I take you think CarSales with there 22 % stake is being taken along for a ride? I suggest the strategy of ICQ will be what drives a solid increase in income over the next 12 months. But taking your baiting further, you spoke of fundamentals and the lack thereof (noting it has a similar business model to CRZ and is risking this against the Asian growth story). Hmmm. What are the lack of fundamentals you speak of?
Furthermore, I would be surprised to see the company rest on its current strategy and not adapt, improve and negotiate its way to being a leader in its field within the Asian middle class story and achieve the income to match. Sure, you are right in identify a degree of risk and we wont know for quite a while if it is being managed until the numbers set a trend....but that is the nature of Greenchip stocks.
Of note...another 'I' stock, IPP has a recently been injected with a 17.7% stake by REA. I suggest the fundamentals across the various 'I' is solid although note more proof is needed from ICQ and IBY.
ICQ Price at posting:
$1.57 Sentiment: Hold Disclosure: Held
