I'd like to know what people think or realestate.com.au. It seems to be on a slow but continual uptrend on low volume for the last 18 months. Not surprising after Fridays annonuncement that they are cash flow positive now for the 2nd quarter in a row. This also doubled from the first quarter.
The annual result is out mid AUgust and should be a good one as all advertising has now been amortised. They seem to be expanding rapidly. It really looks to me that they are going to be one of the few success stories in internet companies.
They dont seem to get any media coverage or interest though. would like to know what people think of the website and the company.
REA Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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