Next Investors logo grey

Collaborate Corporation aligns with high profile motor vehicle brands


Published 16-NOV-2016 16:33 P.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Collaborate Corporation (ASX: CL8) has forged an agreement with Trivett Automotive Group, one of Australia’s largest prestige automotive dealers, representing 15 brands across 23 dealerships with annual sales of 25,000 vehicles.

The agreement will facilitate the promotion and rental of BMW, Jaguar, Mini and Land Rover vehicles to private and corporate customers through CL8’s DriveMyCar business unit.

From Trivett’s perspective it will allow potential buyers to experience a range of models sold from its Sydney and Melbourne dealerships, all of which are rarely available for rent through traditional car rental companies.

Importantly, Trivett Automotive is the retail unit of Inchcape Australia, a leading player in the automotive services sector operating in the distribution, retail and logistics markets. The group’s brand partners also include Rolls-Royce, Bentley, McLaren, Honda, Subaru and Mitsubishi.

Next Investors Image

Inchcape Australia is part of the Inchcape plc group of companies which is based in London. It is the world’s largest independent international automotive retailer with operations in nearly 30 countries.

Consequently, not only has CL8 aligned with a high profile Australian automotive group, but it has also potentially teamed up with a partner which could support international expansion.

Although it must be said that this is an early stage company and investors considering this stock for their portfolio should seek professional financial advice.

It is worth noting that this is the second deal with an Inchcape company, following the October 12 announcement of an agreement with Subaru.

Next Investors Image

The company’s chief executive, Chris Noone highlighted the importance of the group’s relationship with Inchcape in saying, “We are pleased to be expanding our relationship with Inchcape in this new deal with Trivett which provides customers of DriveMyCar with the opportunity to experience BMW, Mini, Jaguar and Land Rover vehicles in ways never before possible, but just as important is the fact that it demonstrates the group’s ability to strike material deals that provide a foundation for an increasing revenue trajectory.

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.