Been in my watch list....managed to get small holding...been reading all the announcement last week... really puzzle me why ERD SP is so low ... considering the company made around $175m
Printable View
Been in my watch list....managed to get small holding...been reading all the announcement last week... really puzzle me why ERD SP is so low ... considering the company made around $175m
Post this end of may...... what a legend lol jks :cool:
https://www.nzx.com/announcements/413472
Between 30 May 2023 and 16 June 2023 Brillian acquired 4,030,653 EROAD shares on market on the NZX and ASX for an aggregate consideration of NZ$2,897,081.37. In addition, on 21 June 2023 Brillian acquired a further 15,994,438 EROAD shares on market for an aggregate consideration of NZ$20,792,769.40 (with settlement to occur on 26 June 2023).
this equates to $1.30 per share as mentioned above
Exciting day for you rawz et al …..rawz did mention $1.46 in one of his posts …and that was on current revenues
No growth ...? Next revenue around $180m forecast
one mans garbage is another man's treasure... when a company trades at half its revenue its a tasty acquisition for some big random chinese company.... and when Goldman sachs was tapped it greatly boosted the chances of a takeover. As you have a cheap company and someone look for a fat fee.
disc. im highly likely going to sell the lot today and redeploy the funds to another super cheap stock
I had a look at this company and thought they were a good price at 80 cents. Never bought any though. However, what was this company ever doing at $6.60 not that long ago?
Well done holders..
deleted ...