REA’s stock price could triple from here

Livewire Exclusive

Livewire Markets

Tim Samway, the Managing Director of Hyperion Asset Management believes that the next REA Group is… REA Group. He thinks the stock price could triple from here. In this exclusive interview with Livewire, Samway says “The opportunity for price rises and building out their offering to encompass other advertising” such as “advertising for mortgages, insurance, utilities… making it the central site for anybody interested in houses is outstanding and they’ve still got plenty to go in Australia.” Samway comments that REA’s international expansion is still only in the early stages and his team has been evaluating the competition overseas to assess both the revenue opportunities and the risk of disruption. He says “we just haven’t found anybody around the world that’s come up with something that’s better than what REA is offering yet. We think REA has a fantastic offering in comparison to the world.”

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