a few observation to make at the back of REA's announcement today:
1. REA probably gain momentum at the cost of OTH
2. OTH's shocking balance sheet 2014 probably laid hint for the current in fight, 5mil a year depreciation on software, you wonder how much they have been wasting in years
3. its the market up move of 500 point holds OTH at the current sp, I would have thought 10c discount at least based on current situation
bright side:
1. I know someone took over real estate website allhomes.com.au for 50mil including paying debts, so OTH might have priced itself quite well for TO.
OTH Price at posting:
58.0¢ Sentiment: None Disclosure: Not Held