Updater gets moving on monetisation

Neil Carter

IFM Investors

Every year, there are around 17 million house moves in the US. As anyone who’s moved house in recent memory will confirm, it’s generally a frustrating and time consuming process. Updater (ASX:UPD) helps tenants update their address through mail forwarding, changing utilities, and getting a new cable provider.

Updater’s competitive advantage is a product of its business model and the first mover advantage. They become one of those fantastic network companies… For the number two coming into the market, what would they be offering over what Updater’s already doing?

In the below video, we take a deep dive into Updater and provide our thoughts on their current valuation.

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Neil Carter
Neil Carter
Global Co-Head of Listed Equities
IFM Investors

Neil is IFM Investors’ Global Co-Head of Listed Equities, responsible for managing all aspects of the firm’s active equities investment, advisory and management functions.

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