indonesia competition, page-13

Don't under estimate carsales influence, Piscoitta and Roebuck, won't be investing just for fun. If Australia is anything to go by, they will quickly be taking out the competitors, generally they target number 3 and 4 in the markets first. Then build from there.
Operating cash burn is no way near 1.5 years as their there is no way they are chewing through $10m a year.
Whilst I am bullish on carlist.my, given SPH acquisition of carmall in Indonesia in early april and they also are the leading property site in Singapore, they may have to settle for market dominance in malaysia and Thailand only.
In the end though it will be a big boys game with either SPH or Carsales washing it all up.
But maybe not. Groves and Co. Ultimate aim is no doubt to be taken out, but REA and SPH not come knocking yet for IPP.
Still see this being a $100 million cap company in the short term, so see a price of 75cents sooner than later.