"-37% profit ! "
Wrong take.
Priced for perfection, maybe, but most self-respecting investors are smart enough to look at the underlying performance of the business.
And the underlying performance is decidedly different to 37% reduction in profitability.
The correct take, I think, is this one:
"Real estate is an interest-rate sensitive sector and, during the biggest interest rate hiking episodes in a generation, this company was still able to increase its underlying operating profit by north of 25%."
Pretty prolific, on any objective measure.
.
"-37% profit ! " Wrong take. Priced for perfection, maybe, but...
Add REA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$239.14 |
Change
4.950(2.11%) |
Mkt cap ! $31.59B | |||
| Open | High | Low | Value | Volume |
| $235.50 | $239.84 | $233.00 | $46.52M | 195.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 83 | $238.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $239.62 | 40 | 1 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| REA (ASX) Chart |