Rent Resume Predication, page-37

Huge variability based on assumptions. If I assume that the only people willing to fill in a RR are intending to move within the next 12 months, then RNT market share is around 13%. If we assume that the number of RR's in a year is 182,500 (i.e 365 x 500) and that the number of renters turning over stock in a year is 960,000 (i.e 40% of 2.4m), then the RNT market share is 19%. Both scenario's are greater than the 5% target. Both scenario's are undoubtedly 'generous' in their assumptions, but even with a 50% variation, they sound encouraging.