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Rightmove shares offer
ReportInvestor
Posts: 3,646 Forumite
The Guardian
Are any of our estate agent friends likely to apply for shares in the Rightmove flotation due in March? I'd be interested in further details when they come out.
"...Rightmove said estate agents and new home developers could subscribe for up to £3,000 worth of shares for each branch or development they linked to the site..."
Are any of our estate agent friends likely to apply for shares in the Rightmove flotation due in March? I'd be interested in further details when they come out.
"...Rightmove said estate agents and new home developers could subscribe for up to £3,000 worth of shares for each branch or development they linked to the site..."
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Comments
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Wont these be offered to the public??If you found my comment helpful, please click the 'Thanks' button below :T0
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No, I'm afraid.
Rightmove naturally wants to keep its estate agents sweet, so they will benefit if the IPO is underpriced.0 -
Isn't anyone slightly suspisious at rightmove's attempt to reignite the market prior to their floatation.
What a nice way to ignite interest in the rightmove site by saying that prices rose 2.7%.
This is total rubbish. Rightmove is owned by the building societies. Who are fueling this boom in debt.
Last year this site had more viewings in the housing forum than anywhere else. I notice now 87 are viewing the debt forum with 27 viewing the housing forum and it's going to get worse.0 -
Hmmm. They wouldn't dare do that, would they :eek: ? These people have their professional reputation to consider.eurows wrote:Isn't anyone slightly suspisious at rightmove's attempt to reignite the market prior to their floatation.
What a nice way to ignite interest in the rightmove site by saying that prices rose 2.7%.
As new poster jonclarke suggests HERE the RightMove methodology could do with a tweak since they only compare initial asking prices.0 -
eurows wrote:Isn't anyone slightly suspisious at rightmove's attempt to reignite the market prior to their floatation.
What a nice way to ignite interest in the rightmove site by saying that prices rose 2.7%.
This is total rubbish. Rightmove is owned by the building societies. Who are fueling this boom in debt.
Last year this site had more viewings in the housing forum than anywhere else. I notice now 87 are viewing the debt forum with 27 viewing the housing forum and it's going to get worse.
I think RightMove is owned by estate agents (predominantly Countrywide), rather than Building Societies. The same sentiment still applies though!0 -
ReportInvestor wrote:Hmmm. They wouldn't dare do that, would they :eek: ? These people have their professional reputation to consider.
As new poster jonclarke suggests HERE the RightMove methodology could do with a tweak since they only compare initial asking prices.
Indeed. Aren't they obliged to be totally transparent on this kind of issue if they are considering a floatation. As a potential investor its the kind of thing I'd like to know.0 -
Just to clarify on who currently owns RightMove - from the Guardian:
"Two estate agents - Countrywide and Connells - and the banking group HBOS each own 30% of Rightmove, while the insurer Royal & SunAlliance holds the remaining 10%."
Connells, in turn, is 97% owned by Skipton BS.0 -
Bonanza time for estate agents as Rightmove's value soars to £500m on the first day of dealing
Shares close at 392p - sold to EAs at 325p.0 -
Reuters - Rightmove up another 4.65% yesterday to 410.5p
The EA bonanza gets better.
Over £700 profit each on a £3K stake.0
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