My previous comments were that PLX is having to spend up BIG to support the McD contract. Results show that to be the case.
But hi, as I wrote a few days ago - there's every reason to be very happy with the markets at present!
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sell the news event by the looks at this early stage
Can not blame them..a lot of them got cought at $1 ish since the crash..give it couple days ...
Let traders do what they intend to do, take short term profits....
im doubt in compare with pph current pe 75 and plx pe 130-140,still worth to buy?
All this talk of PE isn't really applicable to a growth company. Earnings are used direction to grow the company... https://www.investopedia.com/article...s-pe-ratio.asp
I’ll be honest I sold at above $1 again . I topped up at 0.39 and above during the coronovirus dip so wanted to actualise my profits and not be greedy.
Still on my watchlist and I’m still bullish long term on plexure but everyone has different strategies so it didn’t make sense for me to not exit
Happy day's in the Left Field household today.
- first haircut in months
- first visit to a real library in months
- PLX 16% of my portfolio and a great report
Some other gems not much commented on in the PLX report
- Future revenue streams will more accurately reflect growth in customers and usage as contracts change
- Customers now 187m with a stated goal of 500m (timing not stated - achievable in 2 - 3 years?)
- Future M& A possible as is a cap raise to facilitate this
- Assessing ASX dual listing
- Pipeline of potential customers "has grown significantly'
- AI will provide an additional future revenue stream.
- EPS around .70c
Ssssooo my gutometer says SP should settle around $1.20 and head to $2.00 in the not too distant future. But then what do I know!!?? DYOR.
They can be a growth company AND you can use PE ratio's. But you are comparing 2 companies at different phases of growth and different level of maturity - which is not that useful. Sure they started around the same time, but it took PLX a lot longer to actually sort their s**t out (management being the big changes).
At $1 - circa $140M market cap, they're still only 5X revenue plus cash on hand.
Not bad for a company growing so fast and profitable