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Aug 2 2022, 08:00 IST/BST
Disruptive Technology
July UK housing snapshot
- Sectors : Disruptive Technology
- Companies : Naked Wines plc | In the Style Group plc | musicMagpie plc | Deliveroo plc | DoorDash Inc | Just Eat Takeaway.com | Auto Trader Group plc | Carvana Co | Cazoo Group | Purplebricks Group plc | On the Beach Group plc | AO World plc | Delivery Hero | ASOS plc | Rightmove plc | boohoo group plc | Moonpig Group plc | HelloFresh SE | Auto1 Group SE
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 | 44.5p |
| ASOS plc | NEUTRAL | 29/09/21 | N/A | N/A | 1038p |
| Auto Trader Group plc | NEUTRAL | 24/01/22 | N/A | N/A | 646p |
| Auto1 Group SE | NEUTRAL | 09/02/22 | N/A | N/A | 855c |
| boohoo group plc | OUTPERFORM | 22/09/21 | N/A | N/A | 64.3p |
| Carvana Co | NEUTRAL | 09/02/22 | N/A | N/A | 3017c |
| Cazoo Group | NEUTRAL | 08/09/21 | N/A | N/A | 3915c |
| Deliveroo plc | OUTPERFORM | 18/01/22 | N/A | N/A | 93.0p |
| Delivery Hero | OUTPERFORM | 18/01/22 | N/A | N/A | 4781c |
| DoorDash Inc | NEUTRAL | 18/01/22 | N/A | N/A | 7203c |
| HelloFresh SE | OUTPERFORM | 09/02/22 | N/A | N/A | 2793c |
| In the Style Group plc | OUTPERFORM | 22/09/21 | N/A | N/A | 36.5p |
| Just Eat Takeaway.com | OUTPERFORM | 18/01/22 | N/A | N/A | 1926c |
| Moonpig Group plc | NEUTRAL | 06/10/21 | N/A | N/A | 204p |
| musicMagpie plc | NEUTRAL | 29/09/21 | N/A | N/A | 45.0p |
| Naked Wines plc | NEUTRAL | 06/10/21 | N/A | N/A | 156p |
| On the Beach Group plc | NEUTRAL | 06/10/21 | N/A | N/A | 108p |
| Purplebricks Group plc | NEUTRAL | 24/01/22 | N/A | N/A | 15.0p |
| Rightmove plc | OUTPERFORM | 24/01/22 | N/A | N/A | 655p |
DAVY VIEW
For the first time in a while, approvals and transaction volumes have fallen below long-run averages. The UK housing market appears to be slowing, mortgage rates are rising and mortgage approvals and transactions declining. The sentiment-led Twindig index, up +7.2% in July, suggests the slowdown was widely expected and, thus far at least, within the parameters of expectation.
