Plexure [NZX:PX1] [ASX:PX1]: Could This Kiwi Small-Cap Stock Be Set to Skyrocket?

Plexure [NZX:PX1] [ASX:PX1] went on an interesting ride throughout 2020.

This small-cap stock was affected due to Covid-19, like most companies.

However, in their annual report, they announced that they had made a net profit. They had made more than the previous financial year, despite the pandemic hammering businesses hard.

 

Source: Plexure Annual Report 2020

 

Note: These results are to 31 March 2020.

An additional interim report showed a differing picture for the 6 months beyond to 30 September 2020:

 

Source: Plexure Interim Report to 30 September 2020

 

Even though revenue is still up on the same period last year, now we see the Company taking a heavy loss. And cash at bank declining 35%.

It is clear that the financial period beyond March 2020 has impacted the business. This may account for some investor concern on the rising stock price. And impatience for the business to achieve higher profits.

You must be eager to know what Plexure’s core business model is after that short explanation. There is always excitement when it comes to small-cap stocks, especially in small isolated countries like New Zealand…

 

Please select below:



Already a Member? Sign In Here

Daily Wealth

Daily Wealth

Subscribe now to get your exclusive eBook report — ‘Growth & Income: Why You Can’t Ignore This Property Stock Now’ — and receive the investor’s newsletter and podcast capturing the most decisive financial events that could impact your wealth.

By clicking Subscribe, you agree you’ve read and accepted our Privacy Policy. You can cancel at any time.


Alistair is the Chief Technology Officer at Wealth Morning. An experienced developer, his responsibilities include the website, ecommerce and our WealthMail system. He is an investor and trader in his own right with a strong interest in high-growth technology businesses and cryptocurrency. He previously worked in web development and digital strategy with a leading local bank. Alistair is a shareholder of Wealth Morning.


HTML Snippets Powered By : XYZScripts.com
Wealth Morning Stock Market News, Finance and Investments