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$1.33 plexure group limited

Instos' like to under value so they can buy low. Wait for them...

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minimoke

2,816 Posts.

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12/11/20

11:11

Post #: 48821493
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Originally posted by healthyinvestor: ↑

Yup I was listening to. Got some good insights, especially the 8 new mcd's customers and the RFP. Also theme parks which would be good business for them.

He said that the $1.20 per share was about right in terms of how institutions valued the business, so the share price might've got ahead of itself, but at least that's a floor for them. I expect with the cash that around $1.30-1.40 is about right.

And interestingly if they want to do an acquisition they'll come back to the market to raise cash for it.

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Instos' like to under value so they can buy low. Wait for them to spruik so they can sell higher.

RFP with 14 QSR's isn't that great - but if its a small part of a larger portfolio I'll take it.

Price at posting: $1.55 Sentiment: Buy Disclosure: Held
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0 Great analysis

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