RNT 10.0% 2.2¢ rent.com.au limited

Hundreds of posts and almost 95% of them painting RNT in a...

  1. 6,616 Posts.
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    Hundreds of posts and almost 95% of them painting RNT in a negative light.

    I have seen very little in terms of constructive conversation while the entire time these posters held no stock! So much effort and time spent on a stock one doesn't own...

    I can not help but think some posts on here have supercharged this downtrend. However, it really started on the 4th of December when the company openly said the Nov - Jan period typically sees a seasonal downturn in national audience numbers. I see this as good communication on their part.

    The market knows that typical declines of 3% to 5% are not uncommon in November, but it was the potential of a further 25% in December that started the selling. The market knew this next set of numbers might not be great and acted accordingly.

    So the reason for the low share price isn't to do with the company, management or the concept. The market is simply pricing RNT in advance for poor numbers this December.

    The play here is a tricky one. Do you start soaking stock when RNT finds it's feet over the next week before numbers? Do you wait and potentially get trapped into paying higher prices if numbers come in above expectations? Or do you wait in case numbers are bad and you can pick up stock cheaper?

    Most will be thinking like this. Because most know that post January things should start to lift off in terms of audience numbers and company news. I would say many in the market are watching RNT very closely.
 
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Last
2.2¢
Change
0.002(10.0%)
Mkt cap ! $14.35M
Open High Low Value Volume
2.0¢ 2.2¢ 2.0¢ $2.816K 139.2K

Buyers (Bids)

No. Vol. Price($)
2 54411 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 139633 3
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Last trade - 13.07pm 02/12/2024 (20 minute delay) ?
RNT (ASX) Chart
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