Plexure can never have too many employees
Herbie will find something for them to occupy themselves
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Down off its recent top aprox 30% + not good .
We have to go to AUT's career fair next week and ask them why you guys still hiring while the SP look like doomed already.
I’m happy on be able to buy back some shares under what I sold them for a while back... very happy I took some off the table at $1.30 also...
I like to know the feeling of scobie ward right now :eek2:
andrews reply to my question On Friday evening.. I just asked is there any updates to come in near term because some investors are getting a bit nervous...
<andrew.dalziel@plexure.com> wrote:Hi James,We are on track to meet our market guidance as we released to the market on the 11th November 2020 as per of our asx raising.Unfortunately we don’t control the share price - investors do. There is no rational reason for the price decrease.RegardsAndrew
'The market' knew all this 11 November 2020, included a 14% increase in revenue "from existing customers only" and the forecast loss doubling. Andrew has said that they are on track to meet guidance to 31 March 2021.
If you had faith then, there's no evidence or reason for loss of faith now. Share price is about half what it was when the announcement was made. Looks like a bargain to me.
The daily volume since IPO is a lot less than the volume during the rise into the top. I don't think there is enough volume in the decline since IPO to be attributable to "aussie brokers" (cashing out), more like it bleeds a few minnows every day. Anyway, we don't know but if one liked PX1 at $1.20 IPO, and nothing has changed from guidance, then $0.84 should be more likeable.
The short term holders that were hoping to cash in their new $1.20 shares at $1.50 exited below cost. Depressing share price down.
The depressed share price made weak hands sell, further pushing the share price down.
Like many have said. Nothing has changed. Funny thing is if this technology stock (that deals in user data) was listed on the NASDAQ we would likely have a company valuation 5x what it is on the NZX.
A few customer signings and we are double today's price.
Got my interest at least for a short term bounce at these levels. Daily RSI on 14(!!) so has been pretty savaged the last few weeks. Looks like a base of support has built at 80-84, with the last of this round of panic selling on Friday (indicated by higher than average volume). Needs US markets to hold up though.