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Jun 8 2022, 07:00 IST/BST
Disruptive technology
May UK housing snapshot
- Companies : Rightmove plc | Purplebricks Group plc
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| AO World plc | NEUTRAL | 22/09/21 | N/A | N/A | 74.1p |
| ASOS plc | NEUTRAL | 29/09/21 | N/A | N/A | 1456p |
| Auto Trader Group plc | NEUTRAL | 24/01/22 | N/A | N/A | 577p |
| Auto1 Group SE | NEUTRAL | 09/02/22 | N/A | N/A | 924c |
| boohoo group plc | OUTPERFORM | 22/09/21 | N/A | N/A | 77.0p |
| Carvana Co | NEUTRAL | 09/02/22 | N/A | N/A | 2541c |
| Cazoo Group | NEUTRAL | 08/09/21 | N/A | N/A | 10253c |
| Deliveroo plc | OUTPERFORM | 18/01/22 | N/A | N/A | 96.7p |
| Delivery Hero | OUTPERFORM | 18/01/22 | N/A | N/A | 4015c |
| DoorDash Inc | NEUTRAL | 18/01/22 | N/A | N/A | 6993c |
| HelloFresh SE | OUTPERFORM | 09/02/22 | N/A | N/A | 3566c |
| In the Style Group plc | OUTPERFORM | 22/09/21 | N/A | N/A | 88.0p |
| Just Eat Takeaway.com | OUTPERFORM | 18/01/22 | N/A | N/A | 2138c |
| Moonpig Group plc | NEUTRAL | 06/10/21 | N/A | N/A | 253p |
| musicMagpie plc | NEUTRAL | 29/09/21 | N/A | N/A | 50.0p |
| Naked Wines plc | NEUTRAL | 06/10/21 | N/A | N/A | 351p |
| On the Beach Group plc | NEUTRAL | 06/10/21 | N/A | N/A | 198p |
| Purplebricks Group plc | NEUTRAL | 24/01/22 | N/A | N/A | 17.5p |
| Rightmove plc | OUTPERFORM | 24/01/22 | N/A | N/A | 574p |
DAVY VIEW
As per the capital markets, observers of the UK housing market are confused. May 2022 produced another drop in the sentiment-led Twindig index (down 3.4%), triggered by rising mortgage rates and falling mortgage approvals and transactions. May spells the end of the pandemic highs, but it is too soon to say if we fall below historic norms. We see two competing forces at play – the ‘race for space’ versus the cost-of-living crisis.
