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04-10-2021, 11:25 AM
#5801
Originally Posted by winner69
You work for TASK baabaa
Never seen you so excited and passionate about such things before
Keep it going ….you getting us all really excited as well
For the record, I don't work for Plexure or Task, but I do own shares in the company and have done since 2014, accumulating an overweight position in my portfolio. It's true, I am very excited about the future of Plexure & Task.
This acquisition of Task by Plexure imo stacks up in many ways, but in the words of the Independent Advisor's Report by Simmons ...
"In our opinion, after having regard to all relevant factors, the positive aspects of the TASK Merger (including the TASK Allotment) significantly outweigh the negative aspects from the perspective of the Current Shareholders.”
It's hard not to be excited about this:
"The Strategic Rationale for the Task Merger
Plexure currently offers an extensive customer engagement platform. Its key barrier is integration into the customer’s POS or enterprise management systems.
Task provides a state-of-the-art enterprise POS solution that will enable Plexure to offer a fully integrated system, providing an end-to-end enterprise hospitality and retail engagement platform.
Task also offers Plexure access to new industry verticals (such as casinos, restaurant chains, stadiums and food service) and access to a large, diverse, quality client base.
The Board’s rationale for the transaction is set out in detail in section 2 of the Explanatory Memorandum attached to the notice of special meeting (the Explanatory Memorandum) and is summarised below:
• complementary product sets – the combination of operations and customer engagement product capability will create an end-to-end platform that can improve clients’ digital transformations
• diversification of Plexure’s customer base – Task brings a range of global clients that include multi-national restaurant chains, food service businesses and entertainment and stadium venues across Australia and increasingly in North America and Europe. This will diversify Plexure from its heavy reliance on McDonald’s (which accounted for 94% of Plexure’s revenue in the 2021 financial year)
• development capability – Task’s development capability based in Poland and Australia will complement Plexure’s development team based in New Zealand and ensure the combined group achieves its combined software development ambitions more efficiently than Plexure would be able to achieve alone
• scale, growth and synergies – Task brings material additional recurring software revenue to the combined group. The Board believes the combined group will be better positioned to capture the significant opportunities open to either Task or Plexure on a standalone basis. Furthermore, the combined group will be able to share corporate functions such as finance and human resources.
In our view, the strategic rationale for the Task Merger is compelling. The Task Merger is effectively a merger of equals and will be transformational for Plexure. The Company’s operations will broaden from providing a customer engagement solution for a relatively small number of customers (and being heavily reliant on one – McDonald’s) to being an end-to-end cloud engagement and transaction platform
provider for a number of major hospitality and retail enterprises. The transaction will diversify Plexure’s customer base, expand the product portfolio for both companies and should generate cross-selling opportunities."
And while the acquisition drama was unfolding, Task closed three new deals; Sky Stadium, Bakers Delight and Compass Group.
Last edited by Baa_Baa; 04-10-2021 at 11:27 AM.
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05-10-2021, 01:06 AM
#5802
Originally Posted by Baa_Baa
It reminds me of when you could buy XRO for $0.65.
Paid double that, but did alright….Plexure is my favourite type of company; small, under followed and misunderstood.
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05-10-2021, 09:38 AM
#5803
Originally Posted by Baa_Baa
It reminds me of when you could buy XRO for $0.65.
Originally Posted by Curly
Yeah and now they are $140.39 aud. Could the same happen here ???
Originally Posted by aperitif
Paid double that, but did alright…. Plexure is my favourite type of company; small, under followed and misunderstood.
Pick a random sample of 20 start ups ... and one of them in average will be successful (i.e. return more money to shareholders than they take).
What makes you believe that PX1 belongs to the successful 5% which will (after many years of trying) succeed (like XRO seems to do ...) and not to the 95% who fail (like e.g. WYN, GEN, OHE, CRP, CBL, ...). Lets face it, what all these companies had in common is that they have been misunderstood (by their investors, this is). Not sure, though I would call them underfollowed. Normally being overhyped is a bigger problem - not for the companies, but for the the late arriving investors. Great stuff for traders, though.
Anyway - while Plexure has a long history of living off shareholder funds, the final verdict about its success still stands out.
All the best to holders ...
Last edited by BlackPeter; 05-10-2021 at 09:46 AM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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05-10-2021, 10:35 AM
#5804
Refund paid back, let's go shopping..
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05-10-2021, 03:46 PM
#5805
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06-10-2021, 08:44 AM
#5806
Member
Originally Posted by pg0220
Hi all, expect a price drop as I hopped on today.......
lol, I think we've all been there!
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13-10-2021, 10:54 AM
#5807
Heading down to cap raise price...
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13-10-2021, 11:07 AM
#5808
Member
I thought low 60 was a good entry point! Won't be long till we get some updates and hopeful new customers onboarded through the TASK relationships.
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13-10-2021, 03:05 PM
#5809
Junior Member
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15-10-2021, 05:45 PM
#5810
Directors getting some shares while the price is so low, must know something good is coming
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