Here's a map outlining regional restaurant brands throughout the US. Heaps of brands PLX can continue to sell too.
Attachment 10689
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Here's a map outlining regional restaurant brands throughout the US. Heaps of brands PLX can continue to sell too.
Attachment 10689
Joe's Crab shack sounds inviting.
Quaker steak and lube could be a bit oily.
Better not comment on Pluckers.
Its racing down pretty badly after a good announcement....May be a buying opportunity...
And if like FBU or Provenco, they bought the business with loss making contract?
But great move for spiking the sp to sell into!
https://www.nbr.co.nz/story/data-rev...asouth-sellers
And the people who brought you Plexxxxure are crying (oops - laughing) into their champagne selling their 6.7c & 25c CBD shares to the mugs lining up.
If they were able to negotiate a profitable contact with McDonald's, I fancy their chances with white castle. Strongly cash flow positive last year, would have been a profit but for accounting treatment of previous convertible notes. Apparently primarily from that one customer, all while developing new products and investing for further growth.
One of us is confused (at least!)
I understand you bagging PEB - though not why you have to do it every week, but I don't understand why you are so against PLX.
As I understand it, the people who did the "backdoor listing" are long gone, the management is new, the company is making a profit and has cash in hand. What do you see going wrong?
balance is not quite so balanced in his posts eh! you just have to take them with a pinch of salt everyone is entitled to their opinion
Good customer numbers coming in, 108m customers is nothing to laugh at. The extent they can leverage the data on these customers will decide their future. But didn't they add the last 8m in a month? Huge growth...
Yes, partly. From the annual report:
Plexure’s strong revenue growth of 44%, or $5.136m, came from existing customers, with the majority of
growth coming from McDonald’s with a further 17 countries added in the year ended 31 March 2019. This
was reflected in the growth in pure licensing revenue, which grew by 41%, or $2.834m to $9.702m.
Licensing will continue to grow as we add new markets and new customers
Yes, revenue is based on customer numbers...………… all 5 of them!
silverblizzard888 & blobbles might be getting a little too excited with those figures of 128mil.
Plexure's clients are McDonalds, Ikea, 7-Eleven Australia, White Castle and maybe a few others. They've never actually given an exact number of clients as far as I can tell though happy to be proved wrong.
The 128mil, those are the customers of the above companies, not direct clients of Plx. Or, to put it another way, Plx only has to lose one client to lose millions of users.
$5m for MacDonald's is seriously like 5 cents for you and me out of $10,000 in our bank account.
As I have mentioned before, IBM used to do the same and I personally know of a few companies in NZ providing services to IBM which received funds from IBM as 'investment'.
The new generation of investors gets all hot and excited about it - and the Plus SMS boys know how to play this up.
The difference between PEB and PLX is pretty obvious if you have a quick glance at the respective financials.
You didn’t bother answering my last questions, awkward perhaps. So here they are again, which of the promoters are still in play and selling down? A simple look at the top 20 and recent trade notices will inform on whose supplying stock to the market, and they are not the bogeyman that you keep referring to who were behind all the failed companies.
They’re gone Balance, if you look at it like a VC, this is shaping up as the 1 in 10 that makes it worthwhile spreading a few $ around the startups. If you can prove that Sorensen or Joyce are feeding the market, I will happily concede that you are correct in that they have a lot of patience (5 years) to recover their 10-20-50-100 baggers, but otherwise I think you need to recalibrate, realise this has moved from back door and shonky promoters (undisputed), it has a bright future and could possibly be another very successful NZ tech company.
Even that’s tough I admit if you’re on the sidelines patting your dogma, when it’s gone 4-5 bagger in such a short time. One shouldn’t leap to conclusions either, about people’s motives or their capabilities with a share like this, as robbo24 constantly did some years ago.
Hey folks, especially relative newcomers to PLX, I suggest that when you have the time, go to page 1 of this thread and read the story. There is only one bad actor left here from the original ‘beat up gang’, the others banned, but some folks have been around since day one with more positive views. Enjoy your holdings and good luck for the next phase of PLX journey. If you get frustrated by constant criticism of PLX from some, best you put them on ignore because they won’t go away. I can guarantee that! Lol 😂
Gltah
Since Scott Bradley left PLX has got their head down, cut costs etc. Gone are the days when every minor customer got an NZX announcement.
However now White Castle, a minor US burger chain barely 1% of the size of McDonalds gets an announcement. Seems a bit weird to me.
I find that Balance goes on and on about the back door origin of this listing but in the case of White Castle it does feel like an announcement lacking any detail just to push the price up a little. Like we're back in 2015 again.
I'd argue the relevance to PLX would determine the need/want to make a market announcement rather than the size related to its current customers.
Signing a new customer with annual revenue of over $500mUSD isn't something to scoff at when you're a minnow like PLX.
Don't expect a leopard to change its spot.
One can observe the pattern - that following an announcement, sp is ramped up (someone mops up all the shares in one fell swoop), the reef fishes follow and hi, presto - selling emerges. Sp declines backwards.
'Move 'em up, Sell 'em down!'
Separately, don't ignore the fact that there's around 14m of PLX shares issued on 1 April 2019 (4 months ago) at 12c. :D
https://www.nzx.com/announcements/332758
"During the year ended 31 March 2019, all of the note holders chose to convert to equity on either the 4 April 2018 or 29 March 2019. As a result, the convertible note liabilities on the balance sheet have been extinguished and 13,942,171 shares have been issued at a price of 12 cents." :t_up:
Yes I agree. Balance should move on from bagging PLX every day; its is now a real company. Theres another one he could sink his cynical teeth into about to list on the NZX on very soon. Its CSM , and has some of the people he loves not to admire on the board. Now this is a brand new back door. Another NZX winner?
I'm going to nickname you "The Riddler".
Solid product with good dev path ahead, growing customer list, major players signing contracts who would do their own research, huge growth potential..all in my personal opinion.
Apart from the personnel risk you have mentioned, are there any other areas of concern Balance?
I warned and wrote enough about how incompetent the directors and management of NZOG & Pike River. For my efforts, I was accused of all manner of dastardly deeds.
http://www.stuff.co.nz/the-press/528...s-safety-risks
There were plenty of warnings but the blind pursuit of $$$ at the expense of everything else cost 29 men their lives.
Winner69 would tell you that a certain poster (banned) warned of the high gas count way back in 2008 - 2 years before the mine blew up.
Too much hype - compare and contrast with the stocks like Diligent, Xero, Serko, ATM - they are very clear where their competitive advantages are and work towards clear objectives.
What happened with the deal they did with Telkom Indonesia with its 147m plus subscribers customers - you know the drill of what happened after the announcement.
Not much has changed imo with the modus operandi with this company.
Bal, The real truth of P River was/is the fact that one Labour minister { female } would not let the mine be open cast , in order to "protect " shi!!y second grade/cut over Rata/Beech trees . No matter the gas build up in the mine if it had been open cast wouldnt matter as there would have been constant release of those gasses. nough said.
PLX sure getting hammered over the last week, whatsup ?
Last update (22/07/2019) - The Company now has over 128 million end users on its platform in over 54
countries
If you look on their website now - Plexure powers mobile engagement in 78 languages to more than 132 million users in 56 countries worldwide.
Looks like they are definitely growing their users in the background?
You say hyped up, but it’s only just caught up to the facts about the present and the potential for the future. Are you looking for a re-entry after selling 1.20?
Traders like yourself are adept at timely posts that sow seeds of confidence or concern, like for example your posts on ‘get your income while you can’ but now it’s ‘get out while you can’, so nice ride up the gentaillers but you’re out of them already and fossicking around PLX looking for a low buy?
A frothy tech stock isn't really a safe haven. And when everyone's favourite racist uncle is starting trade wars and threatening economic chaos yet again, frothy stocks are surely going to be hit the hardest. It'll all come right when he makes the "greatest, most beautiful deal ever" or some other meaningless statement and the music keeps playing.
maybe my choice of words was wrong instead of overhyped maybe i should have said it had been showing a bit to much exuberance of late. anyway to explain it more i answered whatsup question tech stocks are being sold off for reasons mickey crikey has mentioned.
In NZ In the last mth
PLX - 17%
PPH - -7%
VGL - 7%
IKE - 5%
plx up the most this yr so of course its going to fall the most when sentiment changes , is it short term sentiment who knows.
In aus in the last 10 days
APX -17%
WTC -15%
ALU -13% ETC ETC
when defensive is the trade tech will suffer full stop.
In answer to your other questions. (get your income why you can ) was very wise in hindsight and i still own gentailers and i might only sell when rates start going up esp if rates are going to zero.
and your second part if you re - read the comment get out why you can was in reference to the poor liquidity on the nzx and i said when the nzx falls one day it would be hard to get out.
As an aside im surprised a person like yourself who looks at charts did not notice the over brought situation of plx at 1.10 - 1.20 and the exerburance of the asx tech stocks at the same time clear warnings signs of top coming so knowing this you would understand this correction was due at some stage , prices dont go up in a straight line. I would think long term investors understand corrections happen and is part of the journey.
I wonder how valuable this user data is compared to the likes of Facebook and Google??!! As this variable increases.... if PLX can work out how to monetise this to a broader advertiser segment.... revenue's could grow very quickly.
It'd be interesting to know what cross over user data is shared between PLX advertisers.
AGM & pronouncements from this company have always been upbeat - and the backdoor promoters & directors have always sold down and out on the back of pronouncements - what's new?
I do have my BUY order in - at 23c which is where is is headed towards. Most likely I will have to pull it though - not a big fan of parting with my hard earned money to fund the luxurious lifestyles of the backdoor boys & girls which some here seem to love doing?
They definitely weren't upbeat around 2017 when the company was trying desperately to avoid running out of money and income was flat. They were very upbeat before that under previous management, and more recently when the exceptional results have justified upbeat reports.
Like you Baa Baa.... still waiting for Balance to deliver facts not rants.
He didn't answer my question either. From ATM thread, when prices was running to ATM, he kept saying "Shorters are burning". See what happens now and he is sooooo quiet on the discussion. I gave him a bit of credibility until I found he doesn't answer a single post that he doesn't have any fact at all. You know what you need to give to such a person, ignorance.
First and foremost, shorters (if you bother to look at ASX shorts - https://www.shortman.com.au/stock?q=a2m) have been burning and are still burning - but obviously not as badly as they were when ATM sp was heading higher. Well worthwhile reading and understanding these things.
Secondly, there are enough posters in this forum who know that you have to use sources of information outside of NZX announcements & pronouncements & company propaganda (oops - PR spin).
Up to you to believe or not to believe - not my job to convince you.
But backdoors are backdoors - they do not change spots.
I am referring to the chronic emotions thrown by the 'wedded to the stock posters' at yours truly here for daring to state the obvious!
Why do I get the feeling that some posters feel that postings on some stocks are reserved for cheerleaders, backdoor promoters and manipulators?
You brought facts to the shorter one, so now bring the facts to the questions you have not answered?
"There are a lot of information available out there, you go find yourself and it is not my job to bring it and prove it to you.". I have heard this a lot of times out on the internet people spreading news about they are not sure about but only guessing. Also a very popular strategy used by communists.
If it is not your job to convince me, then why do you even start it in the first place? So where are the answers to the questions have not been answered so far?
Here's the playbook if you want to look through the eyes of a recidivist detractor:
1. You must absolutely loathe any reverse listing, simply because it reverse listed (back door). You don't need any more reason than that. It enables you to conjoin the current occupant of the listing with all the prior failed occupants of the listing, even though mostly no current occupant has anything to do with any of the prior occupants and are usually not even remotely similar businesses. For sport you must also compare all other reverse listed company's with the current company, especially those that have have failed, so it stands to reason the current company will fail as well, simply because it was a reverse listing.
But wait, there's more:
2. You must pathologically hate the promoters even more than reverse listings. While on face value the promoters take a big risk, in reality they get their truckload of shares at fractions of pennies and upon listing are on-paper worth 100's fold more. They reduce the risk of their seed investment and make a lot of money by selling into any price rise. That's worth hating on now isn't it? Even if prices drop to small fractions they can still sell down into any buying activity and still make a lot of money. You could go to town hating on that, despite the company wouldn't exist or list if the promoters hadn't taken the initial risk.
There is still more if you want to be a true master troll:
3. Not only must you hate promoters, you must utterly despise two promoters in particular that are behind quite a few reverse listings. You must be fearless and use your anonymous platform to name and shame them, preferably until they threaten the website and you with legal defamation. Only then will you feel fulfilled, though not sufficiently to stop disparagingly referring to promoters per se, you'll just stop naming them.
It helps if you can also:
4. Completely ignore any facts or evidence that contradicts your views, like for example the company actually signing up global customers, growing revenue, achieving profit, being bought into by their largest customer. You must ignore all that or anything else remotely positive, or better still allude to all off it as a certain pathway to doom (by conjoining 1. and 2. above).
5. Fabricate untruths or even lies that support your views, it doesn't matter because most people don't actually know the truth, like for example whether there are even still promoters involved selling down their ill-gotten stock, or better still that the Directors are always selling their stock into any buying activity (ill gotten stock preferably by performance shares for not actually performing).
6. Justify your actions by insisting it's all for the newbies and back that by saying how many thankful emails you got from them.
Finally it is essential that you have:
7. Oodles of time to troll and taunt every comment anyone ever makes on the threads of the stocks that you loathe and despise (for the reasons 1. and 2. above).
Still waiting :D
Please keep falling I want to top up.
Some basic facts for the newbies :
1. Once a shareholder drops below 5%, there is no further requirement for the shareholder to disclose any further movements in the shareholding - unless the shareholder is also a director or senior executive of the company.
2. It is possible however to get a fortnightly updated list of the top 100 shareholders of any public listed NZX company but you must have a friendly broker whose firm has subscribed to the service. I do and along with other information I can from various brokers, there is an absolute understanding that I will not publish/post that information. From time to time, I share some pertinent infor as some of the posters in this forum here well know.
3. Some shareholders hide their shareholdings with nominee companies, trusts & custodian services. Again, it is possible to have a look at the actual holders of shares in the nominess/trusts/custodians. A more involved process.
2 is easy to get. 3 is not worth the hassle unless it is really important - eg. in takeover situations.
Read #2782 and you can keep waiting.
Enjoy :
https://www.youtube.com/watch?v=IHXK9glwFBg
:D
fyi: $0.75 > anyone want to sell? Put it up.
11 jobs up on board, loyalty scheme launch, new customers, more than happy to take the risk. Would like info on Macca's US operations i.e. who is running the equivalent of Plexure Japan for Maccas?
Macca's has gone from $100 in 2015 to $218 in 2019 18% CAGR.. https://www.cnbc.com/2019/08/14/mcdo...to-tumble.html still think theres life in there still.
I agree, put my toes in on some good wins, now looking at a good time to buy a bigger share.
Not sure what Balance's problem is. It's totally possible for different outcomes for companies given the same starting position. Businesses rarely continue to be what they started out as and most go through a bunch of revolutions before getting a winning formula. Most important at this stage is runs on the board and having the right people in charge (the two are often linked). With relatively recent changes and relatively recent wins, they may have just got the combination right.
Also not sure about the insistence that customers using their app aren't their customers. It is true, in the strictest sense of the word, however I would suggest people think a bit deeper. Their app downloads are their customer base, as that's how these businesses work. As numbers of customers downloading and using the customer loyalty/discount app rise, so do Plexures value as their revenue is a function of the downloaded app count. Absolutely the inputs to the function may change over time (less or more value per customer depending on agreements with their clients).
Another way to look at this - if they had 10 traditional customers (McDonalds etc) and each of them only had 10 of their customers download Plexures app, do you think Plexure would have millions in revenues? Not a chance. However if each customer had 100m people download their app, would this result in Plexure having millions in revenue? You bet it would...
When I go to the bank, I am not going as a Microsoft customer. But you bet your bottom dollar Microsoft's value extracted from each bank as a software supplier is a function of the number of customers that bank has, depending on its reach within the bank and various other factors.
Also remember data is the new oil. The goldmine of data that is given to Plexure with over 100m customers is huge. The value of this data grows exponentially each time they sign a new client and get more customers downloading their app as it allows greater understanding of their customers and more oppourtunity.
But it is a risky stock, as are most "start ups" (this one has been going for a while so not sure it is a start up?), particularly in growth phase. Only invest what you know you can lose!
So quiet here, you be mistaken for thinking PLX hasn’t just proposed a doubling of directors fees to $500k and a shareholder dilution of 5%, up to their max limit 12% staff options.
And no online feed of the AGM?
Disappointed I did not get sucked in at 19 cents.Was trying to buy at 18.
Opportunity missed.
You had the opportunity to buy at $1.20 - why did you not take it last month to ride this thing to $60 (like Xero)? :D
Then, there’s PEB (which used to trade up to $1,70) languishing at 23c which must be an outstanding opportunity - given its potential market of billions of dollars (just like Plexure). Go for it, man!
Don’t look back in regret when PEB becomes a $60 stock.
Would have loved to have been sucked in big time at 19 cents.
Selling at $1.20 would have completed a great trade.
Opportunities every day,just seeing them is sometimes difficult.
Good luck to those who saw,and took advantage of PLX's opportunity.
Bal, Very informative article in the N Z Herald today, should allay your fears if they roll out and hit their numbers as hoped for.