CXZ 3.57% 2.9¢ connexion mobility ltd

Ann: Connexion Telematics OnTRAC Renewal with General Motors, page-132

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  1. 357 Posts.
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    It's clear you are frustrated.

    Management have announced a success (being the renewal of a longer-term contract with GM), and this is really positive news. The alternative is that they wouldn't extend the contract, obviously a scenario any prudent investor would have contemplated/ considered prior to risking their capital. But this is no longer a risk, at least for the next 5 years.

    This announcement of GM doesn't mean they can't kick other goals from here. It isn't a choose-one kind of scenario. Their ability to deliver here (on extended term) should be viewed as a positive sign for the other irons in the fire, I think it bodes well for us all moving forward.

    You make a comment re. Aaryn as the CEO. I find it odd timing to question the suitability of the CEO after the success in extension of a business critical contract, surely this criticism is better placed if he didn't succeed. Just my 2 cents.
 
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