Hmmm well I disagree, but that's fine, each to their own. @lidsrud has painted a deliberately bleak view of on things, for what we all know is the quiet season for RNT. Each one of his points give a subjective view of whether the result is good or not and I simply disagree with lidsrud's opinions. I'm ok with the rates of change, but he/she says its not good enough. But as I say, its a free country, this stock isn't for everyone and if you find something better elsewhere then all the very best. I'm happy to be patient and let the turn around happen. And it is happening, nicely IMO.
On to the positive thoughts, in the quietest quarter of the year they still produced >8% growth, that is AWESOME! How many stocks can claim that?! Can't wait to see Q3 results.
Looks like they will raise again (would be a nice surprise is Q3 turned that on its head) and I agree with the comment that it would be nice if long term holders could get a piece of that action. But it will be HEAVILY oversubscribed IMO. Bader will get his arm taken off when he reaches out to the market. 'Would anyone like to buy a piece of a company that's as cheap as chips, has a low number of shares outstanding, sits around break even (on a consistent upward trend) and has a unique approach into an industry that is begging for disruption?' Hmmm lets all think about that. And then they will be sitting close to break even with 2-3mill in the bank. Very nice.
IMO this is a case of pick your entry point and time. As I say to the sad sacks, you might find better/faster returns somewhere else and all the best with that. I don't have all day to track new stocks, so I follow a list of turn around stories and this is obviously one. There is a lot of capital growth to be had here for those that are patient.
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Last
2.4¢ |
Change
0.002(9.09%) |
Mkt cap ! $14.35M |
Open | High | Low | Value | Volume |
2.4¢ | 2.5¢ | 2.4¢ | $16.42K | 679.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 108565 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 211121 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 327598 | 0.017 |
3 | 139228 | 0.016 |
9 | 948115 | 0.015 |
3 | 445000 | 0.014 |
3 | 191615 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 345544 | 1 |
0.019 | 168070 | 4 |
0.020 | 2702 | 1 |
0.021 | 382000 | 3 |
0.022 | 18333 | 1 |
Last trade - 11.37am 22/11/2024 (20 minute delay) ? |
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