Have to agree with Value and Westwind, here we have a mini REA that could trump its size within 5 years if growth accelerates, remembering that online migration in SE Asia is rapidly increasing. I have no doubt that REA will try and grab control of IPP sooner than later but even if they don't plan B is better than plan A which is keep growing. Fundamentally we only need to look at companies which dominate their target market with their product to gain an understanding what's possible over the coming years. Best examples of course are REA, SEK, CAR just to name the Australians, it's even more interesting when you look at overseas peers like rightmove (UK) MC of $3.5B pounds or Zillow (US). I'd be happy just to ride this one for another 5 years to see where it took me as I'm very comfortable with where the company is at and heading. I have to keep repeating to myself not to do what I did when I bought REA at $2 and sold at $3. I thought I was a genius.....
IPP Price at posting:
$2.93 Sentiment: Hold Disclosure: Held
