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
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.90M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.1¢ | $31.36K | 998.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 148191 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 82466 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 148191 | 0.030 |
1 | 500000 | 0.029 |
2 | 680000 | 0.028 |
6 | 1935268 | 0.027 |
2 | 58000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 82466 | 1 |
0.033 | 341792 | 3 |
0.034 | 567888 | 3 |
0.035 | 884498 | 3 |
0.036 | 416527 | 2 |
Last trade - 15.48pm 10/05/2024 (20 minute delay) ? |
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Last
3.1¢ |
  |
Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
3.2¢ | 3.2¢ | 3.1¢ | 285775 | ||
Last updated 15.48pm 10/05/2024 ? |
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CXZ (ASX) Chart |