Just like most, I'm a bit disappointed we didn't see a jump on the back of the launch, which then triggered the sell-off. And I tend to agree with most of the Sibat Sibtim's sentiments.
But let's not forget that RNT is getting 650k-700k unique visitors to their website every month. On top of that they're getting ~17k app downloads p/mth, plus doing ~30k renter resumes p/mth. And with a database of 1,060,000 renters already on the books (renter resumes) that to me is a ready made market to get 200k+ rentpay customers. Being in the business of sales/marketing I would've loved to have seen a big-bang launch. But that would've cost big bucks, so it makes sense to initially capitalise on the current database and traffic. I guess we now have to wait and see what the conversion rates will be and the quarterly numbers.
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