I have to go back and read their accounts again. I remember them being cashflow positive not that long ago weren't they? I have a small holding, probably time to go back and do a re-evaluation.
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That's pretty close to the mark, Plexure have a series of products that they fit the customer into, paid for by professional fees. The implementation technically using base products is not all that complicated, by comparison to a customers desire to tailor the products. Configuring the products to accomodate the customers marketing plan is where the real work occurs, i.e. loading their products catalogue, loyalty scheme, etc etc.
Don't let the doomers talk you out of your stock, at these prices and recently, it's an accumulation opportunity imo. Too many want instant gratification and have no patience, or understanding of the company, its market or its products .. let alone the tech itself.
So do we want new customers or not? Hard to tell what the sentiment is on this thread sometimes.
Surely we want to see regular signings like Pita Pit and an easily managed upscale of business operations for Plexure.
We are just waiting for this to come true -“a substantial contract with a globally listed, multi-brand food retailer”
Hope that wasn’t Pita Pit ...big joke if it was
By the way haven’t had a response from Norman if he is happy with his management feeding info to Forbar ......so they can add colour and do a bit of speculating.
True, but this advise only works for people who have an open mind and are still prepared to listen to other noises than the shouting coming from their own echo-chamber :); Quite difficult for some under the influence of the endowment effect.
If posters start with personal attacks and name calling, then this is typically the time you know their stock is going down and their minds are closed. Great opportunity to learn about human behavior. The question is just - do we really need so many examples to learn from? Some people just don't seem to get the lesson ...
I have come under pressure from other posters a number of times.What I do is walk away from the site and redo my research.I start by rereading all the company's announcements for the past three years.Areas I look out for are;
1]Do current assets exceed current liabilities.If not does the business have enough "spare" capital to see it through the next two years.
2]Does the company carry too much debt.
3]Is the sector the company the business is in growing.
4]Do directors and staff hold a good number of shares.
5]Is the company paying directors and CEO too much.
6]Has the company issued directors and staff too many unlisted soft options,which will delute eps.
7] Are the directors honest,ie admit issues facing the company.
8] Perhaps the most important.Does the company do what they say they will do.
Following the above and ignoring "the noise" means I have made good judgements.
I have come under pressure from other posters a number of times.What I do is walk away from the site and redo my research.I start by rereading all the company's announcements for the past three years.Areas I look out for are;
1]Do current assets exceed current liabilities.If not does the business have enough "spare" capital to see it through the next two years.
2]Does the company carry too much debt.
3]Is the sector the company the business is in growing.
4]Do directors and staff hold a good number of shares.
5]Is the company paying directors and CEO too much.
6]Has the company issued directors and staff too many unlisted soft options,which will delute eps.
7] Are the directors honest,ie admit issues facing the company.
8] Perhaps the most important.Does the company do what they say they will do.
Following the above and ignoring "the noise" means I have made good judgements.
That's a really good checklist, Percy. I agree the most important is number 8!! For me that is the true measure of whether or not management really understand their business and the market they operate in. TRA and MHJ spring to mind of some good examples. ATM and BLT for some bad examples.
great checklist.
I guess one other question would be (and I learned that the hard way with CBL) - do I really understand the nature of the business?
Related to Plexure - hands up, who really understands their business? What do they need to do to convince enough customers to give them more money?
No 8 - Perhaps the most important.Does the company do what they say they will do.
I can't honestly answer as BP says I'm biased and don't have an open mind and suffer from this thing called endowment effect.
So help me out
Do Plexure do what they say they will do.
Thanks in advance
"Endowment effect".A hard one,but really I think you have to stand back and start again.First of all, are the reasons I first brought into this company still good.
I have recently reviewed my two largest holdings PAZ and SFF,after their agms.
I am pleased to report both are exceeding my expectations.This was a very important judgement to make as my PAZ holding is substantial.
I would also agree with other posters you really need to understand the company before you buy shares in it.I usually start with a small position and as I get to know the company,and it is doing what they said it would,I then add to my holding.
An aside to this I am happy paying increasing prices as I add to my holding.
Mistakes,or earnings downgrades,sell at the first sign of trouble as you can always buy back in.
What ever you do,learn to rely on your own judgement.Mistakes help to make you a better investor.
Gee that's a good point.
Hmm on reflection they do, they just get the timings horribly wrong :p
So for example last year when they said several new customers will be signed up before FY21 what they actually meant was small pita pit customer signed in FY22.
No worries, cant wait for them to join the billion dollar club. Hope I am alive to see it
Great list percy. I’ve had these since 2014 with a brief period away when I reassessed. The business model is not all that complicated, and the technology is all published if one has the skills to interpret it. The impression I get from this thread is quite a few people don’t do any research, or very little, they’re into PLX or not based on hype, possibly without the skills to time entry or exits. Besides, it’s easy to be on the sidelines sniping at something one doesn’t understand, or want to and dress up other’s viewpoints as ill-formed or myopic
Everyone got different perspectives depend on whether you are holding, plannings to jump in or planning to run out.