Ann: Half-Year Results Announcement, page-8

Worth conparing RNT's market cap to PCH and each companies potential market share within Australia and America respectively imo. RNT imo are indirectly dictated to by local real estate agents and so far imo are not prepared to lock horns with REA whom dominate the Australian rental market. The American market is more than 10 times bigger and imo presents a far more competitive playing field in comparison to the Australian market..

DYOR