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59.5¢ proptech group limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-7

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StephenB

260 Posts.

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15/06/22

12:41

Post #: 62011287
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Originally posted by zaidi675: ↑

DO you think this recent sell-off is sector related? As people are factoring in the slowing down of the property market, anything related to property is under pressure? I feel that as Propetech is not just about the sale and day-to-day property management requiring much more efficiencies in the system so yes, I kind of agree that what this company is offering is attractive to agencies.
I have recently moved agents for my investment property for a better deal and the new guys have an online app for managing their affairs. Does anyone know what are other players in this space and if there is room for consolidation here?

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Yes + anything tech related is being sold indiscriminately.

As Madamswear noted: software spend in the real estate agency industry has traditionally been relatively stable irrespective of market conditions.
Albeit, growth may slow for a year or two.

Now valued at EV < 1.6x ARR - extremely low for a cashflow positive SaaS company with $14m net cash

PTG Price at posting: 28.0¢ Sentiment: Hold Disclosure: Held
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