TSK - TASK Group Holdings

[tango]

At least 0.4 level has found support. Anything on the radar coming up that might be a driving factor for any next bit of a rally that anyone knows of?

Given the way the overseas market have responded to omicron, PX1 is going to need a major contract win to offset this slide.

[winner69]

Given the way the overseas market have responded to omicron, PX1 is going to need a major contract win to offset this slide.

Suppose it still true but Herbie said Plexure was never going to be affected by covid

[tango]

Suppose it still true but Herbie said Plexure was never going to be affected by covid

For existing contracts it may increase revenue - unless people are in lockdown and not allowed out to pick up takeaways.

Plexure still like to have face to face meetings to close deals and TASK said they have been adversely affected by worldwide equipment shortages and shipping delays. The shipping costs and delays were starting to ease but most likely that’s not going to be the case with all this panic and closing borders

[Maxtrade]

Task has over 50 international brands and is positioned well in this Covid world with it's management platforms, point of sales, online ordering, mobile apps on a global and scalable technology stack. The benefits of this are yet to be realised by Plexure, the stock has been pretty beat up recently, probably overlooking the benefits of this acquisition yet to come. The world is slowly learning as a society we need to do the best we can to live with Covid (as we did with Influenza), while realising 2 years in we need to allow operations to resume some normality. While doing the best we can with Vaccination continued development, modification and administrations. There will be new strains every season, but that is not something to freak out over, life will go on.
Would be good if the sticky small gain traders at 0.41 cleared out the way or just increased their sells then the SP looks like it could naturally rally back up to 0.48 resistance level. Always have a few that get in the way and scare potential buyers off

It would be good if the sticky small gain traders cleared out the way at 0.41 (or increased their sells at least), then the SP could naturally trend back up to high 0.4's at least. 0.48 next resistance point.

[BlackPeter]

Task has over 50 international brands and is positioned well in this Covid world with it's management platforms, point of sales, online ordering, mobile apps on a global and scalable technology stack. The benefits of this are yet to be realised by Plexure, the stock has been pretty beat up recently, probably overlooking the benefits of this acquisition yet to come. The world is slowly learning as a society we need to do the best we can to live with Covid (as we did with Influenza), while realising 2 years in we need to allow operations to resume some normality. While doing the best we can with Vaccination continued development, modification and administrations. There will be new strains every season, but that is not something to freak out over, life will go on.
Would be good if the sticky small gain traders at 0.41 cleared out the way or just increased their sells then the SP looks like it could naturally rally back up to 0.48 resistance level. Always have a few that get in the way and scare potential buyers off

It would be good if the sticky small gain traders cleared out the way at 0.41 (or increased their sells at least), then the SP could naturally trend back up to high 0.4's at least. 0.48 next resistance point.

I never understand why people think that traders behaviour determines the value of a share. Longterm it is the performance of the company you need to look for and short term perhaps a good story. Not saying that the Plexure story was ever good, but whatever it is even a good story lasts only that long.

Lets face it - the only thing Plexure / Task needs to do is to deliver in the years to come a healthy revenue CAGR coupled with positive earnings.

As soon as they do this, the share price will magically increase.

So far however they delivered only meagre (for a growth company) revenue growth coupled with patchy (and growing again) losses and regular capital rises. Not good enough.

Hope is not a good investment strategy.

[Maxtrade]

Not appearing like any sellers at 0.40 finally, even after red day in the states. Positive sign SP has found it's floor. Charts starting to look more weighted on the buy side.

[Greekwatchdog]

A win to end the week..


https://www.nzx.com/announcements/384132

[Baa_Baa]

A win to end the week..


https://www.nzx.com/announcements/384132

TASK continuing a great run of new deals and customer expansions, signing up Sydney Cricket Ground (SCG) and the new Sydney Football Stadium (SFS) precinct.

The customer is Venues NSW, they are a NSW Government agency incorporated under the Sporting Venues Authorities Act to manage a portfolio of sports and entertainment venues, including:

• Stadium Australia
• Sydney Cricket Ground
• Sydney Football Stadium
• Bankwest Stadium
• McDonald Jones Stadium
• WIN Stadium
• WIN Entertainment Centre
• Newcastle Entertainment Centre and Showground

Note the quote from the announcement "... The decision was bolstered, not only by TASK’s reputation as an industry leader, but also by the benefits of streamlining technology efficiencies gained by Venues NSW implementing TASK at all their other stadium venues in the state."

Less than a month ago 17 Nov, Plexure advised deals with:

Compass Group – one of the world’s largest foodservice groups and a customer of
TASK in New Zealand, has contracted to roll out TASK across Compass’ operations in
Australia;

Gloria Jeans – TASK has won the contract to provide a full solution for Gloria Jeans
operations (in excess of 50 stores) in the United States;

Sky Stadium – has contracted TASK to provide their transaction platform for the
stadium, with rollout completed by early next year;

Bakers Delight – went live in October with TOLO which it is rolling out region by region.
All New South Wales stores are now online;

Starbucks – which currently utilises TASK POS, has now contracted to TASK to drive
the Starbucks app across all stores in Australia;

Franchised Food Company – which includes Cold Rock Ice Creamery, Healthy Habits
and Pretzel World, has completed the roll out of TASK which includes POS, loyalty and
TOLO;

Retail Food Group – driving increased transaction volumes via TOLO and uber eats
integration activations across multiple brands;

Hawkesbury Racing Club – has implemented TASK across its operations; and

Pita Pit – extension to the Plexure contract to include the full TASK technology stack,
including the addition of POS and kiosk services, kitchen video, digital signage, third
party delivery aggregations (e.g. uber eats), online ordering, loyalty and mobile app.

[BlackPeter]

TASK continuing a great run of new deals and customer expansions, signing up Sydney Cricket Ground (SCG) and the new Sydney Football Stadium (SFS) precinct.

Less than a month ago 17 Nov, Plexure advised deals with:

...
(many more ....)
...

Pita Pit – extension to the Plexure contract to include the full TASK technology stack,
including the addition of POS and kiosk services, kitchen video, digital signage, third
party delivery aggregations (e.g. uber eats), online ordering, loyalty and mobile app.

So - how much money are they going to make from all these "wins"? ... or is this a case of following Pyrrhus?

[Baa_Baa]

So - how much money are they going to make from all these "wins"? ... or is this a case of following Pyrrhus?

It would be a rare thing for a technology company announcement to include revenue or profit guidance from a new contract. One thing we do know is that the merger acquisition of TASK was underpinned by confidence in the TASK 'pipeline' and projecting TASK revenues to over double in the current FY. The succession of new deals and customer expansions announced since the merger would indicate that confidence is well placed.