Goose.
Let me educate you.
The fall from 50 cents isnt due to declining business prospects. It is due to traders riding a low volume stock high quickly in order to make a quick profit, then dumping quickly to realise that profit.
On low volume speccies such as rnt this happens often (but hard to anticipate the top and bottom unless you have the funds to manipulate the market).
And as for RNT losing money and not turning a profit yet... No sheet! That is why the stockmarket exists for startups! To raise funds to get started.
And RNT has consistently achieved, quarter after every quarter: increasing profits which may be taking this business to cash flow positivity and beyond.
I have traded and invested for many years, and have proven to reasonably succesful. You can take the quick profits, such as riding RNT to 50 cents then dumping them. This doesn't work after a while, mainly due to hard to get right and tax liabilities incurred (unless abn setup as a trader).
Or you can have patience and let the stockmarket do what is does best. Which is to raise capital for business. Help that business succeed and you may succeed financially also.
The Rent.com.au story may be only at the beginning for a patient investor.
RNT Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
