I meant in other locations
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I meant in other locations
Its good to see NZ lockdown to prevent community transmission of Covid19, I hope we can get through this in 4 weeks period, and fastfood industry definitely will reopen first of all,stay strong and Kia kaha!
Virtual Roundtable: Building Consumer Loyalty in Uncertain Conditions | Plexure
https://youtu.be/I--EqFm8YtM
Nice work by PLX keeping busy during this time. Stock in my opinion has a great long term future, especially now that Apps are incredibly important while social distancing is in place and companies will be gaining a massive advantage having an app for their offerings. PLX are growing really well and the stock in my view is very undervalued.
Maccas NZ is a very small part of their business and doesn't matter in the scheme of things.
Fair enough.
Can anyone share guesses on how their contracts are setup with their customers. For example, is their revenue exposed to less people using the app (active users)? Do they achieve different revenues if more people are using different parts of the app e.g. the delivery function? How likely is it that their customers have a force majeure clause in these overseas markets?
I don't believe Plexure actually makes or owns the apps. Pretty sure they are API based. So the app developer plugs into the API's supplied by Plexure. I only say this because I saw a PR release a few months back celebrating an award for the development of the NZ McDonalds app for the Monopoly Game. There was no mention of Plexure anywhere, but we know that the app was the front-end data collection for Plexure to manage customer profiles etc.
FY results due out in about a week from today on Tue 19th May, interesting to see how they turn out to be...
I am expecting a profit to be in the $1-2 million range. I have been playing around with my DCF model for Plexure and at a 40% growth in revenue which they pre-announced around $24-$25 million.
They said they are largely unaffected by Covid 19. My thoughts are they may actually benefit from this pandemic.