Australia's largest stock trading and investment forum Australia's #1 stock forum

ACX

0.00%

$7.79 aconex limited

Not in a rush, page-2

First 2 Last

Share
Profile

Follow
resourceboom

872 Posts.

14

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

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

PAM

PAM secures high-grade Chilean copper play in strong territory

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

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

PAM secures high-grade Chilean copper play in strong territory

Featured News