REA Group: Interim result 2014

This real estate portal has big plans despite the departure of its CEO, but plenty of upside is already priced in.

What does a company have to do to justify a price-earnings ratio of 38. An awful lot is the answer, but announcing a 37% profit increase is a good start. REA Group did just that this week, and the market applauded by pushing its shares up another 5% – to a PER of 40.


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