I'm amazed the 50% revenue growth didn't break the previous resistance achieved on the McDonalds investment alone. Two new contracts since then. Wonder if it's just heavy profit taking.. or the capital raise point scaring some people off
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I'm amazed the 50% revenue growth didn't break the previous resistance achieved on the McDonalds investment alone. Two new contracts since then. Wonder if it's just heavy profit taking.. or the capital raise point scaring some people off
Maybe profit taking and worry of Covid, and I think a lot of people believe there’s a lot of competitors out there in the market for CRM, I listened to Craig Herb today in his herald interview and he said that same thing and that there’s only 5 companies really that they benchmark (Didn’t say which companies but I can guess a few).
Anyway, he said they don’t really have the same product as Plexure and he thinks Plexures product is really quite “special”. So that was nice.
I guess overall market sentiment and fear of Economic downturn is keeping it below $1..
Fair enough, they should've signed up more companies I agree. But it takes time for their deals to come through. They are longer sales cycle type deals, not just your ordinary business. For example they were speaking with White Castle from at least March (as it was before Mcd's invested) and only announced it in July.
You have to remember the deal precluded Plexure from working with other bigger quick service rivals and they said discussions had been quite advanced with a few of Mcd's competitors. At that stage they were focusing on the quick service industry, so we can forgive them for that.
Also their sales force had been on the light side until now it seems, so possibly they've just been busy servicing Mcd's and didn't have much time to bring in new customers. However the Super Indo could be promising. Here's hoping they sign up more supermarket customers.
did he mentioned whats the special?
Disclosure of interest - so who sold into the ramp?
Me too, i'm young and got time for a long hold to see how it plays out, got a bit of cash to buy more if you guys wanna try get it under 50c again :eek2:
I found this company when it was about 10c in 2017 i think, bought a few thousand worth but sold because i was impatient lol. Not happening again...