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
Results & reports
2020
Date | Title | Format |
---|---|---|
20-Nov-2020 | Issue of Equity and Total Voting Rights | ![]() |
29-Oct-2020 | Issue of Equity and Total Voting Rights | ![]() |
13-Oct-2020 | Investor presentation - Introduction to OnTheMarket | ![]() |
13-Oct-2020 | Interim results to 31 July 2020 | ![]() |
13-Oct-2020 | Interim results presentation to 31 July 2020 | ![]() |
30-Jul-2020 | Voting results: AGM 2020 | ![]() |
03-Jul-2020 | Annual Report for the year ended 31 January 2020 | ![]() |
11-Jun-2020 | Full-year results to 31 January 2020 | ![]() |
11-Jun-2020 | Full-year results presentation to 31 January 2020 | ![]() |
2019
Date | Title | Format |
---|---|---|
10-Oct-2019 | Interim results to 31 July 2019 | ![]() |
10-Oct-2019 | Interim results presentation to 31 July 2019 | ![]() |
21-Jun-2019 | Annual Report for the year ended 31 January 2019 | ![]() |
13-Jun-2019 | Full-year results to 31 January 2019 | ![]() |
13-Jun-2019 | Strategy and performance delivery update - June 2019 | ![]() |
21-Feb-2019 | Strategy and performance delivery update - February 2019 | ![]() |
2018
Date | Title | Format |
---|---|---|
11-Oct-2018 | Interim results to 31 July 2018 | ![]() |
11-Oct-2018 | Interim results presentation to 31 July 2018 | ![]() |
15-Jun-2018 | Annual Report for the year ended 31 January 2018 | ![]() |
12-Jun-2018 | Full-year results presentation to 31 January 2018 | ![]() |
07-Jun-2018 | Full-year results to 31 January 2018 | ![]() |
Regulatory news
Financial calendar
Financial calendar
Updates relating to the Company’s financial calendar will be available here.
2020
Date | Event |
---|---|
30-Jul-2020 | Annual General Meeting 2020 |
11-Jun-2020 | FY19/20 full year results released |
31-Jan-2020 | End of FY19/20 |
2019
Date | Event |
---|---|
10-Oct-2019 | Interim results |
16-Jul-2019 | Annual General Meeting 2019 |
13-Jun-2019 | FY18/19 full year results released |
31-Jan-2019 | End of FY18/19 |
2018
Date | Event |
---|---|
11-Oct-2018 | Interim results |
31-Jul-2018 | End of H1 FY18/19 |
11-Jul-2018 | Annual General Meeting 2018 |
07-Jun-2018 | Full year results |
09-Feb-2018 | Admission on AIM |
31-Jan-2018 | End of FY17/18 |
Interviews
Interviews
-
Elevator pitch with OnTheMarket plcVox Markets
01-Dec-2020 · runtime: 07:55 -
Interview with Clive Beattie – Going for growthSharebuyers
16-Sep-2020 · article -
Mello Virtual EventMello
13-Jul-2020 · runtime: 29:22 -
One2One Investor ForumProactive Investors
18-Jun-2020 · runtime: 30:21 -
Interview with Clive Beattie, Acting CEOVox Markets
15-Jun-2020 · runtime: 15:05 -
Interview with OnTheMarket’s Clive BeattieProactive Investors
15-Jun-2020 · runtime: 08:30 -
Podcast with Clive Beattie and Justin WaiteVox Markets
12-Jun-2020 · runtime: 17:04 -
Interview with Clive Beattie, Acting CEOEdison 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:
Shareholder | Shares Held | % |
---|---|---|
Schroder Investment Management | 3,636,363 | 5.1 |
Jason Walker | 3,298,484 | 4.6 |
The Major Shareholders information was last updated on 13 October 2020.
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
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