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2.0¢ rent.com.au limited

RentPay Discussion, page-7

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Investalittle

132 Posts.

8

11/11/22

18:10

Post #: 64726203
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Originally posted by sirjezdog: ↑

I thought it might be good to keep RentPay discussion in one place.

Current customers as at 31st October 31st 3,556.

I have been reading todays investor handout, which has this number on page 11. This made me curious because it seemed such a small increase from the Q1 update. Well the Q1 update of 3,537 was 'as at' NOW so 27th (or 26th). This means that Q1 FY23 was not 530, but over 4 months.

Therefore they gained 19 customers from 27th to 31st. 4-5 per day. That is very slow considering how much they are spending on marketing at the moment. I am hoping there is something slow with this reporting, but we are looking at $859k in marketing in 2022, up from $481k - that is a lot of cost per customer, makes that $2 per month they charge feel not necessary.

I am really looking for good news about customers soon, because there is a lot of money being spent on marketing now, and not a lot of traction.

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I don't get where your $859k in marketing comes from. I think you're over estimating how much is being spent on marketing. The 4C has $183k which I presume is across rent.com.au and RentPay

RNT Price at posting: 3.9¢ Sentiment: None Disclosure: Held
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Last 2.0¢		Change -0.001(4.76%)		Mkt cap ! $12.59M

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