Anyone know why orders aren't getting filled?
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Anyone know why orders aren't getting filled?
Organic growth recovering to trend (even allowing for growth decay) plus new big customers gives about $45m revenue in F22 - about 50% increase over F21
Anything less would be a major disappointment ...to the extent that everything they have said lately is a load of crap.
For the last 6 odd years - 90% of this companies revenue has been McDonalds.
They have tried to sell their wares to more brands outside of McDonalds over the years having done pilot tests which resulted in pretty much nothing.
What on earth makes you think they are now all of a sudden going to grow their client list??
The problem for them is that the brands they need who have big deep pockets, are on McDonalds restricted list.
There will never be any 50% growth... LOL... but keep talking it up... cos you all think the ASX investors are going to overlook the fact that this company is haemorrhaging big loses for the next few years. Look at what happened to LBY who recently listed on ASX. Massive growth, but IPO tanked. Good luck.
The large quick service restaurants are no longer on PLXs radar I assume - large supermarkets are.
So it all depends on the data from SuperIndo being so extraordinary that other supermarkets are compelled to use PLX.
Dunno if this will or won't happen. Time will tell...
If they can branch further to other areas - theme-parks have been mentioned here - then momentum will build.
Making payments through their app will be a major I think. Japan McD has this already - will other countries join in here?
People want one app to do everything voucher/discount of goods plus payment. Not having payment option through the app is the major turn off for customers.
Be interesting to see if PLX price model is attractive enough for companies to use this feature.
Selling to McDonalds is easy because they are the default supplier.
But when you have the CEO talking about being involved in a pitch for an account, that has also been sent to your competitors, right at the same time as a capital raise... it starts to scream desperation to me. Outside of that, there is a lot of people here throwing new markets around like they are a done deal. And then this is being built out into 50% growth... it's almost laughable if it didn't reek of the 'Pump and Dump' talk that use to go on in the crypto currency world.
Did you get back in after you sold out on 21/7 .. that would be between $1.20-$1.24 on the day? I recall you were reasonably bullish even up to early July having held for years, then on various concerns you bailed which surprised me at the time. Since then you've only posted on PLX thread and have been negative ever since. Do you think you'll ever get back into PLX, or are you waiting for a lower price? Given you can't participate in the SPP if a non-holder, $1.20 pretty much set the market floor so it's possible you could get back in around your sell price. Anyway, I've enjoyed our at times robust conversation over the years on Plexure, always good to consider other peoples views.
I was very bullish as they headed into profitability... but then I noticed their growth rates started to drop off. If you're profitable... I don't mind slower growth. But my mandate is you have to be focused on profitability.
When you have knowledge of a lot of other similar sized tech companies in NZ (which aren't listed), earning around $25m per year but have profits of $5 - $7m, I look at PLX and what they are doing now and think they are going backwards.
PLX is not set-up as a SaaS. They have to pitch for work against their competitors. Their competitors are very good.
So this entire capital raise was to invest in more staff in the hopes of supporting pitches they MIGHT win. They have given themselves 2 years with a forecasted loss of $10 million for this financial year alone.
I sold out and was very happy. I held PLX for years. I have now moved my money across to LBY on ASX. Another local NZ tech company with strong growth and a CEO who has a strong track record of success. But ultimately it is his goal to be profitable within 2 years that gets me excited. Plus they will be far bigger than PLX could ever hope to be when you forecast out their growth over 3 - 5 years. However, their ASX IPO was not great... and I think its important many members get their heads around the simple fact that this could very easily play out for PLX. But like PLX, I will hold for years :)
I also have IKE as they have a market and software that does not seem to have any competitors. Their challenge is simply to encourage potential customers to do business differently...instead of sending a guy to look at a power pole... for a small fee you can log into their software and visually look at it online. It's a no brainer in covid times, plus saves the customer money.
I do hope PLX succeeds of course. But I'm sick of watching NZ companies continually make loses, talking themselves up only to go back to shareholders with their hands out all the time. If you want to be a XERO or a PPH, you need to have a path to profit, otherwise you just end up being another Snakk Media - some revenue, no profits, but continual hype to secure more money from investors to pay your bills.
Cobber, I agree with your general point, that PLX is arguably overvalued compared to other listed companies.
They are also in a crunch point, after having 'easy' growth with Maccas they now have to do the hard yards.
But for the life of me, I don't see how LBY, an old and slow dinosaur, with even more competitors than PLX (and that's saying something) with a opportunistic ipo is any better. If I had to I'd take PLX over LBY that's for sure.