Nothing like a success story is there
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Nothing like a success story is there
They were oversold down to 0.4's after Task acquisition. Trend flatlined, very low volume sales were all that really deflated SP from 0.6 /0.5's (see historical volume trades crossed against SP trending momentum). Sellers starting to recognise and gain confidence that the dip has formed plus new contracts announced. Market since stabilised and rally's up off lower dip trough. Pretty standard, was always coming after such a large 35% discount off previous SP level on offer. We are happy to have acquired more.
2022 looking good. Dan does have a good proven track record. Positive for PX1/Task collaboration will see benefits for the company. Was a smart decision to join both companies. Steady hands often catch the first 20-25% reversal bounce, then the second subsequent 20% rally . Will likely see more funds find there way to PX1 as investors see opportunity and beating market trends, (bargain hunter buyers) who diversify more of portfolio out of for example energy stocks etc that will take a bit longer for a recovery due to dividends not being quite as appealing as previous. General global news and WHO comments already coming out that might have been a bit premature and an overreaction out of caution to effects of Omicron. World slowly but surely will learn to 'roll with the punches' as each new seasonal variant arrises (it's not anything new in that aspect, similar to influenza/ yearly flu shots). Sporting events will become a part of our normal lives again as will everything else.
Unless traders jump in today will likely see low stable movement today. Followed by another push rally up to the 0.5's end of week maybe. Those on the fence waiting to see direction that haven't yet but would like to get in on the dip, sense of motivation will likely be stronger as see 0.45 level broken (and sustained) pushing past 0.46. Then will likely find a bit of sticky resistance around the 0.52-0.55. Unlikely will surge past this level until further positive updates, extensions of contracts to more venues and continued forward momentum. However if this happens sooner and Task really is proving itself then that might be key and could see SP rise sooner than we might think. When tracks back into 0.60's/0.70's (where it was at only 2 months ago). 0.50's will most definitely be looked back upon as a buying opportunity soon to follow. Remember the SP only momentarily dipped down to 0.5 level when Covid first completely rocked the markets in March 2020. Then rallied to $1.50. Now has touched down on double lower end trough. When SP reaches back to even just 0.70's, would be a 50% return on today's SP. Not many stocks have that potential currently (while securing good potentially extensive contracts /see links in posts above). Hence the attraction for value buyers looking for strong returns in shorter time frames. Once the market catches on and sees PX1 has stabilised found its dip and is rallying, combined with positive announcements will see more volume trading, which in turn will attract more confidence and more volume in turn driving SP back up to where it would otherwise comfortably be sitting. Not going to go as far as making calls for peak $1.50 just yet, (far too early). But 0.70 level is conservative and the first port of call quite comfortably.
Will likely see some of the volume that was hoping to buy in at just passed bottom of dip, realising they will need to up their bids to not miss out on getting in sub 0.50
Hmm ... so far this looks to me like an unbroken text book downtrend:
Attachment 13287
Nice to hear what you hope for what might happen in such a detail, but unless you have some insider knowledge you want to share with us ... it is just that - hope. If they find a way to make more money from their customers than they spend into them, they might be in the long run successful, otherwise there might be some hype driven jitter and long term they will fold.
Only a few read this forum to help share info/news to each other (maybe a couple of other analysts). There is not a strong following, far from having any effect on the NZX. More likely investors and analysts are simply starting to see the same as us. Also takes a little while to flow on through media to mainstream. ie Sports venues and Tasks signing etc
Duly noted. 12 wk EMA will be first to break @ 0.5. Recent MACD, OSC and Momentum all showing signs of trend change.
No selling pressure today showing from yesterdays ~10% gain, also a positive sign indicating a rallying trend change from the dip.
The following quote is of key importance. The fact they won this contract from all other competitors speaks to the benefits and strengths over competitors.
“The Venues NSW team had a lot of considerations to weigh up as we contemplated several key factors in this key technology decision. Not only is scalability and architecture vital, but we were also focused on the customer experience journey at SFS and an uplift from the previous system’s capabilities at SCG. It was important to consider the efficiencies gained from the one solution across all our venues. TASK came up trumps in every facet of the evaluation and we are delighted to report that the team have proven to be knowledgeable, supportive, and agile in adapting solutions to business problems at every turn. We’re really looking forward to a future of innovation and partnership with this exceptional company” said Tim Blight, Head of Technology at Venues NSW.
Last traded price on ASX AU 45.75c and on NZX NZ 44.5c, wow what a disparity. You'll be forgiven to think that NZD is higher than AUD.
Strong finish on ASX at AU 47c...
NZX SP to play catchup to ASX.
You're on the button. Hence buy orders pushing through over past 5 trading days. Wouldn't be surprised if see a few existing sell orders that have been sitting on market get removed as fearful hands start feeling more secure. All it really takes are a few sellers dropping out, for example 1 seller 90,000 @ 49.5 to change their mindset and in turn free upwards movement back into 0.50 level.
"The Consultation Process has resulted in a headcount reduction of 55 (non-engineering roles) and annual staff cost savings of approximately $8 million."
Sad but that's the harsh corporate reality when you're a listed outfit and this was not entirely unexpected after bringing TASK and PX1 together.
Essentially the end of Plexure per se it seems ……..Plexure on its own probably would not have survived much longer …..lucky for shareholders Dan rode into town and put Plexure out of its misery while giving shareholders hope that they’ll end up with a decent return in the future
Task was always going to be the saving grace for the combined company. Plexure's integration systems still had value to Task, hence the acquisition. Onto better and brighter company future. The tides have turned. Yes great for shareholders. As we have been noting previously this hasn't really yet been realised or factored into current SP. These levels will soon be looked back on as a nice discounted re-entry point come 2nd quarter 2022
Market is loving the news also, largest volume we have seen moving on open in a long while. 0.48 volume sold through. If 0.49 volume sells through looking like the rally we have been commenting on is happening sooner than mentioned in previous posts.
Looks like it broke 0.49. 1 Stickler seller at 0.495 then back up into the 0.5's range for reasons in previous post comments. Now volume buyers are feeling more confident coming in setting the momentum forward. Looking like 0.50 breakthrough point today on the cards. Rally has been in motion since lower trough formed in the 0.4's range.
Happening as we speak. Those that have been sitting on the fence are jumping back in as expected. Back up to at least CR price today. Sooner than we were predicting pre-xmas. Possible could now see 0.6 level tested pre xmas (or sooner at this rate).
Just as quickly as it fell 20%, will now rise 20% round 1, then another 20% round 2. A quick 20% return for those that bought in and were following our posts back when levels touched down low 0.4's. Now another 20% on the upside to be made from 0.5 to 0.6 level.
Looks like a few unsteady hands still with the mentality to sell at where they bought in CR 0.52. After being in the red for a bit, probably thinking might just get out and break even. However better to remember why you bought in at CR price in the first place, hold confidence and realise the 20% upside now rather than sell for nothing at 0.52.
Agree, might hover around 0.49-0.52 level for a bit, before we have another positive update sending SP back up into 0.6 range. Will need to be in at 0.5 level as next bounce will likely be news related and a quick rally like todays.
55,000 traded through 0.5. As nervous sellers accumulate at 0.50 they are getting hit by mid size buys, all positive, momentum, MACD, technicals looking supportive.
Pushing through 12EMA key level.
TSK ASX ($1) does have a nice ring to it doesn't it
With all the other different analysts positive comments yesterday afternoon, looking like we might see the possibility of pushing through the 0.52 (CR SP) price sooner than we thought.
Haha, no worries. Some find such helpful. A while back we were asked to justify our reasoning why we commented that low 0.4's was going to be where the lower trough formed. And why the 0.52 level would quickly be re-established. Which was disputed at the time. Ok will leave you guys to it then. Best of luck to all and merry Christmas. See you in the 0.6's early next year.
Happy xmas to you as well maxtrade .I hope your optimism carries on through the new year .
Herbie exercised 333,3330 options …….. suppose getting the shares for about 18 cents too good an offer to turn down no matter how you feel about the company
As Plexure share price sinks lower and lower (now 42 cents) do we assume the much touted pipeline of new business was just a pipe dream
Must be a lot of pissed off ‘investors’ out there at the moment
Surely not a gone burger is it?
Mkt pretty much in red across the board.
Not likely to get better any time soon with the Omicron scarient out there and the Russia / Ukraine altercation potential simmering. Hold all bets for the mo.
About a year ago Plexure surpasses market guidance …..share price was about 110 but the exciting news wasn’t enough to stop the share price confusing it’s fall.
Another announcement soon ….not going to be good methinks ….. share price in the 30’s?
Hang in there Plexure -- don't let share price go to the low 30's
Very quiet on this thread -- everybody sold up and moved on?
Down she goes .... 38 cents now
The whole saga over the last two years has been one big con job
Plexure being seen for what it really is .... a loss making services company ....without any competitive advantage
What's amazing is that the company still has a market cap of $130m
Sorry Rupert - seems news not getting any better
My 'free' ones were worth 115 once .... sold half .....but 'profit' diminishing fast ...along with many others goted sucked in good and proper
Plexure should be issued with a speeding ticket ---- would give them the opportunity to say 'Nothing to report and we are in full compliance with of Disclosure rules'
Oh darn :crying:
Appears to me someone shorting their own stock, mostly single sellers and buyers Aussie been the same 1m traded on 8th.
37c and heading towards 23c on the charts.
Who is still holding?
OH dear its looking a grim task ahead .
So the '$45 million to $47 million revenue' was out of fantasy land after all
But never mind 'The pipeline remains extremely strong' and we very happy with things
So no worries ..... it's all all hunky dory
Wow they cut the fat... 40% less head count over at plexure. Must have been a lot of dead weight there
Not all bad. YTD 20% growth in recurring revenue. With 40% less slugs working
Not a holder. Never again
Plexure notes that the Group is seeing additional customer demand and hardware revenue is expected to rebound as market conditions normalise.
Sounds good.
$13m in the bank doesn't seem much .
After settling the TASK transaction on October 1st 2021 the cash at bank should have been around NZ$17m so they've used NZ$4m in 5 months....might not be too bad given the costs of terminating 50-odd employees/contracters? (not sure the actual costs involved)
Regardless it seems they have about 18 months cash so unless they can get cash neutral by the end of calendar 2022 expect another cap raise.
DOWN again today 7% atm, where to from here ?
Down is the only pathway I see. I say this as an ex-believer and ex-holder.
Another good win from the TASK team https://www.nzx.com/announcements/388183 a five year contract extension with Food Co covering 450 of Foodco’s Jamaica Blue and Muffin Break branded stores globally, including Australia, New Zealand, United Kingdom, Singapore and Malaysia.
]Good stuff ….but not overly exciting is it? how much revenue retained.?
Better than losing a customer though so suppose good news
wonder who told them to make an announcement ..like anything will do as long as it’s positive ……be awful looking if share prices drops into the 20s
sounds like a cool jazz band... and on late nite jaaazzz we have a set from the Jamaica Blues and Muffin Break Band... nice.
Good win today
No mention of revenue associated with this win. If it was noteworthy, I'd expect them to provide a figure
Russians bombs on Poland's doorstep
Hope our staff in Poland aren't getting worried and that this war doesn't spread to Poland and NATO countries
WOW another HUGE win ……cool as
http://nzx-prod-s7fsd7f98s.s3-websit...890/366695.pdf
Love Plexure announcements …..this one scored 8.7 (out of 10) on the bull **** monitor (use of buzz words)
Good that Plexure coming out with all these good stories all of a sudden …no doubt to pump up the share price
Been four announcements since 25th Feb …..one highlighted a lot of positives and one or two negatives and the others been super good news.
But in that time the share price has gone from 36.5 cents to 31.5 cents ….14%
Maybe pumping not going to inflate something that’s dead in the water
Are they TANKING?
Share price has fallen a lot since TASK took over
And that cap raise at bargain basement price of $1.20 doesn’t seem that long ago.
Need them to announce another win or two in next week or so to stop share price sinking into the 20's
Last year Annual Reporting date was announced 5th May and the Report released 20th May. I'm more interested in how close to guidance they are (now withdrawn).
This will imo have more bearing on the share price than announcing a new win at the beginning of the FY22/23 year, unless it was something humungous like Super Indo full rollout, or Ahold Delhaize adopt TASK/Plexure.
Market has ignored all of the previous Task "wins", so thinking it will somehow be different with another "win" might be optimistic. The the pachyderm in the room is NO deals from Plexure for donkey's ages.
On the bright side, Plexure/TASK shares are at a good level to accumulate, get 4 - 5 shares more now than at the peak price or the capital raise.
The new owners and major shareholders of Plexure will be pissed about the current share price, probably scratching their heads about what to do about it, cos nothings worked so far since the merger.
PX1 share price into the 20’s
Maybe even go into the teens by end of year
Hope they don’t run out of cash and need another cap raise ….at 10 cents
This is getting worse by the day
I remember paying $1.20 for the last cap raise, thought it was a bargain when the SP was $1.50.
Saw it all crumble away until i got out at 60 cents. Boy did i learn a lot. Didnt even know what I was investing in to be honest. All good, relatively cheap lesson learned. And hey- getting out at 60 is better than 20 cents something
I bet the new owners that got paid millions to take over this mess still laugh when the look at their bank accounts.
April 2017, that's when I brought in, 21c, nice 7 bagger, until it rained, and my bag was a paper bag, and I'd just done the shopping, and now all I have is a broken aubergine on the pavement.... and then I wake up and find it's all a dream...I wish lol
Go the All Blacks, bring back the crowds!
Plexure Group Issues Options and Restricted Share Units
29/4/2022, 4:27 pmSECISSUEPlexure Group Limited (PX1) are today issuing 161,397 Restricted Share Units (RSUs) and 198,102 share options to senior managers and staff.
The RSUs are issued to senior managers and staff and will vest in equal tranches on 28 April 2023, 2024 and 2025, if performance incentive targets are met and participants remain employed by the company. Participants will not be required to pay a cash amount on exercise as the RSUs are in recognition of meeting performance incentives.
The share options are issued under the company's Employee Share Option Scheme (ESOS). Options vest in three equal tranches on the 12, 24 and 36 month anniversary of the grant date and upon exercise participants can elect to pay the exercise price of 16.01 cents per share or the cashless exercise as set out in the scheme rules. The exercise price of 16.01 cents per share, being a 50% discount on the 20-day volume weighted average price (VWAP) as at 1 April 2022 of 32.03 cents per share.
Following the issue of the RSUs and Options the total number of shares, live options, deferred share rights and RSUs is:
Ordinary Shares 353,582,379
Options 4,606,437
Deferred Share Rights 20,020,965
Restricted Share Units 3,819,699
Copies of the RSU Scheme Rules and the modified ESOS Rules are available on Plexure's website
Maybe a good deal for employees !! might give them a reason to work harder if they buy in at this price 16 cps at v w a p
https://www.sharetrader.co.nz/showth...imited/page309
Go back to March 2020 and the prophetic comments from one Balance. :p
Those who followed the suggestion to trade the stock before the inevitable unravelling of its unsustainable business model would have done okay.
Those who hurled abuse at anyone who questioned PX1 business model have only themselves to commiserate with.
You are quite right to Crow I told you so ,well done Balance .
Do you still see 20 cps or less will the maccas contract see the 16cps v w a p on offer to staff a bad incentive for them .
Onwards & upwards
Gee .. what's going on with this outfit ? ;)
With a horrendously expensive Macca servicing contract - just like Provenco did with Petronas.
At least Provenco did not sign an exclusivity deal in the case of Petronas so was able to stretch out its pretence longer before the inevitable happened for the company.
PX1 needs to see if it can ditch the Macca contract.
So will the 11.4% rally last Friday be substantiated with the analyst call today?
No wonder they withdrew the guidance for FY22 revenues of $45 – 47 million .... after confirming it a few times
Actual $32.6m is a big miss
At least they got all that cash saying that in the first place ...pack of rogues