I know how book values work. And was just giving a basic reason as to why it is expensive. But that is not the only reason. Anyone who thinks REA is still good valued with a 14.5x book value, 35 PE and a 5 billion market cap for a real estate marketing company. Really needs to rethink their logic. Even though it has already fallen from the high $40s back down to where it is now. The book value has hardly moved and is still only around 14.5, down from 15.5. It still has a long to way fall. I have stated this a few times that a book value of around 3 would be the top end they should be. And believe based on my charts that the share price is now resetting's its self back to a more realistic price level. After years of overshooting its self. Also remember they are burning through cash fast. Way to fast for my liking. In the past 6 months alone they have gone through a few hundred million. And when i last looked are almost out of cash. We also have a overheated real-estate market. Which I think is about to peak and starts its natural decline. All this will be very negative for this stock and many others including bank shares. So the only direction i can see them heading is down.
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Last
$196.82 |
Change
-0.150(0.08%) |
Mkt cap ! $26.00B |
Open | High | Low | Value | Volume |
$195.72 | $199.97 | $194.78 | $25.02M | 127.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1591 | $196.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$197.09 | 113 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1250 | 195.770 |
1 | 150 | 195.100 |
4 | 687 | 195.000 |
2 | 135 | 194.800 |
2 | 130 | 194.790 |
Price($) | Vol. | No. |
---|---|---|
198.210 | 25 | 1 |
199.970 | 350 | 1 |
200.270 | 66 | 1 |
200.560 | 200 | 1 |
203.000 | 150 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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REA (ASX) Chart |