1.200dma 2. 50dma 3. 200dma

over 540p

Director Deals - Rightmove Plc (RMV)
BFN
Scott Forbes, Chairman sold post-exercise 600,000 shares in the company on the 1st December 2009 at a price of 541.32p. The Director now holds 619,000 shares.

Rightmove tumbles on talk of Google entering UK property market


The mighty Google strikes again. A report that the company is planning to move into the UK property market has sent shares in Rightmove tumbling by more than 10%.

Google is said to be talking to UK estate agents about launching a property portal, which of course would cut across Rightmove's business. Hence a 70.5p decline in the latter's share price to 488p.

But Lorna Tilbian at the company's broker has issued a note playing down the threat from Google. She said:

Google has launched a property site in Australia, and could extend this to the UK in 2010. We believe that such a move would be an attempt to drive traffic through its site, but do not believe that it poses a material threat to Rightmove.

In our view, Rightmove has a firmly established position as one of the UK's leading websites and has a commanding share of more than 80% of the four leading property portals. The value added by Rightmove in generating leads is clearly proven, and the cost of the product is a small component of an estate agent's cost base and remains modest in comparison with newspaper advertising.

Over 1100p soon I hope.

Rightmove are tipped in Shares magazine today Shares magazine share tips.

They've had a good run of late, well out-performing FTSE All Share Media.

But the housing market must be a concern for them?

Any thoughts?

House prices are stabilising, says Nationwide

SOLD TODAY

NOW OVER 1400p

A rather impressive chart, do they do a divi?

stan , impressive ?

Yes Fred very impressive

Final Divi 11p payed 8th May by the looks of things.

OVER 1600p

Rightmove is the market-leading home-search website. The company has flourished by providing a range of online services to estate agents across the UK.Between 2006 and 2011, Rightmove increased net profits tenfold. In that time, Rightmove's dividend has increased from 4.5p per share to 18p.Rightmove is not just a historic growth story. Analyst consensus is for another 33.7% increase in eps for 2012, followed by a 15.1% increase in 2013. The dividend is forecast to continue rising on a similar trajectory.Rightmove is great example of the internet disrupting an industry. Prior to Rightmove's rise, the most important advertising media for estate agents was local newspapers. Now, housebuyers look on the internet to find a new property.More growth has come from the premium services Rightmove offers agents that wish to promote their properties with maximum impact. The company's mobile apps have further revolutionised home search. The demand for these new initiatives will be integral to Rightmove cementing its dominant position

What a success story these have been, up over 3% on this update so far. http://www.moneyam.com/action/news/showArticle?id=4419201

Another one on the rise over the last month.

Final Results

Highlights:
· Revenue increased by 23% to £119.4m (2011: £97.0m)

· Underlying operating profit(1) increased by 26% to £87.5m (2011: £69.4m)

· Underlying operating margin(1) up to 73.3% (2011: 71.5%)

· Underlying basic earnings per share(1) up 31% to 65.7p (2011: 50.3p)

· Diluted earnings per share(2)up 40% to 59.2p (2011: 42.3p)

· 4.5m shares bought back during 2012 (2011: 4.4m) at an average price of £14.70 (2011: £11.10)

· Final dividend of 14.0p (2011: 11.0p) making a total dividend of 23.0p for the year (2011: 18.0p), up 28%

· Average revenue per advertiser (ARPA) up 19% to £529 per month (2011: £443 per month)

· Site traffic up 18% to 11.0bn pages (2011: 9.3bn pages)

Half Year results out http://www.moneyam.com/action/news/showArticle?id=4641649

foxt red cwd green