hidden treasure

Looks like a solid company (run by people that manage other successful ASX listed companies - iProperty and iCar Asia)

Abstract from the Australian Financial Review article…

Canaccord presented a list of six reasons to own the stock, including;

¦ 1 iProperty is an 8 bagger since listing / iCarAsia is a 4 bagger

¦2 iBuy is a more advanced business, with $80m revenues, and having just broke even

¦ 3 the iBuy register is populated with solid fans of Luke & Patrick

¦ 4 The guys have an incredible track record of building these businesses and generating investor wealth

¦ 5 The 1+1=3 for iBuy is on the supply side, combined with the scalability of distributing products (not services)

¦ 6 iBuy is the only way to get online retail exposure on the ASX