REA withdrew its interest in Rightmove this week, following a series of bids that eventually topped £6bn. The thing is, Rightmove is only worth £4.5bn, according to the City, and so why did shareholders shun the Australian business?
Renowned property commentator Russell Quirk believes that Rightmove shareholders will regret not doing this deal, and has accused them of potentially acting in their own best interests rather than Rightmove shareholders. Do you agree?
Watch now:
What does this clown know? Sold a lot of businesses have you `Russell? …… Oh, that would be a no … not a single one! I simply don’t know why PIE keeps give this chap screen space.
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Thanks for your comment Steve.
We all look forward to your video commentary wisdom on the Rightmove share value dynamic live from your cow shed in Necton.
PS. Is there anything in my video that you disagree with? If you could let us all know… and why.
We’ll wait 😉
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Obviously, touched a bit of a nerve then Russell!
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When is the average shareholder ever better off without dividends? It’s obvius the decision to keep taking advantage of dopey estate agents, paying £2000 a month for a £200 a month product , is too hard to let go.
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