Definitely going to tune in to the call… we need more information on the mix of revenues here. $14m total revenue combined for 6 months…?? WTF! Sounds like TASK team are going to restructure this shipwreck though so that’s good at least.
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Definitely going to tune in to the call… we need more information on the mix of revenues here. $14m total revenue combined for 6 months…?? WTF! Sounds like TASK team are going to restructure this shipwreck though so that’s good at least.
Not much to cheer about, but going forward Plexure's culture, strategy and management will be superceded by TASK's, which has a much better pedigree and ability to deliver. I'm not prepared to press the eject button just yet - but the next 6 months will need to show improvement on all fronts.
The operational review has concluded that the previous strategy has not
generated material sales, and is no longer relevant in a group which has a
broad, state-of-the-art platform in the combined TASK + Plexure offering.
New broom really shaking it up. Encouraging proof of concept with the Pita Pit contract, both in increased scope and time extension. TASK knew about the $8.5m loss before merger, and still went ahead. The reasons for the merger haven't changed, costs due to restructure are a given and some nice contract wins over the last 3 mths.
This contract has now been revised and extended to include the full TASK technology stack, highlighting the benefits of the joint Group capabilities. Importantly, the combined TASK + Plexure platform is able to be deployed at significantly lower cost than the original Plexure-only offering due to the benefits of a single integrated solution. The extended contract (from 3 to 5 years) includes the addition of POS and kiosk services, kitchen video, digital signage, third party delivery aggregations (e.g. uber eats), online ordering, loyalty and a mobile app.
Seems to me that it's a SAAS that companies want and it's scaleable. Now they need the right team, and we all know what operational reviews and internal consultations are all about.
HE who laughs last, laughs the loudest.
https://www.sharetrader.co.nz/showth...imited/page346
[QUOTE=Balance;925536]HE who laughs last, laughs the loudest.
Didnt think it would take long for you to come out gloating
gloating
/ˈɡləʊtɪŋ/
adjective
- dwelling on one's own success or another's misfortune with smugness or malignant pleasure.
[QUOTE=RupertBear;925543]No - just a reminder of all the comments made by certain posters who thought they were so clever, when I cautioned about the McD contract.
I lost money with Provenco and do not wish others to experience the same with Plexure.
Fair enough?