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3.0¢ connexion mobility ltd

Nope, keeping buying back stock!

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10,145 Posts.

1368

21/02/23

15:46

Post #: 66375468
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Originally posted by T.E.P.: ↑

What do investors here think about a special dividend? They have no debt and A$4m in net cash and investments. If most of the $3m USD ($4.3m AUD) ARR boost flows to the bottom line, we will see a nice jump in positive cash flow and profits. As such, they may not need all of that war chest sitting on the sidelines... I'd be supportive of a special divy. They could cash out about half of that cash pile (A$2m) to shareholders (and rebuild it back to $4m quickly with the incoming positive cashflow + still have plenty of cash to invest for further growth). With 940m SOI, that (i.e. A$2m) would be a one-off dividend of 0.21c/share or an 11.6% yield at 1.8c/share. Either way, it is a good situation for CXZ to be in. If they don't cash out some of the cash to shareholders, their cash pile will grow or they can keep it stable and ramp up investments for growth.

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Nope, keeping buying back stock!

CXZ Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change 0.000(0.00%)		Mkt cap ! $27.00M

Open	High	Low	Value	Volume
3.0¢	3.0¢	3.0¢	$1.263K	42.10K

Buyers (Bids)

No.	Vol.	Price($)
5	1387551	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	78066	1

View Market Depth

No.	Vol.	Price($)
4	1318586	0.029
4	3220735	0.028
1	18939	0.027
1	352299	0.026
2	2040000	0.025

Price($)	Vol.	No.
0.031	78066	1
0.032	325099	4
0.033	432144	3
0.034	246582	3
0.035	904498	3

Last trade - 11.07am 07/06/2024 (20 minute delay)


Last 3.1¢			Change 0.000 ( 6.90 %)
Open	High		Low	Volume
2.9¢	3.1¢		2.9¢	110000
Last updated 12.49pm 07/06/2024 ?

CXZ (ASX) Chart