Maybe read my posts again. I do not hold, have never held and will never hold regardless of share price. That would only change if RNT come up with something that is a gamechanger for the industry and will ensure that they gain market share and become profitable. At the moment they are just another website advertising properties (for free at the moment) and they will not be profitable let alone survive against the likes of REA and Domain. It's a dead duck in it's current format - period.
Anyone can start a website and list properties for free. Hell I can do that. Think about what it takes to make it profitable though. You need to draw users away from REA and Domain and get them to USE YOUR SITE. Not just look at it - USE IT. See agents and landlords PAY for ENQUIRIES. My suggestion of randomly giving a car (or whatever - could be a holiday) a month at least gave people an incentive to use RNT over REA and Domain.
RNT Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held
