Don't know W69 ,just know well in the money. LTH after selling 1/2 @ $2.35 few months back :)
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A sign of the times, at least.
https://www.churchofengland.org/medi...is-summer.aspx
Good find. Very interesting. Any idea what system the COE is going to use?
Based on this article it would appear they are simply going to set up terminals, although that doesn't seem too efficient: https://www.ft.com/content/2e803942-..._Moreover//B2B
Definitely a crowded space with identical/similar offerings. I don't mind the cap raising by PPH so they can push into new churches. I can imagine it would be quite hard to convince a church to change when they are already set up with a competitor.
"....Definitely a crowded space with identical/similar offerings....".
No it's not on both accounts....
There is very little competition in PPH's market....and the digital payments are vastly different..
COE from what I'm reading are using terminals to swipe bank cards so you have to be present at the church to make a donation...PPH uses an app for smart phones and is online direct crediting and donations to the church is not limited by location. The app has multi-functions (see image below).PPH's entire system installed within an organisation can be a very powerful Push/Pull marketing tool....COE's system is a single function unit limited to using terminals, and yes COE's system is in a crowded competitive space....PPH online direct transactions has great potential as this space is not overcrowded with competitors yet and this transaction system is flexible and can be specifically altered to be used by any organisation..
I guess PPH apps can be used similar to online banking as any individual as well as businesses and organisations can set up repeative payments/sales/crediting using their credit cards/bank accounts/whatever via PPH app..
Where PPH differs from online banking programs is their multi-features.... example PPH is pushing into schools with this system see image from their website
http://14959-presscdn-0-21.pagely.ne...fographic-.png
Yes, COE's system certainly does appear to be rather backward, but it's still an advance over the incumbent method of donation I suppose.
The wider digital payments ecosystem (in app/in store/in website) could quite easily be dominated by Apple Pay and Android Pay, along with other newer entrants such as Samsung Pay. PPH do need to differentiate their offerings, and being a smaller more nimble company may give them the advantage they need.
Yes..my initial thoughts were the big guys dominating..such as e-wallets etc but these are single purpose programs.. PPH has a different product as their programs are multi-functional one stop marketing/communication tools that thats able to interconnect (network) ..I'm guessing interconnecting with any Bank is one function of many.
Disc: hold
Well, just in the USA in 2014, there are estimates of church giving at $50 Billion p.a. (https://www.fastcompany.com/3039328/...llection-plate) Add to that Canada, NZ, Australia, UK, rest of Europe, South America etc, etc and the amount is extremely large. So if PPH pick up 2% of USA giving alone, in a number of years, then they will process $1 Billion p.a.
Why stop at churches? Non-Christian religions can be brought into the fold too, if PPH employ people who can work in those arenas. I hate the idea, but PPH has to be an ideal app for televangelists with their routine appeals. Press a button in the studio at the right time and out goes a message with the give-me message and let the supporters respond. Perhaps the PPH directors have some genuine faith and are not willing to support this kind of behaviour.
This stock has really stagnated ☹️
Hi all,
We have been traveling through the USA for the past 3.5 months and spent considerable time in the lower very dedicated religious states. I would think this stocks prospects will only improve with large donation receipt increases due to Houston flooding. Time will tell! I have the faith.
Regards
-dodgy
But than - wouldn't these people see the Houston flood as god-sent punishment for electing an absolute crook and liar as president?
Maybe the god botherers choose now to put their money into building arks instead of increasing their digital giving? Might be a safer option given that Trump and his ilk are fuelling global warming ...
I think they'll hit the milestone of NZD$100M ACMR soon, which could see a spike in price. Plotted a chart from USD $62.6m achieved to 30/6 out to target USD $100m by 31/3/18. Line shows ACRM should be hitting USD$72 = NZD$100M anytime now. Hope they announce it when it happens as market would like them achieving this milestone faster than Xero.
Agreed, but Xero and others use ACMR, so when Pushpay hit, and report that achievement, at both a faster rate and lower share price: revenue ratio than Xero,we should see price boost.
A bit more interest today. Back over $2 again
Strong run over the ASX....another Xero for sure now...
Feels a bit like someone is building a stake. The volume has been tiny the last month, but suddenly yesterday and today it has spiked nicely.
Long may it continue.
DISC : holding
got in small parcel last week...when I saw the liquidity at ASX increased....
a lot of buying at ASX lately....Typhoon Irma is coming too so...more people are donating money at the churches :D
Harvey created havoc in Texas. Irma battered the triangle n approaching Florida. Then now....8.1 earthquake just hit Mexico....
What u guys think? Would be the year for PPH? Not that I m happy with all these natural disasters. But surely, churches will do more fund raising n donation....
They're a $500m company for reasons other I'd imagine...
I think it would be in their best interests to be seen to not make a profit from natural disasters of this magnitude. And ensure their customers know that they aren't.
I don't really think anybody cares whether they are profiting from disasters or not,it's a side issue really,they are providing an easy means of giving,that's what people care about.
If i was giving via my app to a church or charity for a disaster,am i considering the profit the app maker was making,no not really.
But then we are all different,but the average person isn't so analytical,and the churches don't care, they are the benefitting.
Nice price moves over past week or so....reading on other forum from our friend Moosie, it apprears Ord Minnet have a target price of AU $ 2.38 and rate the stock as a buy. That's NZ 2.62 at current fx rate.
The pattern seems over the last couple of weeks seemed to be weakness in the morning, presumably when only NZ buyers were in the market, then a lot of buying from offshore after 12pm which has pushed the price up. Could be interesting this afternoon if this continues.
2 millions of shares at $2.30...wow...what happening here...:D
Another decent crossing at current price level..
1 7 11:44:38 am 230 311,688 $716,882 Off Market
Here we go, big accumulation in progress..with one buyer bidding for 200k shares @2.31 on the trading depth.
I'm picking 2.50 soon, hey winner after all the gym guy's prediction might come right ;)
Sorry correction volume changed to 20k, the bidder must've put in an extra 0....
Moving nicely on the ASX..
What is the market expectation for the figures for the 11 October investor briefing?
sellers are drying up at ASX....high volume last couple days...the figures must be good this coming 11 October...
Ppb is the next Xero.....many disasters happening. ..so donations would certainly pouring in America....
Been a great run and interesting to see where this goes from here. Sold 3/4 of my holding today but will continue to watch this and very possibly buy more again at some stage. But felt it was time to profit take a little.
The October numbers will be very interesting to see.
https://www.glassdoor.com/Reviews/Pu...1021369_P2.htm
A few staff issues perhaps?
One thing I learnt as manager...u will never ever satisfy all your staffs....
Absolutely - however a good manager or a good organisation will always find much more people who are a good fit than people who are a misfit and therefore unhappy, and this means that they would as well get many more positive reviews than negative reviews.
I worked with many qualified staff and hired more than hundred during my career (all with university degrees). I only had to get rid of 3 of these (and they might as well write bad reviews about my previous employer, who knows).
It is incredibly expensive to hire staff which is a bad fit and therefore not happy with your organisation. You first have to hire them (make that one to two management months for highly qualified staff). You have to train them (add at least the same amount) and then you have to get rid of them (after finding out that they are unsuitable), which is under our employment laws not easy either. A bad staff selection can easily throw you back by half a management year ... and you haven't done a lot of positive stuff during this time.
PPH clearly seems to have problems finding the right people - i.e. they demonstrate incompetence in hiring suitable staff. Typical start up mistake, and a mistake many organisations pay for with the failure of their business. Why would anybody want to hire staff not happy with the organisation? Why would anybody invest into a business which is not even capable to select the right people to do the job? I'd consider this as a very basic capability ...
Managers with good recruitment skills as well as with great leadership skills are crucial - PPH seems not to care.
I remember that I've seen similar reviews from Wynyard staff ... maybe they are just some years ahead ....
The comparison to Wynyard comments were equally as bad is false. Many of the Wynyard comments stated their products were flawed, that they didn't do what they said they did, as well as inept management. Pushpays product clearly does what it says it does. The negative glassdoor reviews appear to be mostly from sales people who appear to be disgruntled with sales managers. Perfectly valid reason to be disgruntled but less problematic than Wynyards which were coming from bewildered engineers.
Did I explore the sensitivities of your endowment effect? Does it hurt? So sorry.
Look blobbles, a comparison can't be "false". It only may or may not be appropriate in the context in which it is used. And sure, while you are right that Wynyard had a higher percentage of engineers complaining (maybe they didn't had that many sales people?), the story is in both cases the same: Too fast grown startup with little competency in leadership and hiring (the right) people.
Difficult to recover from that, particularly if the company does not acknowledge their weaknesses ...
But anyway - enjoy your holding and the SP rise as long as it lasts ... it is a speculative stock after all ... just one more red flag, nothing to worry about ...
I find it quite strange BP that you find the negative with this company,yet look at the recent chart, BUT 2 that you were pumping recently have had share price slumps,namely CBL and MPG.
For others out there,even if you aren't into TA,look at the charts,study the growth prospects,and look at the charts again.
As I've said before BP buy some shares in this company,you might end up with a few more positive things to say.
Only pointing out the weakness in the comparison. You equivocated a company who sold a product that did not do what it say it does to a company whose product is proven to be sound. The similarity was that both companies had disgruntled sales people. The prior is a massive red flag, the latter is an orange flag that shows management needs to step up in the sales division. There is a false comparison in the former as the companies in question are/were doing the direct opposite of each other.
There is one average review from an engineer who complains about culture in all the glassdoor reviews, a very good sign for me (not everyone fits in everywhere) as there are many glowing reviews. You will also note the Sales people, while pissed off, many talk about making a lot of money and having to work long hours to do so. Sorry... but isn't this how sales works?? So many sales people I have known pretty much work 80 hour weeks for 6 months then take the other half of the year off, or something similar.
The biggest mistake PushPay could make is not listening to these reviews, lets hope they step up.
Look Kizame - there is quite a herd of investors out there praising and up ramping stocks going up and thrashing companies going down. No need to join this chorus, they are already loud enough. Nothing wrong with TA either, but it is just observing where the stampede is currently going (and yes, this is an important information, too).
If you look into my posts - I normally try to find fundamental differentiators - sometimes the market sees them as well and the SP follows, and sometimes the market needs a bit longer. Obviously - sometimes I am as well wrong or fundamentals change. Did this never happen to you?
However - I am happy for you to comment in your posts the most recent share price movements (SP up, SP down) - maybe there are still investors around who can't see that for themselves? So maybe you should be happy with me looking a bit deeper and from time to time communicating my findings. if you don't like my posts - there is an easy way to avoid them.
I never said that I am able to predict where the herd is running in the next hour or days. Are you?
However - I do know that all herds need from time to time some food and water ... so maybe FA has its place as well ;);
Pushed back through $2.50 today
Wow, just noticed on trading depth big crossing of 2.5mln shares....
What is going on! Would we see $3 before wed 11oct?:D
Definitely a bit of that. Although I think announcement day is going to be something special. Given the natural disasters of late - one would think that a co. such as pushpay would be at an all time high? Granted - there growth and revenue is dependent on market penetration and uptake of the apps use, however surely external factors such as these aid in this process? I've watched pushpay for a while and sometimes SP falls sharply even on a great announcement which would infer the market has priced in future revenue etc? But SP was around the current levels maybe a year ago and we've had some significant growth since then? Hopefully we see it over $3 and staying over $3. Up and up awwwaayyyy. What do people think?
Need to decrease some more of my holdings to put more into PPH, I really like the future for this company! Should see $3.00 fairly soon
Yes, for sure. Lot of growth is factored into at current price levels. Will be interesting to watch what the numbers would look like on Wed 11th.
I'm sure Ord Minnet would've done their homework thoroughly when they had the target price of A$2.69 (I think) recently in their research report which is about NZ$2.95 at current cross rate (thanks for weakening NZD due to political uncertainty).
If quarterly update is anything what market is expecting then boom it could surge past $3 mark without much effort.
Decent early volume of more than 500k with couple of big parcels being crossed at 2.73 a piece.
Big day today guys 🤤
Numbers released pre-open? Or just before 11am call?
They will be very good numbers
Even if not that good still good in the eyes of the beholders
Share price 300 this week
No worries
I think 'woohoo' might be appropriate? Thou i have just read the first line so far.
Bloody excellent....target $100 ACRM moves to 31st dec 2017.....well done holders!:t_up:
Ticks all the boxes.Well done PPH :)
Looks like it is going to kaboom!:t_up:
Fab news for holders. Happy to have spread some of my ATM love/gains into PPH!!
ACMR going from $68m to $100m in one quarter isn't good - it's outrageous
Not to mention to ipo in USA.....so....market will love it when the time is come
Relax mate, its simply impossible to be right 100% of the time. I sold out quite a while back at $2.00, feel better now ? :) The mark of an experienced intelligent investor is to freely admit they got it wrong and be prepared to reverse one's decision...at least that's what I tell myself to help me feel better lol
On the negative side it looks like they have to rewrite their app from scratch. I hope they have someone on the payroll who can code because the old one had a nice clean look and feel, and seemed responsive.
Traded volume so far close to 2.5mln with parcels of 500k being crossed at 2.90 a piece.
Wonder what happens when ASX opens...
Listened to investor conf call at 11am. Pretty much discussed what they published in the release to the market.
That analyst Steven from Craigs had quite a few questions and good ones too. I'm picking they might come up with new recommendation and target price soon for their clients.
And some good questions from the analyst from Ord Minnet and one other firm (couldn't recall their name).
All in all Chris and team (Shane and James) sounded very upbeat...
Will be interesting to see what range analysts have this at, that growth target is insane, so much I had to dip my toes in today.
That increased average per customer going from $540 to $790 per month is ginormous. Highlights what higher volume customers can bring
As a thought if 'customers' think that Push are taking too much of a cut of the transactions going through can they do much about it ...or pack a sad and decide to do collect their tithe another way.
U got to think this way: etfpos....if all businesses think the etfpos terminals cost too much then find other ways..but etfpos increases the business transactions.
dont forget...a part of the monthly fee, Pushpay offers a lot of features....online sermons, announcements, and other things.
if that $790 monthly fee can raise more fund n make people donate more..then I think it is worthy...?
So, I thought I'd test the system and searched the app for "arise". ARISE church is there, all good so far.
Then I went to the ARISE church website and clicked on "giving": "https://www.arisechurch.com/giving".
First option: Credit Card with a "Give Online Now" button.
Second option: For internet banking and setting up AP's you can give into the following accounts: <account numbers>
No mention whatsoever of PushPay.
Comments?