I just read an AFR article that suggested a plan maybe to move Rightmove's revenue model towards REA's.
REA charges based on listing and its a "dynamic" price.
Rightmove charges subscriptions to "members" (agents) and are charged flat fees per listing.
So yeh, I guess pushing price and making changes to how listing are charged could be the plan. Pretty big risk of backlash though...
As I said I dont think there are huge synergies on offer here, certianly not good ones that relate to revenue. Would just be a bit of cost out.
Rightmove has great financials, but acquirers usually overpay in these circumstances. The AFR also mentioned the possibility of an additional bidder for the company.
Takeovers also suck in the UK, I remember the Aristocrat one a while back. I beleive there is a rule that all financing etc has to sorted in order to make an offer. I understand this is good for vendors, but its a pain when it falls through and a dillutive equity raising has just been completed.
- Forums
- ASX - By Stock
- REA
- Ann: Statement regarding potential acquisition
Ann: Statement regarding potential acquisition, page-14
-
-
- There are more pages in this discussion • 5 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
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add REA (ASX) to my watchlist
(20min delay)
|
|||||
Last
$212.36 |
Change
-0.890(0.42%) |
Mkt cap ! $28.05B |
Open | High | Low | Value | Volume |
$213.26 | $213.78 | $211.10 | $18.90M | 89.04K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 638 | $211.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$212.46 | 13 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 638 | 211.710 |
1 | 47 | 211.150 |
1 | 794 | 211.120 |
2 | 35 | 211.000 |
1 | 794 | 210.880 |
Price($) | Vol. | No. |
---|---|---|
212.460 | 13 | 1 |
212.500 | 794 | 2 |
212.740 | 794 | 2 |
212.980 | 794 | 1 |
213.210 | 794 | 1 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
Featured News
REA (ASX) Chart |