A big premium no doubt, however a price well down on the peak MC had traded at in prior years.
I would argue it was the profit decline and share price weakness that created the opportunity in the first place, but it does appear the MC board drove a hard bargain.
If you have an edge in acquiring customers, a brokerage business is extremely attractive. It is otherwise capital light and essentially clips the ticket on activity.
I think REA have a good edge in driving customers to MC so I'm fine with them bolting on, albiet less attractive than the core, businesses that enhance the absolute profitability of REA.
They have a massive audience, so why not try to funnel that into a mortage pre approval while your searching for a property? Sounds good to me.
anyway, yes capital allocation is a common critique of the company. India is currently a big drag so that in a sense is a leap of faith.
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- Impressive Q1 FY23 Results (?)
REA
rea group ltd
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$237.86

Impressive Q1 FY23 Results (?), page-7
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Last
$237.86 |
Change
1.770(0.75%) |
Mkt cap ! $31.42B |
Open | High | Low | Value | Volume |
$235.22 | $239.67 | $234.21 | $32.40M | 136.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 82 | $237.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$238.20 | 37 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 82 | 237.820 |
1 | 33 | 237.260 |
1 | 5 | 236.300 |
1 | 241 | 234.500 |
7 | 395 | 234.310 |
Price($) | Vol. | No. |
---|---|---|
238.200 | 37 | 1 |
239.030 | 97 | 2 |
239.040 | 525 | 2 |
239.220 | 207 | 1 |
239.360 | 171 | 1 |
Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
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REA (ASX) Chart |