The valuation is being achieved through fees to be rolled in, it wasn't a "fail to achieve" scenario at all the revenue's are still to be fully switched on. Look outside of this, revenues off rent-connect, utility connect, RPdata fees, bond financing, etc etc all outstrip OPEX theres $50m+ per annum through complementary products which make sense to market.
Market today for renters is 0ver 50% Gumtree i.e. Agents never see it, this is the gap RNT is filling.
The business in my opinion has reasonable OPEX and huge growth, looking at the numbers growth is definately there and they just closed an oversubscribed round.
Stay tuned should be interesting
RNT Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
