Announcement • Jul 10
PAR Technology Corporation (NYSE:PAR) completed the acquisition of TASK Group Holdings Limited (ASX:TSK). PAR Technology Corporation (NYSE:PAR) agreed to acquire TASK Group Holdings Limited (ASX:TSK) for AUD 320 million on March 8, 2024. TASK Group shareholders will receive AUD 0.9 for their share. As of July 4, 2024, the shareholder of TASK Group approved the transaction. The transaction is still subject to court approval. The transaction is expected to close on July 19, 2024. King & Wood Mallesons, Australia Branch acted as legal advisor and Latimer Partners Pty Ltd acted as Financial advisor to TASK Group Holdings Limited. Computershare Investor Services Pty Limited acted as registrar to TASK. Phillip R. Mills, Corey M. Goodman, Robert F. Smith and Mary K. Marks of Davis Polk & Wardwell LLP acted as legal advisor to TASK Group Holdings Limited. PRICEWATERHOUSECOOPERS AUSTRALIA SERVICES PTY LTD as Australian and New Zealand acted as accountant to TASK in relation to the Scheme.PAR Technology Corporation (NYSE:PAR) completed the acquisition of TASK Group Holdings Limited (ASX:TSK) on July 10, 2024. Announcement • May 31
TASK Group Holdings Limited to Report First Half, 2025 Results on Nov 26, 2024 TASK Group Holdings Limited announced that they will report first half, 2025 results on Nov 26, 2024 Announcement • May 29
TASK Group Holdings Limited to Report Fiscal Year 2024 Results on May 31, 2024 TASK Group Holdings Limited announced that they will report fiscal year 2024 results Pre-Market on May 31, 2024 Announcement • Mar 12
PAR Technology Corporation (NYSE:PAR) agreed to acquire TASK Group Holdings Limited (ASX:TSK) for AUD 320 million PAR Technology Corporation (NYSE:PAR) agreed to acquire TASK Group Holdings Limited (ASX:TSK) for AUD 320 million on March 9, 2024. Announcement • Sep 27
TASK Group Holdings Limited, Annual General Meeting, Nov 21, 2023 TASK Group Holdings Limited, Annual General Meeting, Nov 21, 2023. Announcement • Sep 22
TASK Group Holdings Limited Announces Resignation of Mr. Mitchell Bowen as Non-Executive Director STASK Group Holdings Limited announced that Mr. Mitchell Bowen has resigned as a Non-Executive Director with immediate effect. Mr. Bowen has advised the Board that he is stepping down in order to balance his Board duties with his other increasing professional commitments. Announcement • Sep 05
TASK Group Holdings Limited announces Appointment of Glenn Day as Group Chief Financial Officer TASK Group Holdings Limited announced the appointment of Mr. Glenn Day as Group Chief Financial Officer, effective immediately. Mr. Day has more than 20 years' experience as a senior finance executive across the software, financial services and superannuation sectors. He was most recently CFO and Company Secretary of previously ASX-listed businesses, Kyckr Pty Limited (delisted following its acquisition in November 2022) and Class Limited, where he held responsibility for accounting and finance, corporate governance, compliance, investor relations, company secretarial activities,treasury and M&A. He holds a Bachelor of Business from Western Sydney University, majoring in Accounting and is a member of CPA Australia. Recent Insider Transactions • Jun 05
Independent Non-Executive Director recently bought NZ$81k worth of stock On the 31st of May, Manda Trautwein bought around 132k shares on-market at roughly NZ$0.62 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought NZ$2.4m more in shares than they have sold in the last 12 months. Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: NZ$0.001 (vs NZ$0.091 loss in FY 2022) Full year 2023 results: EPS: NZ$0.001 (up from NZ$0.091 loss in FY 2022). Revenue: NZ$65.4m (up 100% from FY 2022). Net income: NZ$365.0k (up NZ$24.4m from FY 2022). Profit margin: 0.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Oceania. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year. Reported Earnings • Dec 03
First half 2023 earnings released First half 2023 results: Revenue: NZ$26.7m (up 97% from 1H 2022). Net loss: NZ$4.60m (loss narrowed 46% from 1H 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Oceania. Announcement • Nov 28
Task Group Holdings Limited Updates Financial Guidance for the Fiscal Year 2023 Task Group Holdings Limited announced that in light of the improving revenue and earnings trend reported for the last six months, and confidence in the impact of new terms with McDonald's and other contracts executed throughout first half 2023, the Group has upgraded its fiscal year 2023 guidance and expects total revenue between $59.0 million to $62.0 million. This reflects an increase of up to 11% on previous guidance issued in August. Announcement • Nov 22
Task Group Holdings Limited to Report First Half, 2023 Results on Nov 28, 2022 Task Group Holdings Limited announced that they will report first half, 2023 results on Nov 28, 2022 Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Phil Norman is the most experienced director on the board, commencing their role in 2012. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 05
Insider recently bought NZ$1.9m worth of stock On the 1st of November, Scobie Ward bought around 4m shares on-market at roughly NZ$0.46 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought NZ$2.0m more in shares than they have sold in the last 12 months. Board Change • Nov 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Phil Norman is the most experienced director on the board, commencing their role in 2012. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Phil Norman is the most experienced director on the board, commencing their role in 2012. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 21
Plexure Group Limited Approves Board Changes Plexure Group Limited at its AGM held on September 20, 2022, announced that Mr. Phil Norman stepped down as Chairman. He will be replaced by Mr. Bill Crichton, an existing Independent Non-Executive Director. Mr. Norman will remain on the Board as an Independent Non-Executive Director. As part of a Board renewal, Ms Sharon Hunter, Mr. Brian Russell, Mr. Robert Bell and Mr. JackMatthews resigned as Non-Executive Directors with effect from 20 September 2022. Mr. Mitch Bowen and Ms Manda Trautwein were appointed Independent Non-ExecutiveDirectors with effect from 20 September 2022. Announcement • Aug 22
Plexure Group Limited Announces Board Changes Plexure Group Limited announced an orderly renewal of its Board. Non-Executive Directors Sharon Hunter, Brian Russell, Robert Bell and Jack Matthews will step down from the Board at the Company's Annual Shareholders' Meeting (ASM) on 20 September 2022. Plexure Non-Executive Director Bill Crichton will be appointed Chairman at the end of the ASM. Current Chairman Phil Norman will remain on the Board as a Non-Executive Director. Recent Insider Transactions • Aug 04
Insider recently bought NZ$235k worth of stock On the 2nd of August, Russell Bennett bought around 600k shares on-market at roughly NZ$0.39 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold NZ$235k more in shares than they bought in the last 12 months. Announcement • Aug 02
Plexure Group Limited Provides Earnings Guidance for the Year Ending 31 March 2023 Plexure Group Limited provided earnings guidance for the year ending 31 March 2023. For the period, the company expects, total revenue of circa NZD 56 million, compared with NZD 32.6 million reported in the previous financial year. Announcement • Jul 12
Plexure Group Limited, Annual General Meeting, Sep 20, 2022 Plexure Group Limited, Annual General Meeting, Sep 20, 2022, at 14:00 NZST - New Zealand Standard. Location: iHeart Lounge, Ground floor Building A, BDO Centre, 2-4 Graham Street, Auckland CBD Auckland New Zealand Agenda: Annual Shareholders Meeting. Announcement • Jun 30
Plexure Group to Be Deleted from Other OTC Plexure Group Ltd. Ordinary Shares (New Zealand) will be deleted from Other OTC effective June 30, 2022. The deletion is due to Inactive Security. Reported Earnings • May 31
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: NZ$0.091 loss per share (down from NZ$0.052 loss in FY 2021). Revenue: NZ$32.8m (up 12% from FY 2021). Net loss: NZ$24.1m (loss widened 203% from FY 2021). Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 100%. Over the next year, revenue is forecast to grow 38%, compared to a 46% growth forecast for the industry in New Zealand. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Price Target Changed • May 25
Price target decreased to NZ$0.77 Down from NZ$1.02, the current price target is provided by 1 analyst. New target price is 242% above last closing price of NZ$0.23. Stock is down 69% over the past year. The company is forecast to post a net loss per share of NZ$0.026 next year compared to a net loss per share of NZ$0.052 last year. Announcement • May 23
Plexure Group Limited to Report Fiscal Year 2022 Results on May 30, 2022 Plexure Group Limited announced that they will report fiscal year 2022 results on May 30, 2022 Announcement • Feb 25
Plexure Withdraws the Previous Revenue Guidance Consistent with the PX1 Interim Results announcement in November 2021, the non-recurring revenue in Plexure Group Limited has intentionally been deprioritised following the company's decisions to reduce headcount and focus on profitability. The market release for those Interim Results also pointed to early signs of the well-documented global supply chain issues, specifically the global chip shortage, that may have an impact on TASK's business. The Company has been carefully monitoring supply chain issues and is now of the view that the situation has deteriorated to the point that it will result in an inability to fulfil existing customer orders by year-end. This has accentuated uncertainty as to the timing and realisation of hardware sales and associated services revenue in the current environment. As a consequence of this uncertainty, Plexure is withdrawing the previous revenue guidance given in August 2021 of $45 million to $47 million. The Board of Plexure will evaluate whether it is appropriate to issue further revenue guidance in future as these uncertainties are resolved over time and Plexure notes that the Group is seeing additional customer demand and hardware revenue is expected to rebound as market conditions normalise. Reported Earnings • Nov 21
First half 2022 earnings released: NZ$0.049 loss per share (vs NZ$0.031 loss in 1H 2021) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2022 results: Revenue: NZ$13.5m (down 6.3% from 1H 2021). Net loss: NZ$8.50m (loss widened 93% from 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Nov 21
Insider recently sold NZ$463k worth of stock On the 19th of November, Craig Herbison sold around 753k shares on-market at roughly NZ$0.62 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of NZ$608k more than they bought in the last 12 months. Price Target Changed • Nov 18
Price target decreased to NZ$0.77 Down from NZ$1.02, the current price target is an average from 2 analysts. New target price is 77% above last closing price of NZ$0.43. Stock is down 69% over the past year. The company is forecast to post a net loss per share of NZ$0.026 next year compared to a net loss per share of NZ$0.052 last year. Recent Insider Transactions • Oct 01
Insider recently sold NZ$166k worth of stock On the 28th of September, Craig Herbison sold around 270k shares on-market at roughly NZ$0.61 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of NZ$711k more than they bought in the last 12 months. Recent Insider Transactions • Sep 14
Insider recently sold NZ$84k worth of stock On the 6th of September, Andrew Dalziel sold around 120k shares on-market at roughly NZ$0.70 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of NZ$546k more than they bought in the last 12 months. Major Estimate Revision • Aug 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -NZ$0.045 to -NZ$0.02 per share. Revenue forecast unchanged from NZ$33.4m at last update. Software industry in New Zealand expected to see average net income growth of 22% next year. Consensus price target down from NZ$1.52 to NZ$1.02. Share price rose 3.7% to NZ$0.56 over the past week. Price Target Changed • Aug 21
Price target decreased to NZ$1.02 Down from NZ$1.52, the current price target is an average from 2 analysts. New target price is 83% above last closing price of NZ$0.56. Stock is down 59% over the past year. Announcement • Aug 16
Plexure Group Limited (NZSE:PX1) entered into binding agreement to acquire Task Retail Pty Limited for AUD 120 million. Plexure Group Limited (NZSE:PX1) entered into binding agreement to acquire Task Retail Pty Limited for AUD 120 million on August 16, 2021. Under the agreement, Plexure Group Limited shall pay AUD 30 million through cash, AUD 90 million through issuance of new shares. For yar ended June 30, 2021, Task Retail Pty Limited has reported revenues of AUD 13.02 million (NZD 14 million) and EBITDA of AUD 2.23 million (NZD 2.4 million). Upon completion, current TASK advisor Bill Crichton will join the Board of Directors of Plexure Group. Daniel Houden will also join the Board of Directors of Plexure Group upon completion. The transaction is subject to Plexure shareholder approval. The transaction is also subject to Plexure undertaking a capital raising of up to AUD 20 million prior to completion. Executive Departure • Aug 05
CEO & Executive Director Craig Herbison has left the company During their tenure, earnings grew by 110% annually compared to the industry average of 16%. On the 4th of August, Craig Herbison left the company after 3.1 in the role. We don't have any record of a personal shareholding under Craig's name. Craig is the only executive to leave the company over the last 12 months. Under Craig's leadership, the company delivered a total shareholder return of 407%. Reported Earnings • May 21
Full year 2021 earnings released: NZ$0.052 loss per share (vs NZ$0.007 profit in FY 2020) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: NZ$29.4m (up 16% from FY 2020). Net loss: NZ$7.93m (down NZ$8.94m from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Mar 17
Chief Financial Officer exercised options to buy NZ$472k worth of stock. On the 16th of March, Andrew Dalziel exercised options to buy 519k shares at a strike price of around NZ$0.19, costing a total of NZ$98k. This transaction amounted to 52% of their direct individual holding at the time of the trade. Since December 2020, Andrew has owned 1.00m shares directly. Company insiders have collectively sold NZ$163k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Mar 10
Plexure Group Limited Revises Earnings Guidance for the Year Ended 31 March 2021 Plexure Group Limited revised earnings guidance for the year ended 31 March 2021. For the year, the company now expects total revenue to be NZD 29.2 million, NZD 0.2 million (1%) above the November 2020 ASX forecast of NZD 29.0 million and NZD 4.0 million, or 15.8%, ahead of the March 2020 result, subject to any major movements in the New Zealand dollar. Is New 90 Day High Low • Feb 13
New 90-day low: NZ$1.07 The company is down 24% from its price of NZ$1.40 on 13 November 2020. The New Zealander market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: NZ$1.19 The company is down 15% from its price of NZ$1.40 on 10 September 2020. The New Zealander market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 4.0% over the same period. Recent Insider Transactions • Nov 18
Chief Financial Officer recently sold NZ$462k worth of stock On the 16th of November, Andrew Dalziel sold around 333k shares on-market at roughly NZ$1.39 per share. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Nov 18
Chief Financial Officer exercised options to buy NZ$1.4m worth of stock. On the 16th of November, Andrew Dalziel exercised options to buy 948.05k shares at a strike price of around NZ$0.21, costing a total of NZ$200k. This transaction amounted to 1,825% of their direct individual holding at the time of the trade. As of today, Andrew currently holds no shares directly. Company insiders have collectively sold NZ$1.6m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 17
First half 2021 earnings released: NZ$0.031 loss per share The company reported a soft first half result with weaker earnings and control over expenses, although revenues were improved. First half 2021 results: Revenue: NZ$14.4m (up 23% from 1H 2020). Net loss: NZ$4.41m (down 475% from profit in 1H 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 16
New 90-day low: NZ$1.35 The company is down 4.0% from its price of NZ$1.41 on 18 August 2020. The New Zealander market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 38% over the same period. Is New 90 Day High Low • Oct 07
New 90-day high: NZ$1.58 The company is up 41% from its price of NZ$1.12 on 09 July 2020. The New Zealander market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 19% over the same period.