CXZ 3.45% 2.8¢ connexion mobility ltd

It appears that CXZ has secured their preferred candidate for VP...

  1. 3,387 Posts.
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    It appears that CXZ has secured their preferred candidate for VP of Sales - someone who is intimately familiar with not only the telematics landscape but also GM. I'm grateful that I continue to have the opportunity to pick up shares on market, which value the company at an enterprise value of merely $10 million.

    • CF+.
    • No debt.
    • Growth runway.
    • New incentive aligned management.
    • Recurring revenue.
    • SaaS model.

    This company will be worth $30+ million before long IMO. I'm not complaining though -- I'm happy to continue to soak up any weak hands dropping shares at this level. The new register will eventually be aligned with Aaryn's growth strategy and will be more inclined to hold tight as he executes on it over the next 12+ months.

    It doesn't make sense to me to sell once the new chapter of this story kicks off once GM is renewed, even if the share price spikes back to 2-3 cents, upon which I will be in significant profit. The bigger opportunity is to see this story play out with Aaryn's ecosystem strategy and the signing of non-GM OEMs. All it will take is one or two institutions to see the same and any substantial volume will see CXZ move up to 3-4 cent levels. 4c is a market cap of $35 million.


    https://hotcopper.com.au/data/attachments/3015/3015471-42c0d78121a229d4bcf90be020ddabbe.jpg
 
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Last
2.8¢
Change
-0.001(3.45%)
Mkt cap ! $24.45M
Open High Low Value Volume
2.8¢ 2.8¢ 2.8¢ $23.87K 852.6K

Buyers (Bids)

No. Vol. Price($)
1 16071 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 1173618 5
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Last trade - 14.11pm 30/08/2024 (20 minute delay) ?
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