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  1. #2391
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    (Bloomberg) -- Fresh off a tech acquisition last week, McDonald’s Corp. is making an investment in a mobile-app company to further its digital push.
    The world’s biggest restaurant company is spending about $3.7 million for a 9.9 percent stake in Auckland, New Zealand-based Plexure Group Ltd., which already works with McDonald’s on its mobile app internationally. Under the new agreement, Plexure won’t sell some of its services to McDonald’s fast-food competitors, the companies said Monday.

  2. #2392
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Nice Option View Post
    (Bloomberg) -- Fresh off a tech acquisition last week, McDonald’s Corp. is making an investment in a mobile-app company to further its digital push.
    The world’s biggest restaurant company is spending about $3.7 million for a 9.9 percent stake in Auckland, New Zealand-based Plexure Group Ltd., which already works with McDonald’s on its mobile app internationally. Under the new agreement, Plexure won’t sell some of its services to McDonald’s fast-food competitors, the companies said Monday.
    Pretty amazing eh

    http://nzx-prod-s7fsd7f98s.s3-websit...813/297764.pdf
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #2393
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    WOW, Where to from here, I note that because of this investment that PLX is now tied to McDonalds.

  4. #2394
    Alley Cat Brain's Avatar
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    That’s a cheap way of ensuring that Maccas keeps its competitive advantage. Maybe the share price might respond a bit to that announcement

  5. #2395
    2019 NZ Stock Picking Winner silverblizzard888's Avatar
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    Well its nearly as good as a acquisition lol, its a great sign of confidence and further strengthening and great acknowledgement of their partnership. 25.8% premium on yesterdays share price, looks like we're in for a pretty green day today!

    Also a bonus at the end of the statement. On 12th March they said they passed 100 million users from 47 countries, today they write they have 110 million users from 49 countries, rapid user growth! Good work Plexure.
    Last edited by silverblizzard888; 02-04-2019 at 08:03 AM.

  6. #2396
    Alley Cat Brain's Avatar
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    I hope you are right Silver but this is an unloved share it may not move much.

  7. #2397
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    Fantastic news, reduces the major risk of losing their biggest customer. It does seem to tie them down a little more, but hopefully they will develop their other opportunities outside QSRs. They also now have a bunch of cash to spend on further developments.

  8. #2398
    2019 NZ Stock Picking Winner silverblizzard888's Avatar
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    Quote Originally Posted by Brain View Post
    I hope you are right Silver but this is an unloved share it may not move much.
    Looks like theres barely any shares left to be bought, 39 cent on open, all the love you could ask for and hopefully more to come

  9. #2399
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    Let me see: a strategic investment from a massive multinational, guaranteed $1M+ revenue increase from new contract, minimum performance measures agreed by Macca's. Only downside is they they couldn't do the dive thru and other stuff that their new acquisition can.

    Looks good to me.

  10. #2400
    I like peanuts... youngatheart's Avatar
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    FOMO is in full effect...

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