Interesting today that REA share price popped up 5% after advising it was walking away from acquisition talks with UK Rightmove plc.
i had never heard of rightmove until REA made an offer, and I can see why they want it. Over 50% net margin, no debt, growing revenue and eps consistently over the last 10 years.
im a REA shareholder and I was gutted that they could get a deal done, but obviously other shareholders were happy to see it fail,
any thoughts from those that follow REA?