Impressive Q1 FY23 Results (?), page-7

  1. 7,863 Posts.
    lightbulb Created with Sketch. 2487
    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.
    Last edited by JoeGambler: 17/11/22
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$238.88
Change
3.110(1.32%)
Mkt cap ! $31.54B
Open High Low Value Volume
$236.58 $239.04 $236.05 $7.558M 31.83K

Buyers (Bids)

No. Vol. Price($)
8 77 $238.86
 

Sellers (Offers)

Price($) Vol. No.
$238.92 6 2
View Market Depth
Last trade - 13.18pm 31/07/2025 (20 minute delay) ?
REA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.