Good Morning,
Zoopla ZPLA shall be simply covered with, "The
Group has experienced UK Agency membership churn in the period due to increased
competition, notably from the launch of Agents' Mutual and its restrictive
'only one-other portal' rule. However, churn levels have slowed significantly
over the past few months and are returning towards normal historic levels. At
the same time the Group has seen strong growth in membership numbers across its
other channels including the growth in its newly established dedicated
commercial property offering which had 182 members at 31 March 2015."
Are the shorts going to be honoured on Hanergy?!?!?! Surely those
margined/leveraged Chinese traders have not "done" one.
The member numbers are rather compelling, with the market
laughably under-estimating the "transition" with OnTheMarket.com. The
ARPA (Average Revenue per Advertiser) improves seem to buck the trend, of for
how long as advertisers realise there's room for "adjustment."
In contrast ZPLA "expect agency churn to return to
normal historic levels over the coming months as we remain by far the best
value digital marketing proposition available to property professionals in the
UK." One assumes they're being forced to be more competitive and
parties would be wise to consider the "best value" statement. Over to
Rightmove (RMV), whom may have fared a little better, with a share buyback,
means RMV is partially indemnified (at the moment.) RMV are purchasing circa 5%
of the volume per day via the buyback authority for up to 15% of equity, some
11% further authority left (approx.)!
Apart from the obvious elements and basic trading on ASX for
iron ore where the price dropped, so "the obvious candidates" made
trading easy, save for Mount Gibson that seems to be in a world of its
own! WSJ article pretty much covers it.
Maybe more later, including Gulf Keystone (GKP), where the
market reaction are perhaps being a little harsh! Time for some homework there,
although before people get upset, its obviously got risks. Plus some Sound Oil,
where the market appears have capped the price out pending more news!
