NNG 0.00% 2.0¢ nexion group ltd

*sigh* as always, some great insight but delivered on a brick...

  1. 420 Posts.
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    *sigh* as always, some great insight but delivered on a brick through the window.

    In order of appearance:

    "resell other people's tech, grow via rollup of other low margin "tech" businesses":

    Dicker Data resells other peoples tech at low margins and delivers a good outcome. Its only bad business if you do it badly.

    "grow via rollup of other low margin "tech" businesses":

    The target acquistions deliver up to 19% EBITDA which in most industrial businesses is relatively high.

    "still no CEO hired months after last guy was given the bullet":

    Because adding $300k to the payroll defeats the purpose of reducing the payroll to make a profit. If said CEO brought $3M of revenue with her from day 1 then great but I havent met one of those in the local tech market in a long time. Nasser is doing an outstanding job running the existing business so there isnt a need for a new CEO untl the new strategy is in place.
 
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