nodebt
23 Aug 2016
Re: Is this the most overrrated stock on... My initial target is the trading band 4000 to 4050.Notice there are not many PI's on the BB advocating buying this share. I consider it a bad sign if the PI sees no value in it (contrast Sirius which I'm in on and there have been numerous PI advocates). Rightmove is seemingly propped up by institutions, and index trackers, perhaps attracted by a dividend which seems unsustainably generous compared to tapering growth projections.
Boring Bernie
23 Aug 2016
Re: Is this the most overrrated stock on... Back in March 2012 when the sp was ~1400p you were advocating a strong sell, and you said then you'd also been giving strong sell signs at ~1100p so you presumably lost out a couple of times ?Fair point on getting it wrong and being able to take it, recognising when you've got something wrong ( whether long or short ) is crucial in making money on the markets.We all make mistakes.So long as you're not greedy, I actually think you might be in with a shout of making a few quid this time. What's your target price and how long do you think it'll take to get there ?I won't be joining you, I'm just curious
nodebt
23 Aug 2016
Re: Is this the most overrrated stock on... Young ladyYou're right I shorted at 1200 or so. I lost up to £100 I would guess.I shorted again at 4250 or so yesterday. In the intervening period I ignored rightmove because I realised there are a lot of stupid people prepared to feed the housing market bubble.But it has to end at some time.Government policy looks to be tightening on btl. Stamp duty has gone up. There's an economic slowdown and people don't (voluntarily ) move in slowdown, they stay put and do up their places. I got it wrong before. I can take it. And if I get it wrong this time I can take it.
Boring Bernie
22 Aug 2016
Re: Is this the most overrrated stock on the... LadYou've been telling people to sell or short Rightmove for years, going back to when the sp was ~1100p. Now, sooner or later, you're likely to be right, but if you've still got your last short open from 2012 then it must be costing you a fortune.Best of luck with shorting RMV, I'm sure people who are skilled at that sort of thing can make money out of it, but I'd recommend you set a sensible stop loss so, to misquote The Who, you don't get stung again.Mind you, it might not be far off time to take some profits, but it's all too easy to underestimate the strength of this business
nodebt
22 Aug 2016
Is this the most overrrated stock on the UK market? Buying it's own shares overpriced! ...why? Could it be to make it's actual profit, growth, and accounts look better?The dividend was being maintained as growth is predicted to fall dramatically. Is that sustainable? I think not. But then I thought so a long a time ago!What effect will a post brexit house market slowdown have?They are pushing business development in commercial sales because residential has retrenched.I thought rightmove would see more competition before now. In terms of front end it's not the most difficult business model to replicate. To its credit, the cartel of shareholders in rightmove have probably helped hold it off giving favourable to deals to its baby rightmove compared to the prime location's etc. of this world. How long will it last ? Referral to UK competition authorities ?If you could set up a share and a time and place for a shorter this is it!
forddrive
28 Jul 2016
Rightmove Out of interest, this share was being shorted at around £5 only a few years ago!
Boring Bernie
27 Jul 2016
Interims So, growth continues at a pretty good paceLooks like we got marked up today partly because of macro-economic news and partly because of the ..."Rightmove's trading in July has been in line with the strong monthly revenue achieved in the first half of the year. Whilst the economic outlook is currently more uncertain due to the result of the EU referendum, the visibility provided by our subscription model coupled with the value provided by our products and the strength of the Rightmove brand and traffic give the Board confidence in delivering expectations for the current year" statement, which has probably allayed fears of a slowdown at Rightmove.
forddrive
24 Jun 2016
Re: heavily down Possible collapse in house prices. Stay clear.
Kool Keith
24 Jun 2016
heavily down Obviously I know why it's a blood bath today, but surprised Rightmove is down 12%.Is it employment uncertainty or am I missing something else?
Boring Bernie
02 Mar 2016
Last weeks results Well, as said in the report, "2015 continued to outperform expectations" and we're still growing at ~20% per annum so the shorters are probably still scratching their heads and wondering why things aren't going well for them. Happy days.If eps grow at between 15 and 20% this year then that'll put us at ~ 140 to 145 eps, so, as always, not cheap at about 27 times earnings at £40/share. Anything above £45 might have me thinking about taking some profits.
Boring Bernie
15 Oct 2015
Re: Boring Bernie So long as growth continues at a adecent rate, I'm not in any rush to sell mate. With no news being expected until Feb 2016 ( I'm assuming from what was said in the Interims there won't be an IMS ) the sp will probably drift down a bit, so now might be a good time to short it, but, realistically, is it going to drop much below £30 ?Each to their own like, but, if you want to short something, I'd say there are better places to place your bets.
IAmShareCrazy
08 Oct 2015
Boring Bernie I think now maybe the time to take your profits. I have tried shorting this before and didn't get the signals right. It still screams overvalued
E 37PEG 1.13Market to book 1,383.64 Price to sales 20.28On the tecnhicals
ouble moving average crossover coming.Large volume sellMoney flow indicators negative
Harvey Crosby
19 Aug 2015
Re: NEW ARTICLE: Time to take profits at Rig... See also:[link]
II Editor
18 Aug 2015
NEW ARTICLE: Time to take profits at Rightmove? "It's been an incredible ten months for LSE:RMV:Rightmove's shareholders, with the property portal's market value all-but doubling in the face of increased competition from newbie OnTheMarket.com (OTM). Even after Westhouse Securities fair value ..."[link]
Boring Bernie
29 Jul 2015
Interims Same old story with Rightmove. Consensus forecast for the year was about 10% growth in eps and, by all measures, we're above that at half timeUnderlying operating profit : Up 18%Underlying eps : Up 24%Basic eps : Up 18%Even PBT, which isn't in the headlines, is up 13%.The initial market reaction is positive ( sp up ~3.5% to ~3500p as I type ). My gut reaction is that we can't be far off the time where growth of ~20% is going to be tricky to sustain, so some time over the next 12 months might be a good time to take some profits, but I've been saying that for years. However, if it nudges over £40 before the finals then the temptation may well be too great to sell 25% or so.
