To The Moon

$Pexa Group Limited(PXA.AU)$ is the first electronic conveyancing platform for real estate in Australia and has the sole monopoly of 80% of all real estate transactions here.

It only takes 15 to 45 minutes through Pexa to complete a real estate transfer.  No more manual exchange of cheques or running around by the lawyers.  In fact, Pexa's monopoly has been further supported by 4 out of 6 Australian states mandating the use of e-Conveyancing for real estate transactions.

In the latest 1H22 earnings report, Pexa's revenue is up 46% year on year to AUD145 million.  Its Net Profit is up AUD30 million year on year.  Pexa Exchange Transactions is up 37% year on year to 2.1 million.  Free Cash Flow is up 39% year on year to AUD45 million.

$Pexa Group Limited(PXA.AU)$ has a wide moat due to being the sole provider of electronic conveyancing in Australia.  This will ensure a steady growth long term.  It is certainly rare to find a business with such a wide moat.  This will keep shareholders happy with steady capital growth and good steady dividends ahead. 

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