PTG 0.00% 59.5¢ proptech group limited

Good find dplatter! PROPTECH GROUP (ASX PTG) “We have another...

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    Good find dplatter!

    PROPTECH GROUP (ASX PTG)
    “We have another large position in PropTech Group, a stock that has more than doubled since we invested pre-IPO,” he said.

    “They provide the CRM software that real estate agencies rely on at every step of the sales and marketing process and used 2020-2021 to dominate the CRM market.

    “Now they have about 40% market share in Australia and New Zealand, more than the next three competitors combined.

    “Their next step is to show an ability to cross-sell other products and services to their customers.”

    Grosser believes their CRM software is the home base for real estate agencies, and because they own that, there is a massive opportunity to cross-sell ancillary services – including payments, which they are working on now.

    “PropTech Group is good value on an ARR multiple basis,” he said.

    “They have the real estate majors like Ray White and Raine and Horne as clients, and also as large shareholders, so their interests are aligned.

    “We think once they show cross-sell progress in 2022, the stock has further room to re-rate.”
    Last edited by justinp: 16/01/22
 
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