YOU SAID:
"my experience with both tenants and buyers is they want to go to one website not 3. Very similar why some shoppers will never go to Aldi they are time poor and go to Woolworths or Coles where they get everything. And we have seen this by the level of enquirers we receive in relation to RNT. Agents are not going to pay $ to RNT because we don't need to due to Rea and domain. That is a big problem for RNT".
Well as much as u are talking about different sectors here, I DO LIKE your comparison however by saying that people cannot be bothered going to ALDI - People will go to anywhere that's going to saving money regardless...
ALDI is the dominant supermarket NOW taking so much market share from Woolworths & Coles hence why Woolworths SP has tanked and still in freefall & Wesfarmers also but not to the same degree as WOW - Who would have though Blue chip & all that..
What I am getting at is that there is always room for another entity even if it is offering the same product & more for that matter (Bonds etc) - hence my ALDI example..
U are also comparing REA & DOMAIN TO RNT as it stands NOW - company is launching big marketing campaign next year so current SP reflects the current position RNT is in...
It remains to be seen where it will be once marketing begins in 2016...
RNT Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held