Clearly Car sales had a fishing expedition prior to purchasing demotores which spiked LAA Pre Chrissy.
Most importantly Strategic investor(S) are now at the table.
LAA had the choice of premier websites in all markets 3 years ago and are well and truly in front of the curve with monetisation, dealers and secondary revenue lines in comparison to solos and demotores. LAA sites are clear number one in each geographic area. So once strategic investor is signed up and onboard with deep pockets the ramp up to break even profit will be accelerated.
Carsales are simply picking up the scraps trying to stay in the game now. ICars is a money pit with no end in sight. Both businesses that car sales have purchased (solos autos and demotores) are basket cases with previous management issues. (Who are still investors). So car sales potentially has a few hard years in front of it chasing illusive 'acceptable shareholder growth.'
All LAA needs is a couple of decent operators at the top rather than the two self appointed incompetent 'gringos' taking grossly inflated wages. I have no problem paying good operators (which Jorge Ribadeneira is one - without him this company would be in big strife). But this has been a case of amateur hour. (which unfortunately has lasted over 2 years)
LAA Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
