RNC 0.00% 36.5¢ real estate corp limited

shady trading, page-12

  1. 236 Posts.
    I know I have written some negative posts as I have some unanswered questions but i see the positives as well and thats why i will start accumulating today and prob look into the HAL prospectus. HAL is serious of becoming the dominant residential property manager in australia with 100 000 plus properties under management just in the near term. Not quite sure but thats prob only 1% of the market. In other industrys the dominant players often control well over 10% of the market so if the model they use pays off there is massive room for growth. To become the dominant player would take years via organic growth and purchasing small rent rolls off realestate agents. They will not let slip an oppurtunity to buy a rent roll of 20000 or there abouts. They reckon the going rate for rent rolls is $3000. A bit higher if you get 20 000 in one hit and lower if smaller volumes so if that is true the offer price is in line with market expectations. However looking at the sale in terms of PE multiple ???

    Would like some info on HAL IPO/prospectus if anyone can help. Thanks
 
watchlist Created with Sketch. Add RNC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.