B S Bal, can you ever admit you got this one wrong, let it go and get back to MMH !
ps there is another back door listing that you haven't rubbished and slagged off, MEE , and your old friends are all over that one!!
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Balance's comments re customers are a distraction and reflect his bias.
Sure PLX may have been strongly linked to McD customers at one stage. But this will change as other clients grow and PLX's contracts evolve. Here's some pertinent comment from the just released AR.
The Company’s revenue from contracts with customers of $25.251m does not directly correlate to our user numbers. This is because over 87% of the Company’s revenue from contracts with customers is linked to contracts that were signed in 2014 with pricing mainly based on store numbers. Only a small percentage of FY20 revenue from contracts with customers is linked to consumer usage. In 2019, this pricing model was changed with new customer contracts being based on digital adoption, which will mean that as consumer usage grows so too will the Company’s revenue from contracts with customers.
From this we can deduce that future revenues will more accurately reflect customer and usage numbers. Plus with user numbers set to increase from 187mill to 500 mill, there will be increased benefits of scale.
Your assuming that McD's is happy to get its "pound of flesh' by screwing PLX's profit.
IMHO McD's will get their cake and eat it via PLX share price appreciation on their original investment - as PLX's profits grow.
But then what do I know I'm just a happy holder from .21c with a big portion happily 'free-hold."
Which part of PLX making a LOSS in the second half, with more costs - especially staff, to pile on in F2021 with the McD contract do you not get?
And well done to you - as happy as I am with my Serko shares at 29c too - but what about the ones sucked in by the self-confessed rampers on this stock & thread?
I believe the magnificent Serko also made a loss in their first half (pre the virus). Have they ever generated positive operating cash-flow? I understand Plexure has for the past 3 years. Growing cash balance, not shrinking.
Also, weren't you the guy who bought FBU? How's that going?
last fy they signed contracts with white castle and indo supermarket,we only see the SP pump up after annoucement then down again,and did not see the profit coming in report.
why plexure draw me attention becauae macdonald snapped 10% of their shares and they can get numerous contracts from macdonald worldwide,but i tried macdonald app in nz,beside the coupon,i did not see any breakthrough technology over there,i am still curious why so many ppl believe they can sign contract with another industry giant with decent profit in near future.