Yes, I saw some more decent volume going through yesterday, thank you for identifying who it is, appreciated.
It has to be a good sign…maybe they know something we don’t,
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I'm going to say "You're welcome" in advance for the big uptick. I decided to sell half my position at these recent highs to fund some woodworking machinery so expect some kind of material announcement now that I have done this...
https://www.nzx.com/announcements/433430
Fleet management and transport technology software company EROAD (NZX: ERD, ASX: ERD) today provides a market update announcing the signing of its largest Australasian customer.
EROAD is unable to announce the name of the customer as per the terms of the agreement, however EROAD has secured a contract for a minimum of 5,000 units for the customer's Australian fleet, with an additional renewal for 6,000 units for their New Zealand fleet. EROAD anticipates further growth in the account over time. The term of the contract is for three years with an option for the customer to extend by a further two years.ENDS
The new contract in Australia is probably worth around $2.7m per year, so they will need several more of those to meet their FY25 growth guidance but its a good sign so far.
Those disclosure notices this morning look positive to? Linked to 24 incentive plan?
Killing it with the helpful slides :t_up: Looks like most of the cost cutting is coming from headcount so will be interesting to see where that leads.
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