CXZ 1.79% 2.8¢ connexion mobility ltd

It could be assumed that with a CEO now well-remunerated,...

  1. 12,550 Posts.
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    It could be assumed that with a CEO now well-remunerated, contracts with GM in place, and a slow share buyback being executed - there is minimal reason for any urgency regarding collaborations/tech developments or upsetting the existing major customer by approaching "new" sales opportunities.

    The share price does not seem to be a focus for their attention and the company approach may remain this way for some time.

    Announcement June 21

    "Connexion is pleased to advise that it has signed a renewed agreement (“Renewed Agreement”
    with General Motors for the provision of its OnTRAC software platform for a further 5 years on commercial terms otherwise consistent with the original agreement"

    That may mean there is no pressing need to change the existing company strategy until June 2026.
 
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