CXZ 3.70% 2.8¢ connexion mobility ltd

If you think its being held down then wouldn't it be a good time...

  1. 1,531 Posts.
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    If you think its being held down then wouldn't it be a good time to top up if you want more?

    The capital structure is an overhang and without some epic and unexpected news I don't see the SP moving until the piggyback period passes as then we'll know if the company gets a working capital top up via the options or otherwise via a capital raising. Once this is sorted and the company continues to execute I think the SP will move to better reflect prospects as the market tends to overpay for "certainty". Not that anything in smalls caps is.

    I've used this to build a modest position in my portfolio but until the overhang is sorted and the hits a few more milestones, I will refine from deciding on making it a high conviction position. I'm sure many others are thinking the same.
 
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