SP went down on pure speculation I believe. It never looks good when an entity that controls 20% of a company sells all of it off. Gives the impression of a lack of faith in the future profitability of CXZ. However as Lucerne basically did the same thing with Pureprofile today, I believe this says more about Lucerne then it does about CXZ.
Just keep in mind the share price is basically equivalent to what it was a year ago, despite making almost 7 times more net profit than they did in FY19. I'd be surprised if the SP continues to fall tomorrow, but it should eventually hit the target of 10-15c, possibly even beyond if they can manage to get a 2 year extension of the GM contract which is the main cause for concern as it expires next year. This would give CXZ financial security throughout the worst recession in recent history, but as shareholders you can at least take comfort in another year of guaranteed revenue.
If we can get a brand new board of directors as well that would be great, hopefully directors who can put their money where their mouth is instead of selling for personal gain. CXZ is arguably the best bargain on the asx currently, and in the coming days/weeks/months the SP will reflect that. Not financial advice, DYOR, etc etc.
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