Good morning!
Thanks for your suggestions.
Let’s take a look at:
Onthemarket (LON:OTMP)Morses Club (LON:MCL)Castleton Technology (LON:CTP)National Milk Records (OFEX:NMRP)
Onthemarket (LON:OTMP)
Share price: 81.75p (-2%)No. of shares: 64 millionMarket cap: £52 millionInterim Results
Please note that I own shares in Rightmove (LON:RMV), so I’m not exactly disinterested when it comes to the success or failure of Onthemarket.
This update show good growth in the number of branches listed (up 28% in the year) and excellent growth in traffic, with a 75% increase in the number of site visits.
I also note that its stock of available property has improved, and its stock is now c. 64% of Rightmove’s.
It generated far fewer leads per property advertised than Rightmove, but it claims that if you adjust for how much more expensive Rightmove is, that it offers twice as much value (i.e. leads per pound spent).
The rate it uses for this calculation is £331/month, which is the rate at which long-term contracts are offered to agents, for 3 or 5 years.
It also offers short-term,…
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