Lets have a game within a game . Which way is this stock going from here? Will it hit 40 before is retreats to 30? Cmon expert followers on this thread. Ill start and say 40 first.
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They have achieved a EPS of 0.96c last half year. If they keep this, it will be around 2 cents EPS for this financial year. At the current price of 38 cents, they are priced at PE of 19x, which I think is reasonable and also relatively lower than other tech companies! Cash on hand is enough to go for further growth. If you follow their web site, they seem focusing on developing further technologies such as digital wallet etc., and also recruiting more employees for business expansion..... It looks to me they are well positioned for growth and there are more and more to come!
The "please explain" has been received...and explained. Nothing to see here...
S/PRICE: PLX: NZXR Share Price Enquiry into Plexure Group Limited Please see attached documentation relating to a share price enquiry in Plexure Group Limited Ordinary Shares ("PLX") by NZX Regulation ("NZXR") End CA:00329273 For:PLX Type:S/PRICE Time:2019-01-09 15:56:16
Good but late .
Nice to see a very small company buyback supporting SP levels around .29c to .30c.
http://nzx-prod-s7fsd7f98s.s3-websit...394/294704.pdf
Thanks for your thoughts Hardt and Brain...... I agree (it was only a tiny buy-back) and I only have a small holding (nicely in gain territory.)
Watching this one with a degree of scepticism. Very early days.
The notice of mopping up shares below marketable quantity was made on the 8/11/18 with the proviso that the would not do so for 3 months. So they bought them right on time. I suppose the three months was to give those share holders time to increase their holdings.
Given these are non-marketable parcels, I assume there are cost savings from mopping these small holders. Has anyone got any idea what these savings might actually be?
From the annual report (which is now obviously out of date) they had 294 holders with less than 1000 shares, comprising 77489 shares. They only bought 71421 shares so obviously didn’t quite remove 294 holders, but maybe they cut the register by about 20%.
It would be interesting to know what the savings would be. In the old days it would have been postage and communication costs. Not so important now. Do share registers charge per shareholder still?
They'll save a bit on admin and importantly boost their treasury stock at a good price.
I think they'll exceed the last 6 months half's profit given the strong growth and recurring revenue.
So maybe $2.4m net for the 12 months. So just 14x profit at today's valuation for a company that's growing strongly and with $6m in the bank.
Plexure CEO, Craig Herbison is speaking in Auckland. Details here:
https://www.sharetrader.co.nz/showth...l=1#post748611