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
$215.36 |
Change
-0.480(0.22%) |
Mkt cap ! $28.45B |
Open | High | Low | Value | Volume |
$216.65 | $216.90 | $212.17 | $43.04M | 199.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 104 | $215.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$216.10 | 11 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 104 | 215.200 |
1 | 566 | 214.930 |
1 | 832 | 214.890 |
1 | 186 | 214.750 |
1 | 566 | 214.660 |
Price($) | Vol. | No. |
---|---|---|
216.100 | 11 | 1 |
216.500 | 566 | 1 |
216.570 | 70 | 1 |
216.650 | 104 | 1 |
216.770 | 566 | 2 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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