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n00b Stock Pick!As promised here is my latest stock pick you all get to see for getting me to 1,000 followers - thank you
UK based real estate online portal - On the Market
Ticker - OTMP
Current price - £1.30
Current Market Cap - £90m
Ticker - OTMP
Current price - £1.30
Current Market Cap - £90m
Currently forecasting revenues of £18.5m - an increase of 30% year on year in a period where people were not even allowed to move for around 25% of the year
Site visits up NEARLY 50% in the year to January 20. And up 105% in the year prior to that
Site visits up NEARLY 50% in the year to January 20. And up 105% in the year prior to that
In the 6 months ended July 20 revenue was £10.2m, profit was £0.8m
COMPARE
July 19 revenue was £8.0m with a loss of £6.7m
Let the profitability sink in here....
COMPARE
July 19 revenue was £8.0m with a loss of £6.7m
Let the profitability sink in here....
The real comparison in the market here is Rightmove Plc who in a similar period saw revenues drop 34% and profit drop 43%
Bear in mind the Market Cap of Rightmove is also £5.61bn...
Bear in mind the Market Cap of Rightmove is also £5.61bn...
Key metric is site visits with them being an online portal
Rightmove = 1.5bn
On the Market = 237m
So we are looking at 1/6th market share BUT 1/60th market capitalisation
So is On the Market undervalued 10 fold given the market share vs market capitalisation?
Rightmove = 1.5bn
On the Market = 237m
So we are looking at 1/6th market share BUT 1/60th market capitalisation
So is On the Market undervalued 10 fold given the market share vs market capitalisation?
Also consider:
On the Market have access to properties 24 hours BEFORE Rightmove
On the Market are part owned by Real Estate Agents so they have an interested in its success
Revenue per advertiser at On the Market up by 15% compared to a 34% drop at Rightmove
On the Market have access to properties 24 hours BEFORE Rightmove
On the Market are part owned by Real Estate Agents so they have an interested in its success
Revenue per advertiser at On the Market up by 15% compared to a 34% drop at Rightmove
If you are interested and want invest then you can earn a share worth £100/$100 by simply using the link
http://trading212.com/invite/Gbast0Ny
http://trading212.com/invite/Gbast0Ny
Analysis and Opinions are my own. I am NOT a financial advisor. Please do YOUR OWN research
