Home » News » Marketing » OnTheMarket slides into the red as it splurges on advertising and new staff previous nextMarketingOnTheMarket slides into the red as it splurges on advertising and new staffCompany’s half-year results reveal a £5.7m loss after spending £12 million on advertising and a large increase in IT, sales and customers service personnel.Nigel Lewis11th October 201802,002 Views OnTheMarket.com has revealed its first half-year results since joining the London Stock Exchange in February.They reveal an increase in revenue of £100,000 to £7 million, reflecting the high number of free introductory offers it has been offering the additional 5,600 branches it has signed up since going public.This has also pushed down its average revenue per agent to £153 a month from £194 during the same period last year.Following the £30 million raised from its share issue in February, the company’s results are skewed by the four-fold increase in marketing and recruitment signed off by CEO Ian Springett.This includes £12 million spent on a huge and ongoing TV and poster advertising campaign and a two-fold increase in its headcount including 25 additional field sales staff and a huge influx of over 30 new IT experts.Although the company still has plenty of cash in the bank, its losses have consequently been mounting over the past six months.It made an operating loss of £5.7 million or twice the loss compared to the previous half-year’s results and a whopping loss per share of £9.57p.“Compared with February 2018 when our IPO took place, OnTheMarket has doubled offices and properties listed, trebled monthly visit traffic and quadrupled email and telephone leads to agents,” says Ian Springett.“Our progress to date and the encouraging support for an agent-backed portal give us confidence that we can continue to build on this early growth to develop a market-leading, agent-backed portal. I am very pleased to report a strong start to the delivery of our transformational growth strategy following our Admission to AIM and associated capital raise.”Ian Springett OTM half-year results OnTheMarket OTM October 11, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021
By Dialogo August 08, 2013 In February 2013 the government enacted the Trafficking in Persons (Prohibition) Act which prohibits all forms of trafficking and prescribes punishments of one to eight years’ imprisonment, up to 12 years’ imprisonment if the victim is a child, and up to 25 years’ imprisonment in cases involving sexual assault or other aggravating circumstances. This law repealed and replaced the government’s previous anti-trafficking law. Notably, the new law elevated the offense of trafficking from a “summary offence” tried in the lower courts to an indictable offense tried before the Supreme Court. The prescribed maximum penalty of eight years’ imprisonment, up to 25 years’ imprisonment in some cases, is sufficiently stringent and commensurate with other serious crimes. During the reporting period, the government also passed the 2013 Commercial Sexual Exploitation Children (Prohibition) Act that criminalizes the facilitation of prostitution of children under 18 years of age. Additionally, sex trafficking and forced labor of Belizean and foreign women and girls, primarily from Central America, occurs in bars, nightclubs, and brothels throughout the country. Children and adults working in the agricultural and fishing sectors in Belize are vulnerable to forced labor. Forced labor has been identified in the service sector among the South Asian and Chinese communities in Belize, primarily in restaurants and shops with owners from the same country. In terms of prevention, the government continued to coordinate Belize’s anti-trafficking programs through an anti-trafficking committee of 13 agencies and NGOs chaired by a senior Ministry of Human Development official. During the year, the committee released a 2012-2014 anti-trafficking national strategic plan, which outlined steps to guide, monitor, and evaluate the government’s anti-trafficking efforts. The recently passed anti-trafficking law institutionalized interagency cooperation on trafficking in Belize by formalizing the role and responsibilities of the anti-trafficking coordination committee. The government continued its awareness campaign in English, Spanish, Mandarin, and Hindi. The report recommends that Belize proactively implement the recently passed anti-trafficking law by aggressively investigating and prosecuting forced labor and sex trafficking offenders, including officials complicit in trafficking; take steps to ensure the effective prohibition of the commercial sexual exploitation of children; seek criminal punishment for any guilty trafficking offender; monitor human trafficking trial procedures, and ensure trafficking offenders receive sentences that are proportionate to the gravity of the crime; complete the anti-trafficking committee’s development and implementation of formal procedures to guide officials in proactively identifying victims of sex trafficking and forced labor, including among migrant laborers and people in prostitution, and refer them for care; continue to increase partnerships with NGOs to address reintegration of trafficking victims in Belize; ensure identified foreign victims are not penalized for crimes, such as immigration violations, committed as a direct result of being subjected to human trafficking; and implement a targeted campaign educating domestic and foreign communities about forced domestic service and other types of forced labor, commercial sexual exploitation of children, and other forms of human trafficking. The number of traffic convictions or sentences is not included, and it’s the most important indicator. According to the Trafficking in Persons Report published in June 2013 by the U.S. Department of State, the Government of Belize does not fully comply with the minimum standards for the elimination of trafficking; however, it is making significant efforts to do so. The government enacted an anti-trafficking law late in the reporting period that raised penalties for human trafficking offenses. It also enacted a law prohibiting and punishing the commercial sexual exploitation of children under the age of 18. Belize is a source, destination, and transit country for men, women, and children subjected to sex trafficking and forced labor. A common form of human trafficking in Belize is the coerced prostitution of children, often occurring through parents pushing their children to provide sexual favors to older men in exchange for school fees, money, and gifts. Child sex tourism, involving primarily U.S. citizens, has been identified as an emerging trend in Belize.
Croatia ranks fourth in the world on this infamous scale, and Haiti, Venezuela and BiH are in a worse situation. Also on the scale below Croatia are Romania, Yemen, Moldova, Northern Macedonia and Serbia. But let’s get back to the topic. Croatia is the fourth in the world after the departure of the educated “Brain drain” (brain drain) is a specific form of population migration that refers to the departure of highly educated professionals, scientists and intellectuals of a country abroad. Logical, brain drain it occurs from underdeveloped or developing countries to developed countries. When we talk about human resources in tourism as well as the burning issue of the workforce in our tourism, a big “fight” is being waged and how to attract and retain existing staff in middle and senior management. A topic that is little talked about in public, and which is also extremely important and more than current. In a 4-star hotel where high quality of service is expected, and accompanied by a “high” price of accommodation, the receptionist can not work for a salary of 5.500 kuna, without knowing two or three foreign languages, has extensive experience, high communication skills etc.… One with the other just doesn’t go. Quality tourism, the future and sustainability are not built on labor imports. The Economist magazine, using data from the World Economic Forum (WEF) according to the Global Competitiveness (WEF) report for 2018, published on its LinkedIn profile an infographic listing the countries where brain drain occurs most. The future is not built on the import of labor, and without domestic labor there is no sustainable development In Germany March 01, 2020 new laws for skilled labor come into force in That is why a new law has been passed which expands the possibilities for qualified professionals from countries outside the European Union to come to Germany for employment. Germany is chronically short of skilled workers / Croatian citizens in Austria will be able to find employment without a work permit Since the beginning of July, Austria has been opening its doors to work and the restriction on the Austrian labor market has been lifted for Croatian citizens. Until now, workers from Croatia did not have full open access to the Austrian labor market and it is almost impossible to get a work permit in Austria today, but now everything is changing. From 1 July all Croatian citizens in Austria will be able to find employment without a work permit. With that date, Germany will be able to immigrate not only skilled workers and professionals, but also those who would be employed there according to their qualifications. And as we all know, it has been happening in Croatia for a couple of years, where a good part of the citizens moved to some other countries, looking for a brighter future, even though they had their housing and business issues resolved. However, they were not satisfied with the quality of life in Croatia, not with the opportunities for professional growth and development, with the general state of society, ie they did not see their future and perspective in Croatia. The reasons are many, and the facts are exact. It will be more than interesting to follow the Census to be held in 2021, especially since unofficial estimates say that Croatia’s population has fallen below 4,000.000. Source: The Economist, If we want to build tourism on quality, we also need quality workers, and they, as in any sector, cost money. The borders are open and the law of the market is simple.
The Australian sits on 13-under par at the half-way point in Florida Sweden’s Henrik Stenson is his closest challenger.Rory McIlroy will resume this evening from 2-under par.