Attachment 11596There's some high bids at 99cents :t_up:
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Attachment 11596There's some high bids at 99cents :t_up:
Reading note 21, it seems that of all the current directors only the chairman Phil Norman owns shares in PLX, and even his holding seemed to have been diluted during the last FY.
The CEO, Craig Herbison does have options but to me it seems unusual that if everything is so positive why so little interest of the directors to participate in owning part of PLX. Or is it that the other directors also have options which I am not aware of ???
What do others think about the seemingly very positive results and lack of directors shareholding??
Seriously & sincerely happy for you holders to have done well with the sp back to where it was in June 2019 - NZ needs tech companies to do well.
So let's have a quick look at the H2 results :
Revenues generated of $13.49m in H2.
Cash increased by $0.6m from $13.6m to $14.2m.
NPAT dropped from $1.18m to $1.0m in H1 - so loss in H2.
Running fast to stand still?
B S Bal, , Are you going to give us ( once again ) your considered opinion , just like all of last years ranting or are you hunkered down on MMH ?
Its a good result, it proves what the company is doing is building traction and establishing itself as a strong player. Its a growth company and it should be measured as a growth company rather than on its profits and cashflows at this stage. They need to put the investment to build the technology and hire the best talent to continue being better at what they do, though it does take time and patience. Its a $1.50 stock for me given the current growth and financial position.
Investing for growth as expected. They raised a large amount of money from McDonald's - what would be the point if they didn't intend to invest it? The company had money and was cashflow positive at that point, they didn't need to money to keep the lights on, they took it to invest.
Very happy with the report, keep up the good work. Once they grow decent leverage they will be spitting out cash.