Thin both sides...
If I wanted to buy $20k worth of shares on the market right now, I would need to pay 0.072, pushing the price up 15%.
RNT's financials are progressing well IMO, on track for breakeven by Jun 2018. Then the market will start to take notice.
Yes - holders are anxious to see some price movement upwards. But the reality is management are succeeding in creating a profitable, low cost base business; but with little to no current effort in PR stunts to the investors market to try to inflate the price.
Take UPD for instance, a large PR spend, which is succeeding in alerting the market with many announcements. It has a market cap of half a billion dollars, but with less receipts from customers in the last 4C then RNT!
Well done to UPD's PR team, but I prefer our management team. Build the business as a 1st priority. Let the market take care of itself.
"If you book them, they will come".
- Jim Morrison
Thin both sides... If I wanted to buy $20k worth of shares on...
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $14.35M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.2¢ | $2.559K | 115.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 210683 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 540000 | 2 |
View Market Depth
| Last trade - 14.06pm 21/11/2024 (20 minute delay) ? |
| RNT (ASX) Chart |
