TSK - TASK Group Holdings

[Baa_Baa]

Baabaa, you deleted your post on another thread re PLX trading at unrealistic multiples

It seems that revenue multiples for SaaS companies are shrinking. I saw one comment that for a company the size of PLX with its current run rate 3.5 to 4.5 times is the going rate

On March numbers PLX about 5 times, so roll on a few months maybe 30 cents for PLX is about right.

Just an observation

I hope klid doesn't change the code on stockastic though

Not relevant to use March figures imo, if you use the September guidance of $10m ACMR today's SP at $0.30 equates to lowly 2.8x ACMR multiple, which is just over half the value of a conservative 5x multiple which would put the SP at $0.55 so currently trading at around 45% discount. Great value, good time to accumulate.

[rpn]

Market update is out: https://nzx.com/files/attachments/240564.pdf

"We currently anticipate that the projected $10m of ACMR is more likely to be achieved by the end of the fourth calendar quarter, rather than the end of September 2016 as advised in the market update of 13 April 2016 ,” said Plexure Chairman Phil Norman.

[winner69]

Not relevant to use March figures imo, if you use the September guidance of $10m ACMR today's SP at $0.30 equates to lowly 2.8x ACMR multiple, which is just over half the value of a conservative 5x multiple which would put the SP at $0.55 so currently trading at around 45% discount. Great value, good time to accumulate.

Baabaa, after today's announcement do we need to discount that 55 cents a bit?

[Cobber]

Market update is out: https://nzx.com/files/attachments/240564.pdf

"We currently anticipate that the projected $10m of ACMR is more likely to be achieved by the end of the fourth calendar quarter, rather than the end of September 2016 as advised in the market update of 13 April 2016 ,” said Plexure Chairman Phil Norman.

So 9 months turns into 12 months.... the least they could have done with the market update is advise ACMR as of today.

[Harvey Specter]

So 9 months turns into 12 months.... the least they could have done with the market update is advise ACMR as of today.

Probably doesn't look great because it is so lumpy. Each new big business they bring on creates a big step up, unlike the likes of Xero where each customer is just an increase of $600

[winner69]

Not much volume PLX shares lately

Maybe punters don't know it exists

[Placemakers]

no good news since beginning of this year, hard to keep people interested.

Disc, still holding my lot at 0.43 and trying to forget about it.

[Cobber]

Not much volume PLX shares lately

Maybe punters don't know it exists

Yip - momentum was lost when the name changed and they missed targets.

[Harvey Specter]

Yip - momentum was lost when the name changed and they missed targets.

I still think they are a good buy at this price but question is whether the missed target is a once off or systematic.

Disc: topped up just before the missed target announcement

[axe]

I still think they are a good buy at this price but question is whether the missed target is a once off or systematic.

Disc: topped up just before the missed target announcement

While the ACMR target has been pushed out by 3 months it is unlikely the growth in costs will have slowed.
Unless they really pull out some big signings between now the end of the year loss at half year results will be a lot larger than it should be.

Combine this with a CFO been and gone in a short time....

Good news .25 might hold as support . Could be an opportunity. Is it in a down trend though?
Maybe I should wait until December for the results and see of they get some runs on the board and back in an uptrend. PLX could be the toast of the NZX for 2017????????????