Rightmove’s interims provided further confirmation of its status as a tightly managed, highly cash-generative subscription-based business with a clear and consistent strategy, strong competitive position and attractive prospects. Despite a small cost-driven downgrade, we forecast strong EPS and DPS growth and our new 3,377p TP suggests RMV’s stock remains in fair value territory for now. That said, we would not discourage holders from taking some profit following a period of prono
17 Aug 2015
Impressive results
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Impressive results
Rightmove plc (RMV:LON) | 523 40.8 1.5% | Mkt Cap: 4,166m
- Published:
17 Aug 2015 -
Author:
Roddy Davidson -
Pages:
5
Rightmove’s interims provided further confirmation of its status as a tightly managed, highly cash-generative subscription-based business with a clear and consistent strategy, strong competitive position and attractive prospects. Despite a small cost-driven downgrade, we forecast strong EPS and DPS growth and our new 3,377p TP suggests RMV’s stock remains in fair value territory for now. That said, we would not discourage holders from taking some profit following a period of prono