Told you so like I told you so about ATM.
Ouch!
Ouch ouch.
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Plex re-affirms guidance $45-$47 million. That's saying H2 going to be massive, or a miracle however you want to consider it.
H2 will be including revenue from Task, where as H1 has only included revenue from Plexure as they were not merged during H1
Bit embarrassing and even bewildering……hard to believe there was such a ‘misunderstanding’ between CEO and CFO ………..a cynic might think that they were actually had withdrawn guidance but then realised there would be a HUGE market reaction if they did.
Plexure Group Limited (NZX/ASX:PX1) (Plexure) wishes to confirm that its previously advised revenue guidance for FY22 of $45 – 47 million remains in place. In the investor call this morning the CFO made an error in responding to a question that guidance was being withdrawn.
[QUOTE=Justin;925656]The pertinent question to ask as well is this - if TASK is such a shxt hot company, why hasn’t it listed on the ASX by itself given the demand for IPOs over there?
I certainly would not trust Plexure’s ability to spot a good business given how completely they have screwed up the company and shareholders in the process. The CR at $1.20 a year ago with all the lofty promises made to raise the funds must rank as one of the biggest flops of dual ASX listings!
[QUOTE=BlackPeter;925661]It's not a difficult question - most people have day jobs and don't spend all day on here.
TASK is not guaranteed to turn things around but they are a better proposition than Plexure on it's own, who would have went under otherwise. I didn't invest in Plexure but I looked at TASK as a separate entity and thought it was worth the punt. I still think that. There's many here- you may be one - who try and analyse relatively young business's using the wrong metrics. TASK have a good product, a good plan, have potential and good people. The 4 P's of early investing.
I expected this first set of results to be poor and perhaps the next one as well. The overhang from PLexure will take a while to deal with. In 12 months time it could be a turnaround story. Or not. I wouldn't- and haven't - put my shirt on it , but as I say, I think they are worth a punt. Their first job should be to drop the Plexure name and rebrand.