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Rightmove (RMV)

Sector:

Media

Index:

FTSE 250

Market Cap

£219.81m

Change Today

Price Down-3.50p (-1.84%)

Share Price

187.00p

Rightmove Overview

Founded by three of the UK’s largest estate agency chains – Halifax, Countrywide & Connells – Rightmove is a property internet portal. Over half of all UK estate agents advertise their properties on the website, enabling users to see homes for sale or for letting all over the UK. The company floated with plans to specialise in producing Home Information Packs but this has since been dropped after a government u-turn on the idea.

1 Day Chart (03-Dec-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 4.3% 5.0%
Div Cover 2.3 2.2
Op Mrgn 46.6% 52.5%
ROCE 550.2%  

Valuation

Latest F'cast
P/E 10.0 8.7
PEG 0.1 0.6
Pr/Revenue 3.9 3.1
Pr/Book 17.7  

Growth

Latest F'cast
Revenue 68.7% 26.6%
PBT 94.6% 39.1%
EPS 78.7% 15.6%
DPS 77.8% 20.7%

Rightmove Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-05 18.20 7.11 3.79p n/a n/a n/a n/a 0.0%
31-Dec-06 33.63 13.94 10.45p 37.8 0.2 +176% 4.50p 1.1%
31-Dec-07 56.71 27.12 18.67p 24.9 0.3 +79% 8.00p 1.7%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

Rightmove Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 71.82 37.72 21.59p 8.7 0.6 +16% 9.66p 5.0%
31-Dec-09 64.50 32.31 20.06p 9.3 n/a -7% 10.36p 5.3%

Covering analysts: Blue Oar Securities, Goldman Sachs, Investec Securities, KBC Peel Hunt, Merrill Lynch, Numis Securities, Oriel Securities, Panmure Gordon, Shore Capital Stockbrokers, Teathers Limited, WH Ireland

Rightmove Company Announcements

Holding(s) in Company 14-Nov-2008 16:16 PR Newswire
Holding(s) in Company 14-Nov-2008 13:02 PR Newswire
Interim Management Statement 13-Nov-2008 07:00 PR Newswire

Rightmove ShareCast News

Sunday tips round-up: G4S, Rightmove, C&C 16-Nov-2008 ShareCast
Friday newspaper round-up: Easyjet, Barclays, BT 14-Nov-2008 ShareCast
London close: Miners, financials hold back Footsie 13-Nov-2008 ShareCast

Rightmove Top Newspaper Links

Rightmove loses 300 estate agents a month 13-Nov-2008 Daily Mail
Jobs crisis deepens as BT slashes 10,000 13-Nov-2008 Daily Mail
Rightmove to cut 20% of staff 24-Oct-2008 The Scotsman

Latest Rightmove Director Deals

No deals were found in the last 28 days.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

Rightmove Market Data

Currency UK Pounds
Share Price 187.00p Price Down
Change Today -3.50p
52 Week High 540.00
52 Week Low 173.00
Volume 729,526
Shares Issued 117.55m
Market Cap £219.81m
Beta 0.78
RiskGrade 334

Rightmove Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.02% below the market average73.02% below the market average73.02% below the market average73.02% below the market average73.02% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
12.11% below the market average12.11% below the market average12.11% below the market average12.11% below the market average12.11% below the market average
21.99% above the sector average21.99% above the sector average21.99% above the sector average21.99% above the sector average21.99% above the sector average
Income
11.52% below the market average11.52% below the market average11.52% below the market average11.52% below the market average11.52% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
87.25% above the market average87.25% above the market average87.25% above the market average87.25% above the market average87.25% above the market average
87.79% above the sector average87.79% above the sector average87.79% above the sector average87.79% above the sector average87.79% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 5
Sell 2
Strong Sell 3
Total 10
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rightmove Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Sep-08 09-Apr-08
Paid 10-Oct-08 13-May-08
Amount 3.00p 6.00p

Trades for 03-Dec-2008

Time Volume / Share Price
16:35 11,587 @ 187.00p
16:33 50,000 @ 187.64p
16:29 1,113 @ 186.00p
16:26 239 @ 186.00p
16:26 432 @ 186.25p

Rightmove Key Personnel

Chair Scott Forbes

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).