Added to YB: 2024-09-04
Pitch date: 2024-07-20
RMV.L [bullish]
Rightmove plc
-5.44%
current return
Author Info
No bio for this author
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Company Info
Rightmove plc, together with its subsidiaries, operates digital property advertising and information portal in the United Kingdom and internationally.
Market Cap
GBP 4.3B
Pitch Price
GBP 5.65
Price Target
N/A
Dividend
1.80%
EV/EBITDA
15.40
P/E
21.68
EV/Sales
10.53
Sector
Interactive Media and Services
Category
N/A
Show full summary:
Harding Loevner Global Small Companies Equity Portfolio Holding: Rightmove plc
RMV.L: UK's leading property portal (80% market share) withstands CoStar's aggressive entry via OnTheMarket acquisition. Network effects favor Rightmove; CoStar's marketing spend unsustainable. Shares recovered after initial 13% drop, as OnTheMarket fails to maintain 2nd place despite heavy promotion.
Read full article (1 min)