CXZ

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3.0¢ connexion mobility ltd

Earnings increasing & multiples expanding (Re-rate commencing), page-959

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Fridayme

1,921 Posts.

775

07/09/20

13:27

Post #: 47142928
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Originally posted by Startingagain: ↑

Based only on what I can see I have to disagree.

The sell side up to 2.9cents has actually increased from approx 25million shares this morning to 28million shares
but happy to be corrected If the numbers including chi-x say otherwise

I think the big thing here is we have a company that has positive cash flow which places them in a strong position to push forward post Covid.

The upsides are simple

New CEO when the time is right, otherwise let Aaryn, Tasso and the team keep up the good work, delivering any sort of positive cashflow during a global pandemic is a win especially for a micro cap stock

Maintain recurring revenue and grow it post Covid, the customisation and development work will reap the rewards at a later date whilst also ticking over a small consultation fee during Covid

New contracts, we have the runs on the board with GM. We have proven we can deliver, and our market is a hard one to crack so going to be easier for us to grow the business from here than for new companies to enter the market

In my opinion our market cap will take care of itself soon enough. One thing investors will be looking at closely in the next quarterlies is how companies are holding up financially. I would rather be invested in companies who are cash flow positive with no debt and heaps of potential trading on a low P/E where there is plenty of upside than on a sinking ship that needs to raise capital to stay a float

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"The sell side up to 2.9cents has actually increased from approx 25million shares this morning to 28million shares"

IMO, because this stock is heavily manipulated so some of those bid might be fake.

Originally posted by YumYumHippo: ↑

lol i didnt throw anything at anything, i got in at 2c and ive been very successful the last two years and im all for educated, civil debates. Im happy to hear genuine arguments but you, lollies and whoever the other person was dont come in with that, you come with the same repeated rhetoric which has been proven numerous times to be wrong and slinging abuse left right and centre, its funny you trying to call me out for name calling when the only reason i respond with such a blunt f* off attitude is because you threw out name calling and abusive comments from the moment you came in the forum.

i partially agree with your point on only having one customer, yes they only have one contracted customer installing their tech right now but they actually have a potential customer in every single newly sold GM car sold in the last two years and every GM car yard in America due to the subscription model.

As for your comments about the director dropping shares for insidious reasons that you were making a week ago, all it takes is reading the announcements instead of the titles of the announcements to see he had to sell them due to his departure from lucerne.

Dont be a dickhead and i wont call you out, come into the forum with healthy respectful debate and i will give you the time of day every single time, come in and call people stupid and foolish for absolutely no other reason than down ramping and your own twisted enjoyment, then you can bugger off.

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No worries, i am holding for a while so not going anywhere soon (unless an emergency happens).

CXZ Price at posting: 2.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 3.0¢		Change 0.000(0.00%)		Mkt cap ! $26.30M

Open	High	Low	Value	Volume
3.0¢	3.0¢	2.9¢	$9.706K	332.9K

Buyers (Bids)

No.	Vol.	Price($)
2	326847	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	1762205	6

View Market Depth

No.	Vol.	Price($)
2	326847	0.029
5	1969425	0.028
10	4038722	0.027
4	3136538	0.026
2	280000	0.025

Price($)	Vol.	No.
0.030	1762205	6
0.031	96088	1
0.032	266930	2
0.033	490259	2
0.034	29440	1

Last trade - 15.37pm 23/08/2024 (20 minute delay)

CXZ (ASX) Chart

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