Disruptive technology

August UK housing snapshot: the song remains the same

  • Companies : OnTheMarket plc | Purplebricks Group plc | Rightmove 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 42.9p
ASOS plc NEUTRAL 29/09/21 N/A N/A 667p
Auto Trader Group plc NEUTRAL 24/01/22 N/A N/A 637p
Auto1 Group SE NEUTRAL 09/02/22 N/A N/A 1031c
Baltic Classifieds Group plc NEUTRAL 09/08/22 N/A N/A 131.0p
boohoo group plc OUTPERFORM 22/09/21 N/A N/A 40.9p
Carvana Co NEUTRAL 09/02/22 N/A N/A 3278c
Cazoo Group NEUTRAL 08/09/21 N/A N/A 5318c
Darktrace plc NEUTRAL 11/08/22 N/A N/A 501.6p
Deliveroo plc OUTPERFORM 18/01/22 N/A N/A 80.0p
Delivery Hero OUTPERFORM 18/01/22 N/A N/A 4020c
DoorDash Inc NEUTRAL 18/01/22 N/A N/A 5888c
GB Group plc OUTPERFORM 11/08/22 N/A N/A 438p
HelloFresh SE OUTPERFORM 09/02/22 N/A N/A 2317c
In the Style Group plc NEUTRAL 09/08/22 Outperform 22/09/21 27.5p
Just Eat Takeaway.com OUTPERFORM 18/01/22 N/A N/A 1594c
Made.com Group plc OUTPERFORM 30/08/22 Neutral 26/07/22 7.9p
Marks Electrical Group plc NEUTRAL 26/07/22 N/A N/A 62.5p
Moonpig Group plc NEUTRAL 06/10/21 N/A N/A 171p
musicMagpie plc NEUTRAL 29/09/21 N/A N/A 30.5p
Naked Wines plc NEUTRAL 06/10/21 N/A N/A 116p
On the Beach Group plc NEUTRAL 06/10/21 N/A N/A 120p
OnTheMarket plc NEUTRAL 09/08/22 N/A N/A 90.0p
Purplebricks Group plc NEUTRAL 24/01/22 N/A N/A 17.2p
Rightmove plc OUTPERFORM 24/01/22 N/A N/A 602p
Sosandar plc OUTPERFORM 26/07/22 N/A N/A 18.3p
Virgin Wines UK plc NEUTRAL 26/07/22 N/A N/A 56.0p

DAVY VIEW

The UK housing market appears to be slowing but at a (thus far) genteel rate as July approvals were essentially flat, just below the long-run average. The sentiment-led Twindig index, +0.6% in August, suggests that the dynamics were ‘as expected’ and the song remains the same. No imminent market crash, although prospects of a slowdown remain very real.

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Sep 5 2022, 07:00 IST/BST

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