OnTheMarket impressive financial performance (Analyst Interview)

OnTheMarket plc (LON:OTMP) is the topic of conversation when Robin Savage, Research Analyst at Zeus Capital joins us on DirectorsTalk. Robin talks us through the key points from the company interim results, how this affects the forecast model and whether the results change Robin’s view on the company value / share price.

Questions we asked Robin were:

Q1 OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, has released its interim results to 31 July … what are the key points?
Q2 Does this mean you are going to change your forecasts in any way?
Q3 How do these results impact your view of OTM’s value & share price?

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    OnTheMarket revenues up 28% to £10.2 million

    OnTheMarket plc (LON:OTMP), the majority agent-owned company which operates the OnTheMarket.com property portal, has announced its unaudited interim results for the six months ended 31 July 2020. Highlights Period ended 31 July 2020 2019 Change Group revenue £10.2m