RNT - Rent.com.au

[greggles]

The RNT share price is really on the move today, up 22.4% to 30c. No news or media articles published that I can see. Lots of buying going on this afternoon.

There must be a reason for this feeding frenzy. Anyone have any insight into what is going on with RNT?

 

[Funda-Struck]

The RNT share price is really on the move today, up 22.4% to 30c. No news or media articles published that I can see. Lots of buying going on this afternoon.

There must be a reason for this feeding frenzy. Anyone have any insight into what is going on with RNT?

New app launch, rentpay, expected before the end of the month.
Significant potential in increasing the cashflow...
Could be the reason for the buying...

 

[TechnoCap]

seeing a little accumulation around 23-24c which may prove the new bottom for April

 

[TechnoCap]

expect to see a break up or down this week or next with a triangle/wedge formation

 

[basilio]

A new IT product that offers an opportunity to do some further rent clipping from the rental housing market.
Quite clever and should make some decent coin.

Essentially it is a mechanism for Real Estate agents to outsource the costs and management of rent collections to the renters via the Rent Pay ap. Instead of renters just transferring monthly rent payments into the Agents accounts they now have to open a Rent Pay account ($) pay funds into that account and then have them transferred ( more $$ ) to the agent.

Each renter will pay roughly $3 a month to pay their rent. So if Rent Pay can sign up a million renters they make $3m a month or $36m a year.

However Rent pay won't have to chase renters that hard because it seems many agencies have decided to enforce the Rent Pay mechanism when renewing leases.

Rent.com.au launches its RentPay product; targeting 200,000 users by mid-2023 - Stockhead

Rent.com.au (ASX:RNT), the ASX stock focused on the renters market, recently launched Rent Pay a product helping tenants pay rent.

stockhead.com.au

RentPay, the email stated, was “the most cost effective and simple way” for tenants to pay their rent. If Max didn’t agree, it didn’t seem to matter: “All new leases moving forward will be required to use RentPay as their favoured method to settle rent amounts,” the email said.

What it didn’t say was that by signing up to use RentPay, Max would be forced to pay a $3 set-up fee, plus a monthly fee of $2 as well as 1.25% for each transaction for any payments via Visa or Mastercard. Using BPay would attract a transaction fee of 88c.

Pay the rent, and the rest: tenants hit back at the rise in third-party processing

Aggrieved tenants forced to pay fees as real estate agents outsource rent collecting feel little choice but to pay up

www.theguardian.com

 

[waterbottle]

This just reads like bad press IMO...

 

[Dona Ferentes]

seeing a little accumulation around 23-24c which may prove the new bottom for April

and discovering a new low of 10c in August

Despite the success of RentPay, pulling in 2,400 downloads of its exciting App (out of 2.5 million rental households <so few??>)

Wait a minute:
2,400 downloads
2,200 registered Users
1,300 Activating Customers
100 Paying Customers

In a month, that's 3 a day. Wow.
(OK, 5 a day if Mo-Fri working week)

 

[TechnoCap]

and discovering a new low of 10c in August

Despite the success of RentPay, pulling in 2,400 downloads of its exciting App (out of 2.5 million rental households <so few??>)

Wait a minute:
2,400 downloads
2,200 registered Users
1,300 Activating Customers
100 Paying Customers

In a month, that's 3 a day. Wow.
(OK, 5 a day if Mo-Fri working week)

good opportunity to load up at such discounts @Dona Ferentes
Not holding the stock out at 0.29c and a re-entry to be confirmed

 

[Dona Ferentes]

Not holding the stock out at 0.29c and a re-entry to be confirmed

(now 5.1c) How to perform a re-entry :