It will always be like that with all stocks. Some just sells for pips and some who can see the growth may buy for short-long term. That's the reason ASX business keep running and market exist after all.
Below statements says it all that business and expected growth is on right track. Management achieved most of the targets few months ahead of the timeline and that without major sales team or active marketing campaign. Hence, some would be happy to take risk and other would like to be safe being on sidelines and no one know just yet that who gona be right or wrong. Hence, each to their own .
"This increased level of user experience has also resulted in an approximate 50% gain in the number of enquiries delivered to agents and landlords, and is now more than 3.5 times the level of property enquiry that we had prior to listing. These strong indicators demonstrate that the site is delivering renters, agents and landlords with the products and services they want” Mr Woschnak said."
RNT Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
.
