I wonder how many capital raise in the future? They used all the cash to merge TASK, and they are no cash in the bank at all?
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I wonder how many capital raise in the future? They used all the cash to merge TASK, and they are no cash in the bank at all?
Norman is truly delusional comparing Plexure to Olo
In NZ Herald -
“Our internal value analysis indicates [the merger price] represents a very fair value for the business," he said, noting the recent NYSE (New York Stock Exchange) listing of online ordering software business Olo.
That company processes about three times the number of transactions as Task in the United States and recently listed at a valuation of US$3.6 billion ($5.1b).
You obviously never listened to it, but like most you can’t help but comment anyway.
There was never any sort of comparison between Plexure and OLO.
The comment was in regards to similarities between OLO and Task. As stated OLO make about 3x the transactions as Task do, in the same/similar industry but they are valued at 5.1b in the US. (38x revenue)
Link to conf call, if anyone keen..
https://www.plexure.com/announcement...sk-to-merge-2/
I think Dan is the man and get a feeling he's got few aces up his sleeve.
And reading between lines, seems as though Craig wanted to bail out as he was not front runner for CEO role for merged entity.
Looks like the sub 61c weak hands have been shaken out, and the remaining holders are ready to milk their next Macca shake.
From Business Desk:
Plexure chair says CEO exit unrelated to merger
Plexure chair Phil Norman says the sudden resignation of his chief executive, which sent the share price spiralling 20% two weeks ago, was unrelated to the merger announced yesterday.
“There was no connection, Craig [Herbison] had been talking to us for a while about his own priorities,” he told BusinessDesk.
Read on »
I think that the new CEO will do a very good job and is in that position to drive the business forward due to his understanding of the mechanics of the industry, I think the share weakness in behind it now, its a pity the share brokers do not do company visits atm and so are unable to put out a investment sheet ( if it could be relied on ) .
Good analysis might help you to give you a better view on the big picture, but analyst predictions are (and predictions from anybody else) absolutely worthless.
Analysis of startups is typically paid by the company, which makes it still less worth than other analysis - analysts do have here a vested interest to say nice things.
So - why do you think that PX1 is one out of 20 startups who is going to not just survive, but thrive? I guess - true, they are a lossmaking startup already for a long time - i.e. living from cap rises and losing money is clearly something they are very good at, but making money?
Did you know that Plexure traded to profitability in FY20? It was FY21 that the growth strategy was announced, including ASX listing and a large cap raise to funded growth and acquisitions, which they are executing on now.
I take it that you have no shares in Plexure and a limited knowledge of their business and technologies, but for some reason feel the need to come on here and spread uncertainty and misinformation?
OK - this is pretty despicable HC cr*p you are dropping here. Arrogant and condescending post mixed with personal attacks.
Why would it be relevant whether I own Plexure shares? Do you want to turn share trader to a bunch of cheerleader threads, do you? Don't like the message and attack the poster - is this who you are? I had thought better about you, but clearly I was wrong.
You might be surprised that I do know a thing or two about he company, including that they made in 2020 a 1 cent per share profit - WOW! All other years (since 2015) they carried losses and according to analyst predictions this will stay that way for at least the next three years (and who knows, what comes after that).
Yes, I do know their product and I know that they don't seem to have a business model allowing them to make sufficient money, even if their customers use their product.
I know as well that they promised their flock new customers at the last cap rise - and the sheep bought at $1.20 what they now can get for 60 cents. Obviously - their promises are as cheap as their shares, aren't they?
But no - they gained Pita Pit, didn't they ... haven't heard from them before, but they must be a great customer given that Plexure said so.
I understand as well that their leadership team used to leave in (well, small) flocks ... I am sure this is how you are recognising a successful start up, is it?
You clearly should put your money where your mouth is and buy all their shares ... but please - don't misconstrue this as investment advise.