Rightmove : CMD feedback: priorities and associated resources clearly defined for the coming years with margins at 70% from 2024
>FY 23 ARPA guidance raised, as with our estimates for the year - Rightmove yesterday afternoon held its CMD and provided more visibility on its product portfolio and outlook for the medium to long term, explaining its updated strategic plan and updated financial targets. Rightmove's update was encouraging given the significant macroeconomic headwinds impacting the UK property market, showing the strength of its business model. The group started by discussing its FY ...Rightmove operates as an online property portal. Co. provides consumers with a place to search and research U.K. property and by providing its customers a place to reach home hunters. Co.'s segments are: The Agency, which provides resale and lettings property advertising services on Co.'s platforms; and The New Homes, which provides property advertising services to new home developers and housing associations on Co.'s platforms. Co.'s customers are primarily estate agents, lettings agents and new homes developers advertising properties for sale and to rent. Co. also provides software, delivering data, market insight and tools that provides insight, analysis and risk assessment tools.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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