Rightmove (RMV)

Sector:

Real Estate

Index:

FTSE 100

745.20p
   
  • Change Today:
    -1.40p
  • 52 Week High: 761.60
  • 52 Week Low: 518.40
  • Currency: UK Pounds
  • Shares Issued: 776.77m
  • Volume: 3,093,332
  • Market Cap: £5,788m
  • RiskGrade: 130
  • Beta: 0.03

Rightmove to respond 'in due course' on new £6.1bn offer from REA

By Frank Prenesti

Date: Monday 23 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Rightmove on Monday said it would respond to a third offer from Rupert Murdoch's REA Group for the UK housing portal valuing it at £6.1bn, "in due course".
REA's offer is worth 770p per Rightmove share, made up of 341p in cash and 0.0422 new REA shares. The first approach on 5 September of 705p per share, or £5.6bn, was rejected by Rightmove which said it "fundamentally" undervalued the company. On Friday the offer was sweetened by £300m.

Owen Wilson, chief executive of the Australian digital property business, said he was "genuinely disappointed at the lack of engagement by Rightmove's board".



In response, Rightmove chair Andrew Fisher said its board was " confident in the company's short and long term prospects, and sees a long runway for continued shareholder value creation".

"Based on the implied value and structure of REA's first and second indicative non-binding proposals, we considered these proposals to be uncertain, highly opportunistic and unattractive. Accordingly, the Board unanimously rejected them.

"The board will continue to act on behalf of our shareholders and respond to the most recent proposal in due course."

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rightmove Market Data

Currency UK Pounds
Share Price 745.20p
Change Today -1.40p
% Change -0.19 %
52 Week High 761.60
52 Week Low 518.40
Volume 3,093,332
Shares Issued 776.77m
Market Cap £5,788m
Beta 0.03
RiskGrade 130

Rightmove Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.29% below the market average99.29% below the market average99.29% below the market average99.29% below the market average99.29% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
82.65% above the market average82.65% above the market average82.65% above the market average82.65% above the market average82.65% above the market average
94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average
Income
91.23% below the market average91.23% below the market average91.23% below the market average91.23% below the market average91.23% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
12.94% below the market average12.94% below the market average12.94% below the market average12.94% below the market average12.94% below the market average
15.15% above the sector average15.15% above the sector average15.15% above the sector average15.15% above the sector average15.15% above the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 3
Sell 5
Strong Sell 2
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rightmove Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Apr-25 26-Sep-24
Paid 23-May-25 25-Oct-24
Amount 6.10p 3.70p

Trades for 30-May-2025

Time Volume / Share Price
16:43 224 @ 745.20p
16:42 224 @ 745.17p
15:47 0 @ 746.00p
15:47 1 @ 746.00p
16:40 1,153 @ 745.20p

Rightmove Key Personnel

CEO Johan Svanström

Top of Page