It's not just about maximising yield, it's also about streamlining the process and making it more user friendly. If liveoffer creates an environment renters want to engage with then it will succeed imo as designed. Agree that it also appears a slow revenue stream, however property turnover in the states is 50% i.e 4022 properties should sign new leases via liveoffer this year at $100 per lease = 400k p.a. (but yes could occur over 12 months) with the monthly license fees you indicated being additional revenue. Any increase in rental yield is also a % commission on any increase. Revenue from current contracts should ensure no cap raising. If they can convert existing LOI's or sign any new contracts it's anyone's guess where this will go. It's a bit unknown but like many spec stocks you never get told all the details about company business. First and foremost we need completion and rollout of liveoffer, then we can decide if the sky is turning grey or blue.
PCH Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
