TSK - TASK Group Holdings

[winner69]

upward trend to continue today?

[Leftfield]

Thanks for your input, I'm trying my best...

Between the pessimistic and neutral the range is only $1.05 - $1.40

The question is, how can you estimate a share price within a few cents and call it reliable? When no one knows the future... My analysis gives me a wide range where i believe if i buy shares at a margin of safety under the pessimistic value i will be pretty set for the future no matter what the price ends up (as long as it's trading at or above my lowest range).

You have done well...... don't let the sideline knockers knock you that you are accurate down to the last cent.

Always good to do your sums to try and figure a future SP. However, at the end of the day the market makes up its own mind, and anyone's guesstimates are just that.

Crikey, even the brokers get it wrong (and they know everything!)

[Cobber]

Quote from plexure 2019 fy report :

“2019 has been Plexure Group’s (NZX:PLX) most successful year to date. The Company’s trading performance has improved dramatically: the net loss after tax reduced by 58% to $0.703m from FY18 but after removing the impact of the accounting treatment for the convertible note, the Company would have delivered a net profit after tax of $0.948m.”

Imo, $0.948m compared to fy2020 1m net profit, didn’t match with 50% increase of revenue from 16.9m to 25.3m.

This is probably one of the best observations made on the results. Thanks for sharing.

[King1212]

U got u remember...2019..staff was less than 2020....so.....the revenue increase...staff cost also increase..... investors should happy PLX is not burning cash like XRO PPH ....before they are currently at today position

[Checkmate]

You have done well...... don't let the sideline knockers knock you that you are accurate down to the last cent.

Always good to do your sums to try and figure a future SP. However, at the end of the day the market makes up its own mind, and anyone's guesstimates are just that.

Thanks mate, that's exactly right.

Crikey, even the brokers get it wrong (and they know everything!)

This is so true

[Checkmate]

upward trend to continue today?

That'd be great!

[blobbles]

This is probably one of the best observations made on the results. Thanks for sharing.

Yup, I reckon the worm turned in 2019, it is now a very good looking company (finally, after years of bulls*#t under VMob branding and crap management). I guess there was only one way to go though?

I reckon you guys should have a "Very optimistic" scenario. It seems like all your scenarios have an "organic growth" component. But there is a chance they onboard some more large customers this year and double their numbers. Their offering get's more and more compelling as their tech improves. Their tech could be huge for the marketing departments of any large companies that aren't quite there yet. Hence they are a very attractive proposition for a number of large companies trying to sell their product in a world where consumers are suddenly watching their spending closely.

[Justin]

U got u remember...2019..staff was less than 2020....so.....the revenue increase...staff cost also increase..... investors should happy PLX is not burning cash like XRO PPH ....before they are currently at today position

I read some where McDonald’s contributed around 80% or 90% of their revenue, why these revenue can’t turn to decent profit or they can’t manage spending to deal with McDonald’s? Or like Balance’s thoughts McDonald’s used them as cheaper labor?

[mfd]

I read some where McDonald’s contributed around 80% or 90% of their revenue, why these revenue can’t turn to decent profit or they can’t manage spending to deal with McDonald’s? Or like Balance’s thoughts McDonald’s used them as cheaper labor?

Maybe a little of both. They would have signed the contract with McDonald's from a position of weakness and may not have survived without them. It's fantastic that they are doing well enough from them to stay cash flow positive, develop new features, and build up other customers.

McDonald's may not push the company's profits into the stratosphere, but they kept the lights on, allowed the company to keep developing the product, and now it's a huge vote of confidence and case study to bring in new customers, where Plexure will be negotiating from a position of strength.

Additionally, the company has told us they sign a new contract with each countries McDonald's, and they are trying to make the new contracts more favourable (based on users or transactions rather than stores).

[Balance]

I read some where McDonald’s contributed around 80% or 90% of their revenue, why these revenue can’t turn to decent profit or they can’t manage spending to deal with McDonald’s? Or like Balance’s thoughts McDonald’s used them as cheaper labor?

Caution :

PLX made a loss in H2.

And they were still recruiting to service the McD contract. So costs are going to increase in H1 2021.

Seen too many of these type of deals in the past - IBM was infamous for sucking small service provider contractors dry before picking them up for a song, or simply allowing them to fall by the wayside after completion of contracts.

Then there’s Wynyard and Provenco - heaps of long tail contracts requiring extensive servicing & support which ended up bankrupting both.

Better hope that PLX’s McD contract is different! 😳