LAA 0.00% 5.9¢ latam autos limited

Takeover target

  1. 39 Posts.
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    Check this out - https://seekingalpha.com/article/4104307-add-bitauto-growth-portfolio?page=2 This is a great article. I calculate BITA has around 1.5% of the total used car financing market in China in only 2 years since Yixing launched which is very impressive. If you want to get in early on a very similar business model, LatAm Autos (ASX:LAA) is the number 1 auto classifieds website in Mexico, Ecuador and Peru and they have just recently launched their own auto finance business that is exploding just like Yixing did albeit on a smaller scale. If they get 1.5% of the Mexican used car finance market its worth around A$100m in revenues to LAA. With a market cap of only US$25m Either a bank or competitor would look to swallow them early. If not we get to enjoy the full ride. Exciting times ahead I say - investor preso and Oct update http://www.asx.com.au/asxpdf/20171024/pdf/43nj60fdqpy2bg.pdf and http://www.asx.com.au/asxpdf/20171110/pdf/43p3xkjxjk3h94.pdf
 
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Currently unlisted public company.

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