From inception it's not much, but revenue growth has been very...

From inception it's not much, but revenue growth has been very strong since listing - have a look at the recent announcement, it's all in there. As for margins, your $12 profit is all that, just ticking away on some server. I don't think RNT has to be a game changer to do well. It doesn't need to beat REA or Domain either. But, it would be a game changer if you could look up a price bracket and actually get what you searched for. Or a remotely competent valuation! Treating the customer with a tiny degree of respect would be a huge shift for the real estate industry - it's ripe for change. But whatever, it's all anecdotal outside the reporting and that's just shown clear growth. I choose to believe that.