Kelley - REA among best quality businesses in Aussie market

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Livewire Markets

Tim Kelley, Portfolio Manager at The Montgomery Fund asserts that “REA Group is one of the best quality businesses in the Australian market”. REA is a business with very light capital requirements meaning “from a shareholders point of view not a lot of money goes in and a lot of cash flow comes out”. In this interview Kelley highlights that there is currently some uncertainty in the property market and a correction is possible, but as “investors in REA we are less concerned about what might happen there and more interested in what might happen over the long term… when we think about this we see that REA is a business that generates tremendous value for vendors of residential property and relative to the value it creates we don’t see it necessarily charges a very high price” Watch the video for Kelley’s view on the opportunities this creates for REA in the future.


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