While the key performance metrics have been good, the share price has been on a roller coaster ride. At the beginning of November the share price was $0.18, by the beginning of December it hit a high of $0.55 and has since settled back down to $0.30.
Key statistics for the December period include:
“We increased our audience share relative to the rest of the market which, as reported by AC Nielsen, declined 24% during December due to the normal Christmas seasonal adjustment. By comparison, we recorded only a modest 8% seasonal decline in UV’s when compared with November,” Mr Woschnak said.
“This is a better result than expected and we are well on track to see a significant increase in traffic volumes in January and February as people return from their holiday break and start looking for their next rental property.”
With key site measures maintained and a growing unique audience, the Company is moving into the next phase of its growth which involves: