REA in the spotlight again

Yesterday, MP Evans (MPE) advanced sharply on its results - they reflect the firm price of palm oil. Similarly, Anglo Eastern (AEP advanced partly on a change of auditor and partly on the buyback programme but essentially because of the palm oil price. In these circumstances

(RE.) should have advanced sharply as well, perhaps 10p, given the rapid repayment of gearing that RE. is carrying out. RE. stayed static. This is absurd and means that RE. at around 100p is a screaming buy.