CXZ 3.70% 2.8¢ connexion mobility ltd

CXZ - An exciting growth prospect with strong fundamentals, page-14

  1. 375 Posts.
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    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
0.001(3.70%)
Mkt cap ! $25.20M
Open High Low Value Volume
2.8¢ 3.0¢ 2.7¢ $90.53K 3.230M

Buyers (Bids)

No. Vol. Price($)
3 6317657 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 891684 1
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Last trade - 15.32pm 18/06/2024 (20 minute delay) ?
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