The Top 20 are heavily invested and own a substantial amount of the company. There’s some investors with deep pockets on that Top 20 list. RNT is not going down the drain, but, they do have an uphill battle ahead of them.
How many internet sites do you know that pull in more than $2m in revenue a year? It’s been a hard slog, was always going to be a hard slog with big players already in the market.
REA purchased Flatmates.com.au for $25m a few years back. Murdoch paid $750m for iproperty back in 2015. I wouldn’t be st all surprised that once, or shortly before, the RNT business becomes cost neutral or profitable it will be scalped up for much more than the current $6m market cap.
Sure, RNT is a high risk investment but it does has the potential to provide a stellar return IMO.
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