One of my last posts on the terrible Share Trader site in Aug 2021 (before I was banned for no reason) was to advise I had just sold the last of my Plexure shares at around 62c. I had previously sold a heap at 119 and 114 the month before, after holding at a DCA of around 25c since October 2018 (When the first link to MacD was announced.) I did pretty well with gains of over 100%, but I never had a chance to explain why I decided to ditch Plexure.
Hidden in all the great news about the Plexure/Task merger around the week of my departure were a couple of concerns to me;
1.) Despite all the talk about 'synergies' between Task and Plexure's marketing services.....they mentioned that the Plexure systems were not able to 'talk' to the Task systems and we were told the two systems needed considerable work to allow full integration.
2.) the MacD contract renewal/expansion negotiations were still not resolved
With current PX1 SP below 20c I see no news that changes these concerns. Take care holders and wake me up when/if the news changes.
What an absolute job Phil did on us shareholders.....
"I've never been more confident about plexures future than now"
Shameful. Based on that a bunch of trusting shareholders believed the big customer was imminent.
I got burnt on Plexure, buying in on the synergies and better management that Task said they brought. Bought in around low 60's (probably bought LeftFields shares!) but saw the writing on the wall when it seemed obvious that the legacy issues from Plexure were too great to overcome. Sold out around 40c.
At under 20c I had one moment of madness thinking "could they recover?" but once bitten twice shy.
Crikey.... at last the McD's contract is confirmed (for 5 yrs)
https://www.nzx.com/announcements/396165
Even talk of profit.... should be good news for holders
Plexure is pleased to provide earnings guidance for the Group, reflecting the significant improvement in performance following the successful turnaround of the Plexure division in particular, as described in this announcement.
Plexure expects, for the year ending 31 March 2023, total revenue of circa NZD$56 million, compared with NZD$32.6 million reported in the previous financial year . EBITDA, adjusted for non-cash employee share charges of NZD$5.2 million, is expected to be a profit of NZD$3.7 million for the year. This compares to an adjusted EBITDA loss of NZD$13.1 million for the previous financial year.
Good stuff eh leftie
Guidance revenues circa $56m
That 'deserves' a share price circa $1
But sentiment around Plexure stinks so badly share price will probably never get that high
Suppose 30 cents this year will be a good outcome
Just a word of caution (especially given today's 74% increase in SP - bound to get a speeding ticket for that one!)
The announcement says "for net positive cashflow per annum, subject to operational performance.". I have highlighted the key point that doesn't get repeated, unlike the repetition elsewhere in the announcement.
Quote from: Minimoke on Aug 01, 2022, 12:20 PMJust a word of caution (especially given today's 74% increase in SP - bound to get a speeding ticket for that one!)
The announcement says "for net positive cashflow per annum, subject to operational performance.". I have highlighted the key point that doesn't get repeated, unlike the repetition elsewhere in the announcement.
Yep, have to worry when a company like PX1 keep harping on about 'net positive cashflow' and PEB keep repeating 'remains well capitalised'
Our Brad '"Watch this space is the next message and we'll be looking forward to coming back to the market in due course with what's next."
So watch this space
Sounds exciting
https://www.nbr.co.nz/investment/watch-this-space-plexure-shares-jump-on-mcdonalds-deal/
prob paywalled
Quote from: winner (n) on Aug 01, 2022, 04:14 PMOur Brad '"Watch this space is the next message and we'll be looking forward to coming back to the market in due course with what's next."
So watch this space
Sounds exciting
https://www.nbr.co.nz/investment/watch-this-space-plexure-shares-jump-on-mcdonalds-deal/
prob paywalled
Like Synlait. Make an announcement for a development that is literally years away with zero clue just who / what it is.
no real news in the article. Does seem the new management are much better and not mucking around in getting the company on track. Need to grow revenues by 20-30% for a couple of years and then might get back towards $1
The F23 guidance of $56m revenues is really good (F22 only $32m))
But not that good when only a year ago they were touting $45m to $47m for F22
Surely they wont be 'withdrawing this guidance' at some time
Quote from: Arbroath on Aug 01, 2022, 04:21 PMno real news in the article. Does seem the new management are much better and not mucking around in getting the company on track. Need to grow revenues by 20-30% for a couple of years and then might get back towards $1
I'm an ex holder of PLX (sold out at $0.69 and $0.39) and havent followed them closely for a while.
But my recollection is that PLX (Remember when they were PLX - before they changed to PX1 and we lost the ability to easily track their SP data) only managed to achieve sales/technology traction with McDonald's. That's was until with great celebration they nabbed small fry White Castle.
And then there was the reverse takeover by Task - who with all their management / sales / technology had over many. many years only managed to snare a few small fry Australian customers.
I'd be waiting to see what their "new management" can actually achieve before getting to excited about their future.
HUGE news included in PX1 announcement today
TASK must be fire - great results announcement coming up in November
GO TASK
EXTRACT:
The presentation notes that cash in bank at end of August 2022 was NZD$25.3m, up from $13.9m at end of March 2022, with negligible financial debt - reflecting the strong financial position of the Group
cash is king as they say...always hard to fake a decent increase in cash. What will be interesting is the potential performance in FY24 if they can properly breakeven in FY23 (i.e. npat not this adjusted ebitda crap).