Largest property website in the UK - Rightmove (RMV.L)
Private equity firm has quietly built up a 5% stake in the last few months
\~80% market share, 19 P/E, rising FCF and falling debt over the past 5 years, £5mil in debt and £40mil in cash, and rejected a takeover bid with 50% upside in 2024
The UK govt have also just passed a law ending minimum tenancies for renters allowing for a more fluid rental market and more eyeballs on the website
[https://www.rightmove.co.uk/](https://www.rightmove.co.uk/)