Look at the chart for 2018. Its been nothing shaking the woodies, btw 3.80-4.20. Large buying around the 4.00 mark has left it at that level. August-Sept updates will be key for a lot of them.
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Look at the chart for 2018. Its been nothing shaking the woodies, btw 3.80-4.20. Large buying around the 4.00 mark has left it at that level. August-Sept updates will be key for a lot of them.
Lol going from a small start up in NZ to a $1b company is no laughing matter and if it was such an average product it never would of got the buy in it has.
I agree Afterpay has a far larger market and better product (which I pointed out a few months ago) but now Afterpay is valued at $3b so that's somewhat priced in. Afterpay is also better at communicating the benefits to retail in increased spend as a result of their service.
Imo Pushpay is going to have steady growth but I can't ever see it making serious cash that is worth the investment.
Wow, Ogg, sounds like a nasty break up! Hope the Milo helped, especially with whatever it was spiked with. Perhaps you sold this stock when you should have held? But in the meantime, it would be good to at least pepper your comments with some reasonable facts for your assertions.
Lots of good tech companies have a very simple product. Operating in a "niche of niche" is fine when that niche is worth billions in turnover. The founders shares I believe were well received by institutional investors. $10B by now? OK, sure, whatever you say. Not sure why I'm bothering to reply frankly but by all means dont buy this stock Ogg, sounds like you just need a wee lie down?
Ogg fwiw an acquaintance in the tech sector has similar views to you on Pushpay. He can't see any real growth for their technology either.
discl. don't know anything really about PPH and never hel
Basically they are a company that provides a tool to supposedly very simply make donations, pay for things and buy stuff. The "religious christian church donation" is just one space they can operate in. It might seem weird - but if you look at american churches that lot are all bonkers. So it makes perfect sense to provide a tool that makes it easier to extract the loot from the faithful.
As a holder, I am not too distracted by this "Faith Giving". I am more interested in the appeal of the product to market and the ability of the company to sell. And of course make a profit in the process. That PPH have sold to 13 of the top 20 churches and 54 of the top 100 churches tells me they have a product that does have market appeal and is saleable.
Don't think for a moment that selling to the top churches will be an "easy" sel. These church people are canny folk. So canny from time to time I ask myself should I be an ethical investor in which case if I was I couldn't hold PPH.
You dont need faith to be a PPH holder - look at the numbers for the story. There is oodles of potential there. If they fail to realise the potential then I'll no longer be a holder.
I've learned on my short time on this forum that what's written here is not necessarily correlated with what an individual might be doing on the markets.
I do share many same thoughts with Ogg on PPH. Since the management has been constantly adapting "creative" accounting method(s) when reporting their numbers and figures, this already gave me an unease. Then one of the co-founders departed and dumped ALL his shares, in addition to rowed back its planned listing in US. I decided to sell all my shares in 420. The management did not offer me the level of confidence that it used to be.
Sidenote: Afterpay do look more promising when compares to PPH, in particular in the growth aspect.
19 - 6 - 2018:
25 - 7- 2018:
Interesting change of mind in such a short time without news.
Just wondering what happened during this one month? In June you considered their latest result as "pretty good result" and one month later the company seems to be run by morons without any technical understanding ...
Look - I don't want to stand here as the defender of PPH ... and I am not. I do have a number of reservations (well documented on this thread) and am not holding.
However - its quite funny if a poster is doing a 180 degree flip flop without explanation - which could either point to insufficient research in the first place or alternatively to some hidden agenda.
Or is it just that you bought them too dear at the end of the uptrend and are now annoyed that your portfolio is moving backwards? If that's the case ... this is not the fault of the company!
Do you want to share with us what turned you from a supporter into a religious fighter against PPH?
BTW ... not sure about you, but I certainly would not use any application which tries to predict whether I want to donate or pay something and than does that for me ... as long as they use my money :D;
https://www.nzx.com/announcements/319574
[I]Pushpay Holdings Limited (NZSX:PPH, ASX:PPH, ‘Pushpay’ or ‘the Company’) is pleased to advise the bookbuild for Eliot Crowther’s NZ$100 million sell down has been successfully completed, with all shares held by Mr Crowther’s associated interests being sold, at the clearing price of NZ$4.04 per share. The book was oversubscribed with all bids subject to scaling.
The bookbuild was conducted by Deutsche Craigs Limited, as manager and underwriter. The bookbuild was well supported, attracting bids from 19 institutional investors across New Zealand, Australia and the US.
So, no - not just ma and pa retail investors.