PEXA dont care if properties price fall or rise, they make money on transaction volume related to properties
so in a down turn, people force to sell, or home owner upgrading or investor selling it all add to volume.
The existing stock is there the question is how often do they change hand? and that will determine transaction volume.
Not everything is online with PEXA so they maybe able to offset decline volume with more stuff moving into PEXA online
currently net cash 50m is bloody impressive, it just spit out cash like crazy
- Forums
- ASX - By Stock
- LNK
- Ann: COVID-19 pandemic,market volatility & withdrawal of guidance
Ann: COVID-19 pandemic,market volatility & withdrawal of guidance, page-11
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online