I cant find this interview anywhere.
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Where do you get that idea from reading the Forbar update? It is clear as they cite "management" as the source, so obviously they've been speaking with management haven't they?
You say "speculation on their part" and "reading between the lines", so you reckon they just make stuff up and publish it to their clients?
How on earth are these statements Forbar "speculation"?
"We understand that the company is in the final stages of an RFP to win a substantial contract with a globally listed, multi-brand food retailer, with management expecting completion during 1H22."
"management has cited the global recovery profile and COVID-19 related disruptions as slowing the speed of new customer acquisitions in the short term, but remain sanguine on achieving its FY25 revenue target of NZ$100m, given the coup of recruiting two high profile international sales executives from competitors."
"After success with Indonesian supermarket Super Indo, PX1 also expects to onboard more AholdDelhaize (global supermarket group) brands during FY22."
"management confident of executing new contract wins, adding additional McDonald's markets,"
"PX1 is confident of changing its contract with McDonald's to align more with user growth on its platform, with resolution expected by September 2021."
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Look at the things we didn't know, and the specifics, that Forbar have mentioned. Where else could this come from than talking to management:
- final stages of an RFP to win a substantial contract with a globally listed, multi-brand food retailer
- but remain sanguine on achieving its FY25 revenue target of NZ$100m
- recruiting two high profile international sales executives from competitors
- expects to onboard more Ahold Delhaize (global supermarket group) brands during FY22
- confident of executing new contract wins, adding additional McDonald's markets
- confident of changing its contract with McDonald's
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Almost all of that is new information, or more detail about things that have been alluded to, but not in such specific detail.
How is all this "speculation" on Forbars behalf?
Just help us a bit to calibrate these amazing statements ...
From the 2020annual report:
So - board said 12 months ago they are very confident to secure new customers.Quote:
The Board remains very confident about the prospects for
the business and our leadership team and talented staff
are continuing to work extremely hard to meet our current
customers’ expectations, secure new customers, ...
Maybe their confidence is not that much worth?
Or - did they really only say that the board is very confident that leadership team and very talented staff work hard to secure new customers?
but sadly - very talented staff didn't work hard enough or worse - they worked as hard as they could, but this wasn't good enough?
So difficult to read between the lines, particularly if the future is involved ...
My father used to remind me that the job isn't finished before the paperwork is done. Being confident that something will be done is good, but not sufficient :), even for people who have a better track record than Plexure in being confident :p;
But anyway - I am sure you read into the report whatever endowment effect and confirmation bias will show you. After all - we are all human, but I am not a holder :p;
Baabaa - hope it all works out the way Forbar are saying it will. We will all be happy
I agree with Dalziel when he's quoted in the media as saying the market over reacted and shares are way under valued
I've written to Chairman Norman about how 'sensitive' material that apparently is not publicly available is included in an analyst report put out by Forbar ...pointing out that 'Management is cited' an 'management are confident' etc
Doubt I'll get a response but one never knows
Be funny if he comes back and says its just speculation on their part
Forbar commenced coverage of Plexure last March with what the media called a 'big call' with OUTPERFORM and target $1.58 (I believe it was headed "Plexure Group (PX1) Patiently Waiting for a McFlurry of Deals" or something like that)
Jamie and Ashton really got excited about Plexure - good on them
Come last week and the disappointing announcement they had to say something to 'justify' what they had written a few months - so as they say in the trade they added some 'colour' to the analysis - nothing more than that
Jeez I'm cynical sometimes .... but often cynicism is just being realistic
How many stories we need to see or read to fully understand the kind of deception these so called analysts and media put together for ....
Up to every one to be careful and cautious out there.
Put it this way - I have personally witnessed MDs/CEOs lied to the media, to analysts & to their broker mates. They will do anything when their back is to the wall or their $$$$ are at stake.
I recall an infamous case where a MD of a high profile company told all & sundry that his company was doing fine (after an earnings downgrade) and he was unavailable for further comments as he had a health issue which needed sorting out. He sold all of his shares via a close broker friend who regurgitated his assurances to investors. Share price collapsed 75% after it became known & the earnings downgrades kept coming.
Then, there’s Feltex where the company assured a broking firm & clients at a presentation all was fine a month or so before the company started going into receivership.
The ultimate of course was Plus SMS - now that is THE story of total deceit and skulduggery of the highest order!
Not saying that PX1 is in any of the above category at all but I always take what companies & management say with big pinches of salt, especially when they fail to deliver what they ‘promised’.