It is striking as to how REA (RE.) ordinaries keep pushing up. Yesterday 1.9m (out of c. 44m all told in issue) were crossed. The price is now 93p. And the palm oil price keeps going into new high ground. RE. looks to be heading a lot higher. Cowardy custards should just buy the prefs (RE.B) – still at a discount to 100p and still with 18p of arrears to come.
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Elsewhere, meme stocks continue to frustrate me with their lunacy. As has been widely reported Tesla has gone over $1,000. This leaves it on a PE of 250 in comparison to, say, Toyota’s PE of 9.