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Motio Ltd ASX:MXO

0 opened or increased3 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 3 managers in total.

Position history by manager 3 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

31 Mar 2025 to today

Commentary Showing 2 of 15

DateManagerActionSummary

30 Sep 2026DMX Asset ManagementHeldDMX Asset Management continues to hold Motio (ASX:MXO) after the company's directors recommended an all-cash 6c takeover bid. DMX notes Motio, an out-of-home digital advertising business, reported a strong FY26 result of around $2.5m cash EBITDA, with its health roll-out expected to underpin double-digit revenue growth into FY27 and its broker forecasting $3.3m FY27 cash EBITDA. Given this business momentum, DMX was surprised by both the timing and pricing of the bid. DMX believes the offer, equating to about 5x FY27 cash EBITDA, implies no premium for control and materially undervalues the company.

Monthly Report, price recorded $0.06

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31 Aug 2026Merewether CapitalHeldMerewether Capital continues to hold Motio because FY26 margin expansion has set up the digital screen business for renewed growth. Revenue of $9.2 million rose 8% and operating profit 31%, delivering net profit of $1.2 million, as the year focused on consolidation. With a scalable platform in place, Motio is rolling out more digital screens across its Health and Drive segments. Booked revenue is up 28% entering FY27 and gross margins are approaching 80%. With a $16 million market cap, a quarter held in cash, Merewether notes the stock trades on about 13 times earnings despite strong expected growth.

Margin ExpansionMonthly Report, price recorded $0.06

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13 more comments on MXOPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 3 managers first commented on MXO.

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Articles

About Motio Ltd

Communication Services, Media

Motio (ASX:MXO), a digital out-of-home advertising company, has been backed by small-cap managers as profitability improves. In August 2026, DMX Asset Management reported FY26 profit before tax of $1.6 million, a $1.7 million improvement, and strong momentum into FY27. Merewether Capital noted revenue of $9.2 million and profit of $1.2 million, describing FY26 as a year of consolidation focused on margin expansion, with 8% revenue growth driving 31% operating profit growth. DMX added to its position after a positive trading update. Motio operates in the Communication Services sector within the Media industry, and Thesis Tracker has captured 13 comments from 3 fund managers, including DMX Asset Management and Merewether Capital. Founded in 2010 by Steve Wildisen and headquartered in Sydney, Motio operates digital advertising screens in medical centres, sports venues and other high-dwell locations across Australia, selling targeted advertising to national brands.

Market cap: $19m
Price to earnings: Loss-making
Return on equity: 0.0%
Dividend yield: 0.0%
Price to book: 0.00x
Net margin: 0.0%
52-week range: $0.04 to $0.06

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Motio Ltd (ASX:MXO)?

Fund managers including Mereweather Capital, Merewether Capital and DMX Asset Management have invested in Motio Ltd (ASX:MXO).

What opportunities or catalysts do fund managers highlight for Motio Ltd?

DMX and Merewether highlight improving profitability, record revenue months, cash EBITDA growth of around 24% and a capital-light model that converts most earnings into cash, positioning Motio for growth in FY27.

What are the key risks to the Motio Ltd investment thesis, according to fund managers?

The available commentary is positive and does not set out specific risks, though Motio is a small business exposed to advertising market cycles.

What does Motio Ltd (ASX:MXO) do?

Motio Ltd. is a Sydney-based digital outdoor media advertising company founded by Steve Wildisen in 2010. The firm operates through two primary segments: Media and Non-Media. Its Media segment focuses on advertisement sales across a diverse product portfolio, including MotioCafe, MotioVenue, MotioHealth, MotioPlay, and Spawtz. The Non-Media segment provides software, payment processing, and supply-related services. Motio Ltd. leverages its digital infrastructure to connect brands with targeted audiences in various environments.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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