TSK - TASK Group Holdings

[Maxtrade]

New broom et al , well done imo!!

Task was always going to be the saving grace for the combined company. Plexure's integration systems still had value to Task, hence the acquisition. Onto better and brighter company future. The tides have turned. Yes great for shareholders. As we have been noting previously this hasn't really yet been realised or factored into current SP. These levels will soon be looked back on as a nice discounted re-entry point come 2nd quarter 2022

Market is loving the news also, largest volume we have seen moving on open in a long while. 0.48 volume sold through. If 0.49 volume sells through looking like the rally we have been commenting on is happening sooner than mentioned in previous posts.

[whatsup]

New broom et al , well done imo!!

Market likes it ( as it should ! !! )

[Maxtrade]

Looks like it broke 0.49. 1 Stickler seller at 0.495 then back up into the 0.5's range for reasons in previous post comments. Now volume buyers are feeling more confident coming in setting the momentum forward. Looking like 0.50 breakthrough point today on the cards. Rally has been in motion since lower trough formed in the 0.4's range.

[Maxtrade]

Happening as we speak. Those that have been sitting on the fence are jumping back in as expected. Back up to at least CR price today. Sooner than we were predicting pre-xmas. Possible could now see 0.6 level tested pre xmas (or sooner at this rate).

Just as quickly as it fell 20%, will now rise 20% round 1, then another 20% round 2. A quick 20% return for those that bought in and were following our posts back when levels touched down low 0.4's. Now another 20% on the upside to be made from 0.5 to 0.6 level.

Looks like a few unsteady hands still with the mentality to sell at where they bought in CR 0.52. After being in the red for a bit, probably thinking might just get out and break even. However better to remember why you bought in at CR price in the first place, hold confidence and realise the 20% upside now rather than sell for nothing at 0.52.

[sb9]

Happening as we speak. Those that have been sitting on the fence are jumping back in as expected. Back up to at least CR price today. Sooner than we were predicting pre-xmas. Possible could now see 0.6 level tested pre xmas (or sooner at this rate).

To test that range, needs another/more new contract announcement/s.

[Maxtrade]

Agree, might hover around 0.49-0.52 level for a bit, before we have another positive update sending SP back up into 0.6 range. Will need to be in at 0.5 level as next bounce will likely be news related and a quick rally like todays.

55,000 traded through 0.5. As nervous sellers accumulate at 0.50 they are getting hit by mid size buys, all positive, momentum, MACD, technicals looking supportive.

Pushing through 12EMA key level.

TSK ASX ($1) does have a nice ring to it doesn't it

[Baa_Baa]

There’s still the McDonald’s contract which will continue to bleed Plexure/TASK for years to come however.

Unless I'm mistaken, there is no evidence that the Mc'Donalds contract in TOTO is loss making. Do you have some numbers to the contrary?

[Baa_Baa]

Permanent cost reductions and heaps more.new contracts …..all good going forward

$8m is a large chunk of labour expenses saved, 55 FTE 'non-engineering' staff. That's a huge boost to the second half financials.

[Maxtrade]

$8m is a large chunk of labour expenses saved, 55 FTE 'non-engineering' staff. That's a huge boost to the second half financials.

Yes, one of the reasons why we are seeing more volume buying at 0.51 today and will likely see SP sitting back in CR 0.52 at close today.

[winner69]

Unless I'm mistaken, there is no evidence that the Mc'Donalds contract in TOTO is loss making. Do you have some numbers to the contrary?

Forgotten what TOTO stands for …..knew once …..can you please remind me …cheers