TSK - TASK Group Holdings

[Schrodinger]

yep and posters above say they havent delivered customers well they did add Pita Pit and now $14m new customers... to increase revenue to $43m. This is all about the growth though and if they can land good quality logos.

[Leftfield]

would be good to see them release a high level plan around growth opportunity. The last group of executives were good at tidying up loose ends/very diligent, but never was there thinking beyond 2 years. There is no "in between" for rev multipliers. Any rev multiplier lower then 5 spells slowish growth. If they can show opportunity which leads to increased rev beyond 50% growth (YOY) then they can start hitting valuations of 10+ times rev. Otherwise this merger will be another NZX sleeper. I'm curious just how fatigued this new executive team will be. 20 Plus years in their current role is beyond fatigue setting in.

I listened to the investors conference today.... some points noted;

- They claim back office efficiencies will create savings, but are going to keep the two systems seperate for now
- PLX's contract renewal with McD still ongoing, not signed, but PLX optimistic.
- PLX still excluded from McD USA and see's this as ongoing.
- Task, more bullish on new contracts and mentioned the potential to double USA contract revenue
- Task has better customer mix than PLX with no one customer accounting for more than 5% revenue

In short Task more bullish than PX1.

I'm going to continue to watch from the sideline. GLH.

[Schrodinger]

would be good to see them release a high level plan around growth opportunity. The last group of executives were good at tidying up loose ends/very diligent, but never was there thinking beyond 2 years. There is no "in between" for rev multipliers. Any rev multiplier lower then 5 spells slowish growth. If they can show opportunity which leads to increased rev beyond 50% growth (YOY) then they can start hitting valuations of 10+ times rev. Otherwise this merger will be another NZX sleeper. I'm curious just how fatigued this new executive team will be. 20 Plus years in their current role is beyond fatigue setting in.

Looks like the sons have taken over from the parents so should be reasonably fresh. Both have decent equity in new entity so some motivation. I would hope there is more than financial goals however maybe some crusade to understand customer behaviours for a better world..

[winner69]

Love headlines like this


.

Plexure shares jump 10% on merger deal

[sb9]

I listened to the investors conference today.... some points noted;

- They claim back office efficiencies will create savings, but are going to keep the two systems seperate for now
- PLX's contract renewal with McD still ongoing, not signed, but PLX optimistic.
- PLX still excluded from McD USA and see's this as ongoing.
- Task, more bullish on new contracts and mentioned the potential to double USA contract revenue
- Task has better customer mix than PLX with no one customer accounting for more than 5% revenue

In short Task more bullish than PX1.

I'm going to continue to watch from the sideline. GLH.

Thanks for that lf. Couldn't get onto conf call this arvo, might listen to it later if the recording was available.

Based on the news, I suspect they may give merged company TASK name and a new ticker code.

[winner69]

Thanks for that lf. Couldn't get onto conf call this arvo, might listen to it later if the recording was available.

Based on the news, I suspect they may give merged company TASK name and a new ticker code.

Changing name and ticker good move

Could help punters forget the baggage of the past

[aperitif]

Some gold nuggets in the conference call. Possible catalysts;

1)Sole ASX listing
2)Task currently working on two deals in USA to double FY21 revenue
3)Re rate - SaaS - OLO currently valued at LTM 38x revenue on the NASDAQ

Accumulating

[Balance]

Changing name and ticker good move

Could help punters forget the baggage of the past

From VLO to VMOB to PLX to TASK.

Once a backdoor, always a backdoor!

[winner69]

Some gold nuggets in the conference call. Possible catalysts;

1)Sole ASX listing
2)Task currently working on two deals in USA to double FY20 revenue
3)Re rate - SaaS - OLO currently valued at LTM 38x revenue on the NASDAQ

Accumulating

OMG - 38X times revenue

Hope PX1 gets rated like that ....but OLO has much better sales growth

Dreams are free though

[BlackPeter]

OMG - 38X times revenue

Hope PX1 gets rated like that ....but OLO has much better sales growth

Dreams are free though

I guess always a bit dangerous to pay too much on revenue, unless the growth rates are really flash and breakeven looks at least close. With PX1 - I guess the revenue CAGR so far does not look bad (50%), even if they need to buy some of it - it is just the earnings growth which looks a bit sick ; On the other hand - to be fair - they are somewhat reducing the annual loss per share, even if this is by adding more shares ; Clever bunch.

But hey - details - I recon some investors prefer big revenue growth over positive earnings ... Big is beautiful, making money is so yesterday and who cares about earnings growth anyway?