Investors

Investment case

Our investment case

1. Positive market dynamics

  • We operate in a large fragmented market where there is strong structural shift to online property searches and lead generation
  • Our majority agent-owned model is attractive with growing sentiment against other providers not aligned with agents’ interests
  • Despite the short-term impact of COVID-19 on the UK housing market, market activity has rebounded strongly, with demand for homes exceeding supply, as consumers seek a larger property or a change in lifestyle

2. Strong agent ownership

  • Strong market support from estate and letting agents through equity ownership – majority agent-owned
  • Stable agent owner base, many on long-term contracts to 2023 and beyond
  • Authorised to issue shares to agents alongside paying contracts – strengthen agent ownership and support

3. Growing customer offering

  • Sustainably low, fair listing fees for agents with built-in caps in annual increases
  • Continuously developing valuable products and services to better serve agents and consumers
  • Seeking opportunities to invest in new technologies and partnerships to add value to agent and portal functionality
  • Broadening offering to new advertiser segments

4. Strong management with a clear strategy for growth

  • Strong, experienced Board and management team
  • Good revenue visibility with 3-5yr agent contracts
  • Strong operational focus on cost efficiencies and investment rigour
  • Net cash position, no debt*
  • Clearly articulated growth strategy to drive number of paying agents and new advertisers, increase portal visits and grow leads per agent

 

* Excluding deferred creditors

Results and reports

Regulatory news

Financial calendar

Financial calendar

Updates relating to the Company’s financial calendar will be available here.

2020

DateEvent
30-Jul-2020Annual General Meeting 2020
11-Jun-2020FY19/20 full year results released
31-Jan-2020End of FY19/20

2019

DateEvent
10-Oct-2019Interim results
16-Jul-2019Annual General Meeting 2019
13-Jun-2019FY18/19 full year results released
31-Jan-2019End of FY18/19

2018

DateEvent
11-Oct-2018Interim results
31-Jul-2018End of H1 FY18/19
11-Jul-2018Annual General Meeting 2018
07-Jun-2018Full year results
09-Feb-2018Admission on AIM
31-Jan-2018End of FY17/18

Interviews

Interviews

  • Elevator pitch with OnTheMarket plc
    Vox Markets
    01-Dec-2020 · runtime: 07:55
  • Interview with Clive Beattie – Going for growth
    Sharebuyers
    16-Sep-2020 · article
  • Mello Virtual Event
    Mello
    13-Jul-2020 · runtime: 29:22
  • One2One Investor Forum
    Proactive Investors
    18-Jun-2020 · runtime: 30:21
  • Interview with Clive Beattie, Acting CEO
    Vox Markets
    15-Jun-2020 · runtime: 15:05
  • Interview with OnTheMarket’s Clive Beattie
    Proactive Investors
    15-Jun-2020 · runtime: 08:30

  • Podcast with Clive Beattie and Justin Waite
    Vox Markets
    12-Jun-2020 · runtime: 17:04
  • Interview with Clive Beattie, Acting CEO
    Edison TV
    11-May-2020 · runtime: 14:33

Research

Analyst research

Share price

Shareholders

Shares issued

As at 31 July 2020, the number of ordinary shares of £0.002 in issue was 71,380,588. The Company does not hold any ordinary shares in treasury.

Major shareholders

As at 31 July 2020, the Company has been notified of the following interests in 3% or more of the issued ordinary share capital of the Company:

ShareholderShares Held%
Schroder Investment Management3,636,3635.1
Jason Walker3,298,4844.6

Shares not in public hands

In terms of AIM Rules revised in March 2018 and insofar as it is aware, as at 31 July 2020, 47% of the Company’s AIM securities was not in public hands. There are no shares held in treasury

Statement of the Rights of Shareholders

The rights of shareholders are governed by UK law.

Restrictions in transfer of AIM securities

There are no restrictions on the transfer of the Company’s AIM securities.

Details of other exchanges or trading platforms

The Company has not applied or agreed to have any of its securities (including its ordinary shares) admitted or traded on any exchange or trading platform apart from AIM.

Shareholder meetings and circulars

2020 Notice of AGM

2020 Results of AGM

Contacts and advisers

Investor contacts and advisers

Investor Relations Specialist Consultancy:
Equitory Ltd

investorrelations@onthemarket.com

Financial PR Adviser:
Tulchan Group
2nd Floor
85 Fleet Street
London EC4Y 1AE
T: +44 (0)20 7353 4200

Nominated adviser and joint broker:
Zeus Capital Ltd
82 King Street
Manchester M2 4WQ

Joint broker:
Shore Capital Stockbrokers Limited
Cassini House
57 St James’s Street
London SW1A 1LD

Auditors:
RSM UK Audit LLP
One London Square
Cross Lanes
Guildford GU1 1UN

Solicitors:
Eversheds Sutherland (International) LLP
One Wood Street
London EC2V 7WS

Registrars:
Link Market Services Limited
The Registry
34 Beckenham Road
Beckenham BR3 4TU

shareholderenquiries@linkgroup.co.uk