Market screener target price .63 before announcement. Buy.
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When they got shareholders to vote for acquisition / merger they put up a slide that said FY22 forecast annualised sales of the combined unit would be $59m (but would report $45-$47m (part year for Task
Ended up a bit short and reported $32,6m
Shareholders seduced by the $59m that was not delivered
Many wins / successes since and only forecasting $59m for FY23
Something not right here
But then most of us think it’s pretty darn good news today because we’ve framed our view from the depths of despair
I agree not everything added up at the time and only after a phone call with Phil Norman, who helped Xero get to where it is now, did I start to regain a little faith. Plus I had to read between so many lines in what Phil was saying as he couldn’t divulge anything major. I decided to invest more at around 15 cents and have been accumulating since. I feel Dan is exactly what CEO Plexure/Task needed to be. The rest is history. Onward and upward I feel. Growth with profit, which we can only see with time.
I didnt think yesterdays announcement was much chop. Just business as usual
Didn’t they say in previous guidance it was tracking to be profitable for FY 23? Guess we have to wait and see but seeing as they are reaffirming prior guidance I’d almost be expecting full year being profitable, no?