It's not an impossibility - we'd be a snack for GM at current market cap, though there has been no indication that this is on the cards apart from a mutually beneficial long term relationship.
There is every prospect that a tech company could buy us out. At current share price representing $17 million market cap, from a tech companies perspective it would suit their agenda and expertise.
Current market cap = $17.6m
Purchase offer at 20% premium to market cap = $20 million
$2.4m cash on hand = $17.6m at cost not accounting for other assets
for an $8m revenue business... ?
So yes, I would consider us a takeover target by large tech companies, competitors in the telematics industry, and possibly GM, though I think it unlikely in the current economic environment.
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.20M |
Open | High | Low | Value | Volume |
2.7¢ | 2.8¢ | 2.7¢ | $178.3K | 6.599M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 331952 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 1181306 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 331952 | 0.027 |
1 | 2000000 | 0.026 |
2 | 2040000 | 0.025 |
3 | 290000 | 0.024 |
1 | 35000 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 1181306 | 6 |
0.031 | 231430 | 1 |
0.032 | 505000 | 2 |
0.033 | 1236689 | 6 |
0.034 | 246582 | 3 |
Last trade - 15.40pm 19/06/2024 (20 minute delay) ? |
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