I finally got around to giving the prospectus a thorough reading through today and it looks promising, the board certainly have expertise and experience getting companies through this phase of their life-cycle. The cynic in me wonders why they'd feel it necessary to float the company this early.
With that being said however, they're business model is identical to CRZ, except they are operating in markets where the gross population is not only far larger than australia's, but so are the population growth rates, gdp growth rates, car/capita growth, etc.
Obviously there are a great deal more risks attached to the business but it looks like it could represent good value imo, so ive been mulling over taking a smallish position while its still in the early stages
Just wondering what other people out there are thinking? If you havnt got an entry, how low would you want it to be?
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