Full Year Result out
https://cdn-api.markitdigital.com/ap...2604-2A1526176
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Full Year Result out
https://cdn-api.markitdigital.com/ap...2604-2A1526176
Anyone makes up mind to sell or take 50% each? I am not sure if PAR will have the future.
I don't know enough about PAR to comment, but the management of Task have let down me, as a shareholder for the quick benefit of the Houdens.
I asked Dan this question late 2023.
I am looking forward to the 6 month update and feel the share price is highly undervalued which hopefully will change after the 6 month announcement. I will be buying more if the share price keeps dropping. Another issue is if it carries on dropping, Task could be getting interest for a takeover offer which would not benefit long term shareholders.
Dan's response
Unfortunately, I can't comment on some of the specifics but what I can say is that given our share register and the largest shareholders interests, in my opinion we are well placed to prevent a hostile approach.
Look forward to providing more details at the interim.
80 cents is a steal for a takeover of Task and I do understand that I may have missed out on a bargain with PAR, but I don't like owning US shares, especially when FIF tax applies.
I'm out, after many years, managed to get a $0.845 exit which is above the buy out price of $0.82, and after looking into PAR in detail, even although they might do well, who knows, I don't want any of them.
GLTAH, I'm gone.
Thanks very much Baa_Baa and Ggcc for the thoughts.
Voss Capital on Par Tachnology.These guys are seriously switched on.
https://vosscapital.substack.com/p/pars-path-to-80-redux"
We have reentered PAR in a major way, making it an ~8% position at cost, buying in at a discount to the market pricein a recent PIPE that was done to fund two key TAM expanding acquisitions. The new management team spent thelast few years building a comprehensive restaurant technology platform just in time for an explosion of enterpriselevel RFPs. The bull case laid out by us and other vocal investors over the last few years is finally coming into focus.We believe PAR is poised to emerge as one of a few winners in the global restaurant POS and software market andwill be the primary winner in the very sticky, counter-cyclical enterprise market. The market especially loves techstocks that go from unprofitable to profitable, which we believe PAR will demonstrate on a sustainable basis withinthe next two quarters. In addition to the inflection in profitability, we believe there are several tangible catalysts onthe horizon, including a sale of their unrelated Government business (simplifying the company to a restaurant techpureplay), announcements of new Tier 1 wins that will accelerate organic ARR growth, and an investor day this Fall.Our base case price target is $80 (~90% upside), using 5x our 2026 sales estimate, a conservative ~40% discountto the most directly relevant trading comp AGYS (which is valued at 8.5x 2026 consensus sales despite growingsignificantly more slowly than PAR)."
the old 5x sales trick.
https://jpmorgan.metameetings.net/ev...ration/webcast
Nice to hear the Houden family rolling their stake into PAR
Not quite sure if I want to sell my remaining 50% or roll them into PAR, conundrum..
One probably silly question, can we still sell the shares of TSK before 28 June?