TSK - TASK Group Holdings

[Baa_Baa]

Didn’t they say in previous guidance it was tracking to be profitable for FY 23? Guess we have to wait and see but seeing as they are reaffirming prior guidance I’d almost be expecting full year being profitable, no?

Yes "Outlook – FY23 Guidance Reaffirmed
The Group is tracking to meet its FY23 guidance, with total revenue expected between $59.0 – 62.0 million and adjusted EBITDA between $8.5 – 9.5 million."

https://www.nzx.com/announcements/406037

[winner69]

Yes "[FONT="]Outlook – FY23 Guidance Reaffirmed[/FONT]
The Group is tracking to meet its FY23 guidance, with total revenue expected between $59.0 – 62.0 million and adjusted EBITDA between $8.5 – 9.5 million."

https://www.nzx.com/announcements/406037

Maybe Checkmate was asking about real profit, like NPAT

EBITDA $9m still likely to see a LOSS

[Ggcc]

Maybe Checkmate was asking about real profit, like NPAT

EBITDA $9m still likely to see a LOSS

On the 1/8/22 they announced this. Before the upgrade

Plexure expects, for the year ending 31 March 2023, total revenue of circa NZD$56 million, compared with NZD$32.6 million reported in the previous financial year . EBITDA, adjusted for non-cash employee share charges of NZD$5.2 million, is expected to be a profit of NZD$3.7 million for the year. This compares to an adjusted EBITDA loss of NZD$13.1 million for the previous financial year.

[Rawz]

On the 1/8/22 they announced this. Before the upgrade

Plexure expects, for the year ending 31 March 2023, total revenue of circa NZD$56 million, compared with NZD$32.6 million reported in the previous financial year . EBITDA, adjusted for non-cash employee share charges of NZD$5.2 million, is expected to be a profit of NZD$3.7 million for the year. This compares to an adjusted EBITDA loss of NZD$13.1 million for the previous financial year.

Thats sneaky. They should have said positive $3.7m ebitda compared to negative $13.1m ebitda in the previous year

Saying profit.. tsk tsk (lol) its like they are trying pull a swift one on us

[Rawz]

So if EBITDA going to be $9m
less employee share charges $5.2m
less amort $11.2m (double half year)
less dept $2m (double half year)
tax $0?

NPAT= -$9.4M?

[winner69]

So if EBITDA going to be $9m
less employee share charges $5.2m
less amort $11.2m (double half year)
less dept $2m (double half year)
tax $0?

NPAT= -$9.4M?

That -$9.4m will be a lot better than the -$24.0m in F22 eh Rawz

But a profit is a profit no matter how you calculate it .."but I suppose they trying to say they making a cash profit

[Rawz]

That -$9.4m will be a lot better than the -$24.0m in F22 eh Rawz

But a profit is a profit no matter how you calculate it .."but I suppose they trying to say they making a cash profit

Yeah im not saying its bad. As long as revenue keeps a high double digit growth rate all will be well. Real profits can come later and cash profits are just fine for now.

[Cobber]

Yeah im not saying its bad. As long as revenue keeps a high double digit growth rate all will be well. Real profits can come later and cash profits are just fine for now.

I was wondering why the share price hadn't moved.

It would be better if they communicated this up front, otherwise a lot of potential new investors are just going to think management are a bunch of sneaks and stay away.

So real profits in 2024 then?? How long will everyone be waiting?

[Rawz]

I was wondering why the share price hadn't moved.

It would be better if they communicated this up front, otherwise a lot of potential new investors are just going to think management are a bunch of sneaks and stay away.

So real profits in 2024 then?? How long will everyone be waiting?

Ian Cassel, a microcap specialist investor and founder of http://MicroCapClub.com says if you want to succeed with microcaps (like Task) then only invest in them when they are profitable. Well he actually says invest in them the quarter BEFORE they are going to be profitable, this way your returns are best.

Because he is a pro he does it earlier but for plebs like me he recommends the safest way is the profitable hurdle.

Personally I like it if the microcap is growing revenues fast and have cash.... lots of cash on the balance sheet and there isnt too much cash burn. Like the company will be able to grow organically without asking shareholders for more capital.
This is why i like IKE so much. IKE for years had to keep going to shareholders with the begging bowl. Now they are self sufficient, growing rapidly and profitable or nearly profitable.

As for TASK they are growing revenue rapidly and have lots of cash and cash burn is minimal. so seems all good to me however not sure how much of that is actual growth or just merger growth. I need to do more research.

FY24 profitable? not sure

[Ggcc]

1.7 million shares trading at $0.37. That’s a large parcel.