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Results: OTMP
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OnTheMarket (#OTMP) – H1 reduced adj. profit noting “strategic investments”, argues “weighted towards H2”
- 2022-10-13 07:30:04
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OnTheMarket (#OTMP) – FY revenue “slightly ahead of market consensus”, “looks to the future with confidence”
- 2022-01-21 07:32:07
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OnTheMarket (#OTMP) – H1 adj. revenue +24%, “looks to the future with confidence”
- 2021-10-12 07:31:12
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OnTheMarket (#OTMP) – exercises call option to acquire 80% of Glanty Ltd it does not own
- 2021-03-22 07:29:48
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OnTheMarket (#OTMP) – notes “strong performance over Christmas and through January”
- 2021-02-22 07:27:06
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OnTheMarket – I having warned in October… now “Directorate Change and Trading Update”…
Previously writing on agent-backed property portal company OnTheMarket (OTMP), in October with the shares at 83.5p I concluded so it’s a ‘supplemented offering’ as a result of conditions deteriorating, with the company’s cash already squeezing and brand awareness important for growth. There’s dilution as “we continue to convert agents to full-tariff, long-term contracts with share issuance” but I suggest there could also be much more dilution required not too far down the line due to the financial position. Thus, in all, certainly not one I’d want to own currently. Today a “Directorate Change and Trading Update” announcement including a “pleased to provide” update on trading – so positive then? Er…
- By Steve Moore
- 2020-03-09 11:32:46