Professional
Added to YB: 2024-10-10
Pitch date: 2024-09-30
RMV.L [bullish]
Rightmove plc
+2.68%
current return
Author Info
No bio for this author
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally.
Market Cap
GBP 4.9B
Pitch Price
GBP 6.20
Price Target
N/A
Dividend
1.52%
Sector
Interactive Media and Services
Category
value
L1 Long Short Fund Limited Portfolio Holding: Rightmove plc
RMV.L: UK's top real estate marketplace (80% traffic/leads) rejected REA Group's 40% premium bid. Double-digit earnings growth potential, cyclical housing market upside. Attractive 2025 P/E <22x, discount to peers. Strong network effects. Positive long-term outlook despite takeover disappointment.
Read full article (1 min)