The great thing about RNT (and other online platforms) is future products/services often incur predominantly upfront/development costs (once created ongoing costs are low). Additionally, new products/services benefit greatly from existing (growing) user base allowing revenue to grow at a rapid pace as these new features are released. Pleasingly, their ARPU in recent updates has been increasing at a nice rate. With this in mind, I’m optimistic of achieving greater than 10% revenue growth, especially if innovative and useful features are continually released adding value to the site/user experience whilst adding revenue.
RNT Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
