Drivemycar appears to put a lot of emphasis on winning various corporate deals, but then I'm surprised at how they don't appear to take advantage and expand with them aggressively "to actually create value for CL8 SH's".
The Investor presentation speaks about all these corporate partnerships over the last 2years, but CL8 is not receiving any value for all these deals the Value is not being recognized, below are just a few clear examples of this:-
Interleasing supply doesn't appear to have grown noticeably in over 2years
Smartfleet deal is 18months in, needs greater leveraging/refresh
Subaru we now appear to be awaiting for a new models arrival
Pickles now 12months on and still only 5 vehicles
ORIX supply doesn't appear to have grown much in 18months plus no additional locations
RACV 18months on still sub-par
UBER Rideshare Perth, Adelaide
Aon, well enough said!
Running discussion on CL8, page-436
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