TASK turnaround profitable

That was an exceptionally good 1H result including increased guidance, the turnaround is well underway and the SP is still miserably under valued imo.

The key take out from the results call other than the excellent results, profitable and upgraded guidance, was more about the questions afterwards. Particularly that a number of broker/insto's were asking the questions. Hopefully this bodes well that big money is showing an interest (TSK up 33.9% on ASX).

The best question imo was, in a nutshell, "why the heavy focus on the US and what about other markets?". Answer was, both. US market because they have realised a competitive advantage with their end-to-end solution, one stop shop, rather than the fragmented multiple suppliers that currently exist. South East Asia also a focus as strong interest in the end-to-end solution.

Re-enforcing the McD's 5-year contract, now profitable and only two-months increased revenue since signing, will weigh in on the H2 results for the Plexure division. Reference to Starbucks Aus taking up the full product suite (implying success could spill over into international markets). Reference also to the Stadiumss, Pita Pit, Tank .. all coming on stream.

There's quite a few implementations underway that will become revenue +ve in H2. Increased revenue and profit guidance was underpinning the confidence that the new management have and that came through in the presentation regarding the turnaround.

I'm very pleased with the results and the outlook.