I’m only interested in Q&A session and hope they get a good grilling, at least it’ll help me make up my mind to hold or offload…
Printable View
Jeez, 323,000,000 users
And that just Plexure
That’s a lot of people
Does that mean each user brings in 6 cents
ManagementcommittedtoensuringthatthePlexureDivisio noperationsare cash positive in FY23”
The above would be a considerable achievement. I guess they will have to renegotiate those “legacy contracts with McDonalds”
s p 18.2 Oh dear me this bear market crazy
Sp heading towards 20c and below.
You mean towards 2c?
74% down the dunny so far in the last 1 year and down 85% from the $1.20 capital raise sp in 2020.
Thread has gone deadly quiet like the sp.
Now is actually the time for the believers who were screaming anyone who dared to question PX1’s business strategy to front up and convince us that the stock is now an outstanding buy.
If it was so good at $1.20 as they asserted, it must be an absolutely buy of the century at 18.2c !!!!!!
Surprised me it’s taken so long to get this low
What’ll happen when punters realise they don’t actually have much to offer customers besides a ‘service’ …no real tech stuff that is
Whoops I forgot that they are pretty high up on the Gartner Magic Quadrant
More than magic needed here to stop shareprice becoming a penny awful.
Can you explain what you mean by this? The combined TASK and Plexure solution is entirely technology, with some consulting and support services.
Manage every customer interaction and transaction through TASKs all-in-one, integrated transaction management platform. SaaS-based and infinitely scalable, the TASK application platform offers an enterprise Point-of-Sale (POS) and terminal management solution with inventory management, business intelligence, analytics and real-time sales reporting. Integrate loyalty, digital signage, self-service kiosks and hardware, mobile app development and graphic design capabilities and wrap it all in a 24/7 service and support wrapper
And Plexure is the big data analytics engine behind all of that.
Maybe I badly worded my post
To me it seems that all the analytics / intelligence stuff that Plexure / Task creates little in the way of value for PX1 shareholders even though they say have 323,000,000 users …to me it’s just the tools that they, as you say, for them to be provide a ‘24/7 service and support’
Hopefully their customers get heaps of value / benefits out of it. Maybe I just don’t get it but little value / benefits seem to come Plexures way.
323 M users is 5% of the planets population . If that is not profitable for them then there is no hope. Most of those users are tied to maccas and therein lies the problem. Maccas stopped them from selling to other fast food companies and the foray into the supermarket chains went nowhere. I sold out when I came to the conclusion that they were not able to attract new major customers. I made good money on plexure and will be back in if the story changes.
I think all shares have taken a hammering and mostly “growth stocks”. This share has not proven itself and I wonder if it will survive the next couple of years if not few months. Phil Norman must be shaking in his boots, as he is invested financially as well, yet has not bought anymore shares. I asked the question to him whether or not management/directors would buy into the company to show support to others about the company. They have shown little faith in the company so far.
Ps Phil was the founding Chairman of Xero Limited, arguably New Zealand’s most successful publicly listed technology company, spending five years on the board before retiring in 2012.
I also read this comment in the full year results and did wonder given that the Net decrease in cash held was $(28,009) for the year. However, I did some analysis on the annual and half reports and I have found that the following items which either have had or will have a significant impact on the Cash Flows (note: all number are in thousands):
- Business acquisition net of cash acquired less Capital Raise and Share Capital raising costs $(7,723)
- Movement in Working Capital $(6,166)
- Annualised reduced salary and wage costs $(8,000)
- Acquisition Costs recognised within operating expenses $(1,300)
- Add back Term Deposits $424
The total of these amounts is $22,765, when adjusting for these amounts the net decrease in cash held is $(5,244). This is still a large cash outflow but when I broke it down further into first and second half of the year, I found that the net decrease in cash for the first half was $(3,892) and the second half was $(1,352). This shows that achieving net positive cash flow may not be as difficult as first thought when looking at the FY22 Financial Statements.
Other items to consider which are not included above:
- The first half included the ex-CEOs pay-out of $(1,080) which I haven't deducted from the numbers above, but you probably could also deduct this as the ex-CEOs role was taken up by Daniel Houden who was already employed by Task.
- The full $(8,000) annualised reduced salary and wages was deducted above, depending on the payment of notice periods and redundancy there may have been some savings in the current year as it was reported that salary and wage costs reduced by 40% (Q4 vs. Q3 FY22). I did also notice there were restructuring costs of $(1,600) which I haven't included (these might be the notice period and redundancies paid).
- Increased recurring revenue, both Task and Plexure reported increased recurring revenue throughout the year, some of this revenue would have only been received for part of the year.
- Increased IT costs going forward – these increased $(2,400) for the Plexure division in FY22, these costs may continue to increase in FY23.
- Other professional fees and other expenses seem high and may decrease going forward.
Decades later isn't Xero still making losses?
Xero & Sky TV (in its earlier years) are all about building up subscriber numbers and ever growing recurring annuity incomes.
The market knows how to value such stocks - especially the overseas markets.
So PX1 got lucky and raised good money in Australia at $1.20, remember? But it does not take the market long to figure out that the huge Macca numbers mean bugger all - in fact, the Macca contract is sucking the life out of the company for a miserly $5m!!!!
Which overseas market has valued Xero correctly? The market that valued it at Au$156 a share? or the overseas market valuing it AU$11 Billion less at AU$73 a share?
Isn’t that what plexure is about as well growing subscribers and customers. They are currently failing at getting customers. Also I can totally agree that maccas is not successful for them for now.
Plexure needs to increase their pricing to maccas to remain a float, which maybe they have offered in the long run. Trust me maccas don’t want plexure to go broke. It would cost them way to much to start from scratch with their own platform.
Macca has the platform set up by PX1 for a fraction of the actual cost at PX1 cost.
If push comes to shove, they can get their in-house IT to maintain it from hereonin.
Seen it all before.
IBM used to do this kind of contracts a lot. Surprises me that the directors of PX1 (supposed to be veterans of the IT world) fell for it or were they so desperate for a deal, any deal before they go broke?
[QUOTE=Balance;963563]Macca has the platform set up by PX1 for a fraction of the actual cost at PX1 cost.
If push comes to shove, they can get their in-house IT to maintain it from hereonin.
Seen it all before.
IBM used to do this kind of contracts a lot. Surprises me that the directors of PX1 (supposed to be veterans of the IT world) fell for it or were they so desperate for a deal, any deal before they go broke?[/QUOTE
They we’re desperate. Beggars cannot be choosers.
Lefty from another place said:
"Hidden in all the great news about the Plexure/Task merger around the week of my departure were a couple of concerns to me;
1.) Despite all the talk about 'synergies' between Task and Plexure's marketing services.....they mentioned that the Plexure systems were not able to 'talk' to the Task systems and we were told the two systems needed considerable work to allow full integration."
They are integrated now. As the Chair said in his Report ... "strong SaaS revenue growth, continued contract extensions and a number of early wins with joint customers such as Pita Pit and TANK where the end-to-end Group capabilities will be delivered."
"2.) the MacD contract renewal/expansion negotiations were still not resolved"
Fair enough, they still aren't, despite Plexure 11% recurring revenue increase to $20.4m (vs TASK $15.4m annualised) the CEO said ... "has led to significant platform usage increases year on year [...] This level of platform usage growth has historically resulted in significant cost increases within Plexure [...] To date, revenue increases have not matched pace with these costs. [...] The legacy structure of the Plexure Division has resulted in an
unacceptable loss for the year. [...] My number one priority now is to address our legacy commercial contracts to ensure that the Division becomes cash flow positive in the FY23 Financial Year.
Tough talk eh, let's see if he can deliver on that promise. Share price up 11% from the low this week for whomever snaffled the low, or gulped a few of the 40,000 offered at $15.6c at close on Tuesday. Really requires only chump change now for a decent punt.
Another thing that I consider is the Houdens who ran a successful profitable growing business in TASK, effectively took over Plexure, now holding the largest share 35% of the company which at cap raise price is now about 85% down in value. You'd think their focus will be on returning the Group to profit (mainly Plexure), growth and boosting the share price.
Take care Baa Baa.
Remember the Buffet quote.
“When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.”
Thanks Percy, wise words.
So if Plexure's McD's contract is not profitable which is implied in the CEO's words (even though they don't break out the company financials), then first option is to renegotiate to profitability - basically that McD's represents 95% of Plexure subsidiary revenue and needs to pay for the platform costs that they use, plus some margin. Second option if that doesn't work is to liquidate the Plexure subsidiary (not the Group), which would lose the revenue but make the Group more profitable, then transfer the assets and customers to TASK and move on without McD's. Third option is that if liquidated, McD's would be in a pickle so they're the natural buyer of Plexure, but does the Corporation really want to centralise and support this international service to its mostly global franchises. And so on, back to option 1.
I think the Board will be feeling pretty stink about their 2020/21 Plexure company growth strategy which sucked the kumara during Covid. It's clear as day now that the TASK acquisition/merger/reverse takeover was a life line for the Group, without which the Group looks like it would have folded eventually anyway. The lingering annoying doubt is why nothing seems to have come from any of the big Plexure prospects, like SuperIndo and Ahold Delhaize gone nowhere, 7-Eleven gone nowhere, White Castle how's that going, the rest are chicken feed like LoyaltyNZ.
The sector is not easy.However the out look is improving.
I hold shares in MSL on ASX.
All sorted - McDonald’s all fixed and transformation complete
Nothing to stop Plexure/Task becoming great now
Need to get rid of that Plexure name now …..change name to TASK sooner than later
http://nzx-prod-s7fsd7f98s.s3-websit...165/375618.pdf
Guidance revenues circa $56m
That ‘deserves’ a share price circa $1
But sentiment around Plexure stinks so badly share price will probably never get that high
Suppose 30 cents this year will be a good outcome
A huge turn around in EBITDA from a loss of $13.1 mil to a profit of $3.7 mil.
Market cap is currently $64 mil.at share price of 18.3 cents.
So at the end of the term their key customer no longer has to pay. Seems like they've made a deal to keep themselves alive in the short term, and just hope they can sort something longer term.Quote:
McDonald’s will have a non-exclusive perpetual licence to use the intellectual property in the Plexure platform solely for its own business purposes following the end of the agreements and Plexure will be required to provide transitional services for a period of up to 12 months (on a further payment basis to the extent incremental costs are incurred) following the end of the agreements.
When Plexure was last profitable, the share price was over $1.50+. Now they are bigger, and better.
Good hold, glad I stuck to my guns and ignored the negative sentiment and bought more at the BARGAIN price of around $0.17!
Past 30 cents now, but that surely can’t last aye winner.
that is a great update. well done holders. forget about winners 30 cents. this going to the moon
Almost parity between both markets, ASX-31c and NZX-32c in respective currencies.
Congratz on everyone that kept faith and held on or those bought while it was cheap, the current CEO is definitely above and beyond the past CEOs and it really shows, onwards and upwards for this stock!
The F23 guidance of $56m revenues is really good (F22 only $32m)
But not that good when only a year ago they were touting $45m to $47m for F22
Surely they wont be 'withdrawing this guidance' at some time
Given today's update, I would have thought around 5-8x revenue would be a good place to sensibly put PLX IF they can start growing more customers at a decent clip (which going by recent history is not yet proven). For the time being 2-3x revenue seems a sensible range. Absent of any proper DCF calculations.
PX1 up 87.86% in the week 26 July to 1 Aug.
Noice. Got some?
After yesterday’s announcements, directors can now add to their holding if they wish. Let’s see how many shares will be swallowed by them if any.
Not being negative or throwing water on the fire, but isnt it surprising what an update with one renewed 5 year contract with McDonald's can really do to a share price. For those with large money available it's easy to see how quickly that money can be basically doubled in such a short space of time. Likely with positive earnings revenue will see previous Cap Raise SP form a support and possibly resistance platform. Who here see's 0.5-0.55 being the next level to meander at. I know thee are some here who feel it's going to soar right past that??
Where else can you make another 16% return in half an hour! Gains made this morning so far. After yesterdays and the weeks prior :) Crazy stuff! No wonder shares are still such a sort after base to make money off!
True, smart move. Pleanty who sold will be buying back in this week though so will likely seee continued upwards pressure which is well overdue for PX1. Congrats to holders who held steady and those that were able to buy in on this rally. Upside still another 20-30% gain to settle in at previous support level CR ~0.52. Seems a pretty safe bet at this stage, who concurs ?
You have to remember there was risk in this share prior to yesterday’s announcement. I wasn’t prepared to throw loads of good money after bad money until I saw some positive news. Glad for shareholders seeing some positive news. But buying loads at 18 cents is just gambling in my eyes. I bought a few as a gamble, but not loads as it was a gamble. It paid off.
Pretty brisk trading this morning and looks like only matter of time before 40c gets taken off. I think first target is recent cap raise price of 52c and slow grind upwards from there until HY results or further trading update on progress.
For sure Dan is the man, he doesn't seem to be mucking around and there is a sense of urgency in his actions, pleasing for shareholders.
D Ters bailing ATM, well done if you made money in the trade.
Over 2 million shares traded and 40 cents is holding for now. Is this a sign that directors or institutions are buying up some shares or just small retail investors/gamblers/traders.
Looks like retail mostly, lots of relatively small value trades. https://stocknessmonster.com/trades/px1.nzx/
When the GM is buying $234k worth of shares at 39 cents a share thats a pretty good sign business is going well!
Also means no incoming material announcements expected for the time being too.
Yes but everyone should be ready and take care for the traders who will be cashing out taking profits off this run likely today. As soon as SP looks like flatlining, momentum slows, indicators will signal traders to take the profits off the table and SP will follow its normal course of action for a bit of retracement to find its true support level. From my models this may be around 34.5c. Probably bounce around a bit 34c-40c until finds true stabilisation level to form a lower end trough. ie keep an eye out for signs of short term profits being taken out today and pre Friday close. Once they do others will follow and could quite quickly see a short sharp fall. Those were some very solid gains over the last couple of days, many will be happy cashing out with that.
If we don't see the large parcel chunks buying up today pushing SP through, then that will be the sign of momentum change. Buy depth may rapidly be pulled to follow (ie easy to cancel buy orders sitting in market depth that may simply be being used as a prop to drive SP). Likely see a touch down at least back into mid 0.3's when this happens. Any signs of retracements traders will be more than happy with the gains of over 100% on this one, fuelling the sell when indicators look set to drop. Just a heads up.
So far no continuation of any volume buyers on opening today. Some small play shaz drip buys for a few dollars coming through at 42.5, not the best sign. Might be a sign to cash out profits on this one. To those who are working their money of course. For long term traders who are just sit and wait 10 years well they might not be bothered trying to put their money to work. Who knows what 10 years does with a company like this though, nobody really does. Hence why we like to make on the trade swings. Definitely just had a massive swing trade up, when the swing goes one way, it soon dips back the other way and oscillates back and forth until coming to a neutral plateau :)
Interesting to note current market cap of PX1 sitting around $150ml and that of PEB $437ml. Just for comparison as they were two stocks being in limelight this week.
Yeah agree. Question the authenticity of some of those holding trades around 41-42.5 though. Probably substantial amount being used as a prop. Once profits start being pulled, reversal breakdown keep an eye out for those bids rapidly being pulled might see that buy depth disappear pretty darn quickly there. Miss out on profit gains once that happens as once brakes through 41.5 will then likely see rapid retracement to mid 0.3 range. Which would mean missing out on 25% profit gains from current level. Only $100k sitting there available at or above 41.5 level. Not much on the scale of things. Will only take a few larger profit pullers to come in, ie a few hundred k cashing out their 100% gains and next thing SP will likely be sitting right around 0.3- 0.34.5 range which will be sitting comfortably right around 61.8% FIB retracement from this rally, very likely.
If today reaches hitting another 10% gain that will be the cream on the crop, traders will def pull at that point after 3 day double digit gains. Look for the sell down once (if) 10% reached today. May happen swiftly so be on your game. They will be sitting with their sells on the trigger, nerves of steel the larger traders, as they know they can swing the market with a few sizeable sells. Building up enough bid volume to actually buy at the level they want to cost average at on their sell. Starting to get pretty good volume on the bid side to hold a couple of hundred k sells and still get their cost average price around the 0.40 mark (reaping 100% plus gains).
Sorry to expose trading plays for those larger traders out there, but hey it's only fair that the smaller guys understand how it all works and the influence and reality of how this plays so they can follow suit and make some money as well. It's not all about the big fish, would like my kids to have this knowledge and understanding rather than struggling, wouldn't you? ;)
Nice to see management buying shares for once and not just options being excercised. I am feeling optimistic about the future for this company since the Task merger.
No worries, my pleasure. textbook today, hit that 10% third day in of large gains, now sure enough we are experiencing the sell I was mentioning would happen today. Brokers have been given the sell signal, (taking profits off table) selling down in 20,000- 50,000 parcels to feed the market rather than swamp the sell depth. Hence the rapid 15% decline so far today to where it is now. See how quickly the big volume just evaporated it was sitting around 41.5. Thats how it goes. But suspect we will see a continuation at least into mid 30/s, possibly back down to 0.30. Hope 0.30 holds for actual investors in OEB rather than these swing trade plays. You might want to consider joining the flow rather than opposing it. Take some profits and look to renter on stabilisation in the lower 0.30's
Hopefully they don't shoot me for making public 'their' trade models ;) Anyway hope this has helped a few along the way today. And to have a better understanding. Fib would say low 0.30's, obviously no crystal ball and everyone should do their own due diligence.
Yeah and I wouldn't trust that Firewood sitting at 37.5 either if they really one of the shares they would have taken them already. That will be a mock block which will be primarily pulled as soon as half 0.38 sell through. Real genuine support will likely see build 0.30/0.31
Only a $100k worth of shares sitting for profit takers above ~33, will still be considered good profits to take those while they last. As seen on how quickly lost 15% off todays peak on the retracement, can just as quickly drop $100k more, that's nothing. They use it like a money making machine. It was pretty obvious to me this was going to happen today. They will probably take a pause post lunch, try and let the market think that's it and let buyers queue up again so have enough shares available to do another round of sell and maximise average sell price. Always goes in a couple of rounds. It's hard not to be fooled sometimes and thinking that must be the bottom of the retracement and FOMO to not miss out so buy back in too early when see bid volumes building. That's just restocking enough volume for the rest of the sell. Still will be plenty of people wanting to take profits. Signs have gone off today that they won't want to miss out by capitalising on this overpriced run. Was too quick too much, over bought.
BTW they don't put their sells in the market depth. They come in and sell on bid volumes already present. That explains why you can see a fall like today but when you look at the sell volume in market depth it has remained very slim all day, such as now. it becomes almost irrelevant when profits are being. cashed out. As sellers/brokers obviously don't see any benefit on showing sell volume in the market depth when they are trying to get the best cost average profitable sell through on the way down. Makes sense.
LinkedIn is a decent source of news about Plexure and Task. Subscribe and Follow them both if you want to see their updates.
Maybe Kathryn will buy a few shares as well?
Attachment 14032
Anyone want to post some excerpts from the NBR article? I don't subscribe but Plex made the news.
Attachment 14033
Revenue almost doubles. Nice.
Kathryn says ... "to deliver on the worlds largest QSRs ambition".
Unbelievable really, but very exciting, despite so many cynical shareholders and wanna-be shareholders forget, we've got the largest QSR in-the-world as our customer, in 66 countries, processing 140+ millions transactions every day, global scale delivery, driving business into their restaurants.
Plexure and now Task, a New Zealand and now Australian combined digital success story supporting the largest QSR in the world, and a 5 year contract renewal with a +5 right of extension, and a host of other QSR end-to-end retail customers. At the leading edge of technology enabled retail restaurant quick service delivery. That's what you own when you have some PX1, the best of the best.
Don't listen to the cynics and naysayers, none of them have been right, ever. Ignore the market which is schizophrenic -except for when it presents below-value buying and accumulating opportunity. That's now.
Kathryn Byrne bought 190,773 shares for $79,743.67, thats 41.8 cents a share, loving managements confidence
Now we know who was buying yesterday, given the amount of volume going through, the largest buyers in the past few days have been the management team
Management also bought in a large volume along with a couple of Instos in Sept 2021. On positive news. Resulting in a short lived spike in SP followed by a long downtrend. $80k is a relatively small amount for traders who started cashing out profits yesterday. Takes a while for profit take to filter through. Especially when an SP goes from a low level to over 100% gains in a few days. Will need to persevere through profits being sold off, as a result SP experiences sell down pressure. Which is actually good for long term holders as if we see a low end trough form after the traders cash out profits on this one. Then SP can stabilise and actually follow results next year. ie once the swing centres and can then gradually build off (not spike off). This is exactly why we saw the 15% decline from yesterdays peak. Over 100% gains were never going to be sustainable, especially third day of run.
Bids lost momentum within 20 min after opening, not a positive sign for any substance for daily upward pressure. Downside risk much greater than any further upside potential today. RSI far too high, mom -ve, oscillators still indicating downside risk from the rapid extension of SP. Still needs to recalibrate.
So far looks like breather day with things moving slowly. Tmrw might be interesting more profit taking to push price down or buyers be back to push price other way.
Was hoping for holders 3.75 support might have held, unfortunately looks like its failing though. A further 5% drop not the nicest 'break day' for some. Even worse for those that were still buying in above 0.40 up to 0.45 on day priors peak. Where we are now is almost a 20% loss of potential profits. (20% swing might any other time be considered a crash. However after the exorbitant rapid SP increase its all part of consolidating retracement to a more normalised level. Still wouldn't risk buying on the decline off the back of the rally (still catching a falling knife). Would get more enticed if touches down 0.30. Many traders might still sell out now then buy back in around 0.30, hoping to see some stabilisation form there after around mid 0.3's. Trying to exercise another 15% profit gain trade (0.30- 0.35), on top of the profits they would have already made by cashing out now. Then will likely take a break for a while bobbling around there and the dust will settle.
Still only $100k available sitting above 0.32 again that's not a lot in the scale of things. When that same $100k just basically doubled itself from 0.18- 0.36. Still some very content campers taking that off the table. Them watching it consolidate looking for another re-entry 0.30. Time will tell... I do know from experience its hard for folk to sit back and watch their profit gains they thought they just made disappear in front of their eyes. Hence why we are seeing people take those profits still today, even as we speak. I hope some like minded folk have been able to reap the max profits off this rally by following this thread the last couple of days and were able to maximise their gains when first started posting about this a few days ago :)
With Directors buying @ .40 would expect buyers to come on board at anything sub .40c
Hey Curly, much as I like PX1, you can't ignore that the SP from the recent June 21 low has bolted almost 200% to the high a couple of days ago. That's a heck of a lot of profit for anyone brave enough to have been buying before the McD contract announce, or even immediately after it.
I don't follow Maxtrades TA analysis, but one thing they do have right imo is there's a big backlog of very short term high trade profits here and it will take some time to work through now that the SP has turned over. I expect a gradual decline in the SP until PX1 announce something special again.
A bit more optimistically, bear in mind that the insiders weren't allowed buy before the McD contract announce, so they're probably a bit bummed at missing the SP as it dropped down into the teens, when they probably knew the good news was coming. So they piled in after the announce and bought in up to around 0.41. They do that with the intention of longer term success, not short term trading, so they're probably not too concerned what happens to the SP in the meantime.
Yeah tend to agree, SP retracing to 0.30. An unknown if would breach through 0.3 by much though, too early to tell? As Baa Baa commented will need to sit and wait for the backlog of short term profit takes to filter through, with a gradual decline in SP. Hence what we have been observing the past 2 days. Traders will be thinking 'Pull your profits while you still can' at this stage 3rd day decline, but still very tidy profits to be realised even at 0.30. Hence likely selling down through the 3's, (still comfortable sells). A meagre $40,000 sitting on market above 33.5 today, the bid volume has rapidly dissipated last few days.
Director William Charles Crichton bought 264,000 shares for $111,000 at a cost of 42 cents per share.
Add that with:
Kathryn Byrne 190,773 shares for $79,743.67 at a cost of 41.8 cents per share
Russell Bennett 600,000 shares for $234,806.96 at a cost of 39.1 cents per share
Andre Gaylard 30,000 shares for $10,500 at a cost of 35 cents per share
Total of $436,050.63 spent on 1,084,773 shares
Management often buys shares, I would too as an owner of a company you need to believe in its future success otherwise there wouldn't be any real point being in the company. Doesn't mean it controls a share price or it's movements though. Especially as Baa Baa noted above, they often don't really care what happens to SP in the short /mid term, they are hoping for better things long term. What we have at the moment is real substantial profits available for investors/traders to take off the table now. That is why and what we are seeing currently. Once the backlog of short term profits are taken then the stock can find its stabilisation and base of there. Until then will likely see a downtrending. Look what happened with ERD, management bought in at levels much higher than current SP. Same thing even with AIR NZ. They are looking 20 years out. Traders and mid term investors aren't.
SP until that time.
We all know insiders buying is a good sign for the future. I look at it like this. If you've got a $100k to invest and a choice of thousands of things you could invest in, and the one thing you choose is the company you work for, then that's because you think it's the single best investment you could make at that time. A better investment than anything else.
That's why we like insiders who choose to invest in the company.
Article in NBR today (paywalled)...anyone care to share the snippets pls, tia.
Plexure stock upgraded to ‘buy’ by Ord Minnett
Australian broker ups target price by 55% after McDonald’s renews contract.
Someone is happy to clean out any available stock around or under 40c mark. Great sign of consolidation before next leg up.
One more positive announcement in the short term like new contract and additional renewals should see sp run hard. And I believe there's one around corner soon.
Given how many insiders are buying its a good sign of strong morale inside the company and many big plans in the pipeline. Seems like they are taking turns around the table buying! How many more insiders they got left to buy?
Likely wont be seeing any big announcements coming up since theres so many insiders buying, so this month is all about consolidating the share price, bringing in new shareholders that will hold for the next leg up.
The value of the company will likely bound around the $150 million market cap mark until the market can figure out how this company will grow since its such an unpredictable one for any investor to know what comes around the corner, but given how things have developed it should be positive.
NZX Between 20/04/22 to 29/07/22 only three month when SP was under 30c total of 6.2 million shares traded
Last 5 Days between 30c - 46c total of 5.86 million shares traded.............