TSK - TASK Group Holdings

[winner69]

Nothing like a success story is there

[Maxtrade]

Nothing like a success story is there

They were oversold down to 0.4's after Task acquisition. Trend flatlined, very low volume sales were all that really deflated SP from 0.6 /0.5's (see historical volume trades crossed against SP trending momentum). Sellers starting to recognise and gain confidence that the dip has formed plus new contracts announced. Market since stabilised and rally's up off lower dip trough. Pretty standard, was always coming after such a large 35% discount off previous SP level on offer. We are happy to have acquired more.
2022 looking good. Dan does have a good proven track record. Positive for PX1/Task collaboration will see benefits for the company. Was a smart decision to join both companies. Steady hands often catch the first 20-25% reversal bounce, then the second subsequent 20% rally . Will likely see more funds find there way to PX1 as investors see opportunity and beating market trends, (bargain hunter buyers) who diversify more of portfolio out of for example energy stocks etc that will take a bit longer for a recovery due to dividends not being quite as appealing as previous. General global news and WHO comments already coming out that might have been a bit premature and an overreaction out of caution to effects of Omicron. World slowly but surely will learn to 'roll with the punches' as each new seasonal variant arrises (it's not anything new in that aspect, similar to influenza/ yearly flu shots). Sporting events will become a part of our normal lives again as will everything else.

Unless traders jump in today will likely see low stable movement today. Followed by another push rally up to the 0.5's end of week maybe. Those on the fence waiting to see direction that haven't yet but would like to get in on the dip, sense of motivation will likely be stronger as see 0.45 level broken (and sustained) pushing past 0.46. Then will likely find a bit of sticky resistance around the 0.52-0.55. Unlikely will surge past this level until further positive updates, extensions of contracts to more venues and continued forward momentum. However if this happens sooner and Task really is proving itself then that might be key and could see SP rise sooner than we might think. When tracks back into 0.60's/0.70's (where it was at only 2 months ago). 0.50's will most definitely be looked back upon as a buying opportunity soon to follow. Remember the SP only momentarily dipped down to 0.5 level when Covid first completely rocked the markets in March 2020. Then rallied to $1.50. Now has touched down on double lower end trough. When SP reaches back to even just 0.70's, would be a 50% return on today's SP. Not many stocks have that potential currently (while securing good potentially extensive contracts /see links in posts above). Hence the attraction for value buyers looking for strong returns in shorter time frames. Once the market catches on and sees PX1 has stabilised found its dip and is rallying, combined with positive announcements will see more volume trading, which in turn will attract more confidence and more volume in turn driving SP back up to where it would otherwise comfortably be sitting. Not going to go as far as making calls for peak $1.50 just yet, (far too early). But 0.70 level is conservative and the first port of call quite comfortably.

Will likely see some of the volume that was hoping to buy in at just passed bottom of dip, realising they will need to up their bids to not miss out on getting in sub 0.50

[BlackPeter]

They were oversold down to 0.4's after Task acquisition. Trend flatlined, very low volume sales were all that really deflated SP from 0.6 /0.5's (see historical volume trades crossed against SP trending momentum). Sellers starting to recognise and gain confidence that the dip has formed plus new contracts announced. Market since stabilised and rally's up off lower dip trough. Pretty standard, was always coming after such a large 35% discount off previous SP level on offer. We are happy to have acquired more.
2022 looking good. Dan does have a good proven track record. Positive for PX1/Task collaboration will see benefits for the company. Was a smart decision to join both companies. Steady hands often catch the first 20-25% reversal bounce, then the second subsequent 20% rally . Will likely see more funds find there way to PX1 as investors see opportunity and beating market trends, (bargain hunter buyers) who diversify more of portfolio out of for example energy stocks etc that will take a bit longer for a recovery due to dividends not being quite as appealing as previous. General global news and WHO comments already coming out that might have been a bit premature and an overreaction out of caution to effects of Omicron. World slowly but surely will learn to 'roll with the punches' as each new seasonal variant arrises (it's not anything new in that aspect, similar to influenza/ yearly flu shots). Sporting events will become a part of our normal lives again as will everything else.

Unless traders jump in today will likely see low stable movement today. Followed by another push rally up to the 0.5's end of week maybe. Those on the fence waiting to see direction that haven't yet but would like to get in on the dip, sense of motivation will likely be stronger as see 0.45 level broken (and sustained) pushing past 0.46. Then will likely find a bit of sticky resistance around the 0.52-0.55. Unlikely will surge past this level until further positive updates, extensions of contracts to more venues and continued forward momentum. However if this happens sooner and Task really is proving itself then that might be key and could see SP rise sooner than we might think. When tracks back into 0.60's/0.70's (where it was at only 2 months ago). 0.50's will most definitely be looked back upon as a buying opportunity soon to follow. Remember the SP only momentarily dipped down to 0.5 level when Covid first completely rocked the markets in March 2020. Then rallied to $1.50. Now has touched down on double lower end trough. When SP reaches back to even just 0.70's, would be a 50% return on today's SP. Not many stocks have that potential currently (while securing good potentially extensive contracts /see links in posts above). Hence the attraction for value buyers looking for strong returns in shorter time frames. Once the market catches on and sees PX1 has stabilised found its dip and is rallying, combined with positive announcements will see more volume trading, which in turn will attract more confidence and more volume in turn driving SP back up to where it would otherwise comfortably be sitting. Not going to go as far as making calls for peak $1.50 just yet, (far too early). But 0.70 level is conservative and the first port of call quite comfortably.

Will likely see some of the volume that was hoping to buy in at just passed bottom of dip, realising they will need to up their bids to not miss out on getting in sub 0.50

Hmm ... so far this looks to me like an unbroken text book downtrend:

PX1.JPG

Nice to hear what you hope for what might happen in such a detail, but unless you have some insider knowledge you want to share with us ... it is just that - hope. If they find a way to make more money from their customers than they spend into them, they might be in the long run successful, otherwise there might be some hype driven jitter and long term they will fold.

[Maxtrade]

Well done Baabaa and max ......your efforts have made PX1 top of the leaderboard today .....the star of the NZX

Good stuff

Only a few read this forum to help share info/news to each other (maybe a couple of other analysts). There is not a strong following, far from having any effect on the NZX. More likely investors and analysts are simply starting to see the same as us. Also takes a little while to flow on through media to mainstream. ie Sports venues and Tasks signing etc

[Maxtrade]

Duly noted. 12 wk EMA will be first to break @ 0.5. Recent MACD, OSC and Momentum all showing signs of trend change.

No selling pressure today showing from yesterdays ~10% gain, also a positive sign indicating a rallying trend change from the dip.

The following quote is of key importance. The fact they won this contract from all other competitors speaks to the benefits and strengths over competitors.

“The Venues NSW team had a lot of considerations to weigh up as we contemplated several key factors in this key technology decision. Not only is scalability and architecture vital, but we were also focused on the customer experience journey at SFS and an uplift from the previous system’s capabilities at SCG. It was important to consider the efficiencies gained from the one solution across all our venues. TASK came up trumps in every facet of the evaluation and we are delighted to report that the team have proven to be knowledgeable, supportive, and agile in adapting solutions to business problems at every turn. We’re really looking forward to a future of innovation and partnership with this exceptional company” said Tim Blight, Head of Technology at Venues NSW.

[sb9]

Last traded price on ASX AU 45.75c and on NZX NZ 44.5c, wow what a disparity. You'll be forgiven to think that NZD is higher than AUD.

[sb9]

Strong finish on ASX at AU 47c...

[Baa_Baa]

Strong finish on ASX at AU 47c...

More volume than NZX today and a few %$ higher, maybe the Aussies are catching on to how well TASK are doing and now they're effectively listed on ASX?

[Maxtrade]

NZX SP to play catchup to ASX.

[BlackPeter]

NZX SP to play catchup to ASX.

More likely ASX bringing it down again ... so far highest NZX bid for PX1 is 44 cents, highest ASX bid is 43 cents (but sure, still a bit early for the ASX).

Remember - one sunray does not make a summer ...