More of the same from an incredibly high quality company really. It's the gorilla in the monkey house when it comes to this sector. The closest thing to a monopoly on the ASX, along with Carsales.
Expect growth to continue internationally as the Australian market get more mature, particularly with acquisition of the remainder of iProperty group. (Side note, Carsales chief Greg Roebuck has said the internet classifieds market in SE Asia, where they own part of iCarAsia, is in a similar position to where Australia was in the late 90's/very early 2000's. Expect IPP to be the major driver of growth over the coming decade, especially considering the enormous market there).
This really is a company where opportunities to buy at a discount are rare so patience is necessary (last one was the big drop 12 months ago), but if you can get it then don't let it go. It's one of the most profitable companies in Australia (& the world I suspect), and has such a wide moat that it would take something incredible for a competitor the knock it off.
In all, nothing that wasn't already known/expected has been said.
More of the same from an incredibly high quality company really....
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Last
$196.66 |
Change
0.300(0.15%) |
Mkt cap ! $25.98B | |||
| Open | High | Low | Value | Volume |
| $198.00 | $198.64 | $196.02 | $29.04M | 147.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 308 | $196.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $196.73 | 270 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| REA (ASX) Chart |