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59.5¢ mcgrath limited

"Also worth noting that post IPO - a lot of key agents were...

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farmerb22

1,095 Posts.

82

08/12/21

11:31

Post #: 58154609
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Originally posted by thebigbadbear ↑

Exactly If you look forward 6 months - $55m cash + $50m rent roll = you are getting the franchise + agency businesses for free

Im fairly certain management are looking at buying another business so that when the heat does come out of the property market - earnings dont suffer as much.

Also worth noting that post IPO - a lot of key agents were poached by the agency (AU1)

So you had the property market slow + their best agents jumped ship..

Much less likely for the same thing to happen again..

Also they are expanding the franchise business in QLD + VIC - so dont be surprised to see 5-10 new franchises opened every year going forward.

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"Also worth noting that post IPO - a lot of key agents were poached by the agency (AU1)"

Given MEA's cash balance and AUI market cap of around 25 mil. Wouldn't it be interesting if MEA takes over AUI.

MEA Price at posting: 59.0¢ Sentiment: Buy Disclosure: Held
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