CXZ 0.00% 2.8¢ connexion mobility ltd

Ann: Appendix 4D & Half Yearly Financial Statements, page-14

  1. 376 Posts.
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    Ahh the erratic, emotive and unsubstantiated posts of HC. We all knew that vehicle subscriptions numbers had dropped - that drop represents the "cream" that the company makes in terms of profit. For those posters in mock outrage posting their declarations of indignation - you're either down rampers or you're muppets who can't see any link to quarterlies and HY reports.

    For those interested in actually analysing the HY report:

    - Balance sheet improved marginally
    - Revenue down by 28% due to COVID - company still maintained a profit.
    - Cash position increased significantly


    @Lfc876 I like how you used three question marks to stress the urgency of how anxious one should feel about GM contract not being renewed. GM continues to take up more work with CXZ at every opportunity. Nania has stated he sees renewal as being likely for this reason, and for the reason that GM has been very happy with their work. Of course other contracts are also being sought for growth opportunities. This is the obvious place where growth will come, don't you think???? Whether it will or not, is speculation.


 
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