RIGHTMOVE PLC (RMV)

RIGHTMOVE PLC (RMV)

Blog posts

GB Group, Social Media, Rightmove and Alliance Trust

Yesterday I attended the Annual General Meeting of GB Group (GBG) in Chester. An absolutely horrendous road journey both there and back mainly due to road works as far as I can tell. But my satnav took me on the M25, M11, A14, M6, M54 and numerous minor roads on the way there from south-east London, and the M6, A50, M1, A14, M11, M25 and other minor roads on the way back. A typical example of how the UK road network ...

Persimmon Pay and Rightmove Results

This morning the directors of Persimmon (PSN) gave in to demands to revise the benefits they would get from their LTIP scheme. This has drawn lots of criticism from investors, even institutional ones who voted for the scheme a few years back. They clearly either did not understand the workings of the scheme or did not understand the possible implications. I voted against it at the time as a holder of shares in this company, but then I do against most ...

Rolls-Royce and Other AGMs

Yesterday I attended the Annual General Meeting of Rolls-Royce Plc - held at 11.00 in Nottingham (at a conference centre on the University Park). Why move the venue from London where it has been held since 2004? Probably to attract a more sympathetic audience of ex-employees I suspect. Shareholders in Rolls-Royce don't need to be told that this company is going through a rough patch. Profits in the last two years have been miniscule, the dividends have been cut and even revenue ...

Zoopla and Rightmove – are they a cosy duopoly?

Zoopla Property Group listed on the stock market on the 18th June. It's an opportune time to review that company and its main competitor, Rightmove, because you can read the IPO prospectus of the former on the web. A prospectus always discloses more information than you will normally get although Rightmove is also quite open with information. These two companies are the gorillas in the on-line property advertising market with Rightmove being larger in size but Zoopla apparently growing more rapidly.  In ...

AGM Reports

Rightmove Plc (RMV) AGM 2018

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 ...

Rightmove Plc (RMV) AGM 2016

Yesterday, after a dire three-hour journey ending with a spot of light jogging I attended the Annual General Meeting of Rightmove Plc at the central London offices of UBS. Just like the last 2 years the AGM was held at 10.00am – even after the complaints from Roger Lawson to the board members. I did ask the Chairman after the meeting if we could move the meeting even one hour later, but I’m not sure if anything will come of it. Rightmove ...

Rightmove (RMV) AGM Report 2015

This will be a short report on the Rightmove Annual General Meeting today (7/5/2015) as it was a very short meeting - over in about 35 minutes. As last year it was held at 10.00 am at the UBS offices in the City of London - despite the fact that I complained about the time last year. Clearly my complaint fell on deaf ears but I repeated it to several directors later. The attendance of shareholders was minimal as last year, probably ...

Rightmove (RMV) AGM Report 2014

I attended the Annual General Meeting of Rightmove Plc (RMV) today, held at the offices of UBS in the City of London. The time was set for 10.00, which may explain why only one other ordinary shareholder turned up (who did not ask any questions), but the directors were late from their board meeting held prior which explains why we did not start until 10 minutes past the hour. I did advise the Chairman later that he might get more attendees ...