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24-02-2020, 02:56 PM
#2971
Originally Posted by jonu
Don't be so greedy Balance. Should've got back in @ 88. Here's hoping you missed the boat.
Not me - I am no trader.
But why around 80c*?
Wait for the full year's results and imo, it will become abundantly clear that the McDonalds' deal is a 'bleeder' for PLX. Once you read that PLX was looking to add between 60 to 100 staff to service the business, you know that McDonalds has done the classic IBM deal.
IBM deal you say? Yes - IBM puts some money into a company it contracts to obtain services or products off, and that company attempts to leverage off the IBM connection but alas, finds it is hamstrung by the contract and proceeds to bleed until the inevitable.
Provenco found out the hard way with its Petronas deal and Wynyard was so busy signing up deals it forgot that to survive, sales is half the equation only - the sales must also be profitable.
Onwards and downwards to April!
* May be lower.
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24-02-2020, 03:03 PM
#2972
Originally Posted by Balance
Not me - I am no trader.
But why around 80c*?
Wait for the full year's results and imo, it will become abundantly clear that the McDonalds' deal is a 'bleeder' for PLX. Once you read that PLX was looking to add between 60 to 100 staff to service the business, you know that McDonalds has done the classic IBM deal.
IBM deal you say? Yes - IBM puts some money into a company it contracts to obtain services or products off, and that company attempts to leverage off the IBM connection but alas, finds it is hamstrung by the contract and proceeds to bleed until the inevitable.
Provenco found out the hard way with its Petronas deal and Wynyard was so busy signing up deals it forgot that to survive, sales is half the equation only - the sales must also be profitable.
Onwards and downwards to April!
* May be lower.
If you're right it is a bad business model for McDs. Why would they want to push one of their suppliers to the brink? I doubt McDs have any interest in acquiring PLX. They normally stick to their knitting.
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24-02-2020, 03:05 PM
#2973
Originally Posted by jonu
If you're right it is a bad business model for McDs. Why would they want to push one of their suppliers to the brink? I doubt McDs have any interest in acquiring PLX. They normally stick to their knitting.
Who said anything about McD having any interest in acquiring PLX?
Why buy the cow when you can get the milk cheap?
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24-02-2020, 03:05 PM
#2974
Originally Posted by Balance
Who said anything about McD having any interest in acquiring PLX?
Why buy the cow when you can get the milk cheap?
Can't get the milk if the cow is dead.
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24-02-2020, 03:13 PM
#2975
Originally Posted by jonu
Can't get the milk if the cow is dead.
The cow will be kept alive by others but McD will get the milk as contracted cheap.
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24-02-2020, 03:23 PM
#2976
Originally Posted by Balance
Learn the hard way years ago to avoid backdoor listed companies.
If a business is good and can stand scrutiny, it will go full frontal - not try and sneak in the backdoor.
First post 2013 - hate reverse listings.
Originally Posted by Balance
Exactly.
Look at who are behind the listings.
We have in NZ, a Stock Exchange which puts profit above all else.
Second post 2013 - hate these promoters.
Originally Posted by Balance
Wait for the full year's results and imo, it will become abundantly clear that the McDonalds' deal is a 'bleeder' for PLX.
Onwards and downwards to April!
* May be lower.
Almost seven YEARS later, still down ramping. Boring. Credibility on PLX, none.
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24-02-2020, 03:44 PM
#2977
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24-02-2020, 04:18 PM
#2978
Originally Posted by Baa_Baa
First post 2013 - hate reverse listings.
Second post 2013 - hate these promoters.
Almost seven YEARS later, still down ramping. Boring. Credibility on PLX, none.
Down ramping?
Ramping up?
You write in a language that only rampers understand.
Related to Plus SMS & Snakk?
Last edited by Balance; 24-02-2020 at 05:03 PM.
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25-02-2020, 09:55 AM
#2979
Originally Posted by Balance
Not me - I am no trader.
But why around 80c*?
Wait for the full year's results and imo, it will become abundantly clear that the McDonalds' deal is a 'bleeder' for PLX. Once you read that PLX was looking to add between 60 to 100 staff to service the business, you know that McDonalds has done the classic IBM deal.
IBM deal you say? Yes - IBM puts some money into a company it contracts to obtain services or products off, and that company attempts to leverage off the IBM connection but alas, finds it is hamstrung by the contract and proceeds to bleed until the inevitable.
Provenco found out the hard way with its Petronas deal and Wynyard was so busy signing up deals it forgot that to survive, sales is half the equation only - the sales must also be profitable.
Onwards and downwards to April!
* May be lower.
Told my friend to reset buy back of stock sold at 98c at 75c - that's where it will be by end of month.
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25-02-2020, 10:25 AM
#2980
Man you must feel like a magic man balance. Great timing with the general market decline 😂
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