Originally Posted by
Baa_Baa
Where do you get that idea from reading the Forbar update? It is clear as they cite "management" as the source, so obviously they've been speaking with management haven't they?
You say "speculation on their part" and "reading between the lines", so you reckon they just make stuff up and publish it to their clients?
How on earth are these statements Forbar "speculation"?
"We understand that the company is in the final stages of an RFP to win a substantial contract with a globally listed, multi-brand food retailer, with management expecting completion during 1H22."
"management has cited the global recovery profile and COVID-19 related disruptions as slowing the speed of new customer acquisitions in the short term, but remain sanguine on achieving its FY25 revenue target of NZ$100m, given the coup of recruiting two high profile international sales executives from competitors."
"After success with Indonesian supermarket Super Indo, PX1 also expects to onboard more AholdDelhaize (global supermarket group) brands during FY22."
"management confident of executing new contract wins, adding additional McDonald's markets,"
"PX1 is confident of changing its contract with McDonald's to align more with user growth on its platform, with resolution expected by September 2021."
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Look at the things we didn't know, and the specifics, that Forbar have mentioned. Where else could this come from than talking to management:
- final stages of an RFP to win a substantial contract with a globally listed, multi-brand food retailer
- but remain sanguine on achieving its FY25 revenue target of NZ$100m
- recruiting two high profile international sales executives from competitors
- expects to onboard more Ahold Delhaize (global supermarket group) brands during FY22
- confident of executing new contract wins, adding additional McDonald's markets
- confident of changing its contract with McDonald's
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Almost all of that is new information, or more detail about things that have been alluded to, but not in such specific detail.
How is all this "speculation" on Forbars behalf?