On Friday I attended the annual general meeting of Rightmove Plc at the central London offices of UBS. For the few that haven’t heard of Rightmove, the company is the UK’s largest property portal, with over 1 million residential properties advertised on the website. Financial highlights from the year ending 31st December 2017 are revenue up 11%, operating profit up 10%, dividend up 14% giving a yield of 1.2%.
With only 1 other shareholder present (who I gather has been a long-term ...