Rent.coom.au is the dedicated rental website. However, to gain reasonable market share, it needs to stay firm and fight against some of the big players like Real Estate and Domain. Good thing is that visitors, listing and time spent by the consumer is increasing quarter by quarter and so the yearly revenue. Currently, generating high revenue isn't important but a dedicated effort to make the web widely accepted by Australian landlords, agents and renters. It may take another year or so but RNT already establishing its share in market. Slowly but getting there.
The earnings of the consolidated entity for the five years to 30 June 2016 are summarised below:
2016 2015 2014 2013 2012
Sales Revenue $748,495 1 $171,197 $454,289 $50,484 $49,105
Yearly Revenue of $800K for now isn't bad for the company trading at $13m MC and got $6m in Cash, that brings EV of $7m. Where as other tech stocks generating very low revenue than RNT and still trading over $30m MC.
cheers
J
Rent.coom.au is the dedicated rental website. However, to gain...
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