AON is an insurer, they take their cut, AON unless I am mistaken do not provide any advertising or real assistance to CL8 they are like a hooker, they take their cut for their service and go... Sure CL8 might use them more often so AON give CL8 a discount... Common business practice... Nothing special about this relationship... If there is please correct me.
CL8 have grown their car fleet, and grown their revenues.... But they have increased their expenses to an extent where their losses for the quarter nearly doubled compared to the last quarter...
I know spending is necessary to lay a foundation for the future...
Growth in the fleet is promising... But these numbers are not getting CL8 over the line.... until the company has a critical mass of assets, this model is not sustainable.. And at the present time I have no idea how CL8 will do this... In your scenario of do nothing and wait CL8 I will bleed cash until it dies...
The waiting game does not work.. you can't just hope something will happen... I know behind the scenes there has been a lot happening... But the cumulative efforts fall short of where CL8 should be.
Working with RACV is the best thing CL8 has done, their reach is huge, and their partnership is the catalyst for huge asset growth especially in Vic for obvious reasons...
Without RACV CL8 would be in shambles... Remove the RACV assets from DMC, and take another look...
Agreed my caravan revamp looks great... But there has been no real increase in users for 2 years... But the website sure is pretty.. Yes looking forward to RACV partnership, epic things could happen...
I see you have hope in your eye for CL8, and so do I.. The share price could rise rapidly, quickly... But until I see the catalyst for the turnaround, I will remain cynical.
The company needs Racv to take the reigns... Because without RACV, CL8 would be a race behind... The company just needs a significant change... It would be stagnating if not for RACV propping it up. And this co has it's fingers in so many pies... I just dont feel as if the CL8 ship is being skippered to it's full potential at the moment... I feel as if I have heard the same story for to long, and I keep getting fed the same thing.... Like an ex girlfriend you know when things don't feel right.
AON is an insurer, they take their cut, AON unless I am mistaken...
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