A bit more info on the proposed changes here. Four directors stand down, Chair person changes. Head Office to stay in New Zealand.
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A bit more info on the proposed changes here. Four directors stand down, Chair person changes. Head Office to stay in New Zealand.
With directors changing I think there is more than just a name change happening. One of the new directors is specifically useful in mergers and acquisitions.
As a positive, Aussies are more gutsy with growth stocks than kiwis, although as a negative Aussies are not always fond of nz companies encroaching into their territory.
We will see where we go from here 😊
Looking like market aligning to cash out a bit on yesterdays 6% gains, likely see a bit of swing on the flip side today as once again short term trades profits are taken off the table. Will be interesting to see where bottom of swing lays, if its around 0.36-0.38 on the dip again before stabilising around 0.40 once more?
Heavy selling pressure. Like I mentioned earlier quite keen to pick up some more sub 30 cents. I wonder who’s selling though with such urgency
Pretty close to our previous post. Will be many traders & investors looking at this current pullback preparing to re-enter again. Another 25% return will be open if hits 0.32. Once then re-establishes 0.40 as a stabilisation level again. Pretty easy to make money trading this stock with a little patience. Especially with the recent (seemingly forgotten already) positive news and directors buy in points). Pretty comfortable trade to make here on this retracement. Fib supporting also.
Good fortunes favour a little patience. Many seemed to disagree with my previous posts on this but it has followed very closely to what was proposed. Looking for a support buy once bottoms on this dip, back up to 0.4+
Money can be made with stocks like this even in a weaker overall general market.
[QUOTE=Maxtrade;975110]Pretty close to our previous post. Will be many traders & investors looking at this current pullback preparing to re-enter again. Another 25% return will be open if hits 0.32. Once then re-establishes 0.40 as a stabilisation level again. Pretty easy to make money trading this stock with a little patience. Especially with the recent (seemingly forgotten already) positive news and directors buy in points). Pretty comfortable trade to make here on this retracement. Fib supporting also.
Good fortunes favour a little patience. Many seemed to disagree with my previous posts on this but it has followed very closely to what was proposed. Looking for a support buy once bottoms on this dip, back up to 0.4+
Money can be made with stocks like this even in a weaker overall general market.[/QUOTE
Concur your views… almost all the directors purchased this stock in the 40c levels… thought of waiting for an entry at 32c but couldn’t resist today … entered at 33.5c . I am not a trader though. I find this pretty cheap at this price.
[QUOTE=carrom74;975115]In this current volatile market I see don’t know where the bottom is. I have a longterm investment strategy in this share as do you by the sounds, so buy in not really that important at these prices.
Next week they have their meeting and we might see some more of their future growth plans. Fingers crossed it will show more of an outlook for beyond 2023
Note the highlighted bit re cash position as at end of Aug'22.
15/9/2022, 8:30 amMKTUPDTEPlexure Group Presentation to Bell Potter Conference
Auckland, New Zealand - Plexure Group Limited (NZX/ASX:PX1), soon to be “TASK Group Holdings” (TASK), today released a presentation to be made at the 2022 Bell Potter NZ Company Investor conference.
The presentation is attached to this ASX and NZX announcement.
The presentation notes that cash in bank at end of August 2022 was NZD$25.3m, up from $13.9m at end of March 2022, with negligible financial debt - reflecting the strong financial position of the Group.