REW is the leading residential real estate listings and property information
marketplace in British Columbia and is expanding in Ontario and other parts of Canada. REW is now #1 in traffic and audience in B.C., after surpassing realtor.ca.
The REW marketplace provides consumers with key real estate information and insights (e.g. school catchment areas, assessed values, past sales prices) in order to make better informed decisions about their home.
Agents, new home developers and third-party providers (e.g. mortgage brokers, home insurance companies) use a variety of REW advertising, lead generation and subscription products to market their offerings to home buyers and sellers.
In Q1/21, REW set new records in revenue and growth, a scintillating rate of 42.5 %.
Based on PropertyGuru metrics , if spun out or sold, REW would be worth about $0.75 per share.
Yet, it sets buried in GVC's multiple asset basket along with others who remain brutally undervalued.
With a nominal book of $1.80 per share, unlocking the value of GVC's various businesses , either by spinning out or selling, should net us over $2 per share in net returns .
Load up at these prices..