Okay a pretty pleasing update overall.
Positives
-Core business remains profitable albeit small with four consecutive quarters of EBITDA growth
-700 paying RentPay customers with at least 1500 more to come on-line this quarter via agent partners
-Conversion rate of customers downloading the App has doubled
-App functionality and take up: 70% using Score Builder, 30% using the Buffer which is a great sign.
-Rent Bond - $3M financed in the last quarter!
-Working with 40 Property Agents and transitioning from legacy system to RentPay is well advanced
-$800k in advertising pre booked for next year underpinning core EBITDA growth
-15% Qtr on QTR growth in renter products
-Transparency and honesty of CEO....Its so refreshing! He is very bullish about the outlook.
-Cash on hand and item 8.5 below suggests the bulk of the software development costs ($698k last QTR) have already been incurred.
Negatives
-They should have raised capital when the SP was above 25 cents to fund their upcoming advertising and marketing campaign
-Optimisation is great, but they need to accelerate, they are up against 1000lb gorilla's and its a land grab race
-Surprised the scheduling feature of the App uptake is only 13% and perhaps this functionality and insight was misplaced? However, that's what it is all about, test, refine, deploy and build the customer experience and stickiness of the product.
A good report card!
- Forums
- ASX - By Stock
- Ann: June 2021 Quarterly Activities Report & 4C
Okay a pretty pleasing update overall.Positives-Core business...
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RNT (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.74M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2049431 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 161345 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2079431 | 0.025 |
1 | 10103 | 0.024 |
4 | 310142 | 0.022 |
2 | 95119 | 0.021 |
8 | 320025 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 161345 | 4 |
0.028 | 484639 | 2 |
0.029 | 103482 | 1 |
0.030 | 450772 | 5 |
0.033 | 500000 | 1 |
Last trade - 10.41am 04/06/2024 (20 minute delay) ? |
|
|||||
Last
2.5¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
2.5¢ | 2.5¢ | 2.5¢ | 10500 | ||
Last updated 10.40am 04/06/2024 ? |
Featured News
RNT (ASX) Chart |
Day chart unavailable