Supersize me: Plexure’s Task is to escape McDonald's

The immediate benefit of Plexure's tie up with Task is that it will no longer be solely reliant on McDonalds.

Mon, 30 Aug 2021

Plexure’s recent acquisition of Task appears to be an effort to wean the business off its dependency on McDonald's, but analysts are unsure if the $125 million purchase will create value. Forsyth Barr analysts Jamie Foulkes and Mark Robertson have given the stock an ‘outperform’ rating – mostly due to its low share price, which has fallen more than 20% this month and 50% this year.“We have yet to be convinced that the Task business model will create value for Plexure,” they wrote in a research note....

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