Are they TANKING?
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Are they TANKING?
Share price has fallen a lot since TASK took over
And that cap raise at bargain basement price of $1.20 doesn’t seem that long ago.
Need them to announce another win or two in next week or so to stop share price sinking into the 20's
Last year Annual Reporting date was announced 5th May and the Report released 20th May. I'm more interested in how close to guidance they are (now withdrawn).
This will imo have more bearing on the share price than announcing a new win at the beginning of the FY22/23 year, unless it was something humungous like Super Indo full rollout, or Ahold Delhaize adopt TASK/Plexure.
Market has ignored all of the previous Task "wins", so thinking it will somehow be different with another "win" might be optimistic. The the pachyderm in the room is NO deals from Plexure for donkey's ages.
On the bright side, Plexure/TASK shares are at a good level to accumulate, get 4 - 5 shares more now than at the peak price or the capital raise.
The new owners and major shareholders of Plexure will be pissed about the current share price, probably scratching their heads about what to do about it, cos nothings worked so far since the merger.
PX1 share price into the 20’s
Maybe even go into the teens by end of year
Hope they don’t run out of cash and need another cap raise ….at 10 cents
This is getting worse by the day
I remember paying $1.20 for the last cap raise, thought it was a bargain when the SP was $1.50.
Saw it all crumble away until i got out at 60 cents. Boy did i learn a lot. Didnt even know what I was investing in to be honest. All good, relatively cheap lesson learned. And hey- getting out at 60 is better than 20 cents something
I bet the new owners that got paid millions to take over this mess still laugh when the look at their bank accounts.
April 2017, that's when I brought in, 21c, nice 7 bagger, until it rained, and my bag was a paper bag, and I'd just done the shopping, and now all I have is a broken aubergine on the pavement.... and then I wake up and find it's all a dream...I wish lol
Go the All Blacks, bring back the crowds!