Question on iCar Asia & Carsales
Hi my question relates to Icar Asia of which Carsales I understand are a major shareholder and which you topped up on recently. ICQ received an indicative bid of 50 cents a share back in Nov 2020 from US company Autohome but nothing further or concrete has been received since other than mention in Qtly reports that it is still in process subject to due diligence & approvals etc. They jumped to 35 cents last week but have drifted back to 29/30 level do you have any opinion on ICQ and what its potential maybe ?
Regards and also congratulations on an excellent publication very insightful and spot on to the current market !
Regards Peter