"For a stock like REA, a multiple of 30 times earnings is justified. That means a fair price is $3.70."
I think the journo at the weekend Fin Review must have also read my post stating today that News is going to have to sweeten its bid.
They will pick up some at $2 but to gain a decent holding and to pick up the directors holdings (and gain their support) an offer of $3+ is much more realistic.
I am a holder (and have been for ages) so of course I hope they do but I plan to buy some more first thing Monday as there's no downside in buying at $2.40.
realestate.com.au set to double operating profit, page-18
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Last
$195.60 |
Change
-1.500(0.76%) |
Mkt cap ! $25.84B | |||
| Open | High | Low | Value | Volume |
| $195.41 | $195.67 | $193.50 | $32.75M | 167.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3 | $195.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $195.80 | 60 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| REA (ASX) Chart |