28/02/2025 09:46

REA Group (REA) $236.85

The home is the vast majority of people's largest and most important purchase, and lower interest rates provide a tailwind to affordability and, of course, general sentiment.

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06/02/2025 17:12

REA Group (REA) $254.90

REA +1.21% posted a solid 1H result today. We saw huge swings in the share price as the market digested the numbers and the revelation that CEO Owen Wilson will be leaving the business later in the year.

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31/01/2025 09:58

REA Group (REA) $249.30

REA will announce its much-awaited half-year result early next month; we remain fans of this business, but not enough to chase it into strength ahead of its looming numbers.

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13/12/2024 09:08

REA Group (REA) $236.91

Real estate digital advertising business REA is another much-loved stock driven higher by momentum traders; history tells us that corrections can be sharp when the music stops playing in such circumstances.

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08/11/2024 16:52

REA Group (REA) $234.19

REA +0.28%: Released their quarterly update today followed by an investor call which had a relatively muted reaction from the market.

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26/09/2024 09:22

REA Group Ltd (REA) $192.39

By yesterday's close, REA had corrected over 14% from its August high following its bid for the UK’s Rightmove (RMV LN). Overnight, we heard that RMV had rejected the third takeover bid from REA, which valued the UK property giant at ~$8.2bn. The clock is ticking, and RMV’s wording wasn’t encouraging

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17/09/2024 09:20

CAR Group Ltd (CAR) v REA Group Ltd (REA)

CAR and REA have performed strongly through 2024, gaining +18.3% and +12%, respectively. The primary reason CAR is currently outperforming is REA’s ~$11bn bid for UK-based Rightmove (RMV LN). As is the norm, the bid has already been rejected, and the market is now considering REA’s next move—the stock's pulled back almost 12% since the announcement.

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13/08/2024 09:37

REA Group Ltd (REA) $200.88

Last week, we saw REA deliver a solid result, which included revenue of $1.45bn and Core Net Profit After Tax (NPAT) of $461 million, up +24% yoy, both of which were slight beats. The property market is on a solid footing for REA with homes selling noticeably faster than the average over the last six years while listings remain strong and rate cuts are likely to stoke the fire even further. REA is expensive, particularly when we compare it to our other play on the same space in the US via Zillow (ZG US).

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09/08/2024 17:14

REA Group (REA) $202.36

REA +6.78%: Solid FY24 result today from Australia’s premier real-estate site, with their core business performing well, supported by good growth in Financial Services, while their Indian business grew revenue 31% y/y, a better outcome than expected.

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02/07/2024 09:43

REA Group Ltd (REA) $191.18

REA slipped -2.8% on Monday, its largest decline in 3 months, as high-value tech stocks struggled at the start of July. Following REA’s strong result in May, we are optimistic about their ability to drive annual price rises over the next three years given their market position, and when combined with more bells and whistles for advertisers to utilise, some of which are driven by the AI

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