No worries mate, we are all entitled to play things how we see fit. You’ve obviously been burned here coz no one just wakes up in the morning and out of nowhere decides to hate a stock. I understand the pain, believe me.
I will call you on a couple of things though. You’ve called my view myopic, but I clearly stated above that I’m willing to wait for what I believe will be a turnaround. So please think about what your saying. In my view you are offer a myopic opinion.
Yes there are big players already in real estate website sector, but saying the new rent products haven’t increase rev is just factually incorrect and to be honest the moderators should cut that sort on nonsense. Anyone can read the reports.
I get your point about the current SP reflecting market opinion, but I also think that misses a few points. Stocks that clearly have no future hope sit at 1c and below. I’m not saying 6c is a good price but it does show people still think there is a future here. IMO the market has no patience like it once did and stocks are predominantly valued on how soon they will give a div return and how much. Obviously rent is still years from that, so 6c is what you get.
In about 2mins in excel you can figure out when rent is likely to turn a profit and it’s within a timeframe I’m willing to wait out. But if your hating it just do yourself a favour and don’t look back (I’ve done it to several stock!)
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