Wouldn’t he need to employed to exercise options?
At 20 cents I wouldn’t miss that opportunity
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Neither would I miss that opportunity!
Like I said earlier, we only know the Directors options holdings, not 'Key Executives' or staff. So we have no idea whether he has any options left to exercise. Maybe there's a disclosure coming?
Either way, I think the market jitters on PX1 are as usual overly dramatic. No one minds the market dramatics when the SP is going up and everyone goes Debbie Downer on them when the market dramatics are down.
I just accumulate, the market keeps giving me the opportunity. Maybe I'm the only one interested in the long-term opportunity for Plexure.
Sold 58% of mine with the rest then become 'free'
So my paper profit on Plexure has moved about a bit - from $1.35X to $0.66X where X is the number of shares currently held
Wasn't seduced by the cheap $1.20 ones in the capital raise either
Can be 'so down' on Plexure if I want .... still $0.66X up but but $0.69X could have been quite rewarding if else where but c'est la vie. Hold a bit longer because the big payday might just be around the corner ...like next week
You are not alone, bro.
Andrew looks to have had 10 jobs in the last 22 years, so had a good innings at PLX. Reckon he'll be looking for a CEO job next, he's probably in his late 40's and there's no chance of climbing the ladder at PLX.
Share price 65 at the moment
Hope it holds else we will see a new lower low in this pretty calamitous down trend
Always good to be cautious until PX1 lives up to its promises.
FWIW - I've taken some profits and reduced my holding to 'free held.' Only 6% of my portfolio these days.
McDonald's first-ever U.S. loyalty program will launch nationwide on July 8.
Fast-food chains are looking to rewards programs to hold onto the digital customers the companies gained during the pandemic.
McDonald's is also looking to use the loyalty program to add a personal touch to the customer experience.
PLX is trying to carve out a niche in CRM, and the market is mind boggling huge. Just look at Salesforce’s revenue rising from US$21 billion in 2021 to US$ 26 billion in 2022… huge bucks in these cloud based Filofaxes. Can PLX do it? Reckon if they land a couple of decent contracts, might be the next Salesforce acquisition, fingers crossed.
This news is interesting. It makes me wonder If Plexure has involved in this program. If so, this could be a potential opportunity for Plexure to convert its contract with McDonald from site base to usage base.
Here is another news earlier this year about MCD's loyalty program.
https://www.cnbc.com/2021/02/03/mcdo...-program-.html
The snippet below from the news makes me wonder more whether Pleasure has involved.
Quote:
The loyalty program is one part of the company’s new “MyMcDonald’s” platform, which ties together its various tech investments, like its app and digital menu boards, and make it easier for customers to order and pay for their food. Like many other restaurant chains, the coronavirus pandemic has led to a surge in McDonald’s digital orders, further accelerating the trend that was in place before the crisis.
The fast-food giant has successful rewards programs in other countries, like France, but this is the closest it’s come to bringing one to its home market.
I think plexure signed most of Europe countries include France
Forgive me but I thought the current PX1/McD agreement was limited to Japan and excluded USA?
I would have thought that if PX1 is driving the MacD's loyalty launch in the USA, then this info would be materially significant to PX1 holders and announced accordingly??
The fact that PX1 is silent is a concern..... hope I'm proved wrong.
Plexure say they work "with McDonalds in 63 markets around the world". My understanding is that the USA is not one of them.
This information about MyMcDonalds loyalty app exploring loyalty, personalisation and mobile pay, was first broadcast in November last year as McD's announced they were beginning testing (with quite a lot of USA stores). It was further updated in the Media during February 2021.
Since then, the testing has concluded apparently and they're going live across the USA stores with MyMcDonalds.
I would expected to have heard back in November, or latest February, if Plexure were working with McD's USA to integrate Loyalty, Personalisation and Mobile Pay ... which they didn't announce.
Conceivably it could be Plexure underlying technology and they did not announce due to sensitivity to McD's testing programme and the potential that it did not go any further. If so a Plexure announce could happen soon now that McD's have announced.
However, I seriously doubt that Plexure has any role in the MyMcDonalds USA rollout. Happy to be pleasantly surprised, but I am not expecting it at all.
McD's USA has never been a customer. If you look into the ownership model of McDonalds worldwide, you'll see that the corporate parent owns relatively few stores and does not dictate the information technologies that store owners (franchisee's) use. The country parent has more say in their country, than the Corp from my observation
Do people realise or know how 'sticky' these Apps are, and particularly the back-end platform technology (where the real magic happens)? Once they're installed and running marketing campaigns, getting the customer to change platforms is massively disruptive.
Not to say it can't or won't happen, it's just not as easy as you imply. I don't understand why now you think this undermines Plexure's credibility ... nothing new has happened with McD's USA ergo, you'd have to say that credibility in your eyes was undermined long long ago?
My guess is that if Plexure hypothetically secured all McD's worldwide, there'd be a whole new bunch of reasons to moan about them, like the chorus of "single client risk" which some say is already excessive.
I would agree with everything here.
PX1 have agreements with McDonalds in many countries but US hasn't been one. I would like to hope that Plexure has something to do with this MyMcDonalds app but I think it's unlikely. And if it were happening, I would expect to see a bump in the SP by now. News leaks out and PX1 can move on pretty low volume.
I’ve been doing a bit of research on Plexure over the last month, and have a question Baa Baa.
Can these guys can deliver a product whereby a business/client can “bolt on” their tech under a SAS model?
Thanks
SAS as in SAS [ https://www.sas.com/en_my/home.html ] ?
or did you mean
SaaS: Software as a Service
or did you mean something else ?
Special Air Service?
Scandinavian Airlines Systems?
etc...
My naïve assumption would be that Plexture could invest a chunk of money developing a marketing app thing for an international company like McDonalds and with a bit of tweaking it could be rolled out across all the branches/franchises across the world. Sure, you would have to change the language, the pictures of chubby smiling consumers, but the basic thing would be reproducible. Afterall McDonalds, for example, sells exactly the same unappetizing stuff in Paris as it does in New York. If you have spent a chunk of money developing a McDonalds marketing app for Japan and McDonalds USA thinks its better value to get someone else to develop a McDonalds marketing app for the USA, what exactly has Plexure developed for McDonalds? If it doesn't transfer between countries, how well does it transfer in any other aspect? Are they developing anything of any value or are they just a service industry?
Let's do some fact check before we guess what's going on here.
https://www.nzx.com/announcements/260004
It seems the US market is part of the deal. I only remembered the CEO said China is the big market excluded in the contract with McDonald. Please correct me if I am wrong.
If Plexrue has involved in the loyalty program implementation, I don't think Plexure will need to disclose anything before the program has successfully rolled out.
Within such a short timeframe for McDonald to roll out its loyalty program, it must have leveraged some of its existing technologies to achieve that.
I can speculate that Plexure would have some involvement in this program. The involvement could be to provide new API access to Plexure's platform. It could be some changes to work with other systems in McDonald. Who knows...
Plexure kept getting a large chunk of non-recurring revenue from its customer in the past years. Especially, there was a huge increase in non-recurring revenue in FY21 as quoted below.
Considering there were no new clients for Plexure in the past year, Plexure could be working on some projects for its existing customers.
I think my speculation is somewhat reasonable. :)
Quote:
Recurring revenue (representing
licence and support fees) increased by $2.199m or 14% to $18.315m,
while non-recurring revenue increased by $1.929m, or 22% to $10.835m.
Good post.... I hope you are right.
I would simply like PX1 to keep shareholders better informed.....instead of having to speculate.
Have been requested by Andrew to post the following on his behalf.
By Email Fri, Jun 18, 12:10 PM - verified.
************************************************** *****
Hi all - its Andrew Dalziel here the CFO of Plexure.
Just thought I'd let you know that there is nothing sinister behind my departure. I have been commuting from Wellington to Auckland for 5 years. As my children have gotten older its been become harder to manage the home life (sports / school etc) so I have chosen my family over my current role.
I first joined Plexure in August 2015 to help with an ASX listing. It finally happened in 2020 so its a good time to leave. There is $42m in the bank as at 31 March and the Company has good prospects so its time for someone else to have a go.
And yes I will have to sell some shares to pay a tax bill at some stage but I'm still going to be a holder (as I was before I joined the company).
So thanks for all the support.
Regards,
Andrew
All the best looking after the family Andrew - the kids will love having you around more
Great to hear your viewpoint Andrew.
I wish you well and thank you.
I have called Andrew and spoke to him, he said Good Luck to me :)
What does that mean?
That's sad.
Well, last time I talked as a share holder with the CEO of a loss making startup (different industry and different country) he wished me "Good Luck" as well at the end of our chat. After that discussion I sold out and the relevant share price kept dropping.
Anyway - probably just a coincidence and enough said ... you need to do your own research :p ...
Intriguing sort of statement from the company & CFO imo.
Why?
It's clear that the company keeps a close eye on this thread (a good thing) and decided that there's enough concerns expressed about the way the CFO is leaving for PX1 to issue a clarifying statement to try & allay fears.
There's plenty of concerns expressed about how the company has failed to land another decent deal (after the wink wink nudge nudge during lat year's capital raising & listing on ASX) so why not do the same to allay fears?
I also corresponded with Andrew after it was announced that he had resigned, as I have done from time to time over the past few years. He was unable to post the comments himself for some ST login reasons. It is word-for-word what he wrote (email) to me on 18 June.
He was not compelled by the company to put out that message, rather he personally thought it the right thing to do as a significant shareholder, in consideration of the speculation here (which imo was typically suspicious and cynical.)
He has other messages as well, but it's not for me to relay them, he may do so himself if he can get logged onto ST.
I thanked Andrew for his excellent work while at Plexure, including completing the ASX listing which he mentioned and wish Andrew all the best for his next endeavours.
Looking like there’s a bit of support here at these levels. Maybe a bit of “buying when others are fearful” going on?
It always is in a downtrend. Lets face it, why would you otherwise buy into a downtrend? Sometimes the buyers win and sometimes (statistically more often) the sellers.
However - looking at the chart, it does not appear that there are currently too many fearless buyers around, doesn't it? Ongoing down trend - fine example for any textbook.
Attachment 12684
There always is in a downtrend (buying going on when others are fearful), otherwise it would not be a downtrend, wouldn't it? Sometimes the buyers win and sadly (for the buyers) more often the sellers.
However - looking at the chart, it does not appear that there are currently too many fearless buyers around, doesn't it? Ongoing down trend - fine example for any textbook.
Attachment 12684
It’s a downtrend until it isn’t.
Email 2.52am today
Plexure signs deal with Pita Pit
Post on FB - https://www.facebook.com/plexurelive
Re 1 year relationship with Superindo - "Here's to the next phase of our partnership"
André Gaylord from Genesis joins Plexure as CFO.
https://www.nzx.com/announcements/375067
In a few days we find out who’s been behind the McDonald’s loyalty program development in the USA don’t we?
here’s a link to the CNBC article about it
https://www.google.co.nz/amp/s/www.c...e-in-july.html Read the whole thing, particularly the last three paragraphs it mentions tying together it’s tech investments
Due to come to life again?
Thanks for this.
I thought the US used a different company to run its app...?
If McD used Plexure to produce the US app, then it would need to be disclosed at the time Plexure was awarded the US contract?
Question marks cos I'm just mulling things over...
cheers
yes I believe they use dynamic yield for their US platform plus probably a couple of other partners. However it is possible that being a shareholder in Plexure has encouraged McDonald’s US to maybe start using Plexure for the US investments in tech and platforms. Just a speculation, however I noticed yesterday that volume was above average and on a green day, not by much but it’s something… maybe someone knows something?
quite happy that I loaded up at 0.68 .
Hmmm ..I'm asking myself the same question...watching this pup closely as it getting close to start firing medium term buy signals. Whether it does or not is another story...The early June rally creating a couple of buy signals was a misfire, so this time caution is needed..
Chartwise because of the rally misfire PX1 is trying to cement in a double bottom pattern. A confirmed double bottom pattern** (Adam & Eve type) will have a target price of 95c if the price rises above 80c [breakout](confirmation price).
**Bulkowski says..buying in before the DB pattern is confirmed has a success rate of only 1 in 3. so this is a pattern to wait until after it has formed (confirmed). Once this Bullish DB pattern is confirmed the failure rate is 17% in Bear Markets and only 3% in Bull markets... After the breakout there is a high 68% chance the price will throwback to the breakout price before moving up again (second chance buy in).
Disc: have none
Do we know what the Pita Pit deal was worth yet? And did Plexure design the Maccas rewards loyalty program?
Must be some form of update soon. This has been a very quite place for awhile just speculation
That's interesting, thanks for posting. Look at the companies Plexure is listed with as "Major Players"!
Major players: AMAZON WEB SERVICES, INC., NVIDIA CORPORATION, GOOGLE LLC, WALMART INC., IBM WATSON GROUP, MICROSOFT CORPORATION, PLEXURE LTD., INTEL CORPORATION, QUALCOMM INC., SAPÂ SE, SALESFORCE.COM INC, ORACLE CORPORATION, MANTHAN SOFTWARE SERVICES PVT. LTD, SENTIENT TECHNOLOGIES HOLDINGS LIMITED, FOCAL SYSTEMS INC., and VISENZE PTE LTD, amongst others.
If you are still holding onto Plexure after the half truths of the cap raising and promise of new customers, i can get you a referral for a checkup.
Holding has been significantly reduced however I still "believe" something will come for this one. All good things take time ;)
I think there will be a BIG announcement about the new HUGE customer on Monday
Monday first trading day of August - seems about right
Do you have a crystal ball, a lot of faith, or insider knowledge?
I'm a holder, but certainly requires a lot of patience and discipline.
Oh well, nothing said yesterday
Probably need to wait another year
Craig seems to have gone into hiding …been very quite on the media scene of late
Probably too embarrassed to show his face
Did see that Plexure was named as Top Key Player in Artificial Intelligence in Retail Market Report, which states "The artificial intelligence in 3retail market is expected to grow at a CAGR of over 35%, during the forecast period (2018 - 2023)."
That’s pretty cool …better hire more staff
Plexure Group Limited (NZX & ASX: PX1) Chairman, Phil Norman, today announced the Company's Chief Executive, Craig Herbison, has resigned with immediate
effect from today, 4 August 2021. Mr Herbison has also resigned as a Director of the Company with effect from the same date.
CEO resigning with immediate effect to..."focus on other priorities, including my young family"
I do believe other similar occurrences have been followed by scandals coming out, hopefully not here. Maybe they will be able to entice someone with experience growing a tech company at scale over to NZ given everything happening around the world?
How many shares does Mr Herbison currently hold?
Was this the big news W69 was telling us about. I didnt know it was going to be bad news, Winner!
Dont mind Herbison leaving because lets be real he hasnt really executed. The issue is as mentioned above 'leaving with immediate effect'.
Finally! A shot in the arm for plexure, or a shot to the head. He’s been very quiet though, hope he’s ok
Could this actually be a good thing for Plexure? To be honest I never saw Craig do anything special apart from a few basic pitch webinars..
Jeez all those heavily discounted shares punters got at $1.20 just under a year ago are now only 50% of that
Great story they told back then …great opportunity today for believers to top up
Yep about 60 cents a great price
Time Phil Norman went as well. He’s been around Plexure far too long (>10 years)
What he’s presided over in the last year or so has been a disaster
Xero went to great heights after he left them
C’mon Phil, time to go
Buyers at A$0.41 on the ASX
Maybe Craig has gone to join Andrew at Kami
Kami bigger (revenues) than Plexure
Those of us who have followed the company a little longer will remember Craig stabilising the company when he arrived 4 years ago and stopping it from going under back then. I do agree the last year has been a little slow moving, maybe the cause of him leaving.
All the best to him, we probably wouldn't still be afloat without him, and let's hope the replacement is better suited for the next phase.