Rightmove Delivers Great Results As the Business Slows
February 28, 2009 by Simon Baker · 2 Comments
The Rightmove full year 2008 results show a year on year increase in revenues of 30.6% from £56.7m to £74m. In addition, they also increased profit by 36.8% from £18.6m to £25.5m. The underlying profit margin increased slightly from 33% to 34%. On the surface, these look like fantastic results, especially given the underlying market conditions. However closer analysis shows that the business will face some more challenging times in during 2009.
Is Rightmove a Takeover Target?
February 19, 2009 by Simon Baker · 1 Comment
An article appeared recently from Estate Agent Today speculating that rightmove.co.uk could be ripe for a takeover bid. The article discusses a report by an investment broker Teathers, who is rating the stock as a “buy” and is tipping the purchase of shares in Rightmove. Given the state of the market, the position and historic performance of rightmove, and the depressed state of its share price, it appears that Rightmove could be a good acquisition target. Here are our thoughts.
Zillow Turns 3 – What Have We Learned?
February 9, 2009 by Simon Baker · 21 Comments
This weekend Zillow announced on its blog that it had turned three. In this short time, Zillow has almost become a household name in the US and in January, they reported a record number of visitors to the site. It now seems a good time to look at what we can learn from the rapid growth of Zillow. Here are some lessons.
Top 5 Crazy Names For Property Portals
November 28, 2008 by Emma Sorensen · 7 Comments
Around the PPW office we’re always hearing of new portals with crazy names. So we thought we’d put together a list of our favourites.
EdenWay Network Joins Portals
November 26, 2008 by Emma Sorensen · 1 Comment
Germany’s leading property portal, immobilienscout24.de, is just one of the latest additions to the EdenWay Network. The EdenWay Network consists of a group of portals in Europe whose property listings are connected via the EdenWay Engine, making them available on each other’s websites.
realtor.com Leads but trulia.com Gains Ground
November 12, 2008 by Emma Sorensen · Leave a Comment
October Hitwise figures for real estate, based on US Internet usage, have been released.
realtor.com continues to dominate in both market share and search terms, while trulia.com makes small gains.
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