Disruptive Technology

October UK housing snapshot… should I stay or should I go?

  • Sectors : Disruptive Technology
  • Companies : Purplebricks Group plc | Rightmove plc | OnTheMarket 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 44.7p
ASOS plc NEUTRAL 29/09/21 N/A N/A 564p
Auto Trader Group plc NEUTRAL 24/01/22 N/A N/A 522p
Auto1 Group SE NEUTRAL 09/02/22 N/A N/A 682c
Baltic Classifieds Group plc NEUTRAL 09/08/22 N/A N/A 139.2p
boohoo group plc OUTPERFORM 22/09/21 N/A N/A 40.6p
Carvana Co NEUTRAL 09/02/22 N/A N/A 1353c
Cazoo Group NEUTRAL 08/09/21 N/A N/A 2779c
Darktrace plc NEUTRAL 11/08/22 N/A N/A 357.5p
Deliveroo plc OUTPERFORM 18/01/22 N/A N/A 87.2p
Delivery Hero OUTPERFORM 18/01/22 N/A N/A 3335c
DoorDash Inc NEUTRAL 18/01/22 N/A N/A 4353c
GB Group plc OUTPERFORM 11/08/22 N/A N/A 380p
HelloFresh SE OUTPERFORM 09/02/22 N/A N/A 2026c
In the Style Group plc NEUTRAL 09/08/22 Outperform 22/09/21 13.8p
Just Eat Takeaway.com OUTPERFORM 18/01/22 N/A N/A 1736c
Kainos Group plc NEUTRAL 06/09/22 N/A N/A 1237p
Made.com Group plc OUTPERFORM 30/08/22 Neutral 26/07/22 0.5p
Marks Electrical Group plc NEUTRAL 26/07/22 N/A N/A 64.5p
Moonpig Group plc NEUTRAL 06/10/21 N/A N/A 138p
musicMagpie plc NEUTRAL 29/09/21 N/A N/A 10.0p
Naked Wines plc NEUTRAL 06/10/21 N/A N/A 109p
On the Beach Group plc NEUTRAL 06/10/21 N/A N/A 103p
OnTheMarket plc NEUTRAL 09/08/22 N/A N/A 69.0p
Purplebricks Group plc NEUTRAL 24/01/22 N/A N/A 12.5p
Rightmove plc OUTPERFORM 24/01/22 N/A N/A 492p
Sosandar plc OUTPERFORM 26/07/22 N/A N/A 18.8p
Trustpilot Group plc NEUTRAL 06/09/22 N/A N/A 108.7p
Virgin Wines UK plc NEUTRAL 26/07/22 N/A N/A 50.5p

DAVY VIEW

Did we pass through the trough of despair, did uncertainty peak in October? It is not yet clear – mortgage approvals declined 10% year-on-year but both transactions and prices held steady. Mortgage rates will continue to rise and affordability will continue to be squeezed. However, the resilience in the market is already somewhat surprising, will it persist? Lloyds Bank called house prices down 8% next year. It supplies one in three mortgages in the UK but is traditionally cautious in its view… -8%, arguably, hardly a crash.

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Nov 2 2022, 07:00 GMT

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