I think Friday's small increase was due to the Euroz report with a price target of 21c before this announcement.
From the Geodis website: "Logistics is paramount for any company’s competitiveness. GEODIS is a worldwide transport and logistics leader that supports clients in their daily work by helping them overcome their logistical constraints. We're recognized for our expertise and mastery of all aspects of the supply chain, as we serve as a real growth partner for our clients. With our five lines of business (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express and Road Transport), we are a regional organization that spans all continents, with a direct presence in 67 countries and a global network covering 120 countries. GEODIS is ranked seventh in the world and sixth in Europe in our field. We are also the distribution and express leader in France."
Translation- Geodis is massive.
From today's release: "Our GEODIS Asia Road Networkallows our customers the flexibility of a multi-modal supply chain which seamlessly connects their freight from Air to Sea to Road through our fixed scheduled own controlled network. This has proven to be especially important to our customers during this pandemic. This new extended partnership with Yojee will ensure we continue to bring maximum benefit to our customers as they work to de-risk their supply chains"
Yojee + global leader + extended partnership + important in pandemic.
What's not to like?
YOJ Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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