Thanks to Baabaa's posts for bringing this stock to my attention.👍
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Thanks to Baabaa's posts for bringing this stock to my attention.👍
PAR shares done OK over last 12 months
https://www.youtube.com/watch?v=U2dcIXNANkI
https://www.youtube.com/watch?v=7SqYhJxQVTM
I do see this as being a really interesting next month in study. Initial thought is I am disappointed at the amount offered, as I feel Task will be that value AUD $0.80 ish within 18 months. Right now The Houdens are just getting a quick double on their money overnight and are not thinking what is best for shareholders. I own a load of these shares and feel conflicted. I made loads of money (on paper), but is this best for the company?
Similar thoughts. Was hoping this would be more than a buck in 2 yrs or so, didn’t expect the Board would recommend the scheme. Sure they could’ve negotiated better outcome for shareholders, guess they don’t care.
Bit of conundrum now, what to do with big payout. Haven’t got anything decent to invest under current market conditions.
So we’ll never know if Plexure/Task ever become a great company
Does anyone know whom I should contact to find out the SRN for my holdings? Thanks
TSK always had the huge promise of potential. But don’t forget about how avg Q3 update was. FY24 was turning out to be a bit of a avg year by all accounts.
Board and Houdens accepting this… well maybe that says it all. Maybe USA was tougher than they thought it would be and easier to take the money rather than battle there for years and years.
There are hundreds more microcaps on the ASX to have a sniff at. Don’t forget TWR lol
well it can be if you want to take the money and dump it all in PAR
Or take half profit and risk another half in PAR.
• Mixed Consideration - Alternatively, under the Scheme, TASK shareholders will have the opportunity to elect toreceive up to 50% of their consideration in shares of PAR common stock (PAR Shares) at a ratio of 0.015 PAR Sharesfor each TASK share held (Share Consideration) with the balance payable in Cash Consideration (MixedConsideration). Based on the closing price of PAR Shares on 8 March 2024 (Eastern Daylight Time) of $US43.41 perPAR Share, the Share Consideration implies a value of A$0.98 per TASK Share.
No, we won't will we. Another NZ success story, sold (bought!) to/by an Aus predator (at great cost to shareholders) and now being sold for a song a few months later.
Bloody disappointing the Houden elders capitulating for their 5x revenue multiple and a comfortable (very) retirement. Should've sold ages ago when this turned into a family business with old people as the majority owners.
In hindsight this was just their exit strategy and by gosh, they've executed it very cleverly, unlike us minnows who get a wee boost on their buy out share price and no realistic involvement with the future.
I'll be voting NO, but my shareholding won't make a dent in the concensus.
Looks like it's all over for me and TSK, unless some of the fine print conditions are triggered and this doesn't go ahead.
If the Houden elders are capitulating then you don’t want to be around if it doesn’t go through..
Not surprised this has happened, however very disappointed how Houden and Co have rolled over. I am guessing the new suitors got to look at the books and see how business is tracking (more than we have got to see) but it seems they just want out. Small Shareholders again get screwed. Of course I am happy with my win, but this had great potential and Task was only in its Infancy setting up the scale. I wonder how this impacts the MCDs contract.
Still good volume at high $0.70's on ASX today
McDonald’s has agreed to the takeover as they needed their ok it to go further. McDonald’s has a history with PAR and is happy with the transaction. So that is maccas and the Houdens that approve the takeover, what percentage does it need to be to be fully agreed upon. I can see the share price going above 81 cents as PAR would prefer people having the shares rather than the cash.