REA Group profit down 13%

Discussion in 'Property Market Economics' started by Peter2013, 7th Feb, 2020.

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  1. Peter2013

    Peter2013 Well-Known Member

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    Despite relentless spruiking:

     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    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.
     
  3. Fargo

    Fargo Well-Known Member

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    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 ?
     
  4. kierank

    kierank Well-Known Member

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    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 :D.

    Wish I had use that money to buy property :eek:.
     
    wilso8948, Bunbury, willair and 2 others like this.
  5. kierank

    kierank Well-Known Member

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

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

    How awful !!!!
     
    Last edited: 7th Feb, 2020