Ann: REA Group Q1 FY2015 financial information released, page-19

With due respect, this is complete and utter rubbish.

$2, being the upper range of your "valuation", means a market cap of $266m.

REA's cash in the bank is already $230m.

Every year, REA's business flows back $140m of free cashflow after capex spending.

So, in effect, your so-called value means that I can buy REA's business for less than $40m.

Seriously, what you are saying is complete nonsense.

If you are saying that your price targets are based on technical analysis, then that is fair enough. But if you are coming into areas of valuation, I suggest you stop making silly claims. I would expect better from someone with an alleged 20 years of experience in the market.