ERD - ERoad. (Transport sector technology)

[X-men]

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

[Rawz]

Wonder if the Goldman sachs review for a partner in the US will lead to a takeover of ERD given its trading for cents on the dollar?

Post this end of may...... what a legend lol jks

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

[haewai]

really puzzle me why ERD SP is so low

Because it's loss making and not growing

[winner69]

Exciting day for you rawz et al …..rawz did mention $1.46 in one of his posts …and that was on current revenues

[X-men]

No growth ...? Next revenue around $180m forecast

[haewai]

No growth ...? Next revenue around $180m forecast

That 5-8% revenue growth is comparable to the rate of inflation.

[Rawz]

That 5-8% revenue growth is comparable to the rate of inflation.

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

[blackcap]

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?

[percy]

Well done holders..

[BlackPeter]

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