Jason Del Vicario
Rightmove PLC
RTMVY-N
TOP PICK
May 02, 2019
They are the top screening stock in the world. They own 70% of the search market in properties. Their metrics are crazy. They have no debt, are buying back stock and pay a dividend. (Analysts’ price target is $500.40)
(A Top Pick May 02/19, Down 12%) They are the UK version of MLS for real estate listings. They dominate the property search business there at 75%. Gross margins are 90% and net margins of 70%. They have been increasing average rent per user. Have no debt, carry cash and pay a nice dividend. The virus has reduced agent costs by 75% in the past quarter, but once this virus passes he expects things will return to relative normal. Down 40% from their highs. Amazin metrics. A screaming buy. He will add to his holdings when this pullbacks.