IPP 0.00% $3.98 iproperty group limited

Ann: Proposed merger between iProperty Group and REA Group, page-23

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  1. 616 Posts.
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    Premium was already built into the share price ever since they picked up their first parcel.

    We're talking about a company worth $700m that is yet to make a profit.

    REA is going to need to get this acquisition earning circa 70m a year just to get a 10% p.a return on investment, this is considerably lower than the 40% returns that they have been able to generate on the current equity. There is going to be a lot of pressure on them to get this right otherwise they've just destroy a lot of shareholder value.
 
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