CXZ

1.89%

2.7¢ connexion mobility ltd

Ann: Connexion Telematics OnTRAC Renewal with General Motors, page-167

First 167 Last

Share
Profile

Follow
Dandaman21

271 Posts.

27

27/05/21

08:54

Post #: 53445487
Share

Originally posted by T.E.P.: ↑

@Dandaman21,

The short answer is that I hoped market participants would be rational and that the market would be efficient (EMH), with respect to this announcement. But, the reality is that the market was neither rational nor efficient. I am not that surprised. Markets are often inefficient in the short term, but almost always efficient in the long term.

Why was this the case? There are many factors at play and I will try to explain them in a separate post at another time, but in short, it comes down to i) the quality of the investor register (primarily uninformed retail investors who are new to the market), ii) sentiment towards the company, iii) historical trading patterns of the stock (which dictates average entry prices of shareholders) and iv) the way the news was released (during the day in a 'plain' fashion, rather prior to market open with some more 'hurrah).

The silver lining is that 5% of the register turned over on the day of the announcement. A further 2% has turned over since. The register is improving and the average entry price of shareholders as a whole is decreasing. This will be helpful in allowing the stock to run, in time. The business continues to perform. The share price is not performing... yet.

T.E.P.

Expand

Well, one thing there's not shortage of around here is hoping, that's for sure!

CXZ Price at posting: 1.6¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

TYX

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 31 more messages in this thread...

First 167 Last

Add CXZ (ASX) to my watchlist

(20min delay)
Last 2.7¢		Change 0.001(1.89%)		Mkt cap ! $22.94M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.7¢	$142	5.26K

Buyers (Bids)

No.	Vol.	Price($)
2	2776307	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	19740	1

View Market Depth

No.	Vol.	Price($)
2	2776307	0.026
4	3090000	0.025
5	651666	0.024
1	35000	0.020
1	55611	0.018

Price($)	Vol.	No.
0.027	19740	1
0.028	5176920	8
0.029	2330002	5
0.030	1207618	5
0.031	550000	2

Last trade - 10.02am 15/11/2024 (20 minute delay)

CXZ (ASX) Chart

Ann: Connexion Telematics OnTRAC Renewal with General Motors, page-167

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Banshee's historic trenches prove rich in antimony and gold for GDM

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Connexion Telematics OnTRAC Renewal with General Motors, page-167

Top Stories

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Banshee's historic trenches prove rich in antimony and gold for GDM

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News