Comparison of Listed Stocks (Oct 08)
November 5, 2008 by Simon Baker · Leave a Comment
In this month’s comparison we can see that the down turn in the global market is continuing to have an impact on the listed property portal sites with most seeing their share prices down month on month. The companies with a the biggest decline were move.com, loopnet.com, rightmove.co.uk and entreparticuliers.fr. Some of these sites hit 12 month lows.
One site to buck the trend was seloger.fr in France who recorded a 14% share price increase following the announcement of its financial performance for the first 9 months of the year.
Finally, it should be noted that while the share prices decrease for these companies, the underlying fundamentals continue to improve as they are mostly market leaders and they continue to have revenue increases while maintain strong margins.
The remainder of the article looks at the overall month on month changes in share price, market cap and the key ratios.
Roland Tripard Appointed CEO of seloger.com
November 4, 2008 by Emma Sorensen · 1 Comment
seloger.com, France’s leading online real estate player, announced on Monday that Roland Tripard has been appointed CEO.
Winners and Losers from the Global Financial Crisis
October 27, 2008 by Simon Baker · 3 Comments
Top property portal sites around the world have announced layoffs. What does the global financial crisis mean for the rest of the property portals? Who will be the winners and losers?
Comparison of Listed Stocks (Sep 08)
October 9, 2008 by Simon Baker · Leave a Comment
In this month’s financial comparison we can see that the down turn in the global market is having an impact on the listed property portal sites with their share prices down month on month. The companies with a the biggest decline were move.com, seloger.fr, rightmove.co.uk and entreparticuliers.fr. Some of these sites hit 12 month lows.
It should also be noted that the movement in currencies has impacted the REA Group as the Australian dollar falls against the US$.
Finally, it should be noted that while the share prices decrease for these companies, the underlying fundamentals continue to improve as they are mostly market leaders and they continue to have revenue increases while maintain strong margins.
The remainder of the article looks at the overall month on month changes in share price, market cap and the key ratios.
Seloger Acquires Agorabiz to Enter Commercial Market
September 16, 2008 by Simon Baker · Leave a Comment
Groupe Seloger has just announced that is has acquired AgoraBiz - a commecial real estate and businesses for sale site. The AgoraBiz site focuses at the small to medium end of the market and carries 31,000 small and midsized offices, store fronts and businesses for sale. AgroaBiz also runs an Expert’s Club which brings together all professionals involved in the business buying and selling process. These experts include real estate agents, business brokers, lawyers, notaries, business advisors and accountants. Seloger will pay cash for the acquisiton and it was reported that revenues are insignificant and primarily consist on membership fees for the Expert’s Club.
Group Seloger Acquires Belle Demeures
August 30, 2008 by Simon Baker · 1 Comment
Group Seloger, the owner of the largest property portal site in France - seloger.com, recently acquired the Belle Demeures Group which consists of a monthly print publication of top end properties and a web site (www.belledemeures.fr). The Belle Demeures Group targeted top end properties and therefore this is likely to be a move for Seloger into this segment of the market. The business was acquired for 3.5 million Euro.
Having acquired combined print and online businesses before (Squarefoot in Hong Kong and Albabworld (now propertyfinder.ae) in Dubai) i can say that there is some merit in taking this approach. The acquisition will bolster their revenue however it will come at the cost of margin. The majority of the revenues are likely to come from the print publication and the hope of management at Group Seloger will be to convert the print based advertisers into online advertisers.
What is interesting, is that i believe Seloger used to publish some print publications around the New Homes market and slowly closed these down due to the cost of running them and due to the significantly lower margins versus online.
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