RTMVF - Rightmove: 14% Annualised Return Even If No Recovery Until 2022

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(We previously wrote about Rightmove as "Blue Sky Capital")

Introduction

We are upgrading our rating on Rightmove (RTMVF) (referred here as "RMV"), the #1 property portal in the U.K., from Neutral to Buy.

We have been following RMV closely, having initiated our coverage with a Buy rating in March 2019 (at 471.9p) ("Rightmove: High-Quality Business With 4% FCF Yield And 10% Growth"),

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