Dialogues On Investing

Learning | Investing (public & private) | Software & Serial Acquirers | NOT investment advice

[Dialogues On Investing @DialoguesInvest]

@CostaVerdeCap @CJ0pp3l Don’t agree/disagree, but why would you argue AI fears overblown?

[Dialogues On Investing @DialoguesInvest]

@AlfieJCarter Skills

[Dialogues On Investing @DialoguesInvest]

@TheRayMyers And bear in mind… Q1 is usually seasonally weakest

[Dialogues On Investing @DialoguesInvest]

@Kreuzmann13 @Possumliving20 I think we just found out…

[Dialogues On Investing @DialoguesInvest]

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

[Nobody. @Nobody_But_M3]

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.

[Dialogues On Investing @DialoguesInvest]

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.

[Dialogues On Investing @DialoguesInvest]

@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

[Dialogues On Investing @DialoguesInvest]

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!

[Isaac @ValueIsaac2002]

$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.

[Dialogues On Investing @DialoguesInvest]

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

[Dialogues On Investing @DialoguesInvest]

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

[Dialogues On Investing @DialoguesInvest]

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

[Dialogues On Investing @DialoguesInvest]

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.

[Dialogues On Investing @DialoguesInvest]

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.

[Dialogues On Investing @DialoguesInvest]

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 👇

[Dialogues On Investing @DialoguesInvest]

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

[Dialogues On Investing @DialoguesInvest]

@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

[Dialogues On Investing @DialoguesInvest]

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 👇

[Dialogues On Investing @DialoguesInvest]

@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