I don't think Hishenk and RACV are the least bit worried about the recent decline in the share price as they see it as a short term blip.
Why should they be?
- they are currently have the support of some big international players such as Aon Insurance, Uber, Subaru, Peugeot & others. How many small companies have such contacts.
- RACV is a shareholder
- they have the ability to crank up sales in DMC when they are ready, through new associations such as Peugeot or to reduce their minimum hire period down from 7 days to say 2.
- they have grown their car fleet to over 1000 vehicles and it continues to grow
- they have a new maintenance agreement with Uber
- they do not need any cash.
- Mobilise is ticking away in the back ground growing day by day.
- they have just upgraded their my caravan website and are working closely with RACV on this which should see greater sales.
- they are looking at a new business venture probably in insurance with Aon.
- each quarter the business revenues continues to grow
They know it is just a waiting game and eventually revenues as they grow will exceed expenditure. If they wished they could go down to a broker such as Wise Owl and knock on the door for some exposure. But this costs money and I am sure they don't see the point.
They are happy to wait and so am I.
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