REA 0.49% $103.16 rea group ltd

md says improvement to come

  1. 7,397 Posts.
    REALESTATE.COM.AU LIMITED

    For the holders of REA touted as good things to come



    REA
    REALESTATE.COM.AU LIMITED - ORDINARY Last: 19
    Change: 0.0 (0%)
    52-Week Range: 12-22

    Current Bid: 19
    Current Ask: 19.5
    Total Class Issue: 92,390,784
    CHESS Eligibility: CHESS eligible
    Net Tangible Assets ($/share): $0.03

    Day High: 19 Franked Pct: 0%
    Day Low: 19 Status: Normal
    Trades: 1 Earnings/Share: -6.6
    Volume: 75,000 Div. Rate/Share: 0
    Value: $14,250 P/E: -
    Market Cap (Undiluted): 17,554,249 Industry Sector: -


    _______________________________________________

    Realestate.com.au banks on subscriber growth

    26/11/02


    REA is confident of becoming profitable this financial year with strong growth in its paying agent subscribers,.

    Mr J Niland the chairman said the company had experienced rapid growth during October, with 153 new subscriptions and 2.1 million hits to its website.

    He said the company, which provides advertising and marketing services to the real estate industry via the internet, was expecting strong growth..



    "Given current trends, we are confident of becoming profitable before the end of this financial year."

    Realestate.com.au posted a net loss of $6 million for 2001/02,
    REA Entered into a contract inNovember with Raine and Horne franchise group, he said.

    "In the coming year, it is expected that realestate.com.au will increase advertising revenue from [the developer market] through innovative advertising solutions," Mr Niland said.



    Article"




    Web site"
 
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