Current net tangible assets per share is 4.18c.
At the current price of 12c per share, this leaves 7.82 cents per share, or $6,865, 894 (Current market cap of $10,535,900) for intangible assets.
So the market is valuing the Rent.com.au brand, the 334,000 (and climbing) monthly unique site visits, the binding term sheet with Mitula, 58,000 (and climbing) rental listings, 6,400 registered property agents, approximately $10,000,000 invested in the development of the business before commercialisation, rentbond, rentconnect, rentcheck, rentreport, $33,000,000 (very low ball and conservative) to $88,000,000 of potential revenue per annum estimated in the near future (within the next 5 years), owners of www.rent.asia by tender, extremely experienced management (that show extreme confidence with a lot of their own coin invested), Accordant appointed as a digital optimisation agent...
at $6,865,894!!
I've been playing this game for a while, and it's not often you come across industrial opportunities like this very often.
RNT Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
