That’s good
$4.5m pretty solid.
PLX market value going to be over $150m soon .......so the bulk of that ‘value’ is what cash is going to be generated many years out eh
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Exxxceeeelllent. This is exactly what I was hoping for. It makes a lot more sense to derive your revenue this way IMO.
The big thing about PLX this year is their focus on their staff growth and getting top quality talent. This is one of the biggest factors for IT companies to be able to execute a growth strategy, along with having management that is capable of delivery, which it looks like they are. Still early days for PLX, but with their US sales team, let's hope they sign one of the big ones in the near future (a Walmart or Costco or Kroger or similar). Next few years will be huge for this company IMO, so happy I was picking up shares at <60c not long ago!
This shift comes with the cost though. The annual report did indicate the investment on platform will have some implication to the financial result for FY21 because of this shift. If the growth happens, it will potentially raise capital and undertake ASX dual listing. I guess the good side is that it will generate more income to support the staff growth.
Nevertheless, this is a great change of the revenue model. Looking forward to the future growth of this company.
Attachment 11596There's some high bids at 99cents :t_up:
Reading note 21, it seems that of all the current directors only the chairman Phil Norman owns shares in PLX, and even his holding seemed to have been diluted during the last FY.
The CEO, Craig Herbison does have options but to me it seems unusual that if everything is so positive why so little interest of the directors to participate in owning part of PLX. Or is it that the other directors also have options which I am not aware of ???
What do others think about the seemingly very positive results and lack of directors shareholding??
Seriously & sincerely happy for you holders to have done well with the sp back to where it was in June 2019 - NZ needs tech companies to do well.
So let's have a quick look at the H2 results :
Revenues generated of $13.49m in H2.
Cash increased by $0.6m from $13.6m to $14.2m.
NPAT dropped from $1.18m to $1.0m in H1 - so loss in H2.
Running fast to stand still?
B S Bal, , Are you going to give us ( once again ) your considered opinion , just like all of last years ranting or are you hunkered down on MMH ?
Its a good result, it proves what the company is doing is building traction and establishing itself as a strong player. Its a growth company and it should be measured as a growth company rather than on its profits and cashflows at this stage. They need to put the investment to build the technology and hire the best talent to continue being better at what they do, though it does take time and patience. Its a $1.50 stock for me given the current growth and financial position.
Investing for growth as expected. They raised a large amount of money from McDonald's - what would be the point if they didn't intend to invest it? The company had money and was cashflow positive at that point, they didn't need to money to keep the lights on, they took it to invest.
Very happy with the report, keep up the good work. Once they grow decent leverage they will be spitting out cash.