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UK stocks: why I’m taking a second look at this former FTSE 100 titan after H1 results
['Stephen Wright', 'Wed', 'August At Pm Bst', 'Min Read']
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The stock is down 44% from its 52-week highs and I've been wary of the way things have been developing.
High cash conversion: 98% of cash from operations converts to free cash flow.
Source: Fiscal.aiThe market sees artificial intelligence (AI) as a threat to Rightmove's business – and until recently, so did I.
It seems to be working…According to the latest results, Rightmove now runs 46 strategic AI initiatives.
Management says that early results show a 40% uplift in the average time customers spend on their site.