Stock Market News
OnTheMarket adds 2,000 branches to service in just over 2 months
OnTheMarket, the operator behind property portal OnTheMarket.com, said on Wednesday that it has signed agreements with over 2,000 offices in the two and a half months since its admission to AIM.
As of 25 April, the company had entered into listing agreements with estate agents that have a total of more than 7,500 UK stores thanks to strategies such as the use of free or discounted introductory rates to rapidly expand its customer base.
OnTheMarket also said it was fast catching-up to competitors Zoopla and Rightmove, which have 14,775 and 17,626 respective branches in their service.
Ian Springett, chief executive of OnTheMarket, said: "We are extremely pleased to be continuing to exceed our own expectations and to have reached this latest milestone. As we sustain this pace, we are strongly encouraged by the growing agent support and feedback to our proposition to create an agent-backed, full scale challenger portal that disrupts the existing duopoly."
The company has also seen quick growth in the number of visitors to its website, with 13.7m users in April compared to just 5.5m in the same month the previous year.
Reflecting the above growth, OnTheMarket had increase the size of its sales team from 15 to 32 people.
As of 1604 BST, OnTheMarket's shares were up 5.07% at 145.00p.
As of 25 April, the company had entered into listing agreements with estate agents that have a total of more than 7,500 UK stores thanks to strategies such as the use of free or discounted introductory rates to rapidly expand its customer base.
OnTheMarket also said it was fast catching-up to competitors Zoopla and Rightmove, which have 14,775 and 17,626 respective branches in their service.
Ian Springett, chief executive of OnTheMarket, said: "We are extremely pleased to be continuing to exceed our own expectations and to have reached this latest milestone. As we sustain this pace, we are strongly encouraged by the growing agent support and feedback to our proposition to create an agent-backed, full scale challenger portal that disrupts the existing duopoly."
The company has also seen quick growth in the number of visitors to its website, with 13.7m users in April compared to just 5.5m in the same month the previous year.
Reflecting the above growth, OnTheMarket had increase the size of its sales team from 15 to 32 people.
As of 1604 BST, OnTheMarket's shares were up 5.07% at 145.00p.
Related share prices |
---|
OnTheMarket (OTMP) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price