Very nice, should be a big 2020 for ICQ, a lot of opportunity to...

  1. 354 Posts.
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    Very nice, should be a big 2020 for ICQ, a lot of opportunity to grow the Indonesian business with Carmudi in the fold. Suspect management will look to spend a bit of capital extending the Carsentros product. Business should operate at breakeven for the next couple of years and reinvest for revenue growth and extending their market leadership. Carsales will eventually buy this business on a multiple of revenues so management are incentivised to growth that number over profitability in the short term.
 
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