TSK - TASK Group Holdings

[SailorRob]

Maybe excellent update but share price just hit 53 cents

Hope just one or two punters panicking and share price it recovers quickly

TSK revenue has just passed Apple and it's become the most profitable company in the world

Share price is down 13% on the news

'Winner' wants it back up FAST.

Wow

[SailorRob]

Share price down on ASX as well …below 50

Suppose excellence is in the eyes of the beholder

Wrong,

it's measured in CASH RETURN ON CAPITAL INVESTED

[Ggcc]

Excellent quarterly update:

Highlights
• TASK continued to trade profitably during the quarter, expanding the reach of its platform and suite of services for existing customers.
• New TASK customer contracts executed in the North American QSR and Food Service segments.
• Multiple new markets to join the Plexure platform in 2023, including a number of significant markets in Asia.
• Commenced and successfully completed buy-back of unmarketable parcels of shares (post period end).
• Strong cash position of $20.5 million at end of June 2023.

Customers & Markets
• Both divisions continue to invest in capability and capacity to address increasing customer demand, with hiring in Engineering, IT Support, Customer Account Management, plus Services and Support leadership roles in TASK’s Sydney office.
• The Plexure division has been working closely with McDonald’s to support the onboarding of multiple new markets onto the Plexure platform in FY24, including a number of significant markets in Asia.
• The TASK division commenced deployments for Retail Food Group (Crust - pizza segment), with implementation scheduled to be completed in the coming quarter.
• Several new TASK customer contracts were executed in the North American QSR and Food Service segments.
• Strong progress on additional North American growth initiatives during the quarter, focused on building the TASK division’s partnership strategy in the region.

However the market is seeing this announcement, I am not negative about it. It looks solid and has ticked most of my boxes.

[davflaws]

The market was clearly expecting more. More what?

[usenet]

looking deeper it look normal and business as usual

extra 7m product manufacturing and operating costs this quarter which
is for working capital and new hosting cost, understandable if you winning new market and expanding

this cost will get recoup in future quarters

[winner69]

Receipts from customers line not too flash

Dec22 Qtr 14.5m
Mar23 Qtr 17.0m
Jun23 Qtr 13.0m


Let’s say seasonality the reason eh but this quarter less than Dec …hmmm

No FY24 revenue guidance yet?

Might be passing Apple at this rate

[SailorRob]

Receipts from customers line not too flash

Dec22 Qtr 14.5m
Mar23 Qtr 17.0m
Jun23 Qtr 13.0m


Let’s say seasonality the reason eh but this quarter less than Dec …hmmm

No FY24 revenue guidance yet?

Might be passing Apple at this rate

You are looking at the cash flow statement.

Not the income statement.

[SailorRob]

What's the story with their relationship with Uber Eats?

A word search of latest annual report finds no mention.

[Baa_Baa]

What's the story with their relationship with Uber Eats?

A word search of latest annual report finds no mention.

I don't think they have a 'relationship' with Uber Eats, they mentioned it as an example of "third party delivery aggregations (e.g. uber eats)," and "driving increased transaction volumes via TOLO and uber eats integration activations across multiple brand" ... in here http://nzx-prod-s7fsd7f98s.s3-websit...957/359391.pdf

[SailorRob]

I don't think they have a 'relationship' with Uber Eats, they mentioned it as an example of "third party delivery aggregations (e.g. uber eats)," and "driving increased transaction volumes via TOLO and uber eats integration activations across multiple brand" ... in here http://nzx-prod-s7fsd7f98s.s3-websit...957/359391.pdf

Check their website, uber eats is listed as them being 'integrated with'.