TSK - TASK Group Holdings

[MauroNZ]

I'm happy with the current SP at around .50c pending an update by the company.

This report (https://kodakmoats.wordpress.com/2019/04/16/plexure-group-plx-nz-equity/) puts a target SP at .90c. So you could argue there is upside potential from the current SP, with downside risk at the MacD's buy in level of 40c.

Only when I see the next company market update (now due 21 May) will I be able to estimate a future target SP.

Thank you very much for the link and the thoughts.

[sb9]

I'm happy with the current SP at around .50c pending an update by the company.

This report (https://kodakmoats.wordpress.com/2019/04/16/plexure-group-plx-nz-equity/) puts a target SP at .90c. So you could argue there is upside potential from the current SP, with downside risk at the MacD's buy in level of 40c.

Only when I see the next company market update (now due 21 May) will I be able to estimate a future target SP.

Looking forward to results tomorrow, not expecting anything material than what they've updated prior.

[winner69]

Looking forward to results tomorrow, not expecting anything material than what they've updated prior.

Pretty amazing though if not much new

110 million users is a lot of people

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/PLX/334792/300165.pdf

[minimoke]

..........

[Baa_Baa]

o Continued revenue growth of 44%, up $5.136m from FY18
o $7.25m of cash on hand at balance date, increasing to $12.7m immediately post balance date including proceeds from the investment by McDonald's
o Cash flow positive from operating activities for the second successive year

o 110 million users in 49 countries

Handy for those who can’t read an NZX announcement, but you forgot to mention the bottom line.

[minimoke]

..........

[Baa_Baa]

Why create another click when it can be read in thread?

o Continued revenue growth of 44%, up $5.136m from FY18
o $7.25m of cash on hand at balance date, increasing to $12.7m immediately post balance date including proceeds from the investment by McDonald's
o Cash flow positive from operating activities for the second successive year

o 110 million users in 49 countries

The Company's trading performance has improved dramatically: the net loss after tax reduced by 58% to $0.703m from FY18 but after removing the impact of the accounting treatment for the convertible note, the Company would have delivered a net profit after tax of $0.948m.

So only a $700k loss and some cheery statement about if only an unavoidable accounting treatment hadn’t had to happen.

[Lola]

so only a $700k loss and some cheery statement about if only an unavoidable accounting treatment hadn’t had to happen.

re-enter bed and start again.
This result confirms another winner from nz tech. Ignore the accounting treatment of the convertibles that led to a "loss". Completdley, absoludely irrelevant.

[minimoke]

..........

[mikeybycrikey]

So only a $700k loss and some cheery statement about if only an unavoidable accounting treatment hadn’t had to happen.

I think the important point to me about adjusting for the convertible note isn’t that it turned a loss into a profit but that it provides a more useful comparison to past and future years.

I also don’t think that issuing the convertible note was a great idea, but I accept that the company might not even exist today if it hadn’t done so.

Otherwise pretty much in line with what the company had signalled but always good to see expectations confirmed.

[Leftfield]

....This result confirms another winner from nz tech. Ignore the accounting treatment of the convertibles that led to a "loss". Completdley, absoludely irrelevant.

Cash flow positive, cash in the bank, profitable, and huge international market acceptance, 44% revenue growth. All very positive, however, I would have liked more information on FY20 plans/forecasts.

Happy to hold. Huge potential IMHO.

[whatsup]

Good interest today after the todays ann, can it be kept up ?

[whatsup]

Good interest today after the todays ann, can it be kept up ?

[whatsup]

After absorbing the todays results I went back and read the early 2015 + company anns which I find most enlightening to get a handle of where we are headed, now that the building blocks are in place I think we are in for a very exciting and interesting future, this is reflected in todays current .60 share price an all time consolidated share price high, I can see this share with $1.00 in it sometime in the future.

[winner69]

After absorbing the todays results I went back and read the early 2015 + company anns which I find most enlightening to get a handle of where we are headed, now that the building blocks are in place I think we are in for a very exciting and interesting future, this is reflected in todays current .60 share price an all time consolidated share price high, I can see this share with $1.00 in it sometime in the future.

$1.xx sooner than later I reckon

[MauroNZ]

$1.xx sooner than later I reckon

Would you mind sharing your thoughts please?

[winner69]

Would you mind sharing your thoughts please?

Basically along the lines of what whatsup posted

The hard work has been done over the last few years and they now have decent momentum going forward

I think the infamous VMob road map predicted this outcome

[King1212]

Another great kiwi tech company...love it..just like pushpay..xero....

[pg0220]

I think their strength now is in cash of $12m on hand, cashflow positive and that the risk of losing their biggest customer is now safely gone. The future is how they can utilise cash to accelerate growth.

[minimoke]

..........

[winner69]

Like the mention of acquisitions

Always a good sign


http://www.sharechat.co.nz/article/64e81460/cashed-up-plexure-eyes-acquisitions-to-accelerate-growth-as-loss-shrinks.html?utm_medium=email&utm_campaign=Cashed-up%20Plexure%20eyes%20acquisitions%20to%20accelera te%20growth%20as%20loss%20shrinks&utm_content=Cashed-up%20Plexure%20eyes%20acquisitions%20to%20accelera te%20growth%20as%20loss%20shrinks+CID_36db1b0ed8ae b76dfe6ba9228a1635fc&utm_source=Email%20marketing%20software&utm_term=httpwwwsharechatconzarticle64e81460cashed-up-plexure-eyes-acquisitions-to-accelerate-growth-as-loss-shrinkshtml

[whatsup]

Like the mention of acquisitions

Always a good sign


http://www.sharechat.co.nz/article/64e81460/cashed-up-plexure-eyes-acquisitions-to-accelerate-growth-as-loss-shrinks.html?utm_medium=email&utm_campaign=Cashed-up%20Plexure%20eyes%20acquisitions%20to%20accelera te%20growth%20as%20loss%20shrinks&utm_content=Cashed-up%20Plexure%20eyes%20acquisitions%20to%20accelera te%20growth%20as%20loss%20shrinks+CID_36db1b0ed8ae b76dfe6ba9228a1635fc&utm_source=Email%20marketing%20software&utm_term=httpwwwsharechatconzarticle64e81460cashed-up-plexure-eyes-acquisitions-to-accelerate-growth-as-loss-shrinkshtml

WOW, That says it in a nut shell, Im now waiting for a rerating for this stock and the insto to climb on board, hold on tight.

[winner69]

WOW, That says it in a nut shell, Im now waiting for a rerating for this stock and the insto to climb on board, hold on tight.


Yep, that $1.00 much sooner than later eh.

[Leftfield]

Yep, that $1.00 much sooner than later eh.

Added some more to my collection this morning. At the current 60c I have a 40% moat, so v happy.

[whatsup]

[QUOTE=Balance;757113]I have always made my view very clear - PLX is a Backdoor job and I do not invest in backdoors.

Up to you and all the shareholders what you want to do! DYOR and I do wish you good luck - sincerely.

Last time sp hit 55c (Dec 2015/Jan 2016) :

• ACMR forecast to exceed $10m in next six to nine months.
• US presence expanded and relationship with Microsoft deepened.

Bal, Todays ann seems by the figures to be O K, do you still hold your views ?

[Leftfield]

Yep, that $1.00 much sooner than later eh.

Happy with today's 14.8% gain to 62c. Reckon it may rise a tab more tomorrow, but likely to stay in the 60's until the next update. Winner's $1.00 may need more favourable news IMHO.

Just my thoughts (and happy to be proved wrong on the upside)... as usual DYOR and take responsibility for your own decisions.

[pg0220]

They mentioned in the report that they were actively looking for a new customer in US and confident that they would secure one in the first half of FY20. 4 more months to go till the end of first half.....

[winner69]

Happy with today's 14.8% gain to 62c. Reckon it may rise a tab more tomorrow, but likely to stay in the 60's until the next update. Winner's $1.00 may need more favourable news IMHO.

Just my thoughts (and happy to be proved wrong on the upside)... as usual DYOR and take responsibility for your own decisions.

Not many last October expected the share price to quadruple

That $1.xx sooner than later

[winner69]

[QUOTE=Balance;757113]I have always made my view very clear - PLX is a Backdoor job and I do not invest in backdoors.

Up to you and all the shareholders what you want to do! DYOR and I do wish you good luck - sincerely.

Last time sp hit 55c (Dec 2015/Jan 2016) :

• ACMR forecast to exceed $10m in next six to nine months.
• US presence expanded and relationship with Microsoft deepened.

Bal, Todays ann seems by the figures to be O K, do you still hold your views ?

Balances endorsement of PLX is that he didn’t include it as one of his picks in the competition

He achieving his aim of coming last in that

[Brain]

Avoiding back door jobs in general would be good advice and of course there will always be exceptions. My feeling is that avoiding IPOs in general is probably good advice as well. The trick is to
Keep an open mind and invest when the game has changed.

[Lola]

Avoiding back door jobs in general would be good advice and of course there will always be exceptions. My feeling is that avoiding IPOs in general is probably good advice as well. The trick is to
Keep an open mind and invest when the game has changed.

This is quite the most sensible piece of investment advice ever posted here. Well done. Another one is value is where you find it.

[whatsup]

WOW, That says it in a nut shell, Im now waiting for a rerating for this stock and the insto to climb on board, hold on tight.

On the move again although small .04 to .65 someone likes Tuesdays results and with the McDonalds anchor this should give meaning to the future imo.

[MauroNZ]

Now is 0.66, looking for new high?

[winner69]

Now is 0.66, looking for new high?

Be lots of new highs over the next month or so I reckon

[minimoke]

..........

[winner69]

Best be quick $0.69 now

Hope punters don’t miss out ...as you say mate it’s getting more expensive by the day (was going to say be the hour :t_up:)

[whatsup]

After absorbing the todays results I went back and read the early 2015 + company anns which I find most enlightening to get a handle of where we are headed, now that the building blocks are in place I think we are in for a very exciting and interesting future, this is reflected in todays current .60 share price an all time consolidated share price high, I can see this share with $1.00 in it sometime in the future.

inching slowly but surely towards the $1.00 mark I predict will happen.

[MauroNZ]

Unsure if I should hit the buy button...

[minimoke]

Unsure if I should hit the buy button.............

[MauroNZ]

We cant make that decision for you. Other than to say its now $0.71

Thanks and I know that. Just I haven't spent much time reading about it and at the same time I don't want to miss the boat.

[sb9]

inching slowly but surely towards the $1.00 mark I predict will happen.

Surely, seem to be heading that way. 0.74c now, mind you not on big volume though. Looks like someone is keen.

[minimoke]

Thanks and I know that. Just I haven't spent much time reading about it and at the same time I don't want to miss the boat...........

[whatsup]

Unsure if I should hit the buy button...

15%= up today with more to come imo.

[Oliver Mander]

Investor preso online.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/PLX/335018/300472.pdf

Love the "Customers - Coming Soon" slide :-)!!

[winner69]

15%= up today with more to come imo.

we did say a buck sooner than later ...didn't we

[Leftfield]

15%= up today with more to come imo.

Lovely day! Crikey my protective 'moat' now over 70% above my av holding cost. Been a good week. Happy to sit on the side lines for now.

Feel for MauroNZ, and remember the days when XRO was around $5.00 and I thought that was too risky! Big learning curve what ever you decide. DYOR and take responsibility for your own decisions.

[minimoke]

..........

[bull....]

lucky folks you lot who own this top performer

[TideMan]

lucky folks you lot who own this top performer

Yes, but we've had a pretty rocky ride from 36c when they changed the name (Jul 2016) down to 10c in 2017, and even in Feb 2019 it was only 32c.

[pg0220]

Yes, but we've had a pretty rocky ride from 36c when they changed the name (Jul 2016) down to 10c in 2017, and even in Feb 2019 it was only 32c.
True, until the mid last year, I was having a paper loss of half the cost, I actually also placed a sell order then to realise loss, but then this thing called price discovery delayed the order and made me think again and decide to hold. That has been such a roller coaster for me but glad that I somehow managed to hold belief until now.

[winner69]

Do any of you old timers remember Scott’s VMob Road Map presentation

A few years ago but it implied great success was coming ..maybe just taken a little longer than some thought

[pg0220]

Do any of you old timers remember Scott’s VMob Road Map presentation

A few years ago but it implied great success was coming ..maybe just taken a little longer than some thought
Yeah, but it is the current CEO who put the business back into going concern. PLX came under my radar only when Scott resigned from mgmt.

[Lola]

Do any of you old timers remember Scott’s VMob Road Map presentation

A few years ago but it implied great success was coming ..maybe just taken a little longer than some thought

Yep I do remember his presentations and he will be feeling very justified and so he should. Im surprised theres been very little comments coming forth in the last couple of days considering the impressive re rating on Friday. Is it all just breathlessness or is it all too good to be true? In this case I think there must be some gasping for air, but this one is true.

[King1212]

Going so high..30% since the result..wonder it is time to.lock in profit?

[sb9]

Going so high..30% since the result..wonder it is time to.lock in profit?

Seem as though someone is very keen, very bullish trading depth currently.

[Nigelk]

Going so high..30% since the result..wonder it is time to.lock in profit?

Agree
Just sold some of mine at .82.
Bought in at .26 in November, so it's been a great ride.
I think $114M market cap is getting ahead of performance.
There were no surprises in the latest result, so amazed SP has gone up so much since.

[Brain]

Sure hard to pick the time to sell. I can remember selling out of ATM for $2 based on a similar sort of rational. Now trading at 88

[MauroNZ]

You'll never miss the boat. Just depends if you want to be in Captains Quarters or down in Cattle class. (I've got my Mates holding sorted)

haha I love the analogy.

[pg0220]

Agree
Just sold some of mine at .82.
Bought in at .26 in November, so it's been a great ride.
I think $114M market cap is getting ahead of performance.
There were no surprises in the latest result, so amazed SP has gone up so much since.
There were no surprises in the latest results except there are a few customers coming soon.

[minimoke]

Sure hard to pick the time to sell. I can remember selling out of ATM for $2 based on a similar sort of rational. Now trading at 88..........

[MauroNZ]

Lovely day! Crikey my protective 'moat' now over 70% above my av holding cost. Been a good week. Happy to sit on the side lines for now.

Feel for MauroNZ, and remember the days when XRO was around $5.00 and I thought that was too risky! Big learning curve what ever you decide. DYOR and take responsibility for your own decisions.

Well you is that kind of situation when you start learning about a company and the runs goes faster that what you can learn so the options at the moment is a bit jump of faith or wait to learn a bit more and see what happens.

I understand this is a growing company which isn't yet earning money but from last report it seems closer so maybe next report will show some positive numbers. I guess another chance of keep practicing patience.

[Leftfield]

Well you is that kind of situation when you start learning about a company and the runs goes faster that what you can learn so the options at the moment is a bit jump of faith or wait to learn a bit more and see what happens.

I understand this is a growing company which isn't yet earning money but from last report it seems closer so maybe next report will show some positive numbers. I guess another chance of keep practicing patience.

A learning curve for all of us. I was a bit conservative with my expectations thinking PLX would sit in the 60c range for a while longer (till the next update.) Nice to be proven wrong as it rocked ahead on last friday's 'investor presentation', however I can't help thinking at current prices (88c) the SP is getting a tab ahead of itself. You may get a buying opportunity if the SP falls back.

My strategy is to sit back and enjoy the gains.

[whatsup]

Agree
Just sold some of mine at .82.
Bought in at .26 in November, so it's been a great ride.
I think $114M market cap is getting ahead of performance.
There were no surprises in the latest result, so amazed SP has gone up so much since.

Ni, well done you can never go broke taking a profit !

[777]

I think it was one of the Rothchild's, when asked why he had made so much money, replied that he had sold too early.

[King1212]

Wow the market is so greed....PE do eat apply anymore...such VGL had 78PE and valued almost 1b..as well as PLX....I am confused

[Food4Thought]

I think it was one of the Rothchild's, when asked why he had made so much money, replied that he had sold too early.



I'm seeing it as a brand and having potential like XERO. It's cheap for someone to buy out. Making a product that is user friendly and in demand. Digital products have this incredible potential to spread like wild fire... on a global scale

Bought a small parcel July last year on incredible potential for the future. Wish I bought more...

Happy holder

[Lola]

I'm seeing it as a brand and having potential like XERO. It's cheap for someone to buy out. Making a product that is user friendly and in demand. Digital products have this incredible potential to spread like wild fire... on a global scale

Bought a small parcel July last year on incredible potential for the future. Wish I bought more...

Happy holder

First time anyone has mentioned XRO and PLX in the same breath. Theres a connection actually. PLX chairman , Norman (and I dont mean Harvey) , was first Chairman of XRO. I dont think Phil will give this one away so easily. Well done that man.

[Nigelk]

Pinot Noir curve at play.
Lots of discussion over Pinot on the weekend about PLX being the next hot share.
People buy on Monday - price goes up.
Demand drops and profit takers move in = SP drop on Tuesday

[Leftfield]

Pinot Noir curve at play.
Lots of discussion over Pinot on the weekend about PLX being the next hot share.
People buy on Monday - price goes up.
Demand drops and profit takers move in = SP drop on Tuesday

There's heaps of time to climb on this train. Today's prices are just part of the ebb and flow of a very early stage company.

The real question is, where do you see PLX in (say) 2 yrs?

[Lola]

There's heaps of time to climb on this train. Today's prices are just part of the ebb and flow of a very early stage company.

The real question is, where do you see PLX in (say) 2 yrs?

Hey , not THAT early stage. 100 million use the app. Rather a lot Id say. They are profitable and have loads of cash. Price is 2 years? A lot higher than today....if they are not taken out before then.

[Leftfield]

Hey , not THAT early stage. 100 million use the app. Rather a lot Id say. They are profitable and have loads of cash. Price is 2 years? A lot higher than today....if they are not taken out before then.

Early as in;

1.) First appeared on this site in 2012
2.) Only 'profitable' last year or so
3.) In my portfolio less than 12 months
4.) In TA terms the SP only began its upwards trend in late 2018

So, yes 'Early stage' IMHO. Just a baby.

My point is; 'Why sweat the day to day SP fluctuations - sit back and enjoy the ride.' The Trend is our friend.

[stealthmaster]

Keeps continuing to rise...

[Baa_Baa]

Early as in;

1.) First appeared on this site in 2012
2.) Only 'profitable' last year or so
3.) In my portfolio less than 12 months
4.) In TA terms the SP only began its upwards trend in late 2018

So, yes 'Early stage' IMHO. Just a baby.

My point is; 'Why sweat the day to day SP fluctuations - sit back and enjoy the ride.' The Trend is our friend.

Respectfully I'd dispute your #4, there's been a lot of $ made by trading the 'upwards trends', especially since 2014, albeit long time between drinks. Secret has been buying into the flatline bottoms and selling the exuberance on the latest announcement. True, the announcements have got better year after year, but lordy they're slow coming.

Personally I'm not that happy with McD's owning a decent share of the company, I reckon it's good for McD's locking in supplier and for PLX locking in a base revenue and a future bailout/exit possibility, but as one can see who has followed the company for a few years, there's been no new customers and the ones that PLX have mentioned a couple of years ago, there's been no sales performance results announced. Dig deeper, there's a story there, maybe a lesson or a warning. Interesting they almost 'promised' new sales, we'll have to wait and see, but PLX holders are used to waiting.

It's not a given imo that, as you might be suggesting, a long term upwards trend has finally settled into place, glth if it has. You may be right, then again, history may repeat leaving a lot of holders wondering wtf happened when it was looking so good. Look at a longer term chart, see the pattern? Has the pattern broken? Great if it has but would you want to be on the downside of the patterns that have repeated previously?

Pity that robbo24 is gone, the self anointed queen of VML/PLX traders who has been permanently banned, she would be amping about her buy in the teens and her exit in the 80's. She might be pizzed about the current SP being well above her previous sell price .62 that for years she crowed about, then again perhaps she's riding this pony all over again? Hope the kids are doing well robbo24 :)

Good luck to her, and to all of you. In the meantime this is still a traders stock imho, and traders will be rejoicing as they pocket their profits, for some this is a 4-5 bagger already in a couple of weeks. One thing that always fascinates is trying to answer the question "as I'm piling into something going near vertical, who is it selling to me and why are they selling?"

Again no disrespect intended. Genuinely hope it works out this time for the long termers and the recent entries. Be nimble though, history of the SP (not the company, just the SP) isn't on our side.

BAA

[SilverBack]

Respectfully I'd dispute your #4, there's been a lot of $ made by trading the 'upwards trends', especially since 2014, albeit long time between drinks. Secret has been buying into the flatline bottoms and selling the exuberance on the latest announcement. True, the announcements have got better year after year, but lordy they're slow coming.

Personally I'm not that happy with McD's owning a decent share of the company, I reckon it's good for McD's locking in supplier and for PLX locking in a base revenue and a future bailout/exit possibility, but as one can see who has followed the company for a few years, there's been no new customers and the ones that PLX have mentioned a couple of years ago, there's been no sales performance results announced. Dig deeper, there's a story there, maybe a lesson or a warning. Interesting they almost 'promised' new sales, we'll have to wait and see, but PLX holders are used to waiting.

It's not a given imo that, as you might be suggesting, a long term upwards trend has finally settled into place, glth if it has. You may be right, then again, history may repeat leaving a lot of holders wondering wtf happened when it was looking so good. Look at a longer term chart, see the pattern? Has the pattern broken? Great if it has but would you want to be on the downside of the patterns that have repeated previously?

Pity that robbo24 is gone, the self anointed queen of VML/PLX traders who has been permanently banned, she would be amping about her buy in the teens and her exit in the 80's. She might be pizzed about the current SP being well above her previous sell price .62 that for years she crowed about, then again perhaps she's riding this pony all over again? Hope the kids are doing well robbo24 :)

Good luck to her, and to all of you. In the meantime this is still a traders stock imho, and traders will be rejoicing as they pocket their profits, for some this is a 4-5 bagger already in a couple of weeks. One thing that always fascinates is trying to answer the question "as I'm piling into something going near vertical, who is it selling to me and why are they selling?"

Again no disrespect intended. Genuinely hope it works out this time for the long termers and the recent entries. Be nimble though, history of the SP (not the company, just the SP) isn't on our side.

BAA

I agree as to the narrowness of the customer base. Companion with that is the competition in what I perceive to be an international market with many offerings. McDonalds' interest is of course a game changer but that will only take PLX so far. I see no indication that PLX has established itself as a prime player in a niche market, unlike PPH. Unfortunately, I sold out just prior to the MCD announcement (no inside contacts obviously), even though I did so with a decent profit. My reason for selling was that of competition and customer base. I keep the stock on my watch list and I hope they keep succeeding - Go NZ!

[Leftfield]

Baa Baa and SilverBack,

I greatly appreciate your thoughts and I echo them. Here's what I said back in Post #2498.


I think we all acknowledge that PLX is a risky share (what share isn't to some degree?) PLX still has a lot to prove to the market.

PLX got a great boost with the McD buy-in at around 39c and this SP represents a 'base' which the SP has now moved ahead of. IMHO the risk remains until we get a firm update which gives us a firm indication of just what the McD investment means in terms of revenue and profitability for PLX.

With any 'risky' share my recommendations are;
- Place it on yr watch-list and receive emailed updates from the company directly into your in box
- Then buy in only on good news from the company (conversely if you already own some, be prepared to sell-down in the case of bad news)
- Be prepared average up or average down as the SP fluctuates and depending on your confidence on the company's longer term performance
- Try and keep your average holding SP at (say) a 30 to 40% discount below the current SP to give you some risk protection.

Disc. My PLX parcel buy-in prices have been; .21 (v risky based solely on improving profitability, new management and favourable TA) ; then 36.5 and 41.5c (on the day the McD deal was announced) and more recently at .52c. My current average holding SP is 39c which is approx 35% below today's SP.

So like many, I'm awaiting the next PLX market update with interest!

As always DYOR and always take sole responsibility for your own decisions.

In addition in Post #2563 I said, "I can't help thinking at current prices (.88c) the SP is getting a tab ahead of itself."

Sssooo yes I agree PLX is risky. That said, I recall the days when we were saying the same about ATM and XRO. At current SP around 80c I now have a 70% protective moat. I am not a trader, and do not intend to 'take profits' at this stage. I'm planning on sitting on this share for hopefully the long term and watching out for news about new client acquisitions, further roll out by McD and hopefully further profits. Time will tell.

Thanks again for your input. I think we need to listen to all voices on this site and I appreciate your concerns.

[Arthur]

It appears to be a bit of a one legged stool at this stage. Compare with Syft (unlisted) with multiple blue chip clients, a history of profitability and strong growth. Disclosure I own both

[Cobber]

It appears to be a bit of a one legged stool at this stage. Compare with Syft (unlisted) with multiple blue chip clients, a history of profitability and strong growth. Disclosure I own both

$12 million cash in the bank should help them grow another leg.

[Baa_Baa]

Couple of SPH notices goes some way to answer who’s been feeding the sell side. Must be happy with their gains, but still holding a few million each. No worries

[percy]

Funny you are the only one to comment,and you are not worried with them selling a few approx $842,000 worth between them.
A bit different from The Turners thread, where the usual suspects "Howled to The Moon" when Paul Byrnes sold 30,000 TRA shares for under $70,000 leaving him holding 3,414,860 shares.....lol.

[Baa_Baa]

Funny you are the only one to comment,and you are not worried with them selling a few approx $842,000 worth between them.
A bit different from The Turners thread, where the usual suspects "Howled to The Moon" when Paul Byrnes sold 30,000 TRA shares for under $70,000 leaving him holding 3,414,860 shares.....lol.

No worries Percy, they took some gains while the share price is way above its fair value, it has traded like this for years, all the best to them, either they're pretty savvy or well informed. This stock so far is quite predictable (albeit a bit boring given the long time between drinks) but it's better for traders than holders.

Firstly you'll see that the excited spikes in the share price give an excellent exit for long suffering holders, but the SP doesn't reduce to below the previous high, so presenting an accumulation opportunity for the savvy who sell the next spike.

Until it changes.

[Leftfield]

Funny you are the only one to comment,and you are not worried with them selling a few approx $842,000 worth between them.
A bit different from The Turners thread, where the usual suspects "Howled to The Moon" when Paul Byrnes sold 30,000 TRA shares for under $70,000 leaving him holding 3,414,860 shares.....lol.

Have a look at the SP trends of TRA cf PLX and you may see the real cause for anxiety over in the TRA thread. lol. (TRA in red)
10601

[sb9]

Decent volume going through this morning at 0.80c mark.

[Leftfield]

Decent volume going through this morning at 0.80c mark.

Although I hold and am v happy at .80c I would like more news before I get too enthusiastic. Perhaps that gap at .75c needs filling before we fly?

[Cobber]

Although I hold and am v happy at .80c I would like more news before I get too enthusiastic. Perhaps that gap at .75c needs filling before we fly?

I reckon we will have to wait for 6 monthly results before getting any news. This new management team doesn't have a habit of trying to regularly jolt the market with tidbits of good news. Which is a good thing.

[Leftfield]

I reckon we will have to wait for 6 monthly results before getting any news. This new management team doesn't have a habit of trying to regularly jolt the market with tidbits of good news. Which is a good thing.

Very likely.... unless there is news of the 'new client acquisition/contract' that was hinted at in their last presentation. I'm happy to be patient.

Always good to base ones buy/sell/hold decisions on firm news rather than speculation and hype made during in the quiet times.

[Cobber]

Very likely.... unless there is news of the 'new client acquisition/contract' that was hinted at in their last presentation. I'm happy to be patient.

Always good to base ones buy/sell/hold decisions on firm news rather than speculation and hype made during in the quiet times.

Nope.... I predict they won't even be released. I mean look what happened when they announced Ikea? It pumped the stock.... but that brand has slipped off the radar.

Expectations were heightened. The best way to avoid this is just play straight shots off the back foot every 6 month. Compile those runs over a long innings.

[pg0220]

Nope.... I predict they won't even be released. I mean look what happened when they announced Ikea? It pumped the stock.... but that brand has slipped off the radar.
Isn’t it a company’s obligation to let market know if there is any information that is material enough to affect their profit forecast? They might have not given updates because there should have been nothing surprising but I think new customers should be announced to market separately.

[minimoke]

..........

[stealthmaster]

its up again!

[minimoke]

its up again!
..........

[sb9]

Looks like its Bryan Johnson that's been feeding the sell side this week going by SPH notice filed.

Interesting to note his holding is now under 5% threshold and he's still got another 6mln odd shares under his disposal. Any more sales from him doesn't need to be reported to NZX. Will he continue to sell down or hold for a while.

My bet is he'll continue to sell down further.

https://www.nzx.com/announcements/336070

[Lola]

Looks like its Bryan Johnson that's been feeding the sell side this week going by SPH notice filed.

Interesting to note his holding is now under 5% threshold and he's still got another 6mln odd shares under his disposal. Any more sales from him doesn't need to be reported to NZX. Will he continue to sell down or hold for a while.

My bet is he'll continue to sell down further.

https://www.nzx.com/announcements/336070

So what?
The guy is a pro.
There is an old saying: “ Feed the quacking
ducks”
Thats what he’s doing . The aim is to increase spread and interest whilst still at an attractive price

[Leftfield]

So what? The guy is a pro. There is an old saying: “ Feed the quacking ducks”
Thats what he’s doing . The aim is to increase spread and interest whilst still at an attractive price

And for every seller there has been a willing buyer and prices holding firm.....let's hope a few more institutions are getting involved.

[Schrodinger]

How bout we all worry about how Maccas and IKEA do? More important than a holder cashing in to free up equity. If he needs to buy a house then maybe he just misses out on a multi bagger? Opportunity costs...

in in other words you should be researching the potential of PLX in USA etc and finding out what the future will hold.

[sb9]

So what?
The guy is a pro.
There is an old saying: “ Feed the quacking
ducks”
Thats what he’s doing . The aim is to increase spread and interest whilst still at an attractive price

I've no issues with that whatsoever, just laying out facts.

[stealthmaster]

up to 8.20

[sb9]

up to 8.20

That'll be nice, sure you meant 0.82c

[stealthmaster]

oops yes .82 haha

[stealthmaster]

Great news! continuing to grow - https://www.nzx.com/announcements/336791

[Leftfield]

Great news! continuing to grow - https://www.nzx.com/announcements/336791

Agree..... added a few more today.

[whatsup]

Great news! continuing to grow - https://www.nzx.com/announcements/336791

Might pass its ATH of .88 today but Im picking once good news of new sales come through we could see $1.00 !

[Food4Thought]

Might pass its ATH of .88 today but Im picking once good news of new sales come through we could see $1.00 !

The kind of company Gary Vee (@GaryVee) would probably like to work with and data mine. Could we go above $1.00 due to Gary Vee? Or someone similar dipping their toes in? Best I like where the potential is with these numbers of users

[stealthmaster]

Might pass its ATH of .88 today but Im picking once good news of new sales come through we could see $1.00 !

Looks like you are correct!

[Lola]

Looks like you are correct!

Even Stealthmasters posting of 25/6 might come to pass. Even XRO doesnt have 120 million using their app.

[Leftfield]

Even Stealthmasters posting of 25/6 might come to pass. Even XRO doesnt have 120 million using their app.

Not much depth on the sell side today...... interesting times.

[stealthmaster]

Up to 0.910!

[MauroNZ]

You distract yourself a bit and it goes up at a shinkansen speed.

[Leftfield]

I can just imagine PLX selling their new software to Mc D's, "..and do you want Analytics to go with your order?? " :p

[winner69]

Leftie or was it whatsup ...said a buck sooner than later eh

Maybe even next week

[Leftfield]

Leftie or was it whatsup ...said a buck sooner than later eh
Maybe even next week

Actually I think I said, I expected PLX to bounce around in the low 80c (and even had a cheeky BUY at 75c)... until there was more news or an update.
Well, we've had some news this week and I'm happy to take the gains and average up with a quick purchase at 83c on the morning the news was released. I like that PLX's new offering/service adds more value to their existing clients and will lead to greater new client/revenue possibilities.

However, I suspect we'll need more news e.g. a major new client acquisition or some encouraging financials for the SP to stay above $1... tho' happy to be proved wrong.

Either way I'm well positioned with friday's SP 80% above my av holding cost. Long term prospects are looking exciting, however, DYOR and take responsibility for your own decisions.

[whatsup]

On the road ( again ) today .93 and good demand atm .

[whatsup]

On the road ( again ) today .93 and good demand atm .

We could hit $1.00 today , up 10% !!

[RupertBear]

We could hit $1.00 today , up 10% !!

BOOM and up she goes! :t_up:

[whatsup]

Ive been calling PLX on share trader all of this year since .30, hope someones have climbed on board with this rare good call of mine, I personally do not expect the good news to stop but cannot say where we are headed, wouldn't be surprised if McDonalds make a T O for it !

[suse]

I'm liking the line "plans to accelerate international growth" in the media statement re Jack Mathews.

[stealthmaster]

up to 1.090

[RupertBear]

Ive been calling PLX on share trader all of this year since .30, hope someones have climbed on board with this rare good call of mine, I personally do not expect the good news to stop but cannot say where we are headed, wouldn't be surprised if McDonalds make a T O for it !

Yes you did whatsup so well done! I got on board at 0.30 and 0.50 so I am enjoying the ride as well :D

[sb9]

up to 1.090

Quickest 1.5x bagger for me, incredible really!

[whatsup]

Surely today's rise can't be as a result of appointing Mad Jack as a director...

Nig, Please explain yourself, the Christian name that you used could get you into trouble ?

[stealthmaster]

Pretty sure SP
Will stay over $1 or higher now, after latest news growth opportunities are huge. Still very undervalued company compared to rest of NZX

[Lola]

Pretty sure SP
Will stay over $1 or higher now, after latest news growth opportunities are huge. Still very undervalued company compared to rest of NZX
XRO 11 here we come....

[Food4Thought]

XRO 11 here we come....

I wondered about the idea if XRO would buy them...
This PLX was a good guess last year around July at 19c ;) didn't get a whole lot... but sure do like the mega increase since then...

[Leftfield]

Lola and Food4thought... Any comparison between PLX and XRO seems rather far fetched to my simple mind and I wonder if I've missed something? Would either of you would be willing to expand your theories??

[Lola]

Lola and Food4thought... Any comparison between PLX and XRO seems rather far fetched to my simple mind and I wonder if I've missed something? Would either of you would be willing to expand your theories??

Ok Xro mkt cap 70 billion 67 x the size of PLX.
never made a profit
plx mkt cap 140 million
profitable
go figure . Must rush now can’t keep ladies waiting
on the tee. But there’s more.

[Schrodinger]

Maccas announced a NZ expansion. Very good sign for a mature company.... Watching the USA with interest.

Just did a quick Google and found: https://www.news.com.au/lifestyle/food/eat/mcdonalds-offers-1-big-macs-for-one-day-only/news-story/f227c66994c963550d531238ed73c18b

Good way to build the loyalty database.....

[stealthmaster]

big gains today as well!

[whatsup]

Pretty sure SP
Will stay over $1 or higher now, after latest news growth opportunities are huge. Still very undervalued company compared to rest of NZX

Sm, trouble with a company in transition such as PLX its very hard to value it correctly, what ever numbers that are provided are meaningless very quickly in a fast growing roll out ( when that happens ) , imo any company briefing will be very closely scrutinised to see where it is taking us..

Imo its blind faith buying atm, Im not saying that is wrong its just the way it is until numbers are released by management.

[carrom74]

Ive been calling PLX on share trader all of this year since .30, hope someones have climbed on board with this rare good call of mine, I personally do not expect the good news to stop but cannot say where we are headed, wouldn't be surprised if McDonalds make a T O for it !

Should have bought way back... and congrats to all traders and you whatsup who got in at that price...

Just bought today...(a late entrant in all aspects)... at 1.08.

Hope this momentum sustains.

[Food4Thought]

Should have bought way back... and congrats to all traders and you whatsup who got in at that price...

Just bought today...(a late entrant in all aspects)... at 1.08.

Hope this momentum sustains.

IMO the momentum has a lot more potential. Cost to buy the whole company is small if you consider the company product and reach.

[Food4Thought]

Lola and Food4thought... Any comparison between PLX and XRO seems rather far fetched to my simple mind and I wonder if I've missed something? Would either of you would be willing to expand your theories??

Both are digital platforms (sell & distribute licences) PLX don't have the problem of shifting a physical product. Potential to grow and expand like other digital platforms. I:e: Microsoft, Facebook, MYOB, WhatsApp, Instagram, Android.

*Rapid growth. From the numbers... backed up by rapid consumer uptake of product.

*A highly desirable information provider, that is user friendly.

*Attention - they have dynamic & dominatingly large hard to comprehend sized businesses buying into the business and in favour of the product. (XRO won many contracts over MYOB and other suppliers of similar product due to their user friendly approach and incredible staff culture). (McDonald's doesn't simply go out and make public statements and put their money up to lock in rights and partial ownership if they don't believe the product is a competitive advantage).

*Branding. Both company's have an X in their stock ticker (it's not actually relevant)... yet they sure have the potential to x their market value.

*Management, strong mamagement and attracting other humans who want to be associated with winners who are achieving exceptional results.

*Technical and skilled workforce. Specialised product. Not easy to replicate and once consumers trust the brand and their products, exceptional for continued growth.


A buy in from a major liquor merchant would match well with PLX analytics. Other ideas thst pop to mind but are not limited ...Theme parks (Movie world, Disney World). Banks (HGH? Rabobank, those massive busisinesses). Airports (Customs, hospitality and retail) Petrol stations (BP customer value analysis). Retail shopping centres. City council's. Universities (what do people search and want). Utility suppliers. Sports brands. Product development firms. Coffee suppliers (Coffee Club, Starbucks, maybe Havanas in Wellington)... and those are nostly physical provisers of service or product. I am sure you all have various opinions and exposures to where you can see their product helping achieve goals and results. Keeping the customer happy.

Marketing research and development is often undervalued and pushed aside by many firms who end up falling behind. This company can provide that upper edge in analysis and reach. Competitive advantage. Ease of use.

XRO was worth a little for a long time... And in 10 years it has done a 65+ bagger. I see the similarity between both in the first 5 years and then... exponential uptrend.

Hopefully PLX stays on NZX but perhaps they will quickly shift to ASX... new exposure. Most Australians are probably not aware yet of the next pharlap. More Americans watch ASX...

Who wishes they were in XRO 10 years ago when it went from $1 to $5 in a very short period.

If they keep reaching the right buyers of their product and selling licences/user uptake...

Both are in the "Software and Services" category.

I'm On board and in for this ride. Not life threatening if it doesn't work... yet could be life changing in many ways.

Don't wish you were on board from the early days... like with XRO

[sb9]

Maccas announced a NZ expansion. Very good sign for a mature company.... Watching the USA with interest.

Just did a quick Google and found: https://www.news.com.au/lifestyle/food/eat/mcdonalds-offers-1-big-macs-for-one-day-only/news-story/f227c66994c963550d531238ed73c18b

Good way to build the loyalty database.....

Link to the article about Maccas spending $100m for expansion across the nation.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12245379

Its a premium/pay walled article, but you can read little bits and pieces. Read the full article in print version and they're looking add another 22 stores across NZ where customers are currently not serviced.

Looks very promising.

[Leftfield]

Thanks Lola and Food4Thought for sharing your XRO/PLX thoughts. I recall missing out on the early stages of XRO and vowing that I would "make sure not to miss the next XRO".

I'm pleased to say I caught the ATM wave from back in the 50c days (now freeholded in my portfolio.) and if you read back on this forum you'll find I was an early investor in PLX (from 19.5c) and it is great to now have my enthusiasm for PLX shared by others.

Thanks sb9 for posting the news of MacD's expansion in NZ. Very exciting!!

Crikey, PLX might indeed be the next XRO!!! (That said I would like to see a few more stats to support their stella SP and can't wait for the next update.) GLH.

[whatsup]

On the move again today , up .02 .

[sommelier]

Extremely dry on the sell side.

[RupertBear]

$1.20! WOW :eek2:

[suse]

I bought in at 49c and then sold 2/3rds at 87c as I got a bit nervous. Now I'm sitting here thinking maybe I should buy back in.. and while I sit on my hands humming and hawwing the price continues to rise. This reminds me of ATM and I sat on my hands for over $3 worth of dithering early on .... I'm pretty sure it was you Left field that finally tipped me over the edge to buy ATM and that made me a tidy gain.

[Food4Thought]

I bought in at 49c and then sold 2/3rds at 87c as I got a bit nervous. Now I'm sitting here thinking maybe I should buy back in.. and while I sit on my hands humming and hawwing the price continues to rise. This reminds me of ATM and I sat on my hands for over $3 worth of dithering early on .... I'm pretty sure it was you Left field that finally tipped me over the edge to buy ATM and that made me a tidy gain.

On average you are up... nicely already... You can afford to loose a bit to stay even?

Will 5k+ of shares ruin you financially? Will the gain outweigh the risk...

These are considerations I made.

I didn't want to go (like numerous others)... XRO... could shoulda.... lessons learned.

[RupertBear]

I bought in at 49c and then sold 2/3rds at 87c as I got a bit nervous. Now I'm sitting here thinking maybe I should buy back in.. and while I sit on my hands humming and hawwing the price continues to rise. This reminds me of ATM and I sat on my hands for over $3 worth of dithering early on .... I'm pretty sure it was you Left field that finally tipped me over the edge to buy ATM and that made me a tidy gain.

I bought in at 30 cents then sold a few when they went up. When i realised they were going up and up i bought them back albeit for more than i sold them for. But it has ended up being a good decision

[Leftfield]

I bought in at 49c and then sold 2/3rds at 87c as I got a bit nervous. Now I'm sitting here thinking maybe I should buy back in.. and while I sit on my hands humming and hawwing the price continues to rise. This reminds me of ATM and I sat on my hands for over $3 worth of dithering early on .... I'm pretty sure it was you Left field that finally tipped me over the edge to buy ATM and that made me a tidy gain.

Good on you Suse. Glad you have made some gains.

Holders have had a good run with PLX, though I suspect it is getting a bit 'toppy' at the moment (relative strength at 80 around $1.20) and recent gains smack of 'hype' (in the absence of company news.) Happy to be proven wrong tho'.

That said PLX is one of my top 3 holdings and has provided some fab $ gains recently. I propose to continue to hold until I see an update from the company that will allow me to make further decisions, and will average up/down accordingly.

For holders, good protection with a rapidly rising share like this, is to make sure our average holding price is safely below the current SP (say by 40%) e.g. At $1.20 my av holding price is just on .50c, so I have a protective margin (which I call my 'moat'), of around 100%.

Remember XRO went from $40 a share down to around $14 at one stage. PEB from around $1.60 to today's paltry levels.

As usual DYOR and take responsibility for your own decisions. GLH!!

[steveb]

bit of profit taking at the mo,what do you guys think the SP will settle at?Just in case I push the buy button again.

If it goes down to $1.00 I am in again

[Schrodinger]

No idea. Are you an investor or a speculator? How to tell the difference:

1. Investor: You believe in the long term future of the business?: Buy in when you can at any price. Price fluctuations dont matter. Entry price is irrelevant.
2. Speculator: Minor fluctuations make you sweaty. You lose sleep when a stock goes down.

Basically are you trying to time the market (speculator)? There are millions of books on this topic.

[suse]

No idea. Are you an investor or a speculator? How to tell the difference:

1. Investor: You believe in the long term future of the business?: Buy in when you can at any price. Price fluctuations dont matter. Entry price is irrelevant.
2. Speculator: Minor fluctuations make you sweaty. You lose sleep when a stock goes down.
.
Interesting. I am both but with my feet more on the speculative side. Couple of shares that I am definitely invested in. The rest is just play (or is that pray) but my portfolio is never going to be big enough to make me wealthy :)

[Balance]

A backdoor list with the founders selling out as fast as they can - to be the next Xero? :D

Well, you know the drill - 'move 'em up and sell 'em to 'em!:t_up:

[mfd]

A backdoor list with the founders selling out as fast as they can - to be the next Xero? :D

Well, you know the drill - 'move 'em up and sell 'em to 'em!:t_up:

Good to see a different perspective. Just curious, what kind of changes would you need to see to consider the company might have changed its ways? They seem like a very different company to back in the VMOB days to me, much more substance and less showy.

[Schrodinger]

Interesting. I am both but with my feet more on the speculative side. Couple of shares that I am definitely invested in. The rest is just play (or is that pray) but my portfolio is never going to be big enough to make me wealthy :)

You underestimate yourself. I encourage you to run a spreadsheet with compounding returns for assets and stretch the model out to 15 years+. It might surprise you how powerful CAGR is...Key thing is to save a good chunk and invest this. This can be done on small incomes..

[Balance]

Good to see a different perspective. Just curious, what kind of changes would you need to see to consider the company might have changed its ways? They seem like a very different company to back in the VMOB days to me, much more substance and less showy.

Leopards never change their spots.

Can you name one backdoor list by this mob which has made money for investors beyond the initial hype and positive ramps?

Let's see -

Plus SMS,

CER,

Snakk,

SeaDragon,

Tru Test,

Orions Minerals,

TRS,

RIS Group

etc etc.

To each their own but those who ignore history are damned to repeat the mistakes.

Just like those who ignored the warnings not to touch Forsyth Barr's IPO : https://www.sharetrader.co.nz/showthread.php?2152-Are-Forsyth-Barr-crooks/page6

PS. Forgot about the greatest & latest - Cannasouth. :t_up:

https://www.youtube.com/watch?v=i8rVI7AMKiY

"Every mistake, we surely must be learning"

[pg0220]

Yeah VMob sounds like it was truly a backdoor list. That was why the dodgy founder was kicked out of the management.

[winner69]

Lefty (or was it whatsup) - told you it would get to 1 buck faster than you thought

How about 2 bucks by Xmas?

That would be rather cool

[Leftfield]

Lefty (or was it whatsup) - told you it would get to 1 buck faster than you thought
How about 2 bucks by Xmas?That would be rather cool

$4.00 within 2 years - you heard it here first! ;) :t_up:

[mikeybycrikey]

Lefty (or was it whatsup) - told you it would get to 1 buck faster than you thought

How about 2 bucks by Xmas?

That would be rather cool

To me it's a little unclear what the growth trajectory is for PLX. They have been growing revenue pretty well but do they need a new McDonalds every year or two just to keep the growth going? I feel like I've got no idea where the extra money comes from. If their number of end users grows from say 100 million to 120 million, does that equate to 20% revenue growth? Probably not but what does it equate to?

There is revenue from setting up new customers, running services and processing transactions. But in what proportion? At least with XRO it was easy: roughly $30 per user per month.

[MauroNZ]

Lefty (or was it whatsup) - told you it would get to 1 buck faster than you thought

How about 2 bucks by Xmas?

That would be rather cool

Hey winner, is that just a gut feeling or something else that you could share it makes you think that?.

[Leftfield]

To me it's a little unclear what the growth trajectory is for PLX. They have been growing revenue pretty well but do they need a new McDonalds every year or two just to keep the growth going? I feel like I've got no idea where the extra money comes from. If their number of end users grows from say 100 million to 120 million, does that equate to 20% revenue growth? Probably not but what does it equate to?
There is revenue from setting up new customers, running services and processing transactions. But in what proportion? At least with XRO it was easy: roughly $30 per user per month.

I agree with you on this..... Back in post #2640 I said, "Holders have had a good run with PLX, though I suspect it is getting a bit 'toppy' at the moment (relative strength at 80 around $1.20) and recent gains smack of 'hype' (in the absence of company news.) Happy to be proven wrong tho'".

However, I don't fear PLX 'need a new McD's every few years' to achieve worthy growth. I assume their roll-out within McD's is far from complete as yet and has many years stella growth in it.

Like you, I want to see the next financials before I get carried away with dreams of $4.00 in 2 years!!

[Food4Thought]

$4.00 within 2 years - you heard it here first! ;) :t_up:

I also see this as achievable. We have seen it with other digital platforms, software and services.

It is not hard to compare this company with many businesses that exploded to incredible consumer reach and uptake in short periods of time.

It makes for a solid Kiwi Success Story. Like XRO. MYOB (Aus). I also like the PLEXURE branding. Very good effort of their development and marketing. Checked their website, sure is easy to use and not overbearing. They sure make themselves easy to sell and gain consumer confidence.

100 Million users is already a mighty good number.

Profitability would increase substantially with additional patricipants and users 👌🍻

[Balance]

It makes for a solid Kiwi Success Story. Like XRO. MYOB (Aus).


Out comes the Xero analogy - as if PLX could even be mentioned in the same category of growth potential!

I recall the backdoor list mob successfully used and manipulated the same Xero analogy to ramp Snakk to absurd valuation for most of the promoters to get out with their 10,000% gains.

Yes, there's money to be made alright - just don't count on the rampers & promoters to stay in while the punters pile in. :D

[Baa_Baa]

A backdoor list with the founders selling out as fast as they can - to be the next Xero? :D

Well, you know the drill - 'move 'em up and sell 'em to 'em!:t_up:

Indeed it was a backdoor listing. You had a great deal to say about the promoters and the long history of failures in the shell that VMob occupied, along with a couple of other posters who are now banned from ST.

To clarify though, can you name any VMob promoter who still has a holding in Plexure, or if they do that they are actively selling? Can you name a founder that is selling into the SP strength?

[Balance]

Indeed it was a backdoor listing. You had a great deal to say about the promoters and the long history of failures in the shell that VMob occupied, along with a couple of other posters who are now banned from ST.

To clarify though, can you name any VMob promoter who still has a holding in Plexure, or if they do that they are actively selling? Can you name a founder that is selling into the SP strength?

Same challenge and similar comments from a few posters as yours in Snakk before they saw the light.:mad ;:

[Baa_Baa]

Same challenge from a few posters as yours in Snakk before they saw the light.:mad ;:

I'm not saying you're wrong about the backdoor promoters, moreso asking whether you know if any VMob promoter who still has a holding in Plexure, or if they do that they are actively selling? Can you name a founder that is selling into the SP strength?

[Nigelk]

Should have followed my gut instinct and sold a few at $1.20.
That price was due to over - exuberance, not logic.
Up 608% on cost of shares still held, so can't complain

[Lola]

I'm not saying you're wrong about the backdoor promoters, moreso asking whether you know if any VMob promoter who still has a holding in Plexure, or if they do that they are actively selling? Can you name a founder that is selling into the SP strength?

Why the paranoia about founders ?
Who care what they do?
More to the point is what’s the current management and Board doing?

And the answer to that should relax you.

[Baa_Baa]

Why the paranoia about founders ?
Who care what they do?
More to the point is what’s the current management and Board doing?

And the answer to that should relax you.

You got it all wrong, a bit emotional as well though we’ve come to expect that from you. I’m relaxed, maybe you should look at what I was replying to before firing off. I know more about this company than the vast majority here, how? I DMODD, have done on this since 2014, how about you, Lola?

Chill and get your facts straight.

[777]

You got it all wrong, a bit emotional as well though we’ve come to expect that from you. I’m relaxed, maybe you should look at what I was replying to before firing off. I know more about this company than the vast majority here, how? I DMODD, have done on this since 2014, how about you, Lola?

Chill and get your facts straight.

Sounds like a bad day in Paradise.

[Lola]

you got it all wrong, a bit emotional as well though we’ve come to expect that from you. I’m relaxed, maybe you should look at what i was replying to before firing off. I know more about this company than the vast majority here, how? I dmodd, have done on this since 2014, how about you, lola?

Chill and get your facts straight.


life would be a bit boring if a girl couldnt show a bit of emotion from time to time. Not so emotional though that a woolly one gets too attractive to resist.

[Cobber]

Same challenge and similar comments from a few posters as yours in Snakk before they saw the light.:mad ;:

It would appear in this particular instance that McDonalds does not agree with you.

[Balance]

It would appear in this particular instance that McDonalds does not agree with you.

https://www.stuff.co.nz/business/opinion-analysis/63325538/

"Investors with long memories will recognise some of the people involved - TruScreen's Australian director and shareholder Robert Hunter, Kiwi shareholder John Sorensen and corporate counsel Sean Joyce all played the same roles in Plus SMS, a backdoor listed company whose scandal-ridden tenure on the NZX has been well documented."

[Leftfield]

https://www.stuff.co.nz/business/opinion-analysis/63325538/
"Investors with long memories will recognise some of the people involved - TruScreen's Australian director and shareholder Robert Hunter, Kiwi shareholder John Sorensen and corporate counsel Sean Joyce all played the same roles in Plus SMS, a backdoor listed company whose scandal-ridden tenure on the NZX has been well documented."

All very scary Balance, yet hardly relevant to PLX.

Perhaps it would be more helpful if you could answer Baa Baa's unanswered question to you as above...


.....To clarify though, can you name any VMob promoter who still has a holding in Plexure, or if they do that they are actively selling? Can you name a founder that is selling into the SP strength?

I look forward to some substance to your allegations.

[whatsup]

All very scary Balance, yet hardly relevant to PLX.

Perhaps it would be more helpful if you could answer Baa Baa's unanswered question to you as above...



I look forward to some substance to your allegations.

Hear hear, on this one Bal you are out of line, PLX atm is a new company with a proper direction, great future imo.

[davflaws]

I am not sure that there is a line for Balance to be out of. Balance is one of the most sensitive posters when it comes to questions of Directors and management doing what they promise. Any failure damns them and all their associates forever. In his view, even the activities of the office cat left behind by a former staffer raise questions of integrity and trustworthiness. And sometimes he is right.

The PLX board and management may or may not be completely new, and it would be good to have accurate info about that if Balance will provide it, but for me that is of far lesser importance than the performance of the Company.

[Balance]

I am not sure that there is a line for Balance to be out of. Balance is one of the most sensitive posters when it comes to questions of Directors and management doing what they promise. Any failure damns them and all their associates forever. In his view, even the activities of the office cat left behind by a former staffer raise questions of integrity and trustworthiness. And sometimes he is right.

The PLX board and management may or may not be completely new, and it would be good to have accurate info about that if Balance will provide it, but for me that is of far lesser importance than the performance of the Company.

Office cat & former staffer? More like Plus SMS, Orions Minerals, CER, Snakk, SeaDragon, Cannasouth etc etc.

A house with rotten foundations has no future.

Matter of time.

[mfd]

Office cat & former staffer? More like Plus SMS, Orions Minerals, CER, Snakk, SeaDragon, Cannasouth etc etc.

A house with rotten foundations has no future.

Matter of time.

Ever read the story of the ugly duckling? Maybe this is the one ugly company that's going to turn into a swan. Not that you're wrong to be cautious, but there has to be a time when personnel changes and company performance leads to a re-evaluation, even if we're not there yet.

[Balance]

Ever read the story of the ugly duckling? Maybe this is the one ugly company that's going to turn into a swan. Not that you're wrong to be cautious, but there has to be a time when personnel changes and company performance leads to a re-evaluation, even if we're not there yet.

The story of the ugly duckling is a fairy tale which the backdoor listing merchants exploit/use very effectively to suck in the naive and greedy.

Sea Dragon & Plus SMS with its changes in management & directors provide you with your answer of what to expect when you invest in backdoor listed stocks - trees with rotten roots do not grow tall, if at all.

Incidentally, I don't hold an ongoing negative view of any stock without a constant evaluation of developments within (and without) the company and industry. If I did, I would never have bought DIL or HGH for example and made the sort of money us shareholders made when we bought on management & shareholding changes.

Even with PEB, I am prepared to consider once certain trigger points are activated.

Where is the evidence that any backdoor listed entities (Plus SMS, CER, Tru Test, Orions Minerals, Aquaria 21, Snakk, SeaDragon etc) by this mob has ever made money for anyone except themselves.

[SilverBack]

The story of the ugly duckling is a fairy tale which the backdoor listing merchants exploit/use very effectively to suck in the naive and greedy.

Sea Dragon & Plus SMS with its changes in management & directors provide you with your answer of what to expect when you invest in backdoor listed stocks - trees with rotten roots do not grow tall, if at all.

Incidentally, I don't hold an ongoing negative view of any stock without a constant evaluation of developments within (and without) the company and industry. If I did, I would never have bought DIL or HGH for example and made the sort of money us shareholders made when we bought on management & shareholding changes.

Even with PEB, I am prepared to consider once certain trigger points are activated.

Where is the evidence that any backdoor listed entities (Plus SMS, CER, Tru Test, Orions Minerals, Aquaria 21, Snakk, SeaDragon etc) by this mob has ever made money for anyone except themselves.

I do not see any of the names you earlier referred to as directors of PLX, Balance. I actually see some names that are respected and successful (Sharon Hunter, Phil Norman are two).
PLX certainly shoots down your thesis because there has been good money made on the stock. I am not a current holder but have done all right out of PLX. Obviously, I sold out too soon, but if I had foreseen MacDonalds taking up a holding then I would not have sold when I did. I only sold because I became concerned that PLX, as a small company, was working in a market with lots of competition from around the world but I think the MacDonalds arangement has given them a credibility that makes a big difference.
As for PLX being shaky because of IT development and upgrade commitments and support (a la Wynyard and Orion) then you should recognise that PLX is providing cloud services with data analysis and that is quite a different business model.

[Balance]

I do not see any of the names you earlier referred to as directors of PLX, Balance. I actually see some names that are respected and successful (Sharon Hunter, Phil Norman are two).
PLX certainly shoots down your thesis because there has been good money made on the stock. I am not a current holder but have done all right out of PLX. Obviously, I sold out too soon, but if I had foreseen MacDonalds taking up a holding then I would not have sold when I did. I only sold because I became concerned that PLX, as a small company, was working in a market with lots of competition from around the world but I think the MacDonalds arangement has given them a credibility that makes a big difference.
As for PLX being shaky because of IT development and upgrade commitments and support (a la Wynyard and Orion) then you should recognise that PLX is providing cloud services with data analysis and that is quite a different business model.

Who mentioned directors? Did you see said individuals as directors of Plus SMS & Snakk?

As for PLX, I suggest you go and talk to people in the industry to understand why a multi-billion entity like MacDonalds invest $5m in PLX.

IBM used to do that a lot.

[whatsup]

Bal, Is that you shorting PLX atm down to .97 Hmmmmmm !

[Schrodinger]

Good please go down further I need to buy in again.

[whatsup]

Good please go down further I need to buy in again.

Sch, be quick as once another update the shares will regain their upper momentum .

[Balance]

Sch, be quick as once another update the shares will regain their upper momentum .

Just in time for the rampers?

[777]

Just in time for the rampers?

Well you have been trying to force it down.

[Balance]

Well you have been trying to force it down.

Force it down? I am flattered you think I actually have that kind of influence or effect?

All the happier for those who bought at $1.20 to buy more, right?

What’s 25 cents when you are buying a stock with Xero:D potential?

[pg0220]

Bal makes me think I am at HC

[Balance]

Bal makes me think I am at HC

The Sodom & Gomorrah website of many rampers with despicable & ulterior motive/intent?

[Baa_Baa]

White Castle new customer, noice. 😀

[steveb]

Wow just did a quick google and they have 377 locations,and I had not heard of them before.

[silverblizzard888]

Nice addition of White Castle - 377 locations across 13 states, Privately owned business that is quite big in the states.

In terms of size I'd probably call this a medium customer. Will be a great addition to McDonalds and shows Pleaxure does have room to add other players in the same fast food market to their customer list and Mcdonalds has not stopped them from doing so.
Don't expect revenue to come in immediately, I'd give it 6 months before anything started coming through and another 6 months for it to really ramp up. So unlikely to affect current financials in a large way.


The announcement "Plexure signs deal with US fast-food chain White Castle"
https://www.nzx.com/announcements/337897

[dompf]

Wow just did a quick google and they have 377 locations,and I had not heard of them before.

Hahaha I only knew White Castle from the movie - Harold & Kumar Go To White Castle!

nice work PLX

[percy]

Wow just did a quick google and they have 377 locations,and I had not heard of them before.

White Castle store locator says 468.
I have never heard of them either.

[whatsup]

Good please go down further I need to buy in again.

So Sch did you get back in with that buying op, Im picking that there will be more ann such as this, journey is only starting imho.

[silverblizzard888]

With this contract its a big confidence booster for the stock and company. Shows they aren't just a one trick pony and can go on to tie up more fast food retailers.

[Balance]

Move 'em up and sell 'em down.

Too easy!

[whatsup]

Move 'em up and sell 'em down.

Too easy!

Bal, please don't be too resentful that ,
1/ you don't hold on this reconfigured share.
2/ that you once held and now regret selling.
3/ have been wanting to buy but cannot pluck up the courage.
4/ you have your head in the sand and cannot see what is ahead with this former B S company.

[Arthur]

The interesting thing is that they are in the same sector as McDonalds, as I recall they got a veto power in their placement.

[mfd]

I think that they agreed a list of companies plx couldn't work with as a condition of the McDonald's deal - white castle must have been too small and insignificant to register. Still, every little helps.

[Baa_Baa]

Good money in prof service setup fees, app tailoring, marketing programs etc. then the per clicks and platform fees kick in. $$$$

[Balance]

Bal, please don't be too resentful that ,
1/ you don't hold on this reconfigured share.
2/ that you once held and now regret selling.
3/ have been wanting to buy but cannot pluck up the courage.
4/ you have your head in the sand and cannot see what is ahead with this former B S company.

Plus SMS ?

[Baa_Baa]

Plus SMS ?

Top20 and recent trade notices debunks. Growing revenue, profits, cash on hand, new customer, biggest QSR in the world shareholder … a bright future.

[whatsup]

Plus SMS ?
Bal
What has SMS to do with todays PLX ?

[Balance]

Bal
What has SMS to do with todays PLX ?

Same store. Same modus operandi.

You were implying many reasons why I must be regretting NOT investing in Plus SMS?

[silverblizzard888]

Decided to try out a new medium for presenting my analytical reviews by making it more visual on video and saves writing large amounts of text.

Looking a bit more into Plexure and White Castle
https://youtu.be/1vI3mEIjDSY

[whatsup]

Same store. Same modus operandi.

You were implying many reasons why I must be regretting NOT investing in Plus SMS?

Bal, As you well know SMS v's PLX is chalk and cheese, , SMS was imo a spive company that no longer exists, PLX on the other hand is a million miles from its former self, get on board while you dont have to pay too much .

[Balance]

Bal, As you well know SMS v's PLX is chalk and cheese, , SMS was imo a spive company that no longer exists, PLX on the other hand is a million miles from its former self, get on board while you dont have to pay too much .

Haha - there are some things I never regret in life and one thing I never regret is investing in stocks which are the subject of ongoing manipulation.

Leopards do not change their spots.

Move 'em up and sell 'em down!

Get 'em while they are HOT!

[Schrodinger]

So Sch did you get back in with that buying op, Im picking that there will be more ann such as this, journey is only starting imho.

Nope bought something else needed to maintain ratios. Still have a decent chunk.

[Cobber]

White Castle store locator says 468.
I have never heard of them either.

Here's a map outlining regional restaurant brands throughout the US. Heaps of brands PLX can continue to sell too.

10689

[percy]

Joe's Crab shack sounds inviting.
Quaker steak and lube could be a bit oily.
Better not comment on Pluckers.

[davflaws]

Better not comment on Pluckers.

Ya don't like pheasant?

[carrom74]

Its racing down pretty badly after a good announcement....May be a buying opportunity...

[pg0220]

Its racing down pretty badly after a good announcement....May be a buying opportunity...
Yeah, with the new customer added, this should drive the revenue up by more than they previously anticipated.

[Balance]

Yeah, with the new customer added, this should drive the revenue up by more than they previously anticipated.

And if like FBU or Provenco, they bought the business with loss making contract?

But great move for spiking the sp to sell into!

https://www.nbr.co.nz/story/data-reveals-cannasouth-sellers

And the people who brought you Plexxxxure are crying (oops - laughing) into their champagne selling their 6.7c & 25c CBD shares to the mugs lining up.

[mfd]

And if like FBU or Provenco, they bought the business with loss making contract?

But great move for spiking the sp to sell into!

If they were able to negotiate a profitable contact with McDonald's, I fancy their chances with white castle. Strongly cash flow positive last year, would have been a profit but for accounting treatment of previous convertible notes. Apparently primarily from that one customer, all while developing new products and investing for further growth.

[davflaws]

And if like FBU or Provenco, they bought the business with loss making contract?

But great move for spiking the sp to sell into!

https://www.nbr.co.nz/story/data-reveals-cannasouth-sellers

And the people who brought you Plexxxxure are crying (oops - laughing) into their champagne selling their 6.7c & 25c CBD shares to the mugs lining up.

One of us is confused (at least!)

I understand you bagging PEB - though not why you have to do it every week, but I don't understand why you are so against PLX.

As I understand it, the people who did the "backdoor listing" are long gone, the management is new, the company is making a profit and has cash in hand. What do you see going wrong?

[steveb]

balance is not quite so balanced in his posts eh! you just have to take them with a pinch of salt everyone is entitled to their opinion

[percy]

One of us is confused (at least!)

I understand you bagging PEB - though not why you have to do it every week, but I don't understand why you are so against PLX.

As I understand it, the people who did the "backdoor listing" are long gone, the management is new, the company is making a profit and has cash in hand. What do you see going wrong?
With a market cap of over $139mil PLX is no slug.

[blobbles]

Good customer numbers coming in, 108m customers is nothing to laugh at. The extent they can leverage the data on these customers will decide their future. But didn't they add the last 8m in a month? Huge growth...

[silverblizzard888]

Good customer numbers coming in, 108m customers is nothing to laugh at. The extent they can leverage the data on these customers will decide their future. But didn't they add the last 8m in a month? Huge growth...

120 million users last month
128 million users this month
8 millon user growth

[Balance]

120 million users last month
128 million users this month
8 millon user growth

Will be 1 billion soon - but is PLX's revenue based upon customer numbers?

[mfd]

Will be 1 billion soon - but is PLX's revenue based upon customer numbers?

Yes, partly. From the annual report:

Plexure’s strong revenue growth of 44%, or $5.136m, came from existing customers, with the majority of
growth coming from McDonald’s with a further 17 countries added in the year ended 31 March 2019. This
was reflected in the growth in pure licensing revenue, which grew by 41%, or $2.834m to $9.702m.
Licensing will continue to grow as we add new markets and new customers

[Ghost Monkey]

Will be 1 billion soon - but is PLX's revenue based upon customer numbers?

Yes, revenue is based on customer numbers...………… all 5 of them!

silverblizzard888 & blobbles might be getting a little too excited with those figures of 128mil.

Plexure's clients are McDonalds, Ikea, 7-Eleven Australia, White Castle and maybe a few others. They've never actually given an exact number of clients as far as I can tell though happy to be proved wrong.

The 128mil, those are the customers of the above companies, not direct clients of Plx. Or, to put it another way, Plx only has to lose one client to lose millions of users.

[mfd]

Yes, revenue is based on customer numbers...………… all 5 of them!

silverblizzard888 & blobbles might be getting a little too excited with those figures of 128mil.

Plexure's clients are McDonalds, Ikea, 7-Eleven Australia, White Castle and maybe a few others. They've never actually given an exact number of clients as far as I can tell though happy to be proved wrong.

The 128mil, those are the customers of the above companies, not direct clients of Plx. Or, to put it another way, Plx only has to lose one client to lose millions of users.

Luckily, the client providing the vast majority of those users has just committed itself to the company by buying a chunk. That risk is significantly lower than it was a few months ago.

[Balance]

Luckily, the client providing the vast majority of those users has just committed itself to the company by buying a chunk. That risk is significantly lower than it was a few months ago.

$5m for MacDonald's is seriously like 5 cents for you and me out of $10,000 in our bank account.

As I have mentioned before, IBM used to do the same and I personally know of a few companies in NZ providing services to IBM which received funds from IBM as 'investment'.

The new generation of investors gets all hot and excited about it - and the Plus SMS boys know how to play this up.

[silverblizzard888]

Yes, revenue is based on customer numbers...………… all 5 of them!

silverblizzard888 & blobbles might be getting a little too excited with those figures of 128mil.

Plexure's clients are McDonalds, Ikea, 7-Eleven Australia, White Castle and maybe a few others. They've never actually given an exact number of clients as far as I can tell though happy to be proved wrong.

The 128mil, those are the customers of the above companies, not direct clients of Plx. Or, to put it another way, Plx only has to lose one client to lose millions of users.

Those 128 million people are the people using the apps plexure creates, so even though they don't come directly to plexure they contribute to the revenue plexure receives through their traffic use.

[Balance]

Yes, revenue is based on customer numbers...………… all 5 of them!

silverblizzard888 & blobbles might be getting a little too excited with those figures of 128mil.

Plexure's clients are McDonalds, Ikea, 7-Eleven Australia, White Castle and maybe a few others. They've never actually given an exact number of clients as far as I can tell though happy to be proved wrong.

The 128mil, those are the customers of the above companies, not direct clients of Plx. Or, to put it another way, Plx only has to lose one client to lose millions of users.

Reminds me of PEB - tens of millions of customers via their primary clients.

Sell the sizzle - never mind the burnt sausage!

[mfd]

The difference between PEB and PLX is pretty obvious if you have a quick glance at the respective financials.

[whatsup]

Reminds me of PEB - tens of millions of customers via their primary clients.

Sell the sizzle - never mind the burnt sausage!


Bal, Life with PLX is just too hard for you atm, why don't we , you and I just go away for a year then come back and see where we are re PLX, its like arguing with a conspiracy theoriest with you, agree !

[Balance]

Bal, Life with PLX is just too hard for you atm, why don't we , you and I just go away for a year then come back and see where we are re PLX, its like arguing with a conspiracy theoriest with you, agree !

Not hard at all actually.

Notice how the $5m 'investment' by MacDonald's is played up like a super-nova event but for those of us who have been around, it's actually a flea bite but for the sizzle and smoke - move 'em up and sell 'em down!

[whatsup]

Not hard at all actually.

Notice how the $5m 'investment' by MacDonald's is played up like a super-nova event but for those of us who have been around, it's actually a flea bite but for the sizzle and smoke - move 'em up and sell 'em down!

BAL, PLEASE GO AWAY and come back in a year and let the year prove where we all are.

[Baa_Baa]

$5m for MacDonald's is seriously like 5 cents for you and me out of $10,000 in our bank account.

As I have mentioned before, IBM used to do the same and I personally know of a few companies in NZ providing services to IBM which received funds from IBM as 'investment'.

The new generation of investors gets all hot and excited about it - and the Plus SMS boys know how to play this up.

You didn’t bother answering my last questions, awkward perhaps. So here they are again, which of the promoters are still in play and selling down? A simple look at the top 20 and recent trade notices will inform on whose supplying stock to the market, and they are not the bogeyman that you keep referring to who were behind all the failed companies.

They’re gone Balance, if you look at it like a VC, this is shaping up as the 1 in 10 that makes it worthwhile spreading a few $ around the startups. If you can prove that Sorensen or Joyce are feeding the market, I will happily concede that you are correct in that they have a lot of patience (5 years) to recover their 10-20-50-100 baggers, but otherwise I think you need to recalibrate, realise this has moved from back door and shonky promoters (undisputed), it has a bright future and could possibly be another very successful NZ tech company.

Even that’s tough I admit if you’re on the sidelines patting your dogma, when it’s gone 4-5 bagger in such a short time. One shouldn’t leap to conclusions either, about people’s motives or their capabilities with a share like this, as robbo24 constantly did some years ago.

[Baa_Baa]

Hey folks, especially relative newcomers to PLX, I suggest that when you have the time, go to page 1 of this thread and read the story. There is only one bad actor left here from the original ‘beat up gang’, the others banned, but some folks have been around since day one with more positive views. Enjoy your holdings and good luck for the next phase of PLX journey. If you get frustrated by constant criticism of PLX from some, best you put them on ignore because they won’t go away. I can guarantee that! Lol 😂

Gltah

[Balance]

You didn’t bother answering my last questions, awkward perhaps. So here they are again, which of the promoters are still in play and selling down? A simple look at the top 20 and recent trade notices will inform on whose supplying stock to the market, and they are not the bogeyman that you keep referring to who were behind all the failed companies.

They’re gone Balance, if you look at it like a VC, this is shaping up as the 1 in 10 that makes it worthwhile spreading a few $ around the startups. If you can prove that Sorensen or Joyce are feeding the market, I will happily concede that you are correct in that they have a lot of patience (5 years) to recover their 10-20-50-100 baggers, but otherwise I think you need to recalibrate, realise this has moved from back door and shonky promoters (undisputed), it has a bright future and could possibly be another very successful NZ tech company.

Even that’s tough I admit if you’re on the sidelines patting your dogma, when it’s gone 4-5 bagger in such a short time. One shouldn’t leap to conclusions either, about people’s motives or their capabilities with a share like this, as robbo24 constantly did some years ago.

Plus SMS? That was a 20 bagger!

[Baa_Baa]

Plus SMS? That was a 20 bagger!

Well done if you got it, how’s it going for you with PLX? Did it get away from you and looking for an entry, or sold and looking for a re-entry?

Cunning as a fox I reckon, so many punters and noobs on these shares, it’s a turkey shoot for old pro’s like yourself.

[Baa_Baa]

Move 'em up and sell 'em down.

Too easy!

😀 are you less experienced new comers listening? If you’re listening are you hearing?

[Balance]

�� are you less experienced new comers listening? If you’re listening are you hearing?

Why are some posters so very concerned about newbies being given both sides of the story?

[Balance]

Well done if you got it, how’s it going for you with PLX? Did it get away from you and looking for an entry, or sold and looking for a re-entry?

Cunning as a fox I reckon, so many punters and noobs on these shares, it’s a turkey shoot for old pro’s like yourself.

Plus SMS certainly ran away from me - big time!

There were pros (accountants, lawyers etc etc) who was telli ng me I was missing out as Plus SMS delivered 2000% return.

Regrets?

[mikeybycrikey]

Why are some posters so very concerned about newbies being given both sides of the story?

Since Scott Bradley left PLX has got their head down, cut costs etc. Gone are the days when every minor customer got an NZX announcement.

However now White Castle, a minor US burger chain barely 1% of the size of McDonalds gets an announcement. Seems a bit weird to me.

I find that Balance goes on and on about the back door origin of this listing but in the case of White Castle it does feel like an announcement lacking any detail just to push the price up a little. Like we're back in 2015 again.

[bucko]

I'd argue the relevance to PLX would determine the need/want to make a market announcement rather than the size related to its current customers.

Signing a new customer with annual revenue of over $500mUSD isn't something to scoff at when you're a minnow like PLX.

[Balance]

Since Scott Bradley left PLX has got their head down, cut costs etc. Gone are the days when every minor customer got an NZX announcement.

However now White Castle, a minor US burger chain barely 1% of the size of McDonalds gets an announcement. Seems a bit weird to me.

I find that Balance goes on and on about the back door origin of this listing but in the case of White Castle it does feel like an announcement lacking any detail just to push the price up a little. Like we're back in 2015 again.

Don't expect a leopard to change its spot.

One can observe the pattern - that following an announcement, sp is ramped up (someone mops up all the shares in one fell swoop), the reef fishes follow and hi, presto - selling emerges. Sp declines backwards.

'Move 'em up, Sell 'em down!'

Separately, don't ignore the fact that there's around 14m of PLX shares issued on 1 April 2019 (4 months ago) at 12c. :D

https://www.nzx.com/announcements/332758

"During the year ended 31 March 2019, all of the note holders chose to convert to equity on either the 4 April 2018 or 29 March 2019. As a result, the convertible note liabilities on the balance sheet have been extinguished and 13,942,171 shares have been issued at a price of 12 cents." :t_up:

[bucko]

One can observe the pattern - that following an announcement, sp is ramped up (someone mops up all the shares in one fell swoop), the reef fishes follow and hi, presto - selling emerges. Sp declines backwards.



Is this not the pattern on majority of stocks? Same trend can be described for something like ATM as well

[Balance]

Is this not the pattern on majority of stocks? Same trend can be described for something like ATM as well

Really?

There have been sp gaps up from announcements in ATM from one or two co-ordinated buyers (which would in ATM's case involve millions of dollars) to be followed by volume sell down?

:D

[pg0220]

Really?

There have been sp gaps up from announcements in ATM from one or two co-ordinated buyers (which would in ATM's case involve millions of dollars) to be followed by volume sell down?

:D
Hmmm really?

Evidence that there are one or two coordinated buyers for PLX?

You know that you made that statement as almost the truth and if you are a sensible poster, I believe you should have a very good evidence to support that.

[Lola]

Hmmm really?

Evidence that there are one or two coordinated buyers for PLX?

You know that you made that statement as almost the truth and if you are a sensible poster, I believe you should have a very good evidence to support that.

Yes I agree. Balance should move on from bagging PLX every day; its is now a real company. Theres another one he could sink his cynical teeth into about to list on the NZX on very soon. Its CSM , and has some of the people he loves not to admire on the board. Now this is a brand new back door. Another NZX winner?

[Cobber]

Don't expect a leopard to change its spot.

One can observe the pattern - that following an announcement, sp is ramped up (someone mops up all the shares in one fell swoop), the reef fishes follow and hi, presto - selling emerges. Sp declines backwards.

'Move 'em up, Sell 'em down!'

Separately, don't ignore the fact that there's around 14m of PLX shares issued on 1 April 2019 (4 months ago) at 12c. :D

https://www.nzx.com/announcements/332758

"During the year ended 31 March 2019, all of the note holders chose to convert to equity on either the 4 April 2018 or 29 March 2019. As a result, the convertible note liabilities on the balance sheet have been extinguished and 13,942,171 shares have been issued at a price of 12 cents." :t_up:

If I was a convertible noteholder I would have converted to equity too. That doesn't make me some kind of bad guy trying to ramp up the share price though. It was the reward for the risk I took when loaning the business money when they were struggling.

[Balance]

If I was a convertible noteholder I would have converted to equity too. That doesn't make me some kind of bad guy trying to ramp up the share price though. It was the reward for the risk I took when loaning the business money when they were struggling.

You are the one making the connection - not me.

Watch how you write, carefully.

[Cobber]

You are the one making the connection - not me.

Watch how you write, carefully.

What I wrote was 100% based on your comment. You're the one who has lead us all down this garden path. If you hadn't commented this thread would not be discussing your accusations, no matter how good you think you have worded it.

[Balance]

What I wrote was 100% based on your comment. You're the one who has lead us all down this garden path. If you hadn't commented this thread would not be discussing your accusations, no matter how good you think you have worded it.

Accusations? 100% based?

Bit like saying that the ABs drew with SA because the game was played in the same stadium ABs lost last year.

When you are in a hole, stop digging!

[Cobber]

I'm going to nickname you "The Riddler".

[777]

I'm going to nickname you "The Riddler".

Give up Cobber. He will go on for years reminding everyone how clever he is. I recently deleted him from my ignore list. He is close to going back on it.

[steveb]

Give up Cobber. He will go on for years reminding everyone how clever he is. I recently deleted him from my ignore list. He is close to going back on it.
yes he should go into politics some people just don't know when to shut up,how does the ignore list work?

[Balance]

yes he should go into politics some people just don't know when to shut up,how does the ignore list work?

So says all the Pike River Coal, PEB, Plus SMS, SeaDragon, Snakk etc etc supporters.

Go into the profile of yours truly and tick Ignore - SIMPLE!

[bucko]

Solid product with good dev path ahead, growing customer list, major players signing contracts who would do their own research, huge growth potential..all in my personal opinion.

Apart from the personnel risk you have mentioned, are there any other areas of concern Balance?

[whatsup]

So says all the Pike River Coal, PEB, Plus SMS, SeaDragon, Snakk etc etc supporters.

Go into the profile of yours truly and tick Ignore - SIMPLE!

Bal, There is not one person on this planet who predicted what happened to Pike River, that was a very sad day for all concerned, even you with your infinite wisdom didn't predict the explosion.

[Balance]

Bal, There is not one person on this planet who predicted what happened to Pike River, that was a very sad day for all concerned, even you with your infinite wisdom didn't predict the explosion.

I warned and wrote enough about how incompetent the directors and management of NZOG & Pike River. For my efforts, I was accused of all manner of dastardly deeds.

http://www.stuff.co.nz/the-press/5282258/Multiple-warnings-about-Pike-River-mines-safety-risks

There were plenty of warnings but the blind pursuit of $$$ at the expense of everything else cost 29 men their lives.

Winner69 would tell you that a certain poster (banned) warned of the high gas count way back in 2008 - 2 years before the mine blew up.

[Balance]

Solid product with good dev path ahead, growing customer list, major players signing contracts who would do their own research, huge growth potential..all in my personal opinion.

Apart from the personnel risk you have mentioned, are there any other areas of concern Balance?

Too much hype - compare and contrast with the stocks like Diligent, Xero, Serko, ATM - they are very clear where their competitive advantages are and work towards clear objectives.

What happened with the deal they did with Telkom Indonesia with its 147m plus subscribers customers - you know the drill of what happened after the announcement.

Not much has changed imo with the modus operandi with this company.

[whatsup]

I warned and wrote enough about how incompetent the directors and management of NZOG & Pike River. For my efforts, I was accused of all manner of dastardly deeds.

http://www.stuff.co.nz/the-press/5282258/Multiple-warnings-about-Pike-River-mines-safety-risks

There were plenty of warnings but the blind pursuit of $$$ at the expense of everything else cost 29 men their lives.

Winner69 would tell you that a certain poster (banned) warned of the high gas count way back in 2008 - 2 years before the mine blew up.

Bal, The real truth of P River was/is the fact that one Labour minister { female } would not let the mine be open cast , in order to "protect " shi!!y second grade/cut over Rata/Beech trees . No matter the gas build up in the mine if it had been open cast wouldnt matter as there would have been constant release of those gasses. nough said.