Onthemarket (OTMP)

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Onthemarket OTMP Logo

The agent-backed company which operates the OnTheMarket.com property portal.

7-Jun-2018 – 162p – £100.5m – PER n/a

Results For The 12 Months To End January 2018 – Revenue down from £17.8m to £16.0m and the Loss After Tax is -£12.1m (£4.0m last time).

First coverage here for me and it doesn’t seem to be going so well.  I am Neutral for now.

11-Oct-2018 – 137.5p – £84.3m – PER n/a

Interim Results For The 6 Months To End July 2018 – Revenue flat, Losses up.

I remain uninterested here still – Neutral.

13-Jun-2019 – 105p – £66m – PER n/a

Results For The 12 Months To End January 2019 – Revenue up slightly, Operating Loss of -£13.6m (+£3.9m last time), Cash at £15.7m.

I remain uninterested here until I see more progress, at the moment it seems too much like a coin flip to me.

10-Oct-2019 – 83p – £53m – PER n/a

Interim Results For The 6 Months To End July 2019 – Revenue up 8%, Losses higher, Cash down from £15.7m to £8.8m, web and mobile visits up by 75%, trading in-line with previous guidance.

I remain uninterested here but of course, keen to see how they progress, here’s to seeing the FY actuals.

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