Top member reports
No meetings
Consensus community valuation
The consensus valuation is for members only and has been removed from this chart. Click for membership options.
No value forecast available for this company
Contributing Members
Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.
#ASX Announcements
stale
Added 2 years ago

Privately owned Brennan was the eventual acquirer - now in the process of integrating MOQ into the existing business.

MOQ is to be delisted which is probably not a bad thing given the tainted past of losses. Interestingly Brennan is now looking at funding options including listing. Different story to tell I guess.

https://www.brennanit.com.au/resources/news-room/brennan-becomes-biggest-aussie-system-integrator/

Read More
#ASX Announcements
stale
Added 2 years ago

@barney

So let me get this straight,

There is now a bidding war?

Seems like there was an offer at $0.05 then one at $0.06 then one at $0.66 but the stock has traded at $0.07 today which is even higher than the takeover offer. Surely the hype is that this will keep going?

Read More
#ASX Announcements
stale
Added 2 years ago

Woah, seems I jumped the gun and the deal is not done yet.

Another higher bid on the table now.

Read More
#ASX Announcements
stale
Added 2 years ago

And it's done. MOQ has been acquired by serial acquirer Atturra (ASX:ATA). The deal was done at 5c per share, effectively valuing the transaction at only $15M.

This is likely a good result for suffering shareholders who have seen a 70+% decline in share price in the last year, and employees.

It was less than 3 years ago that current CEO Peter Ward company Wardy IT was acquired by MOQ for $7.5M.

Read More
#Business Model/Strategy
stale
Added 3 years ago

Following on from the previous two straws by CamSmedts34, there has been no improvement. Indeed, the FY20 loss has been followed with another in FY21 with accumulated losses now over 44M.

Cash holdings are less than 2M, although this will be/ has been improved by ~4M with the sales of non core asset Skoolbag. Receivables has also grown considerably to 12.5M, with 2.3M of that aged.

The annual report alludes to staff churn which has two resulting impacts. One in recruitment fees, and the second is market expectations for new hire salaries increasing. Neither help a business where staff costs are a significant proportion of expenditure.

What also concerns me is the dollars some of the management team are paying themselves. All received large increases in the last 12 months of between 20-45%. That and only one of them is on an incentive based salary, and that recipient is not the dude heading sales.

 

 

Read More