TSK - TASK Group Holdings

[Justin]

I wonder how many capital raise in the future? They used all the cash to merge TASK, and they are no cash in the bank at all?

[dompf]

From VLO to VMOB to PLX to TASK.

Once a backdoor, always a backdoor!

balance you’ve seen this stuff for years. I wanted plx to be good but I don’t think you’re wrong.

[winner69]

Norman is truly delusional comparing Plexure to Olo

In NZ Herald -


“Our internal value analysis indicates [the merger price] represents a very fair value for the business," he said, noting the recent NYSE (New York Stock Exchange) listing of online ordering software business Olo.

That company processes about three times the number of transactions as Task in the United States and recently listed at a valuation of US$3.6 billion ($5.1b).

[carpfish]

Norman is truly delusional comparing Plexure to Olo

In NZ Herald -


“Our internal value analysis indicates [the merger price] represents a very fair value for the business," he said, noting the recent NYSE (New York Stock Exchange) listing of online ordering software business Olo.

That company processes about three times the number of transactions as Task in the United States and recently listed at a valuation of US$3.6 billion ($5.1b).

You obviously never listened to it, but like most you can’t help but comment anyway.

There was never any sort of comparison between Plexure and OLO.

The comment was in regards to similarities between OLO and Task. As stated OLO make about 3x the transactions as Task do, in the same/similar industry but they are valued at 5.1b in the US. (38x revenue)

[sb9]

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.

Link to conf call, if anyone keen..

https://www.plexure.com/announcement...sk-to-merge-2/

I think Dan is the man and get a feeling he's got few aces up his sleeve.

[sb9]

And reading between lines, seems as though Craig wanted to bail out as he was not front runner for CEO role for merged entity.

[Getty]

Looks like the sub 61c weak hands have been shaken out, and the remaining holders are ready to milk their next Macca shake.

[Justin]

Norman is truly delusional comparing Plexure to Olo

In NZ Herald -


“Our internal value analysis indicates [the merger price] represents a very fair value for the business," he said, noting the recent NYSE (New York Stock Exchange) listing of online ordering software business Olo.

That company processes about three times the number of transactions as Task in the United States and recently listed at a valuation of US$3.6 billion ($5.1b).

so it means we got bargain price at A120m？

And how much Plexure worth now? Why issue new shares at 60 cents?

[Leftfield]

Looks like the sub 61c weak hands have been shaken out, and the remaining holders are ready to milk their next Macca shake.

More likely the SP will bounce around at these levels (60c) until the cap raise is sorted.

[Sideshow Bob]

And reading between lines, seems as though Craig wanted to bail out as he was not front runner for CEO role for merged entity.

From Business Desk:

Plexure chair says CEO exit unrelated to merger

Plexure chair Phil Norman says the sudden resignation of his chief executive, which sent the share price spiralling 20% two weeks ago, was unrelated to the merger announced yesterday.
“There was no connection, Craig [Herbison] had been talking to us for a while about his own priorities,” he told BusinessDesk.

Read on »