IPO sellers still lurking, but seems way undervalued imo compared to its peers. Will be interesting to see how much of an impact the company presentations have on the share price. Also interesting article below with LAA Chairman highlighting the companies enormous potential in South America given Carsales.com.au current market cap...
Peer comparison image from yesterday's company presentation:
Handley’s top priorities for 2015 are to integrate all the newly acquired operations into LatAm Autos, as well as implement its new business model. But he says the company’s end goal is to be the go-to for car ads in Latin America.
“Our long-term goal is to be the dominant number one site in each market,” he says.
Asked whether he has an exit strategy, Handley wouldn’t be drawn on his own plans, but says the opportunity that LatAm Autos requires persistence over a long time frame.
“For now we are focused on working hard to become the dominant auto classifieds company in Latin America, excluding Brazil,” he says.
“The size of the opportunity is obvious with a target population of 222 million in our markets. Compare this to Australia’s 23 million population and the fact that Carsales.com.au has a market capitalisation of $2.49 billion.”
