Top holder: Bevan Slattery

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Bevan Slattery:

currently MP1 : Non-Executive Chairman,Non-Executive Director,Interim Chief Executive Officer (Since 07/03/2023

Mr Bevan Andrew Slattery

Bio

Mr Slattery is one of Australia's entrepreneurs, has founded some of technology success stories. Starting as a co-founder of PIPE Networks, Australia's Internet Exchange and third-largest metropolitan fibre network provider, Slattery sold the company to TPG in 2010. Subsequently, he founded NEXTDC, Asia's most innovative data centre-as-a-service provider;

Megaport, the global leading elastic interconnection provider; Cloudscene, the world's largest platform for searching cloud and connectivity services; Biopixel, Australia's production service provider for natural history and animal behavioural sequences; Superloop, a Pan-Asian infrastructure-based telecommunications provider; SubPartners, a submarine cable operator and Indigo Cable investor.

And More Below:

The valuation of 23c in this article is based on RentPay capturing 20% of the renters market by FY24. With 3007 active customers on its platform this seems a significant stretch.

In crease in users, stream lining cost, ongoing partnerships with Origin.

$1 million paid in rent each week via RentPay.

Upgraded dashboard for users.

June-2022-Quarterly-Report--Appendix-4C.PDF

I believe long-term this company will become a feature of a big player like REA.

DISC - HOLD IRL

Rent has gone into a trading halt pending a capital raising being announced. It's not an opportune moment share-price wise given a five-fold decline from over 30 cents in Feb 2021 to 6 cents today. It's not entirely surprising though given their last 4C had them with $1.8m of cash and having burnt $1.0m in the quarter.

[Not held]

Questions regarding rent.com.au answered by management (15/09/21), paraphrased:

1. Is the prepaid rental capital being used to invest?

No it is held in trust. In the future it could be something they look into from an economies of scale perspective

2. Is there commercial renting / leasing done on the platform?

(Email reply from Jan, COO) We do own lease.com.au but we have not really developed it (listing volumes, features etc) yet. It is on the “to do” list but we have higher priority things we’d like to monetise first.

On yesterdays presentation, I asked if the guys were renters. The question wasn't answered but I did recieve a prompt email response.

“Thanks for your question regarding whether we rent.

I don’t rent anymore but most of our staff do, including the product development and marketing teams. We also have groups of external renters that we regularly run product ideas past to make sure they’re relevant and needed.”

Jan Ferreira 15/9/21

Not held

This company is slowly kicking goals. I had wondered if there was a TAM really worth chasing but, the growing revenue, the developing opportunities and areas open for disruption suggest, they may actually turn this into something worth at least, adding to your watch list!

note: Bevan Slattery has taken a 10% stake. 
 

https://www.asx.com.au/asxpdf/20210915/pdf/450j6jl9n2xmb3.pdf

1M RENTER RESUMES CREATED

Key Points:

~ More than 1,000,000 people have now created a Renter Resume™ (since October 2016 release)

~ In 2020 we averaged 22,500 Renter Resumes and 78,000 enquiries/applications per month

~ Provides excellent platform from which to launch the new RentPay product

~ Data collected highlights the significant unrecognised potential of renters, dispelling myths

~Key driver of Renter Products revenue (360% growth since release of Renter Resume)