Zoopla Property Forum

Read Beaufort Securities's note on Zoopla, out this morning, by visiting Research Tree: "Zoopla performed strongly in H1 2016 with record revenues and enhanced margins. The Property Services division performed as per expectations and reported 12 consecutive months of UK Agency partner growth. The number of property listings grew to 854,000, showing a rise in the number of property partners. On the other hand, the Comparison Services segment outperformed expectations, with the uSwitch brand continuing its strong market hold. The energy vertical's growth was driven by a higher volume of switching during winter. Zoopla recorded strong traffic of over 300 million visits to its websites and apps, with more than 68% via mobile. The company continued product innovation and integration with the launch of new tools for both consumers and professionals. In addition, Zoopla's acquisitions and investments would enhance its consumer experience and help build the ultimate home-related lead-generation platform. The company remains committed to shareholders as it announced higher dividends payable. We believe Zoopla is comfortably placed to continue its growth momentum in the second half of the year. Therefore..."

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Any real reason for the drop today guys? Didnt think the report looked bad at all. Anyone think P/E is a little high?