I bought $RMV.L (Rightmove PLC) after $CSGP (CoStar Group Inc) announced their entrance in the Uk. The stock price fell strongly. But the good thing about companies with MOATS is that they keep competition aside. Despite the great competitive pressure of OnTheMarket, Rightmove keeps increasing profits, maintaining margins, and increasing users.
Will the competition keep pushing? It is possible. But the MOAT is strong.
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Sun Oct 06 2024 11:34:57 GMT+0000 (Coordinated Universal Time)