Secondary Recommendation

Rightmove - Shares rocket dot come style on debut

April 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

In an apparent return to dot com style exuberance, shares in Rightmove, owner of the UK’s leading property website, rightmove.co.uk, flew 17% to 392p on its first day of dealings on 10 March and this after having floated at the top of its price range. Market value at today’s price is around £500m, more than enough to propel it into the FTSE-250. Founded in February 2000, rightmove.co.uk was established as a website where buyers and sellers can view and gather information about a range of residential property across the UK. Rightmove makes its money by charging estate agents, rental agents and new home developers fees to have their properties displayed on its website. Aided by the benefits of early mover ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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