Shares in Zoopla start the new week of trading after hitting an all-time high last week, reaching 349p and being tipped to go as high as 390p.
Although ending the week down at 328.40, the price is way up from the start of the year when the shares hit a 52-week low of 189p. At launch on the stock market in June 2014, Zoopla shares were priced at 220p, so early investors will have been rewarded handsomely.
Robin Klein, on the board of Zoopla Property Group, has reportedly just spent over £100,000 on Zoopla shares, buying 30,750 at 325.77p.
Klein is renowned for his judgment, having been an early investor in the likes of LastMinute.com and Tweetdeck.
Zoopla founder Alex Chesterman recently made £13.8m from selling 4.25m shares at 325p.
The firm has said that it expects profits this year to be at the top end of market expectations of £69m to £76m.
Meanwhile, Credit Suisse has reiterated its ‘outperform’ rating of Zoopla and given a price target of 390p for the shares.
At its current share price, Zoopla Property Group’s market capitalisation is about £1.38bn.
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Comments (17)
Two comments. Firstly I agree with Robert and am not the least bit surprised to see the personal abuse. A rat in a corner comes to mind.
Secondly – I think there is an expression for the Zoopla action. Something to do with a fool and his money.
It was very obviously a careless, amateur, statement to garner favour with the industry, faux condemnation of a practice that benefits the portals as much as the agents who use portaljuggling as a surrogate mailing system.
It is deeply unlikely anyone with any understanding or authority responded to Eye’s original request for a statement about portal juggling, whoever it was has landed Zoopla in an almighty hole. Zoopla either have to permanently ban an agent who has been documented as continuing to portal juggle or they have to jointly ignore the TPO and NTSEAT and be complicit in deceiving the public.
I love the statement I haven’t achieved anything since resigning my directorship of CFP, I was so influential on the Jupix product PSG had to buy the firm to halt the migration away from its suite of legacy systems to Jupix. Getting portal juggling recognised as a breach of CPR and BPR isn’t a bad effort either.
Sticks and stones Robert.
It appears to me that some may need a fix to help to get them through the day which may influence such postings?
You, unlike most, have, with the help of others, actually highlighted a wrong doing, and influenced change for the better, unlike many protagonists who may value profit above moral right?
Thank you.
My next question is why some portals may believe that client and/or applicant information uploaded by agents or those applicants drawn in from these paying agents properties may be regarded as their own information/data to do with as they please?
Most agents solely pay portals to advertise their properties on a ‘No sale, No charge basis’ thereby paying upfront to attract this protected personal data twice?
Portals do not pay anything for this information and therefore should not have any potential claim to ownership of such?
Even FB and Google accept that to draw in such personal information they have to provide a fee service?
A real time data feed that agents have no choice but to use, is not the same, surely?
May I humbly suggest that this may be the next target of your very successful crusade?
Thank you Thomas (and other Eye readers) who posted in support of me yesterday. I resigned CFP because of the prospect of a modest and successful career going the way it would have gone if I had stayed. I grew CFP to a market dominant position, I helped Oliver and Tom develop Jupix, company and product, to the point where the prophesy I made to them and their staff on day 1 was fulfilled. Far from achieving nothing I pieced together both property management system and supporting systems that is ZPG property management. In terms of a robust digital business who else has created a system so robust it looks after itself with no significant change or input long after its architect leaves the building?
My resignation came about because of the breaking up of GMGPS when Mark Goddard wanted to sell Thinkproperty to Zoopla. There is a wonderful irony that Vebra, Core CFP are now effectively back together with Thinkproperty with the only difference being the company name. Rather than being someone who couldn’t cut it or comprehend a modern BIG DATA digital business, ZPG is getting close to what I told Mark Daruavlla we had a chance to create. Les Kirkpatrick didn’t listen, Mark Daruvalla didn’t listen but is very obvious Mark Goddard did. There is satisfaction in being right but more satisfaction in being respected.
I thank you all for the genuine respect you afforded me yesterday.
Mr Flowers et al
I didn’t post here yesterday for a reason.
One of the two(?) offending posters made reference to Robert’s ‘cohorts’ – no doubt I am seen as one of these, and in some respects I am exactly that.
We share a common aim – to improve the property industry in ways that others would prefer not happen.
Posters like the two(?) above are proof of this – and serve as just as good evidence of what is wrong than any of the mountain of digital information which we spend considerable time collating on a daily basis.
Robert clearly touched yet another raw nerve – of which there are many – to which all they can do is to fire off insult and libellous nonsense in retaliation.
Pathetic doesn’t begin to cover it.
One cannot ignore the share price is pretty good and anyone who ran a business with that sort of a record would be very happy with their effort. Where others may fee slightly negative is the issue of what looks like a success being rewarded by alleged wrong doing. Until such time as that wrong doing (if at all) is made public, it is only then that we should see a change in the market value. I can’t see the regulators fining them £multimillion, for that is probably the only way it would adversely effect Z shares. Anything else would be batted off from out of pocket expenses!
Anyone got the address for “Class Warfare”!
Was that really necessary? if you don’t like the comment then just click dislike, there is no need for personal abuse
Those who can’t successfully argue will resort to playground bullying!
I don’t suppose they commented on why they haven’t taken action against the firms who continue to portaljuggle in open defiance of NTSEAT and the redress schemes code of conduct, in spite of announcing they would permanently ban such firms.
Off topic yet again.
Robert – your rhetoric is repetitive and most of the time, boring. None of your numbers add up. None of your ‘concepts’ make sense.
In particular, where Zoopla are concerned you seem determined to cancel out good noise with your tightly held and insignificant beliefs of ‘injustice’ in the market. Grow up.
Senior executives investing at this level speaks volumes about their confidence in the business. That’s the point. Juggle that.
Come on digitalfix, we know we shouldn’t expect anything different than a negative post from May, everything he posts is negative unless its in praise of one of his little cohort’s comments. Its easy to understand though, its a combination of pure bitterness and an over-whelming misplaced sense of self-importance. Least we forget, here’s a guy who got the boot from CFP Software and has done absolutely nothing of any note or significance ever since. If he couldn’t cut it in sales at a small computer software firm imagine how completely unsuitable he is to comprehend how a sophisticated 21st century digital business operates. So in a desperate bid to stay relevant, whenever he sees a post about something he has no chance of ever being a part of he lashes out like a small animal. It’s really quite amusing.
So back to topic. Although I don’t list on Zoopla I will at least say well done, this is positive news for Zoopla and their 750 employees.
That is factually incorrect and a slight against me. Have you got a good lawyer? As Mark Goddard will testify I have
Anyone seen ‘digitalfix’ and/or ‘marketappraisal’ on here before?
Digital fix popped up to have a go at me on a previous story some month ago. market appraisal is new here and has made the mistake of slander on a public forum. I have instructed solicitors. Nick Salmon’s refusal to give me details of the poster has left me with no alternative but to deal with this formally.
I will tolerate quite a lot but I cannot ignore defamation of character and professional standing.
Good for you Robert, my mindset too.
I think your post says more about you MarketAppraisal than the person you’re trolling. Pathetic.