TSK - TASK Group Holdings

[sommelier]

https://www.facebook.com/plexurelive...type=3&theater

Is this real? Apologies to non-Facebook users.

[silverblizzard888]

https://www.facebook.com/plexurelive...type=3&theater

Is this real? Apologies to non-Facebook users.

Yeah I saw that earlier and was wondering about that as well. Here we are thinking Plexure is a tiny unknown NZ company and next think you know the Nasdaq who Plexure has nothing to do with is being congratulated by them in the most strongest and public way ever. Perhaps its hint at a future possible listing in the US. Shows how underrated these guys are, especially given their clients and exposure.

[Ghost Monkey]

https://www.facebook.com/plexurelive...type=3&theater

Is this real? Apologies to non-Facebook users.

Wait.... what?

[Leftfield]

https://www.facebook.com/plexurelive...type=3&theater - Is this real?.

Nice for staff and investors to dream of a NYSE listing, however, I urge a small reality check. There are NYSE capital and size requirements to be met. If it was all so easy PPH and XRO would have done it by now. (Just saying.)

[Brain]

Nice for staff and investors to dream of a NYSE listing, however, I urge a small reality check. There are NYSE capital and size requirements to be met. If it was all so easy PPH and XRO would have done it by now. (Just saying.)

Probably a takeover is more likely than a NYSE listing. If it did happen I hope that the shareholders would do better than we did out of the Diligent takeover.

[silverblizzard888]

Not to make a farfetched comparison, though looking at a company like Serko who only produces $18 million in revenue and a profit of $1.8 million being worth $260 million with revenue growth at 20-30% a year, makes you consider how undervalued Plexure is if it can find the same consistency.

PLexure has $8 million revenue and a possible $2 million profit if next 6 months is similar to past 6 months. Market cap at $27 million, nearly a tenth of Serko. Revenue also grew 51%, while this may slow with FY17 at 61%, last 6 months at 51%, so likely case 30-40% expected growth going forward.

[Lola]

not to make a farfetched comparison, though looking at a company like serko who only produces $18 million in revenue and a profit of $1.8 million being worth $260 million with revenue growth at 20-30% a year, makes you consider how undervalued plexure is if it can find the same consistency.

Plexure has $8 million revenue and a possible $2 million profit if next 6 months is similar to past 6 months. Market cap at $27 million, nearly a tenth of serko. Revenue also grew 51%, while this may slow with fy17 at 61%, last 6 months at 51%, so likely case 30-40% expected growth going forward.

not farfetched at all

[McGinty]

Not to make a farfetched comparison, though looking at a company like Serko who only produces $18 million in revenue and a profit of $1.8 million being worth $260 million with revenue growth at 20-30% a year, makes you consider how undervalued Plexure is if it can find the same consistency.

PLexure has $8 million revenue and a possible $2 million profit if next 6 months is similar to past 6 months. Market cap at $27 million, nearly a tenth of Serko. Revenue also grew 51%, while this may slow with FY17 at 61%, last 6 months at 51%, so likely case 30-40% expected growth going forward.

I did the sums on the same comparison between PLX and SKO, with the difference of annualising the Rev ($16m - HY of $8m x 2), add a little growth in there and you get SKO's numbers on with a 90% discount on market price.

Of course PLX has a checkered past and operating in a different space with its own risks that need consideration.

Disc: not holding but watching closely

[Baa_Baa]

Probably a takeover is more likely than a NYSE listing. If it did happen I hope that the shareholders would do better than we did out of the Diligent takeover.

Neither are particularly likely.

PLX is in deep with Microsoft, very deep. There's no need for MS to acquire PLX when PLX are completely reliant on MS technologies underpinning their platform. Very unlikely any other party would acquire PLX while MS have such a dominant technology influence and could tip the boat anyway, anywhere anytime they want to. There will be no Angel exit for the major shareholders.

There's no way PLX is listing on NASDAQ either, they are a very long way from the minimum listing requirements. Maybe one day, but not anytime soon.

What punters might want to do some research on is:

- why there are no new customers for years? Maybe they've been busy rolling out McD's, IKEA and 7-Eleven, but what would we know since they stopped communicating the important stuff to shareholders ages ago.

- who noticed that the brains trust has also left? I'll leave it to you to figure out which technical minds have moved on to new ventures, those were the brains that envisaged the strategy, the app, the platform and the back-end architecture. All gone.

- making a profit is easy, if you downsize the personnel expenses and rationalise the sales capability (maybe an indicator for both of the above) while modestly growing the revenue as existing customers stores are rolled out.

- where have all the other customers gone? The website lists only three now, there were some big names that are no longer mentioned.

Dig deeper. DYODD and you will perhaps discover why this is still a 15-20 cent share. It is also a target for nimble traders who know how to scalp a 50 - 100% profit in a few days or weeks off the back of gullible investors who know nothing about the company except that its shareprice suddenly seems to have gone up a bit.

I reckon Balance will be along shortly to remind us all about the checkered history of this company, it's backdoor listing, how the promoters have made more money than anyone else.

[Balance]

I did the sums on the same comparison between PLX and SKO, with the difference of annualising the Rev ($16m - HY of $8m x 2), add a little growth in there and you get SKO's numbers on with a 90% discount on market price.

Of course PLX has a checkered past and operating in a different space with its own risks that need consideration.

Disc: not holding but watching closely

Another Serko?

OMG! How can I miss such a gem?

Maybe it's because the promoters and directors have been rushing for the exit with their precious shares everytime there's 'good' news while Serko's directors put more money in!