REA Group profit down 13%

Despite relentless spruiking:

 

Would it not follow that if market activity is depressed ie there are less properties being listed, some closures/mergers of agencies and other developers having moved on or gone into bankruptcy, there would be a corresponding reduction in listings? The silver lining is that there has been an increase in activity in their Asian markets.

 

So what is your point ? Good results considering market conditions. It is no secret listing have been down, They are now increasing . Clutching at straws to find something negative. You selectively pick a morsel of negativity but don't show the positives. New investment doing well,USA 2% growth in revenue, Asia 5% growth . A 4% reduction in operating costs!. How are the competitors doing ?

 

I bought my first tranche of REA in October 2010 at $12 per share (now $113). They are now my largest individual share holding of my portfolio at 11%.

REA’s total returns for last 12 months is 51.5%.

Since my first purchase (over 9 years ago), their total returns have been 31.23% pa.

Shocking performance .

Wish I had use that money to buy property .

 

Despite their “poor” performance, REA shares went up 3.1% today .

That is a total return of 12.84% so far in 2020.

How awful !!!!