Owning the real estate promoters

Owning shares in the ASX listed property (real estate) focused digital advertising company, REA Group (realestate.com.au) has been more profitable than owning actual real estate and without the need to paint the walls, tend to the garden or pay rates and other outgoings.

75% later, from its ‘oversold extreme’ 18 months ago, the price action is now giving me a sell signal.

December 21, 2023

by Rob Zdravevski

rob@karriasset.com.au