RNT has enough cash to get through to (probably beyond) Q2 2018 without needing tap investors for more, even if they generate ZERO income from Agent Rental Plan product and the sales for other products DO NOT GROW.
A quick scan of the web site shows that the Agent Rental Plan is selling however, it looks like this is going to be slow a ramp up. Searching the find a 'Property Agent' by location is pretty revealing. The large format ads (Rental Plan) do not dominate the site at this stage (1 to 2 per page) which means revenues from On Completion rentals will be limited this quarter.
Any update that shows some traction for the Rental Plan is a positive, IMO.
Ann: App4D and Half Yearly Accounts, page-28
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