Abaxx TechnologiesABXX-NEBUYSep 03, 2025Stock price when the opinion was issued
High risk, not very liquid, choppy. Probably won't be EPS-positive until 2028 or 2029. The street is slowly starting to figure out the story. Very talented people involved. For non-registered accounts. Try to get it at a lower level.
If you're a skilled trader, you can rebalance on highs and lows but that's a tough game. Most investors will be best served by owning a bit and holding for a few years.
Stock's rocketed up in last 7-9 months. It's been a multi-year journey, and the company finally hit that inflection point. Unique commodities trading and settlement platform -- volumes being traded have really started to accelerate. Second part of the business is to digitize settlement and ownership of contracts -- result is an almost-instantaneous settlement between buyer and seller.
Shareholder list is a "Who's Who", such as the "Fidelity" family out of Boston.
Brand-new commodity exchange and clearinghouse. For example, natural gas, wind power and gold. Starting to see strong adoption in both volumes and new clients. Revolutionary technology will shorten settlement execution time.
Stock pulled back recently. Only reason he can identify is that a large shareholder reduced position size (but still owns a lot).
An exchange in Singapore for commodities. No real earnings yet, very speculative. Met with management a couple of years ago, very impressed. Rumours of TSX inclusion, didn't happen, stock's pulled back.
Please don't put this in your RRSP. If you don't mind having a loss in a non-registered account if it doesn't work out, a good stock to place a bet on. $47 is a good place to add. Be aware that these moon shots don't always pan out.
Built a commodities and futures exchange in an area that no one else has contract on -- LNG and carbon credits. Investors include some big names in finance. Rolled out in the summer, and volume continues to increase. Also has blockchain technology that applies to stocks and real estate transactions. No dividend.
(Analysts’ price target is $34.50)Went to a roadshow, and was super-impressed with management and its vision. Lots of big investors behind it. Seems to be the real thing so far. But it's speculative when you have no earnings. Stock's caught a bid and has flown up to $30. He owns a little bit for suitable clients. Thinks it has further to go. Thinly traded.
ABXX trades on the NEO exchange, and our database supplier does not yet provide financial data or prices for the NEO exchange.
ABXX is an $800M market cap Canadian fintech name, which primarily operates the Abaxx Commodity Exchange and Clearinghouse in Singapore. Its revenue base is still small, and it operates at a loss, issuing shares to fund its operations, but it has some tailwinds from its exposure to the growing energy transition sector. Momentum has been great, but we would be cautious here given the small sales base, and dilution. We would like to see it grow its sales base.
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