REA also traded ex-dividend 75c fully franked yesterday but the stock only edged down 9c. This Real Estate listings company delivered a decent result in a very tough environment last month but they guided towards ongoing headwinds until next year, “we don’t expect significant improvement until fiscal 2024 when interest rates stabilize and buyer demand returns” but if yields do follow our roadmap and disappoint the hawks on the upside REA could explode out of the blocks.
- Our initial target for REA Group is ~$140 where we will consider cutting or trimming our significant 5% position.
MM remains bullish and long REA
Add To Hit List
