big gains today as well!
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big gains today as well!
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.
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
Link to the article about Maccas spending $100m for expansion across the nation.
https://www.nzherald.co.nz/business/...ectid=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.
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.
On the move again today , up .02 .
Extremely dry on the sell side.
$1.20! WOW :eek2:
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.
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!!
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