LON:RMV) by taking the expected...

  • Elliott Is Playing Hardball Again in Germany
    Bloomberg

    Elliott Is Playing Hardball Again in Germany

    (Bloomberg Opinion) -- Elliott Management Corp. is resuming confrontational activism in Germany, potentially reviving fears that “locust” funds are back and up to no good. Investors are probably being too skeptical that Elliott will be able to force positive change.The activist hedge fund has lambasted managers at Scout24 AG, a Frankfurt-listed online real estate and car classifieds business capitalized at 5.4 billion euros ($6 billion). They are a soft target. The company’s board backed a cheap bid from Scout24’s former private-equity owners in February, only to see shareholders resoundingly reject the offer in May. The debacle has exposed the group to the broader attack that bad management is the reason for the share price weakness which triggered the attempted takeover.Elliott has had some Teutonic success through behind-the-scenes activism with SAP SE and Bayer AG. Here, it’s publicly calling for a break-up and much more aggressive leverage, accusing management of a “shocking lack of ambition” that has left the shares trading at a near 25% discount to an estimated fair value of 65 euros share.The market isn’t so sure. Scout24’s shares barely moved in response. It’s not hard to see why. To get to this higher value would require an uplift in operating performance. Scout24 already trades on 19 times expected Ebitda, nestling between real estate and auto peers Rightmove Plc and AutoTrader Group Plc. That feels about right given it’s a hybrid of the two. To be worth substantially more, the company will have to lift revenue and margins while maintaining its valuation multiple. That probably means raising prices. Suppose Scout24 could lift Ebitda from the 321 million euros expected this year to 375 million euros, a 17% jump, and nudge its valuation multiple a little higher to 20 times. That would imply an enterprise value of around  7.5 billion euros. Deduct net debt and the equity would be worth 6.8 billion euros, or 63 euros a share. Increase leverage via a buyback and Elliott’s share price target isn’t far off. It’s easier said than done. Elliott reckons a sale or demerger of the auto arm would help speed things along. Not only would it likely fetch a full price if there were competing bids, but Scout24 management could focus on lifting the performance of the real estate business. Perhaps.The danger is that Elliott has made change harder to achieve by blatantly telling the board what to do. The forthcoming annual meeting will see three new directors nominated. That provides a chance for Elliott to put forward an alternative slate. But suspicions have lingered around hedge funds and private equity in Germany ever since 2005, when politician Franz Muntefering described them as “swarms of locusts” that devour companies and destroy jobs. Elliott’s approach may be friendly to other shareholders, but the firm will need to tread carefully if it ups the pressure. The best hope is that a bidder now surfaces with an offer for the auto business that management can’t refuse. That would give Scout24 management a pretext to re-think leverage levels for what remains and adopt much of Elliott’s thinking without it looking that way. But whether that happens is not in Elliott’s hands.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: Stephanie Baker at stebaker@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Here are two FTSE 100 stocks I’d buy for my ISA in August
    Fool.co.uk

    Here are two FTSE 100 stocks I’d buy for my ISA in August

    Edward Sheldon looks at two FTSE 100 (INDEXFTSE:UKX) stocks that he believes are priced to buy after recent pullbacks.

  • Forget buy-to-let! FTSE 100 growth stock Rightmove is a better way to play the property market
    Fool.co.uk

    Forget buy-to-let! FTSE 100 growth stock Rightmove is a better way to play the property market

    Harvey Jones says FTSE 100 (INDEXFTSE:UKX) property portal Rightmove plc (LON: RMV) is a better way to make money from bricks & mortar than buy-to-let.

  • PR Newswire

    RIGHTMOVE PLC - Acquisition(s)

    Rightmove plc (LSE: RMV.L), the UK’s number one property website, today announces the acquisition of 100% of the issued share capital of Van Mildert, a company that provides tenant referencing services and rent guarantee insurance products. Van Mildert has a strong brand and is well positioned within the rental marketplace. The products and operational experience of the company will further augment the Rightmove Tenant Passport proposition and Rightmove’s vision of servicing the under-served rental marketplace.

  • UK house asking prices slip for first time in 2019 - Rightmove
    Reuters

    UK house asking prices slip for first time in 2019 - Rightmove

    Asking prices for British homes fell this month for the first time this year as buyers' confidence took a hit from the escalating uncertainty around Brexit, property website Rightmove said on Monday. The average asking price for residential property advertised on Rightmove fell by 0.2% in July after a 0.3% rise in June. Compared with a year ago, prices were down 0.2%, Rightmove said.

  • Reuters - UK Focus

    UK house asking prices slip for 1st time in 2019 - Rightmove

    Asking prices for British homes fell this month for the first time this year as buyers' confidence took a hit from the escalating uncertainty around Brexit, property website Rightmove said on Monday. The average asking price for residential property advertised on Rightmove fell by 0.2% in July after a 0.3% rise in June. Compared with a year ago, prices were down 0.2%, Rightmove said.

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