RNT 7.69% 18.0¢ rent.com.au limited

lacklustre & uncertain market conditions

  1. 49 Posts.
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    US Markets are volatile with some shares have fallen by 50% can name numerous since mid February.

    End of Jobkeeper is starting to take effect with companies going into administration and others retrenching staff or reducing hours.

    Covid Vaccine will fail somewhat as around 30% of Australians do not have a want to be jabbed and the lack of supply will delay the rollout .

    Market conditions are definitely deteriorating and more and more tenants need to op to share accomodation due to employment conditions.

    Thin is not to say RNT cannot be a $1 share at some point however it's been a great share for day traders to make quick profits .

    I see a long period of stagnation unless something disruptive occurs or a large alliance is formed with a Real Estate Franchise Group occurs.

    I am not sure people think that an injection of a couple of million dollars by Mr Bevan is a guarantee of immediate success.

    IMO the share will remain static for awhile and those who have invested above 30 cents may dump them due to the frustrating wait for rises in SP .

    See what happens next
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Mkt cap ! $71.57M
Open High Low Value Volume
19.5¢ 19.5¢ 17.5¢ $1.000M 5.407M

Buyers (Bids)

No. Vol. Price($)
14 660521 18.0¢

Sellers (Offers)

Price($) Vol. No.
18.5¢ 279132 7
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Last trade - 16.10pm 10/05/2021 (20 minute delay) ?
-0.015 ( 6.98 %)
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19.5¢ 20.0¢ 17.5¢ 4772591
Last updated 15.59pm 10/05/2021 (live) ?
RNT (ASX) Chart
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