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17-11-2021, 09:25 AM
#5881
What a sad half year announcement ….declining sales ……growing expenses ….much bigger loss
Seems they had to ‘buy’ TASK to save the day …Plexure would have been a goner (broke) if they hadn’t …but know we just get get another round of stories (even case studies) as to how great the future is going to be
Seems we have to have HUGE faith in this TASK guy if punters are ever going to see any progress
Almost beyond hoping …praying might be a better strategy
http://nzx-prod-s7fsd7f98s.s3-websit...957/359391.pdf
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-11-2021, 09:25 AM
#5882
Member
IT costs from existing client activities also increased by 40% versus last year
15 years working in the technology industry, this is quite a significant issue that they need to resolve. This tells me there was a lot of rework (defects) to make things work for their customers.
Good luck to holders, I will be keeping an eye on their future reporting to see if they improve on their growth execution before dipping my toes in.
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17-11-2021, 09:27 AM
#5883
Let’s clear the deck of NZ ……list as TASK on ASX
Good idea
More greater fools on the other side of Tasman
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-11-2021, 09:29 AM
#5884
Originally Posted by winner69
Let’s clear the deck of NZ ……list as TASK on ASX
Good idea
More greater fools on the other side of Tasman
I feel they might end up doing that exactly for that reason. More money not the fools part
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17-11-2021, 09:32 AM
#5885
Imagine if the task transaction hadnt happened?!?? what an absolute joke of a company!
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17-11-2021, 09:37 AM
#5886
Junior Member
Originally Posted by fiasco
IT costs from existing client activities also increased by 40% versus last year
15 years working in the technology industry, this is quite a significant issue that they need to resolve. This tells me there was a lot of rework (defects) to make things work for their customers.
Good luck to holders, I will be keeping an eye on their future reporting to see if they improve on their growth execution before dipping my toes in.
Yeah, this stood out for me as well.
An increase in the volume of users hasdriven up platform activity, resulting inincreased platform hosting costs andadditional support and maintenancecosts of $5.6 million (up 40% on PCP).
Yet there was only a $1.1M increase in licensing revenue. Makes me wonder what will happen if the volume of users continues to increase.
Last edited by kappa; 17-11-2021 at 09:39 AM.
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17-11-2021, 10:05 AM
#5887
Sheesh not good reading. Did anyone manage to find any good news in the report?
I had this on my watchlist as a potential buy but happy to stay on the sideline a bit longer now...
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17-11-2021, 10:18 AM
#5888
Originally Posted by shwatch
Loss worse than last year, looks like TASK winning more business and kicking the old Plexure strategy into touch with more ancillary bolt-ons to existing relationships like Pita Pit.
Could this be the true dawn post capital raise or another wasted opportunity?
If listed only as Task, what would that do to PX1 shareholders and the SP?
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17-11-2021, 10:27 AM
#5889
Originally Posted by fiasco
IT costs from existing client activities also increased by 40% versus last year
15 years working in the technology industry, this is quite a significant issue that they need to resolve. This tells me there was a lot of rework (defects) to make things work for their customers.
Good luck to holders, I will be keeping an eye on their future reporting to see if they improve on their growth execution before dipping my toes in.
McD deal is bleeding PX1 and will continue to bleed the company until the Plexure side of the business is gutted.
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17-11-2021, 10:40 AM
#5890
What the muck have the fish heads been doing over the last couple of years , Phi! please explain !!?
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