Ann: Carly & iMotor to offer Car Subscription to over 700 dealers, page-39

Each quarter I get excited about the quarterly report thinking it will shed some light but it never really satisfies. End of October we will see an important one, the cash on hand will be interesting to see for one, how much is being spent on marketing and Carly launching in NZ. The other is revenue, how much growth has there been or as many have alluded to are we switching rentals from DMC to Carly.

With regard to the money being invested in competitors such as Car Bar, do we know what stake those large dollars bought? Turners got 10% of us for $1 mill, what percentage and therefore valuation does CarBar and the likes of Car Next Door have?

performance here has been woeful and we just havent delivered on revenue growth or partnerships that have really made a difference to exposure or growth. price is holding in the .7-.9 range and there is a lot of upside here if revenue can be shown to gain traction. The issue is most of us need significant upside to get back to square one.

Enjoy the long weekend if you get it, GWS by 4 points is my tip.