This is one of those stocks where we've got in early. Revenue will be scarce, but that is to be expected whilst they focus on driving traffic to the site. If you can see revenue growth now, we would not be sitting on $10m market cap.
Just googled "melbourne rental" and www.rent.com.au is nowhere to be seen in the results. This shows RNT still has a long way to go in terms of driving customers to their site. I'm confident once they hit the 1m unique visitors mark (may take 12-18 months), thats when they can start to monetise from the visits, and thats where Accordant comes into it. This is going to require a lot of patience, but if it works out, we will hopefully make a lot of $$$ being in so early.
RNT Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
