Welcome aboard CappMan!
You are on the money with your RNT summary!
You have also bought in at a good time, as they head towards profitability.
I have been a holder for many years and paid much more than their present market value.
RNT have suffered from poor sentiment related to competing with REA and Domain, and a tough
market, but since Greg Bader took over as CEO almost 2 years ago the company is now going
from strength to strength and it will not be long till positive sentiment returns as RNT heads
towards profitability!
It is also a very tightly held and a lightly traded stock as 60% of shares are held by the top 20
leaving only approximately 100 million shares available to the open market!
Looking forward to this quarters result which will hopefully be a lot closer to showing positive
cashflow.
Cheers
Ann: SPP Oversubscribed - Scale Back Announced, page-34
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