RMA Global provided a March Q update which was headlined by an announced strategic reset, focused on targeting growth in US subscriptions via partnerships with brokerages and technology platforms versus selling into agents on an individual/office basis.

Bell Potter's positive view was looking toward what appeared to be likely and significant Fed rate cuts by end-2024, however, persistent inflation has aggressively changed the outlook from a cut in May/June and several thereafter to the possibility of no cuts until 2025.

The key driver for shareholder value in RMA Global remains the US market, the broker notes, where a decline in interest rates could potentially affect a tailwind for house sales and by extension activity on RMA's platform and subscriptions.

Speculative Buy and 12c target retained.

Sector: Media.

Target price is $0.12.Current Price is $0.08. Difference: $0.04 - (brackets indicate current price is over target). If RMY meets the Bell Potter target it will return approximately 33% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2024 Acquisdata Pty Ltd., source FN Arena