Dialogues On Investing

@Kreuzmann13 @Possumliving20 I think we just found out…

@Possumliving20 I am not sure and was trying to figure out. I think former director might have sold, but when I talked to him, he said he still holds his shares (1.5 month ago) and did not sound as he would sell. I guess we will see soon.

And today it was 4% in 1 day. $CXZ.AX Good pace.

Interesting update from $CXZ.AX… will dig deeper to estimate the financial impact this could have

Potential catalyst soon for $CXZ ( $CXZ.ax ) Trades cheaply because of concentration risk (rightly so). But the GM contract is up for renewal by mid-2026 at the latest. Renewing this for another 5 years would remove that risk for some time. Unsure if any terms change around pricing etc.

Big buyback by Connexion $CXZ this evening/morning (depending where you are) - ca. 2.5% of outstanding shares. Awaiting results on Thursday and hopefully news on GM renewal soon... Not investment advice. Do your own due diligence.

@Kreuzmann13 @amibolaresearch 100% agree with the concentration risk, but assuming an extension I trust the management team will find smart ways to deploy capital - rare to see a CEO of this caliber in a business of this size

@amibolaresearch Yes, concentration risk 100%. Altough I am 90% sure they will get extension as there was info arbitrage. Questionable though whether it will come on similar terms as the contract before. Practically impossible to get new OEMs hence the diversificaion into Covertrue.

$CXZ.AX looks fire, s/o to @Kreuzmann13, this is the second find in one week. I'm outsourcing the screening phase so bad lol

Just saw a strong article on Connexion $CXZ written by @JustValue48 at the end of September - check it out! Good overview of the business, risks and opportunity!

$SUP.L - Acquisition of SlimFast UK & EU Unaudited (FY ending 31 Dec 2024): Revenues: £25.5 million Adjusted gross profit: £9.7 million Gross margin: ~38 % Total consideration: £20.1 million Includes £9.0 million of deferred consideration payable in 15 months.

@max_katzenstein Good post, but not sure Constellation have “keep the management” as a policy

Two very different approaches to management for serial acquirers.

Working on another write up right now that I can’t wait to share! New serial acquirer in the making with an outstanding team… Follow along and/or subscribe the newsletter to stay posted

What I’m Watching: 1. Dealer/OEM pilots blending CXZ software + Liberty Signs services 2. Covertrue revenue/earnings disclosure in CXZ reports 3. Whether the non-GM line keeps climbing Not advice—just one evolving setup I’ve been tracking. Full deep dive in bio

Not SaaS, but strategically adjacent: – Dealer & OEM fleets need consistent branding → ties directly into CXZ’s courtesy-car workflows – Potential distribution & channel overlap – Adds non-GM, AUD-denominated earnings Small stake, but optionality is real.

A few more thoughts on Connexion's $CXZ latest move: – Invested ~A$2.9m cash for a minority stake in Covertrue Group (parent of Liberty Signs) – CEO Aaryn will join the board Fully funded from existing cash. Proof the M&A strategy is moving from words to action.

Heads, I win. Tails, I don’t lose (much). I just released my first single-company write-up - link in the bio: Connexion Mobility ($CXZ.AX) — a tiny Aussie SaaS with one massive customer, a renewal cliff, but some intriguing optionality. Let me walk you through it 👇

For anyone else who has some free time this Sunday. Check out my write-up on Connexion Mobility - a micro-cap Australian SaaS with an outstanding team behind it. Link in bio and thanks again to @Kreuzmann13 for bringing the company to my attention. $CXZ

@Kreuzmann13 This is NOT investment advice and full disclosure, I am a shareholder in Connexion. I may choose to buy more and/or sell my shares at any time

@Kreuzmann13 Bonus Update: On Tuesday Connexion announced an investment (substantial majority stake) in Covertrue Group, the owner of leading Australian fleet branding business, Liberty Signs. This proves the company's ability to perform private market M&A