Earnings Season Results
realestate.com.au acquires Ukpropertyshop
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Source: News Bites
The REA Group (realestate.com.au) has acquired UKpropertyshop for Stg530,000 ($A1.1 million) through its 50%-owned United Kingdom subsidiary, Propertyfinder Holdings.
ukpropertyshop.co.uk is an estate agent directory, listing the details of 17,000 UK agent offices in 3,000 towns. In April this year, it was visited by 592,000 people, making it the 7th most popular property site in the UK (ComScore). UKpropertyshop has been operating at a slight profit with a business model focused on selling agents priority placements to promote their business details.
CEO and managing director of the REA Group Simon Baker said “We are extremely pleased to add the UKpropertyshop to our UK business. The acquisition increases the reach of our UK network of sites and will help increase the number of leads an agent receives from their propertyfinder subscription.
The Propertyfinder network, which includes propertyfinder.com, hotproperty.co.uk and ukpropertyshop.co.uk, is in clear 2nd place in the UK market according to both ComScore and Hitwise."
STOCK DASHBOARD: July 08, 2008
Realestate.Com.Au
Price at 12:00 pm: $4.30
Price change from previous trading day: -1.8%
Relative Strength (6 months percentile rank): 33.4
Market capitalisation: $547 million
Price/Earnings: 36.4 times
Turnover volume: 3,554.0
Volume Index (1 is average): 0.2
Turnover value: $15,272
Turnover period: 11 years 4 days
Value of $1,000 invested 1 year ago: $761
Source: www.BuySellTips.com
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