CL8 - Collaborate Corp

[Baa_Baa]

Here's a company CL8 - Collaborate Corporation on the ASX that I've been following and am impressed with their entry and progress in the Peer-to-Peer (P2P) 'sharing economy' market.

They have acquired three P2P rental companies - DriveMyCar (DMC), Rentoid and MyCaravan, a recent buy-in to the Fintech sector through an invoice finance platform FundX, and have developed a platform for secure trusted P2P transactions PeerPass.

https://youtu.be/x0BQKlxuYU0 - an interview with the CEO Chris Noone

http://www.asx.com.au/asx/research/company.do#!/CL8 - ASX listing. Head shares 'CL8' and options 'CL8O'

http://hotcopper.com.au/asx/cl8/

The companies:
http://collaboratecorp.com
http://www.drivemycar.com.au
http://www.mycaravan.com.au
http://www.rentoid.com
http://www.fundx.com.au
http://www.peerpass.com.au

Disc: a toe in the water, spec play in the emerging P2P market. Dyor.

[NeverQuestion]

Thanks Baa Baa... Looks like a really solid company

[NeverQuestion]

Just purchased a small amount of shares

[Baa_Baa]

Thanks Baa Baa... Looks like a really solid company

No worries welcome aboard :) CL8s' Quarterly Report should be released today, http://www.asx.com.au/asx/research/company.do#!/CL8 that might prompt some market activity.

The SP has been beaten down recently though. I see it as distribution from traders who have worked the price spikes and rises to investor/accumulators, which is presenting good buying opportunity as traders compete to take profits, however there does seem to be buyer exhaustion right at the moment.

We'll see how the results look.

[Baa_Baa]

CL8 September Quarterly Report 7700

Pleasing results for the Sept quarter, with increased transaction value, good costs management, cash on hand and new partnerships signed. I think Collaborate are doing a good job of balancing investor demands for growth vs moving to cash+ve.

Key highlights from the report include:

+ Significant reduction in operating costs as a result of the Marketboomer divestment.
+ 31% growth in DriveMyCar rental transaction value with no increase in cost of sales.
+ $549,000 cash inflow from capital raising and exercise of options.
+ Marketboomer repaid $300,000 loan to Collaborate as part of divestment.
+ Cash on hand increased by $340,000.
+ Expectations of further cost savings.

Market chatter elsewhere is looking for guidance on Rentoid - the general goods P2P rental platform, and PeerPass - the renter/rentee trust platform.

All in all a pleasing result, next week the SP will show whether the market agrees.

BAA

Edit: link to research report http://sp2.actemarketing.com/CampResource/5M0X8L2NIILCPR9K/1/text.pdf

[percy]

Here's a company CL8 - Collaborate Corporation on the ASX that I've been following and am impressed with their entry and progress in the Peer-to-Peer (P2P) 'sharing economy' market.

They have acquired three P2P rental companies - DriveMyCar (DMC), Rentoid and MyCaravan, a recent buy-in to the Fintech sector through an invoice finance platform FundX, and have developed a platform for secure trusted P2P transactions PeerPass.

https://youtu.be/x0BQKlxuYU0 - an interview with the CEO Chris Noone

http://www.asx.com.au/asx/research/company.do#!/CL8 - ASX listing. Head shares 'CL8' and options 'CL8O'

http://hotcopper.com.au/asx/cl8/

The companies:
http://collaboratecorp.com
http://www.drivemycar.com.au
http://www.mycaravan.com.au
http://www.rentoid.com
http://www.fundx.com.au
http://www.peerpass.com.au

Disc: a toe in the water, spec play in the emerging P2P market. Dyor.

I looked at them,at the time,but did not go ahead.
Well with Turners taking a position in them, I now indirectly have a holding.
Turners most probably the catlyst CL8 need to get real traction.
With a market cap of just A$7.9mil they need the "big" partner Turners.

[Baa_Baa]

I looked at them,at the time,but did not go ahead.
Well with Turners taking a position in them, I now indirectly have a holding.
Turners most probably the catlyst CL8 need to get real traction.
With a market cap of just A$7.9mil they need the "big" partner Turners.

What date was that post of mine that you quoted Percy? 2014, 2015? I got out of CL8 on a good news spike and haven't been back in since. Company has gone backwards ever since. Made just over a $A mill revenue past year and $A 3+mill loss.

Report card:
http://collaboratecorp.com ... not a revenue earner, it's the holding company.
http://www.drivemycar.com.au ... the only significant revenue earner (proportionally), but big trouble growing usage
http://www.mycaravan.com.au ... a dud, dismal uptake by users, no decent revenue
http://www.rentoid.com ... a dud, dismal uptake by users, no decent revenue (they don't mention it anymore)
http://www.fundx.com.au ... a dud, dismal uptake by users, no decent revenue (they don't mention it anymore)
http://www.peerpass.com.au ... a tech middleware, not a revenue earner

and now www.carly.co (http://www.carly.co) ... too new, no revenue to speak of

10745

[percy]

Time to revisit them.?

[Baa_Baa]

Time to revisit them.?

Goodness, no! Lol. Did you read the FY report?

[percy]

Goodness, no! Lol. Did you read the FY report?

Historical.
Capital raise and a major trade shareholder on board could be the game changer.

[Snow Leopard]

Goodness, no! Lol. Did you read the FY report?

Just read the management blurb on page 1 and they say the future with Carly & Turners is wonderful.:t_up:

I have a vague recollection of owning shares in CL8 for a short while many years ago.
If I actually did it is obviously an experience I wanted to forget.

But seriously folks it is the future of any company that is important and these guys must be working to the mantra "if at first you do not succeed, try and try again".
So maybe this time this is 'it', or maybe not.

PS: definitely not a currently holder.