Not in a rush, page-2

First 2 Last

Share
Profile

Follow
resourceboom

871 Posts.

13

18/12/17

10:54

Post #: 29701850
Share

Atlassian would be a good suitor too in the collaboration SaaS business.

They have a very large market cap and quite acquisitive!

Originally posted by mo72 ↑

Morning all!!

A very interesting Christmas present to all of us who have been holding this for a long time! The timing is what interests me - Oracle have made a very clever play for ACX leading in to the holiday period in the hope that they at least get a jump on their competitors.

A 1% break fee if they do not get ACX is a rounding error but will cover their bid costs if they get out-bid by one of the other big boys. Will be fascinating to see where this trades at 11am as there is a good chance it will be above the $7.80 - why - because this is an absolute bargain for Oracle and because, I hope, their competitors will see that. I don't blame management at all. They have locked in a base price at a 47% premium in a market where the analysts have never understood the value of ACX and there was a good chance they never would. Also, if they knocked this back convincingly there is also a good chance Oracle would have had a crack at Procore and, if they bought that, then ACX would have been up against a competitor with a development budget in the billions.

There is only one chance to dominate this market without spending a ludicrous amount of money to try and replicate what ACX has - I hope others recognise this and a bidding war takes this past its previous high so those few who bought in the $8's and are still holding get a profit too. The best price is always at an auction and Oracle are currently playing the part of the buyer's advocate with an attempt at a knock-out bid! I just hope 2-3 others decide to put their Christmas plans on hold and get stuck in!

Good luck to all!
MO

As always, DYOR!!

Expand

ACX Price at posting: $5.29 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Climate change to drive market trends to the moon

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

There are more pages in this discussion • 39 more messages in this thread...

First 2 Last

Add ACX (ASX) to my watchlist

Not in a rush, page-2

Top Stories

Climate change to drive market trends to the moon

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

KGL sniffs 19% Cu from drilling at Rockface play in NT

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Featured News