Australian (ASX) Stock Market Forum

RNT - Rent.com.au

Re: SLT - Select Vaccines

alot of volume movement lately.. anyone got any info about why the huge amounts?

http://au.finance.yahoo.com/q/hp?s=SLT.AX

I don't currently own any of these shares. just curious really.

read through last couple pages of the thread..
no news out yet unless people are hearing things that havent been announced as yet as to what the project will be etc.. but pretty much the stock is soley based on speculation and hype that those directors involved have the ability to bring in a great project that will double or tripple the current market cap..
 
Re: SLT - Select Vaccines

Seems to have allen bak to some sort of support at .9
Reakon this is just ecause ppl are pulling out of shell plays due to the overall uncertainty of the market? Or is there some other reason?
 
Re: SLT - Select Vaccines

whole market is down.. people are always scared if the market gets smashed shell plays like this will be worth zip they have nothing.. I dont think the market will be smashed yet it is coming of bit.. SLT will still run when they announce a project.. no change in substanial holding notices that I have seen yet ..
 
Re: SLT - Select Vaccines

a bit of volume this morning and now in pre-open... could this be what we've been waiting for?
 
Re: SLT - Select Vaccines

just reading the article on WFE WInmar which was backed into asx..
some major players in that one..

Waiting and hoping ..
 
Re: SLT - Select Vaccines

praying to the mining gods that SLT announce they have a mongolian potash project to back into this shell .. hello 1billion dollar market cap .. (sorry for the totally uninformative post)
 
Re: SLT - Select Vaccines

praying to the mining gods that SLT announce they have a mongolian potash project to back into this shell .. hello 1billion dollar market cap .. (sorry for the totally uninformative post)

seams all the hype in thi s stock has all but gone , no ann update = no interest, what ever slt plans are i hope a gold play dos'nt get slotted in.......:eek:
 
Re: SLT - Select Vaccines

this one is a waiting game.. I will wait .. same as NDL ..
NDL will probably be quicker as directors took options..
 
Re: SLT - Select Exploration

Possible purchase of 100% ownership rights to the brand rent.com.au.

Possible relist of securities from SLT to RNT, and renamed from Select Exploration to Rent.com.au

Very speculative, subject to a shareholder vote and a massive capital raising which will dilute holdings massively. After credit raising the market cap should be around $12 million...
significantly lower then same industry alternatives, eg: REA, CRZ (now CAR), Wotif, etc.

Currently trading at 0.6cents, but there is a share consolidation that will raise price to around 20c soon. Very low volume, potential not yet recognised.

Risky.... but...

Brand name power could make this one a big winner. Business models like this have massive profit potential due to low operating costs, meaning more surplus cash for aggressive growth or high payout ratio.

46% of private rentals are owner leased. Realestate.com only allows listings from agents.

More than likely what will possibly happen will be a generous takeover offer from REA, just as they dig their feet in. Will still make the trade profitable, however the larger potential will be to reject the (possible) offer, and continue forward.

I'm In.
Good Luck all Holders.
 
Re: SLT - Select Exploration

This company has a round bottom.
It was in medical then went to exploration and now rentals ?
Where is the synergy ?
I have had this with great hope and got out of it.
With direction less strategy some one has to pay their money for me to invest into it.
DYOR and miracles could happen
 
Re: SLT - Select Exploration

Getting a bit nervous, SLT have not hit any of their timetable items since the announcement and no general meeting advertised which was projected to happen mid-march. Thinking of dumping this one, if they loose rent.com.au they got nothin.
Wouldn't be surprised if REA are making a play at this deal.
 
On June 19th, 2015, Select Exploration Limited (SLT) changed its name and ASX code to Rent.com.au Limited (RNT).
 
and since RNT landed on the ASX it has been unloved, you would have to surmise.

but today, up 150% from previous trades around 4.5c, to 11c today with vol

Weekly chart, since listing
1612231903158.png
y
 
Key Points:
  • Australian technology entrepreneur Bevan Slattery leads investment into RNT
  • Placement of 55 million shares at $0.05 raises $2.75 million
  • Provides additional capital to accelerate RNT’s transformation of the renting experience
The Company is readying to launch RentPay, with which it aims to give renters more control and flexibility over their payments and managing their housing expenses. This launch follows the achievement of a second successive positive EBITDA quarter from the Company’s initial venture, the Rent.com.au portal.

I wonder what will eventuate?
 
another way to see hope and optimism (Slattery has tripled his money in 2 days)

Rent.com.au CEO Greg Bader had this to say on the recent deal:
Bevan [Slattery] has a well-earned reputation for innovation and disruption across the technology sector and having Bevan come on board as a major shareholder is fantastic. I am excited that Bevan shares our vision for the platform and this additional investment will allow us to maximise the potential of our upcoming RentPay launch and provide additional working capital for marketing and product development.

The company's release also quoted Mr Slattery on his investment:
I love disruptive platforms that have the ability to scale and Rent.com.au has great potential to achieve that goal. I look forward to supporting the board and management team and am excited to be backing another innovative Australian technology platform.

1612347311219.png
 
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