This is a joke. They are not cash flow positive, they actually burning still and the real estate market is getting worse. You watch next quarter sales and listings will be down and that means revenue will be too. The growth is only because of acquisitions and this will decline as well. Their over heads are crazy. Look at McGrath and read their take on the market. The Top Level acquisition is all in Sydney and Melbourne and those markets are hemmoraging! The so called capital raise is being used to fund Top Level so the actual cash injection will be minimal. House of cards about to fall.
AU1 Price at posting:
1.0¢ Sentiment: Sell Disclosure: Held