CXZ 3.70% 2.8¢ connexion mobility ltd

Earnings increasing & multiples expanding (Re-rate commencing), page-640

  1. 551 Posts.
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    Now that it's broken support I would expect this to head back to fill the gap at 1.9. There will be quite a bit of overhang to soak up, but imo this will still continue to track upwards with the long term trend given that cash balances and fundamentals are strengthening. From someone who has been holding this for a while, old mate interim CEO has been consistently dumping into any volume after results for a while so nothing new (except the significantly higher volume). Once he's out and a new CEO is appointed I would expect the next run to be much more sustainable.

    There is always the risk they lose the contract with GM, but until someone shows me something more tangible than speculation that this could happen I'm more than comfortable with the risk equation given that the company is cash flow positive and has a $20mil market cap.
 
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Last
2.8¢
Change
0.001(3.70%)
Mkt cap ! $24.55M
Open High Low Value Volume
2.8¢ 2.8¢ 2.8¢ $876 31.27K

Buyers (Bids)

No. Vol. Price($)
1 18725 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 175910 2
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Last trade - 15.51pm 09/08/2024 (20 minute delay) ?
CXZ (ASX) Chart
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