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
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
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
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?
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