The infamous “Are we there yet?”. No. Is there a chance RNT will get there? Yes.
It’s a tough job competing with and pulling market share away from the likes of Realestate and Domain. I’d not like to be the man at the helm unless I had a huge budget. I commend Greg and the team on the job they’re doing with the resources available to them. Q on Q growth is Q on Q growth, just not enough growth is all.
The realestate market’s turning, investors being squeezed, desperate to rent out vacant properties, can only be a good thing for RNT.
Will be interesting to see traction on the App. Again, a tough brief, users only have a need for the app when looking for a property to rent but if via the App you could pay your rent, submit maintenance requests, view rent has been paid (landlords) etc then the stats might surprise.
Next quarter unlikely to see much growth (seasonally) but Jan to Mar 2019 might be the turning point?
I did my dough (sold at a loss) on RNT years ago but still like to check-in to see progress.
GLTH.
RNT Price at posting:
7.2¢ Sentiment: None Disclosure: Not Held
