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 Attachment 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/CampRes...R9K/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 ... too new, no revenue to speak of

Attachment 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.