TSK - TASK Group Holdings

[Cobber]

My guess is their waiting for a lot more check-in data around retail footprints so they don't have to use beacons.

Snakk Media is already pinpointing users within a few feet of their GPS.

If Facebook can open this service up without beacon's, they are essentially leap frogging the industry.

Here's a good article on determining SAAS company valuations:

https://techcrunch.com/2016/10/07/de...-saas-company/

[Baa_Baa]

Here's a good article on determining SAAS company valuations:

https://techcrunch.com/2016/10/07/de...-saas-company/

Thanks for the link Cobber, have you run the PLX numbers through the model?

Currently I have PLX around a paltry 2.6x at SP $0.28

[winner69]

Thanks for the link Cobber, have you run the PLX numbers through the model?

Currently I have PLX around a paltry 2.6x at SP $0.28

That link is only a summary

Todd's full report can be downloaded here
http://www.saas-capital.com/resources/

I've always found his reports very informative ....but when I have posted links / quoted parts of them in the past sone posters have said they are a load of crap.

Maybe the latest report gives some insights as to PLX is valued at only about 3 times ACMR which I would admit looks on the light side

[Baa_Baa]

That link is only a summary

Todd's full report can be downloaded here
http://www.saas-capital.com/resources/

I've always found his reports very informative ....but when I have posted links / quoted parts of them in the past sone posters have said they are a load of crap.

Maybe the latest report gives some insights as to PLX is valued at only about 3 times ACMR which I would admit looks on the light side

Perhaps part of the issue with such a poorly xTimes ACMR valuation is that PLX isn't what you could call a 'traditional SaaS company'. They have a relatively small number of larger clients (businesses) who pay a much higher monthly fee than the likes of a XRO who have 100's of thousand of small clients (SME's) paying small monthly fees. Not sure whether that has a bearing on PLX valuations as a SaaS company but I suspect it is a factor using these valuation models.

In any event, PLX seems way undervalued by my calcs, by at least half. It's currently just above half of it's 52 week highs, and has been more or less for quite some time, especially with $10m ACMR guidance. Probably just not well understood by the typical NZX value/earnings investor? In fact I've heard some in the angel/investor community who basically say that an early stage listing in NZX has turned out to be the worst way of funding a startup/high-growth company.

If that has any basis, we can look forward to PLX coming of age in the near term and a significant re-rate in the SP.

[Harvey Specter]

Baa Baa - enterprise customers v SME isn't an issue. Salesforce is one of the earlier SaaS companies and it focuses more on enterprise. It obviously has the scale now that losing a few big customers wouldn't cripple its business. PLX churn number is low but that could just be a function of few clients, all of which it has been lucky to retain - if it lost McD it would be a bloodbath.

I think it is undervalued, but part of that is probably a risk weighting due to the lumpy nature of new sales and the potential churn issue.

[Cobber]

Baa Baa - enterprise customers v SME isn't an issue. Salesforce is one of the earlier SaaS companies and it focuses more on enterprise. It obviously has the scale now that losing a few big customers wouldn't cripple its business. PLX churn number is low but that could just be a function of few clients, all of which it has been lucky to retain - if it lost McD it would be a bloodbath.

I think it is undervalued, but part of that is probably a risk weighting due to the lumpy nature of new sales and the potential churn issue.

PLX revenue's are far too low to be worthy of anyone's attention. They need to get to $25 mill+ before anyone is going to start getting excited.

I personally wouldn't call them a typical SaaS model either. It's not like you go to their website, sign-up and start using their tools.
You have to go through an integration process where the software is adapted to your business.... similar to SAP.

[winner69]

Share price down to 21.5 cents

Somebody spooked by Wynyard events - worried PLX might be the next cab on rank?

At least PLX say they need more dosh and are actively seeking it ......before it's too late

[winner69]

Panic over - back to 24 now

[winner69]

The 40% rule - see's PLX just below the line ...but not in the real bad area like WYN and GEO

Interesting article and chart in this tweet

@ClareCapital: Here is the image from our weekly tech report that goes with this @modsta piece: https://t.co/v2cOf8OSUW https://t.co/vHWdtRzwLk

[Cobber]

The 40% rule - see's PLX just below the line ...but not in the real bad area like WYN and GEO

Interesting article and chart in this tweet

@ClareCapital: Here is the image from our weekly tech report that goes with this @modsta piece: https://t.co/v2cOf8OSUW https://t.co/vHWdtRzwLk

Not great news for a company who missed $10 mill in ACMR target. Only another 6 weeks to go to see if they will make the new deadline they gave investors.