AIM
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Latest property news
OnTheMarket urges agent shareholders ‘not to sell’
OnTheMarket chief executive Jason Tebb has written to agency shareholders urging them not to cash in their holdings when they become eligible next month.
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Purplebricks stocks sinks to all-time low of £2.09p a share
The Purplebricks share price has hit an all-time low of £2.09p a share following a four-month slide off its highest price of just over £5 a share.
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Latest property news
OnTheMarket at nearly 50% market share, but how many are on discount deals?
Challenger property portal OnTheMarket has now reached 9,000 listing agents, giving it just shy of 50% market share following its February AIM launch.
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Latest property news
D-DAY for OTM? Portal to reveal first audited results since flotation – on Thursday
OTM has announced that it's first year's audited accounts are to be released on Thursday, the first since it floated on AIM last year.
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Purplebricks CEO sells off shares worth £16m
Read how Purplebricks CEO Michael Bruce has sold off shares worth nearly £16 million as part of his company's recent investment deal with Axel Springer.
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Latest property news
OnTheMarket shares finally exceed original AIM launch share price
If you’re an agent who holds OnTheMarket shares then it may be time to celebrate. The company’s share price has finally recovered and today exceeded its original offer price of £1.63p from ten days ago. Trading in OnTheMarket shares peaked at £1.70p late this afternoon, the highest the share price has reached to date. At launch the share price dropped to a low of £1.40p but has since been climbing slowly to today’s high, helped by an upbeat announcement on Friday that included details of its strategy to both target smaller agents and tie-in larger agent groups to long-term deals. “The more agents who join now, the more we believe all agents and property-seekers will benefit in terms of the increased property stock at OnTheMarket.com,” CEO Ian Springett said in Friday’s statement. “We are focused on reaching out to agent firms across the country which can see the disruptive appeal of our proposition of sustainable fair pricing from an agent-backed portal.” Excited Springett is currently refusing all interview requests, but has been busy doing the rounds at agent gatherings, including at agent Jackson-Stops’ annual conference, at which he said he was “excited by progress”. During today’s session on AIM nearly…
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Features
Was it all purple? Who were the 2017 property industry winners and losers?
Overall the London Stock Exchange has risen by approximately 7% over the past 12 months although it featured some dramatic drops during February, May and September as Brexit has taken its toll. These have been mirrored within the property industry as both Brexit but also several much reviled government initiatives including higher Stamp Duty and the fees ban, have been announced. And the ten property sales and letting companies that list on the two main stock markets in London – the LSE and AIM – have been part of this story. Here’s how they’ve fared. Share prices Purplebricks – up by 152% After a stunning start to the year which saw its share price rise from £1.50 to £5.13 by August, a recent BBC investigation, several ASA reprimands and problems with review sites, investors have cooled their ardour for its stock, which finishes the year at £3.78p – but still 152% up on January. Savills – up by 41% While everyone’s been talking about Purplebricks, Savills share price has been skyrocketing without too many people noticing, up from £6.88 in January to £9.71 today – an increase of 41%, helped mainly by its global exposure to both booming commercial and…
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Agencies & People
Stock options
Buy, sell, hold? Overperforming, underperforming – what does it mean when Rightmove shares go up, or Barratt falls out of bed?
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