-
02-04-2019, 08:37 AM
#2391
Member
(Bloomberg) -- Fresh off a tech acquisition last week, McDonald’s Corp. is making an investment in a mobile-app company to further its digital push.
The world’s biggest restaurant company is spending about $3.7 million for a 9.9 percent stake in Auckland, New Zealand-based Plexure Group Ltd., which already works with McDonald’s on its mobile app internationally. Under the new agreement, Plexure won’t sell some of its services to McDonald’s fast-food competitors, the companies said Monday.
-
02-04-2019, 08:39 AM
#2392
Originally Posted by Nice Option
(Bloomberg) -- Fresh off a tech acquisition last week, McDonald’s Corp. is making an investment in a mobile-app company to further its digital push.
The world’s biggest restaurant company is spending about $3.7 million for a 9.9 percent stake in Auckland, New Zealand-based Plexure Group Ltd., which already works with McDonald’s on its mobile app internationally. Under the new agreement, Plexure won’t sell some of its services to McDonald’s fast-food competitors, the companies said Monday.
Pretty amazing eh
http://nzx-prod-s7fsd7f98s.s3-websit...813/297764.pdf
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
02-04-2019, 08:47 AM
#2393
WOW, Where to from here, I note that because of this investment that PLX is now tied to McDonalds.
-
02-04-2019, 08:52 AM
#2394
That’s a cheap way of ensuring that Maccas keeps its competitive advantage. Maybe the share price might respond a bit to that announcement
-
02-04-2019, 08:54 AM
#2395
Well its nearly as good as a acquisition lol, its a great sign of confidence and further strengthening and great acknowledgement of their partnership. 25.8% premium on yesterdays share price, looks like we're in for a pretty green day today!
Also a bonus at the end of the statement. On 12th March they said they passed 100 million users from 47 countries, today they write they have 110 million users from 49 countries, rapid user growth! Good work Plexure.
Last edited by silverblizzard888; 02-04-2019 at 09:03 AM.
-
02-04-2019, 09:03 AM
#2396
I hope you are right Silver but this is an unloved share it may not move much.
-
02-04-2019, 09:28 AM
#2397
Fantastic news, reduces the major risk of losing their biggest customer. It does seem to tie them down a little more, but hopefully they will develop their other opportunities outside QSRs. They also now have a bunch of cash to spend on further developments.
-
02-04-2019, 09:42 AM
#2398
Originally Posted by Brain
I hope you are right Silver but this is an unloved share it may not move much.
Looks like theres barely any shares left to be bought, 39 cent on open, all the love you could ask for and hopefully more to come
-
02-04-2019, 09:45 AM
#2399
Let me see: a strategic investment from a massive multinational, guaranteed $1M+ revenue increase from new contract, minimum performance measures agreed by Macca's. Only downside is they they couldn't do the dive thru and other stuff that their new acquisition can.
Looks good to me.
-
02-04-2019, 09:59 AM
#2400
FOMO is in full effect...
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks