Online property service provider REA Group Ltd [ASX:REA] released their much-anticipated FY19 results today. These results were less than what analysts predicted. REA shares are still a decent way away from that target at time of writing, sitting at $96.07 apiece.
As we head into the last week of the Australian federal election, it seems the ASX is following the lead of many Australians who are waiting to see how it all turns out.
Domain Holdings Australia Ltd [ASX:DHG] has surged upward 21.77%, with the release of their half year results this morning. Despite a difficult few months in the real estate market, it comes as a positive sign for the company.
REA Group Limited’s [ASX:REA] share price has taken a hit following the release of their half year results. The company speculates that cause for the decline has been due to federal and state government elections having buyers hold off pending their results.
Maybe you bought a stock and it immediately went in the opposite direction. You did the research…you understand the business…so why are you now holding a losing position?
Apple Inc [NASDAQ:AAPL]: the trillion dollar company. Did you know most of Apple’s value comes from what you can’t see?
Companies like REA and Altium are not worth an unlimited price. And this is the hard part of investing: determining whether you’re buying a bargain or piling into an inflated multiple.
No one wants to lose money. But surprisingly, a LOT of investors see chasing returns as more important than protecting their capital.
REA ended the week by releasing its FY17 full year results. Revenue from continuing operations was up 16% to $671.2 million. But thanks to impairment charges, net profit was down 18.5% to $206.3 million.
REA Group Ltd [ASX:REA], owner of realestate.com.au, has been a great investment for shareholders. This year alone the stock is up 23%. And over the last five years, REA is up 403%.