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An announcement from Rent.com.au Ltd ( (AU:RNT) ) is now available.
Rent.com.au Limited has secured an option underwriting agreement with Templar Corporate Pty Ltd to fully underwrite the exercise of its remaining listed options, ensuring additional growth funding. This move is expected to accelerate the company’s profitability and positive cash flow by reducing borrowing costs and enhancing the funding of its RentBond® loan book. With more than $9 million in cash and $5 million in undrawn debt, Rent.com.au is well-positioned for further growth, anticipating cash flow break-even within the next 12 months.
The most recent analyst rating on (AU:RNT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Rent.com.au Ltd stock, see the AU:RNT Stock Forecast page.
More about Rent.com.au Ltd
Rent.com.au Limited is Australia’s leading platform for renters, focusing on providing rental property listings and associated services. The company is known for its RentBond® loans, which help renters manage their rental payments effectively.
Average Trading Volume: 3,111,071
Technical Sentiment Signal: Buy
Current Market Cap: A$58.25M
See more data about RNT stock on TipRanks’ Stock Analysis page.