Carsales silent on iCar Asia's Thai buy

Intelligent Investor

Independent Financial Research

Carsales silent on iCar Asia's Thai buy. Its share price has fallen due to the capital raising, but iCar Asia (ASX: ICQ)'s acquisition of Thailand's No. 1 car classifieds website, One2Car, looks like a cracker. Here are a few highlights: (VIEW LINK). To me the share price still looks like a bargain, but the stock undoubtedly remains a speculation, if not a wild punt.

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Intelligent Investor
Independent Financial Research

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