Glad you have.
Always a worry when a company boasts of revenue growth but has no idea seemingly as to how much that growth is going to cost.
Unacceptable.
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That's why I think you'll see some of these businesses merge or acquired.
PLX states they have 150 million users from memory - but after researching their competitors.... some of those have 2 billion users.
I think if PLX are focusing on strengthening their US based business, the proposition of acquiring or being acquired by one of their European competitors would work in their favour to help reduce international servicing costs.
At the end of the day, all these businesses have the same cost structure issue to contend with. What is clear is that this vertical is massive.
I am a shareholder and at the moment quite substantially in the black since my average buy in price is 28c. I take the view that Plexure has a good future.
However I do appreciate Balance’s posts to remind us of an alternative viewpoint
Thanks Balance
Yep it doesnt hurt to have a little balance in your life. It helps keep an impulsive Bear grounded :)
Pleasure, Brain and glad you appreciate some balance.
I sincerely believe Plexure should take a leaf out of Serko and Xero - talk the story up by all means but be totally open with how the company is going to scale up in terms of revenues, costs and the resulting impact on building up long term sustainable profitability.
This business of not being able to forecast EBITDA - Plexure is either very naive or incompetent as the informed market can be incredibly patient and tolerate short term pain for substantial long term gain.
I hope for shareholders’ sake that it is naivety.
Hmm anyone else thinking of topping up? :confused: