Seeing a big sale on Friday morning made me wonder if there was going to be a bad news disclosure when the NZX closed for the weekend.
No announcements... nothing, nada, zilch....so....No news is good news..eh.... Hmmm
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Seeing a big sale on Friday morning made me wonder if there was going to be a bad news disclosure when the NZX closed for the weekend.
No announcements... nothing, nada, zilch....so....No news is good news..eh.... Hmmm
Is a new CEO priced in?
Buy, Hold or Sell?
I am so Perplexured on this one. I had high "hopes"/ blind optimism with the CEO. Where the ... is the new customer. Pita Pit NZ is that it... surely they have something going on with Ahold Delhaize?
Just a few of the brands we should be able to connect with surely if Super Indo is doing good things....
Attachment 12817
For now I hold but quite nervously as have already DCA down to improve average. After participating in the oversubscribed SPP. What a blessing in disguise that was to have only received a nominal amount at $1.20
GLTAH
I had to exit on Friday. The ship was already looking a bit rudderless, and now the captain has jumped overboard there were just too many red flags for me.
Happy to jump back in once we have some surety around a few of those flags. Until then GLTAH.
Well, I guess traders can always hope for the famous dead cat bouncing ... which would not be unusual after such a hard fall. Otherwise - pretty ugly trend chart, isn't it?
Attachment 12818
Long term investors clearly must see something which makes this company standing out out of the crowd of startups (Remember - Between 18 to 19 out of every 20 die without ever paying their share holder funds back) - and I mean in a positive way.
Does Plexure look that healthy compared to the other startups who are going to die a premature death? Is this the best Startup candidate you can think about? If the answer to that question would be no, than its clear - SELL and invest into the other company ... if you really must invest into startups, this is.
I don't know what the survival rate of sinking ships is, which even the captain already abandoned - but I recon it is not that amazing.
However - never say no, there is always a chance of a whale lifting the sinking boat and bringing it safely to shore. She'll be right ;) - won't she?
PX1 having a good day on the bourse today
Panic over
I spoke with Phil Norman and he mentioned Mcdonalds leaving Plexure would be costly to Maccas and not happening at all. McDonald's is extremely happy with Plexure and they have a close relationship. With Pita Pit it is a doorway to a bigger contract. Plexure needs to earn their stripes was mentioned.
He also mentioned costs sourcing people in IT had increased greatly from last year.
He indicated another Capital raise will be happening in the future for possible mergers or acquisitions and that the directors were onboard for putting in money themselves for this if it needed to be done.
A lot of this stuff I have mentioned I read between the lines. So DYOR
Spoke to Phil also, he seemed like a good sort. Didn’t sound like he was sweating over the CEO leaving either, it was in the pipeline. However they realise the growth is not as much as expected and possibly looking at M&A opportunities like Ggcc mentioned.
Edit: update - also he mentioned that Andrew Dalziel is actually stepping in to help them out a bit since craig decided to leave.
I sold. Lost heaps. Don't want to talk about it. Removed from watchlist.
I once said this could be a $1b company LOL
GLHs.