Why would those two Australia wide media stocks be buying a NSW predominantly located premium real estate agency? Because it's listed and sells real estate......in what universe does this make sense! Two absolutely opposed management structures and unrelated businesses! One sells advertising the other lists and promotes properties. CAR isn't going to take over AHG ASG or any of the other listed car dealers so why would REA or any media company buy MEA? MEA is a stand out that to my liking looks dirt cheap! IMO only and yes I am going to be buying some.
Ann: McGrath Limited secures strategic investment by Aqualand, page-15
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