TSK - TASK Group Holdings

[Balance]

Worst case Maccas buys them for $500M in 2 yrs best case ARR goes to $200M and they are worth $1B+ in 4 yrs.

Why would Macca buy PX1? They already obtain all the services they want at other PX1 shareholders’ expense for their $5m investment!

[winner69]

Shareprice down a bit but no huge sell off .....that’s good

[Balance]

Shareprice down a bit but no huge sell off .....that’s good

It’s down more than 50% from last year already!

[winner69]

It’s down more than 50% from last year already!

And nearly 50% below recent capital raise ...ouch

Your mate still trading this ....he be doing well now

[Baa_Baa]

Why would Macca buy PX1? They already obtain all the services they want at other PX1 shareholders’ expense for their $5m investment!

That's an interesting way of looking at it, when in fact McDonalds accounts for 94% of total revenue, one would equate that to $27,401,000 FY21 (one year) investment (fees) to "obtain all the services they want", which has nothing to do with their shareholding in the company.

I see no reason why McDonalds would buy Plexure unless they decided a one-time expense of say (~$116m market cap minus ~$11m they already own) = ~$105 million (no premium) purchase price at today's market cap would have a payback equivalent of no ongoing service fees after about 4 years, but still retain the expenses of running the company.

And of course they would require current investors to agree to a buyout, which would seem highly unlikely at no premium to market cap (using example above) and even less likely when you consider who the top 10 shareholdings are.

Yeah nah.

[Baa_Baa]

Craig might be ruing the day he told the media about the new customer, that hasn't been signed. Wonder what Phil thinks of his loose lips? That imo is the single biggest reason that the SP has fallen away from the cap raise / SPP price. For Phil alone, that's about $1.9 million paper loss since the cap raise, let alone from the $1.59 high SP when they announced the cap raise / IPO.

[Schrodinger]

That's an interesting way of looking at it, when in fact McDonalds accounts for 94% of total revenue, one would equate that to $27,401,000 FY21 (one year) investment (fees) to "obtain all the services they want", which has nothing to do with their shareholding in the company.

I see no reason why McDonalds would buy Plexure unless they decided a one-time expense of say (~$116m market cap minus ~$11m they already own) = ~$105 million (no premium) purchase price at today's market cap would have a payback equivalent of no ongoing service fees after about 4 years, but still retain the expenses of running the company.

And of course they would require current investors to agree to a buyout, which would seem highly unlikely at no premium to market cap (using example above) and even less likely when you consider who the top 10 shareholdings are.

Yeah nah.

Beacause its a strategic risk if they dont.

[Justin]

Why would Macca buy PX1? They already obtain all the services they want at other PX1 shareholders’ expense for their $5m investment!

There are more than $5m because the McDonald opt in the recent capital raise.

[Balance]

Beacause its a strategic risk if they dont.

They will pick up the company for $1 or on the generous side, 1 Big Mac combo when PX1 is in strife.

[Baa_Baa]

Beacause its a strategic risk if they dont.

Can't agree unfortunately, as Arbroath pointed out earlier today:

"- basically a $30m revenue business now
- $42m of cash to fund development plans so about 4-5 years cash"

That's not a strategic risk imo. The company has 36% of its market cap as cash in the bank!

Really think the notion of a takeover by McDonalds is very very unlikely. I'd prefer to think they'll be happy to let Plexure get on with its strategy execute the plan.