Means it’s safe entry point now?
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At least it didn’t close at the days low
Good sign
No worries
[QUOTE=winner69;883031]At least it didn’t close at the days low
Good sign
No worries[/QUOTE]
Oh Goody No Worries Winner is back :t_up:
Once a raising star now a shooting star....
I just love the title 'plexure surpasses market guidance'
- only a loss of 5.6million instead of 5.8.. lol
You experts out there - whatever came of the discussion you had on the news of apple disabling companies from tracking phone users
Is there more to it than meets the eyes and this could be one of the reasons for the steady decline - whcih started about that time
There used to be a linkedin post from Craig on this but I cant find the original right now so here is the reddit version:
Plexure should benefit from apples new privacy feature. : NZXStockMarket (reddit.com)
Would be interesting to know if this is still relevant today as the apple privacy settings have been poked and prodded from every direction, the final roll out may look a lot different to the draft model.
EDIT TO ADD: It might also explain why some of these "new customers" could be reluctant to sign on right now
Geez winner, we're really screwed now eh? Down another 15% in the last week, not including today. Not far off the Covid low. That'd be an eye opener! Might be breaking out the dry crusty wallet at this rate.
Soon will be when even the most desperate decide to quit their passport to profit and sell their shares. Capitulation might be a ways away but the desperation sale is beginning, it's soon enough.
Nothing wrong with being 'just a marketing company'.... if you can make money from it.... Google and Facebook make the bulk of their revenue/profits from 'marketing.'
PX1 was always a risky small cap tech stock IMHO....... it may still deliver, however in the absence of favourable news and evidence of sustainable growth I've taken profits, de-risked and lowered my DCA to negligible levels. 8% of my portfolio and up over 150% on DCA.
From last herald interview in March this year. Plexure Ceo Craig said will announce the new customer in first half calendar year. Only two months left.
Nice Justin maybe that can get it back to 90c-1$ lol.
Up 8% on announcement that they will announce results soon.. haha.
who been buying the dip?
Plexure is my only more speculative share in my portfolio, but makes it close to 20%
I have stopped averaging down when it dropped to 87 cents.
I continue to believe, hope, and pray
Plexure also advises that its 2021 Annual Meeting of shareholders will be held on Tuesday, 21st September at 3pm (New Zealand time). The meeting will be a hybrid meeting with the physical venue still to be confirmed.
will the physical meeting make shareholders exciting?
Plexure still employing? I think some of these roles have been filled.
https://www.plexure.com/careers/job-vacancies/
New names are great, but when their function still remains the same what's the point? I've worked of an organisation that has a Director of People and Culture, not a lot changed, seemed like they just attached themselves to the social club. But in saying that, I know that some organisations have pulled it off well and created a great work place for their staff thanks to People and Culture staff.
I suppose, if it's pulled off well within an organization. Kind of like the governments new Minister for delivery and implementation unit, only effective if the end result is "delivery" otherwise its just being wishy washy with words.
Back on topic, are we drawing the conclusion that Plexure are struggling to hire or that these are new growth hires?
Feels like No. 1 (i.e. struggling to hire).
They are hiring already for a long time - and remember that they said some months ago that they saved money (i.e. lower burn rate) because they couldn't hire the people they need? Pretty sure the same is still true.
I worked in the Software Industry as well - and hiring good SW staff, IT people and testers used to be difficult even with the borders open. Roughly 2/3rds of our recruits came from overseas ... NZ Universities might be good in turning out Bachelors in Tourism and Masters in Maori language and while they turn out as well good quality technical graduates, but unfortunately it is ways less than the industry needs.
So - who would want to work with Plexure?
Graduates - as discussed not enough around (and PX1 are anyway looking for senior people).
Overseas candidates - we don't allow them to get into the country.
Local experienced people: Why would a capable and established Analyst, SW developer or IT staff leave whatever job they currently have in NZ and go to a company where the future is quite uncertain?
Unemployed top notch technical staff: Yeah, right.
Tough hand, I'd say ... but hey - look at the bright side, they will continue to spend less money for staff ... small disadvantage that they won't be able to build whatever they want to.
31 March 2021 Revenue expected to be $29.2m.
if we could beat Plexures own revised revenue expectations that they re-announced 9th March.. that would be real nice for the share price.
We will find out on Thursday. Looking forward to it/slight nervous.
EXACTLY! The directors pumped this company up as the next shining light that is going to be the answer to all fast food prayers in Covid-19 times and beyond. The future!!! While I think the product is good the long lead time to deliver new customers and the lack of announcements doesn’t look good. It suggests that prospective customers have not signed up – either they went with another supplier or they are still sitting on the fence. Plexure need to close some of these deals. Seriously, with the raving reviews they had from customers they should easily be able to pick up other customers
Going to be a big brain drain to Australia they say
Plexure May as well raise another $20m and pack up and move to Australia.
Might be better sales people over there who can close huge deals
Don’t they already have an office over there? They have an office in USA...
No I don't think they have an Australian office, HQ is Auckland and they have another office in Chicago.
Annual Results announce on Thursday this week. Imo this SP has a MO that it's better to have some going into the announce rather than trying to buy into the news (if it's good) as the SP can really bolt upwards and get away from you quickly. Just hitting guidance would be fine with me. Exceeding slightly even better.
Will they roll out to more countries of Mcdonald?
I agree, I'm definitely holding into the results, the market is literally expecting nothing in terms of announcements from this earnings (or worse) any small bit of good news, or a beat of their own guidance would send it rallying 10-20% easily. I've seen it many times before with Plexure, almost every earnings over the last 5 years...
Tomorrow is DDay... either way we will see a big move.. exciting stuff!
Yip a bit nervous tbh
This is real bad news ...really worried now ..... especially hearing that our beloved Herbie is also relying on hope.
. “Market conditions improved in the second half of the year. However, several deals stalled in the final stages, although we remain confident that they will come to fruition,” he added.
With little hope of any new customers in the foreseeable future and only modest growth (except the sky rocketing wage bill) we could see share price of 50 cents next week as punters just give up
The fact they said "positive", not "confident" is a massive red flag in my view.
Seems the highlight of te year was being able to extract $32m from many who fell their bull****.
It's a wonder Herbieson is brave enough to front up to an investors briefing today
Looks like all the talented people they are getting are going to get heaps more
They say - Changes made at an overall remuneration attractiveness level
can live with that but they don't deliver much
One gets the impression that a lot a spent on just keeping what they've got going and up to scratch
Cash burn not too bad IMHO. Pretty typical of tech start ups.
Here's the link for those interested.
(Currently only 9% of my portfolio, and in profit.)
This is going to tank to at least 60cents now i bet. What an absolute blunder.
OMG what a terrible slide - at least being up front about slowing existing business
In store redemption slowing
short term services at risk - no staff
ceasing some products
....
and potential new customers just back to following up new leads
Bloody hell
The more I read the worse it becomes
http://nzx-prod-s7fsd7f98s.s3-websit...460/346351.pdf
'At this stage we will note be providing any guidance .....
Amen
Reality starting to hit home
Of the beloved Herbie series of movies, we don't want to see" Herbie goes bananas".
Just "Herbie fully loaded", &
"Herbie rides again".
From what I have read so far, the only negative (albeit a fairly big one) is the confirmation of no new customers or revenue streams but the rest seems to be in line with expectations of a small tech company in its growth stage. For holders, this was always the "gamble" wasn't it? At this point we are purely betting on a new customer announcement to bump the share price.
The question now is - do we sell out under the outlook of slowing revenue growth from the existing client base, or do we continue the gamble once again in hope they can finally close a deal on a new client. Getting impatient..
Bugger!!Thought these guys were onto it?Tough time for business everywhere thanks to c19 but they will need to smarten up their act quickly just to remain competitive
Seeing whats happening to companies due to Covid impact ...I think very soon markets may start giving more respect to ( by better multiples ) companies doing well in spite of Covid . IMHO now all know that this covid impact is not going away soon ...we are not going to be returning to normal in next 3-5 years ...so why need fight the bigger picture ... Embrace the writing on the wall ...Not all can or did manage covid change well ...flock to which passed that test :D
Amazing what hype can do to share prices .....and not surprising what happens when the hype meets reality
Time to cut some losses I think and look for value elsewhere. Not going to sit around and “hope”.
Bugger bugger
Are all saying 50-60 cents as a start? Or maybe 60-70 cents
LOL - the one and only analyst researching Plexure (on market screener) has a "consensus" SP target of $1.58 and a straight "BUY"(10/10) recommendation.
Sort of wondering whether a review of this recommendation might be timely?
Crikey, we are both 'well positioned'..... our DCA well below the current options offered to staff! :cool:
See it here.
This is a really important point. If you are going to buy and hold something remember that the actual dollar value you pay isn't the only "cost", but the opportunity cost is even more significant. If you have a system you can cut weaker plays and make back what you lost and more with something more volatile to the upside.
Just wondering whether their presentation might be a bit disingenuous? They present across their slides lots of good and healthy looking slim young people. Wondering whether they borrowed the models from HLG? Wouldn't it be their ultimate business goal to turn all of them into a bunch of obese fatties? - I guess how else would you increase the turnover of any of their junk food producing customers? "Do you want an extra large portion of fatty fries and a bottomless sweet coke with that?".
Have to laugh at the degree of negativity on this thread. They have enough cash to support at least 4-5 years of cash burn. Imagine if in the next 12 months they just sign 2 new customers from the several they hope to come to fruition and revenue for FY22 is maybe $32-35m and the loss back down to maybe $2-3m....what will the punters think then...FY23 might be $40m revenue and breakeven again but with a growing business.
At 65cps the enterprise value of this business is only NZ$70m....seems like reasonable value to me if you think they can actually grow the business. Six months of disappointment does not mean they are a dead dog.
Clever they issued that many additional shares, this reduces the loss per share :): Still - Negative 4.6 cents per share, this is a 15% higher loss than as per analyst forecast. But hey - higher must be good, isn't it :confused:?
Well said, looks like a lot of nerves nellies out there. It takes a while to go through full RFP process with any potential new customers and once things are in place there could be flurry of new sign ups. And remember it was pretty tough year last year and things are still pretty scary in some parts of the world.
Well if you are a buyer, and have read all the doom on this thread this morning, then you would be holding off for a lower entry.
I agree, I see the light in the end of the tunnel, I was being short sighted earlier, I’m holding and not giving a **** for at least the next 3-5 years. The chances (not the hope) of signing a couple of big customers in that time are huge. Also they are increasing revenue just on their existing clients as we speak. They just need to do their job well and all will be fine in the long term.
You are right - they might hit next month or next year or next decade the jackpot and everything will be well.
Unfortunately - the odds are not in favor of holders. While there are spectacular examples of startups who generated at some stage lots of value - it is overall only 4% of all companies who manage to increase shareholder funds on a long term basis (and this is from an US survey, I think internationally the number is still smaller), while 80% of all startups tend to bite the dust sooner or later.
Plexure (and however they have been called before) is now loss making for a long time (but the 2020 exception) and only surviving thanks to shareholders regularly drip feeding new capital.
What makes you think that Plexure is one of the lucky four out of hundred who will thrive?
Anyway - good luck to holders.
Revenue increased. Not all bad. Trading 3.7x sales. For a tech company that is cheap.
All it is going to take is a couple of new customer signings and it will be trading back over $1 buck. Did I read that they were confident that some in the pipeline would be finalized?
As pointed out above they have enough cash on hand to see through a few more years. I am confident that a few customers will be signed up in this period.
Unfortunately I am sitting on a loss with these but I don't see any point in bailing now as nothing has really changed.
"What makes you think that Plexure is one of the lucky four out of hundred who will thrive?"
One can never be certain of anything in the investment world, having said that, a few things suggest Plexure can be in that 4%:
- have been alive now for over a decade and have a real product with customers and revenues.
- basically a $30m revenue business now
- $42m of cash to fund development plans so about 4-5 years cash = no need to raise capital and time to execute on their plans.
- McDonalds own 10%...immaterial to McDs but they are not mugs and wouldn't have bothered unless they saw real potential
The main concern that would probably put them in the 96% of startups that fail would be if McDonalds ditched them and they couldn't recover. The likely outcome then would be scaling down in a hurry, burning cash, and then morphing into a different business (reverse takover) with the shares being worth a few cents etc.
As I wrote a while ago, the McDonalds' deal imo is a cash & profit bleeder and everything which has transpired since affirms in my mind that the deal is indeed a bleeder.
The deal has given PX1 credibility but the credibility gained was a double edged sword - the negative being that PX1 is locked out of marketing & offering its services to other fast food companies (save White Castle which was presumably WIP at that time).
PX1 must use the credibility to land more deals (outside of the fast food industry) to scale up but so far, I can only see staff numbers and costs increasing (as I expected) to service the McDonalds contract without any additional contracts being won?
So looks like it is still a case of waiting (or hoping) for PX1 to land a few more highly profitable contracts outside of McDonalds & the fast food industry. What are the chances given the promises made of new contracts last year (when PX1 was raising funds) and the company is now not giving guidance for the year ahead?
Not a surprise, the whole point of the cap raise was to give them money to invest. I'd be very confused if expenses didn't increase significantly.
I must admit, I'm a little disappointed by the limited mention of super indo in the results. They confirm McDonalds is still 94% of their revenue, I was hoping super indo would become more sizeable and expand into sister companies in other markets but no commentary on this. Most only be earning a million or two from them at the moment.
That's because the McDonalds' deal is a bleeder imo.
Shareholders better hope that PX1 lands some contracts soon as we have seen similar things happen with Provenco & Wynyard, when initial high profile deals (requiring high ongoing servicing & maintenance costs) did not lead to additional profitable deals.
Plexure not really a tech company ....more of a marketing services company who use some tech
And an expensive services model to boot ..with an ever increasing number of expensive people to keep things going
Looks like they are trying to negotiate a better deal with McD... Perhaps based on users?? revenue up 15% but App users up 23%
"2. The contract with McDonalds (which accounts for 94% of Plexure revenue) doesn’t align revenue with usage. Solution Dcurrently in contract renegotiation with McDonalds on pricing."
Suppose it will all depend on the added value the app users are bringing to McD to how successful that negotiation will be...