HI all - I've looked at this businesses a few times recently. I keep putting it aside and then taking another look. Not sure what to make of it.
I've got a question in relation to their revenue sources (and I apologise if this has been spoken/written about already elsewhere).
Their revenue mix is as follows:
Fees from agents / landlords = $124,361
Renter products = $1,118,957
Advertising revenue =$957,984
Other revenue = $20,455
The one i'm most interested in is the 'renter products' revenue. What is this comprised of? Is this mainly their utility connections and insurance sales etc?? or is it mostly attributed to something else?
Does anyone know how this is broken down and what it includes? Everyone seems to be getting into that utility connections space (even realestate.com.au and domain.com.au or all over it too). Is this their main income?
Very keen to hear people's thoughts and insights on this - especially considering it's their main revenue earner.
Cheers,
Hoops
RNT Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
