Ann: iCar Asia Limited reports record annual collections, page-5

Big change in registry in last few months, looks like Catcha and PM Capital hoovered up most of the recent rights issue. CAR and AFIC didn't participate but with shortfall over 50% looks like majority of retail shareholders also sat on the sidelines. I think retail have been scared off by the last couple of years and are in wait and see mode. I think with a refreshed balance sheet and reduced need for capital now is time to revisit. I think it's a big positive that Catcha continues to put their own money in particularly when they have a lot of irons in the fire. PM Capital looks to have had significant investments in this space in Asia so them going large is also a good sign. Not worried about CAR sell down that much as suspect plenty of other strategic shareholders that would like a piece of this one particularly at these levels. Things are looking up for ICQ in 2018 IMO!