PPH - PushPay (Church/donor software.)

I reckon Churches will really appreciate the immediacy of Push Pay...not slagging off at Churches, I wouldn't dare but the plain fact of the matter is preachers give an emotional plea, a full sermon sometimes about giving and parishioners have immediate access to all their funds, (as opposed to just the cash they brought with them in their wallet, who carries a chequebook anymore ?), when there heart and mind are in an inspired state, shall we say.
I know many churches have eftpos machines anyway but you have to get up out of your pew and use them which creates a barrier to entry so to speak...whereas pushpay is so easy and has no barrier to use.

I wonder whether we will see preachers on commission?

Actually many of them do fantastic work in the community and probably deserve it but most are happy to have their rewards in heaven :)

Quote:

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Originally Posted by percy

I wonder whether we will see preachers on commission?

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I think their interests are already aligned with Pushpay - the more donations, the more pushpay earns and the more the church has to spend.

Quote:

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Originally Posted by Harvey Specter

I think their interests are already aligned with Pushpay - the more donations, the more pushpay earns and the more the church has to spend.

---

I was thinking more of a life after politics for Winston.
A good little earner?

Quote:

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Originally Posted by percy

A good little earner?

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The story in the annual report, as they tell it, seems quite reasonable... https://nzx.com/files/attachments/213900.pdf

Those revenue growth figures are juicy.

Although, I do wonder who else could swoop into this space and end the dream...

OMG, "juicy", like tooty fruits! This SP is grossly overinflated and still illiquid, you'd better have a spare shirt else risk losing the one you've got, or waiting an eternity for reality to catch up to the SP (it never does, the SP always comes back to reality first). The FY report is a work of art, literally, it's the shareholders money that paid for the Ad agency to make a financial sows ear look like the proverbial silk purse. Did you actually read the financials? Multiply the merchants by the monthly revenue by 12 and you have a profound loss and run out of cash, and oh what a surprise, a cap raising June 5! Not surprising that the market responded to the $13m cap raise announcement and dilution with a whopping $4.55 to $3.85 decline (which is still an out of the ballpark SP valuation). As reality settles in and even with their >2000 forecast merchants (100+% .. hope they make it otherwise it's SP hell) it's not rocket science to see that "juicy" would be taking profits now, but certainly not buying in or accumulating at these inflated SP levels. I'd be less concerned for lurkers if the posters assessment wasn't so obsequious and hypocritical.

BAA

Quote:

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Originally Posted by robbo24

The story in the annual report, as they tell it, seems quite reasonable... https://nzx.com/files/attachments/213900.pdf

Those revenue growth figures are juicy.

Although, I do wonder who else could swoop into this space and end the dream...

---

Quote:

---

Originally Posted by Baa_Baa

Not surprising that the market responded to the $13m cap raise announcement and dilution with a whopping $4.55 to $3.85 decline (which is still an out of the ballpark SP valuation)

---

$3.85 is the cap raise price, not uncommon for a stock to go there... Sometimes the stock goes even lower than the cap raise price :D

PAY will be listed on the NZX Main Board soon - great work, wonder how long it will be before it's a constituent of the NZX50! :D

First time visitor. I was int in what is helping BFG stay at the top of NZ share comp. He chose PAY which i didn't have clue what it was. Well i do now having read some entertaining threads(thanks:) . If he wins this quarters comp i think he should be sent a bottle of Claytons because PAY is a share when you're not having a share:t_up::t_down:

Well it has been a year since PAY listed at $1.00.
Currently $5.35.
First of all congratulations to PAY, and those who had the conviction to buy into PAY.
To the rest of us.WE GOT IT WRONG.!!!

http://www.nbr.co.nz/article/pushpay...comment-694314
Stunning result. (disc. - shareholder, and smiling) :)

Quote:

---

Originally Posted by robbo24

The story in the annual report, as they tell it, seems quite reasonable... https://nzx.com/files/attachments/213900.pdf

Those revenue growth figures are juicy.

Although, I do wonder who else could swoop into this space and end the dream...

---

Considering PushPay is making huge revenue gains from churches.... I'm wondering why the Vatican hasn't swooped in with their own product.

Quote:

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Originally Posted by Cobber

Considering PushPay is making huge revenue gains from churches.... I'm wondering why the Vatican hasn't swooped in with their own product.

---

Or why churches dont move to regular gifting. Just like a Gym membership, take the money out on a weekly/monthly basis. Very easy to operate. I guess the benefit of PAY is the preacher can motivate more donations while the church goers are intoxicated with god.

Quote:

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Originally Posted by Harvey Specter

Or why churches dont move to regular gifting. Just like a Gym membership, take the money out on a weekly/monthly basis. Very easy to operate. I guess the benefit of PAY is the preacher can motivate more donations while the church goers are intoxicated with god.

---

And they don't have to be at Church to get a prompt to donate. Clever business model.

Quote:

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Originally Posted by Plutus

Clever business model.

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The Gym model. Recurring payments from clients even though only 25% turn up.

Quote:

---

Originally Posted by Baa_Baa

OMG, "juicy", like tooty fruits! This SP is grossly overinflated and still illiquid, you'd better have a spare shirt else risk losing the one you've got, or waiting an eternity for reality to catch up to the SP (it never does, the SP always comes back to reality first). The FY report is a work of art, literally, it's the shareholders money that paid for the Ad agency to make a financial sows ear look like the proverbial silk purse. Did you actually read the financials? Multiply the merchants by the monthly revenue by 12 and you have a profound loss and run out of cash, and oh what a surprise, a cap raising June 5! Not surprising that the market responded to the $13m cap raise announcement and dilution with a whopping $4.55 to $3.85 decline (which is still an out of the ballpark SP valuation). As reality settles in and even with their >2000 forecast merchants (100+% .. hope they make it otherwise it's SP hell) it's not rocket science to see that "juicy" would be taking profits now, but certainly not buying in or accumulating at these inflated SP levels. I'd be less concerned for lurkers if the posters assessment wasn't so obsequious and hypocritical.

BAA

---

First time caller, long time listener.

I've noticed your almost evangelical praise of VMob (a company with a history of promising and failing to deliver everytime it changes its stripes with a new business idea, dodgy corporate governance from directors that have a history of fleecing investors, telling investors they won't list on the ASX, then they will a couple of days later, juicy SPP's for cushy execs who keep selling down) yet, you are so decidedly critical of Pushpay, a company that from the outset has gone from strength to strength with its growth. Instead of rumoured deals, these guys are actually delivering, unlike VMob.

Im not defending Pushpay, I invest in neither, but I am curious why you aren't equally as critical about VMob, a company with an arguably similar revenue model.

Quote:

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Originally Posted by Subway

First time caller, long time listener.

I've noticed your almost evangelical praise of VMob (a company with a history of promising and failing to deliver everytime it changes its stripes with a new business idea, dodgy corporate governance from directors that have a history of fleecing investors, telling investors they won't list on the ASX, then they will a couple of days later, juicy SPP's for cushy execs who keep selling down) yet, you are so decidedly critical of Pushpay, a company that from the outset has gone from strength to strength with its growth. Instead of rumoured deals, these guys are actually delivering, unlike VMob.

Im not defending Pushpay, I invest in neither, but I am curious why you aren't equally as critical about VMob, a company with an arguably similar revenue model.

---

Subway, I am an investor in both - in some ways they are similar and in others not. Pushpay are probably the most focussed and determined Tech company on the planet at the moment and scoring goals. VMOB seem to be sorting a few legacy issues out and have developed seriously good connections in the US. The only question in my head, is which company gets the big buy-out offer first. NZ is entering a tech company renaissance - some really cool things happening in the space in a number of areas. The real challenge as always is picking the winners.

Private placement at a huge discount (at least they are embargoed for 2 years). I guess it depends how long the capital raise has been going for given they were at that price in August.

http://www.sharechat.co.nz/article/1...placement.html

Nearly a 4 fold in a year... whoaaaa

Quote:

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Originally Posted by baller18

Nearly a 4 fold in a year... whoaaaa

---

These guys are smashing it. The shareprice seems expensive now.... but if they get ACMR of $100 million in a few years, they could be considered cheap.

Noticing PAY now has a market cap over $400m, I had a look to see if they were NZ50 candidates. They’re not, as 75% approx of shares are held by directors and associates – though if I remember right the Herald reports they’re thinking about helping out by selling a few.

PAY lost 20cps at last report annual accounts, and has a turnover *based on the last month covered by the Annual Report, annualised*, of $200m – less than half the MCAP.

Directors’ blurbs reveal connections with home ventilation business (sales) and something called Bitcoinica, in liquidation.
I noticed a few other interesting things in passing which I will share here.

Douglas David Kemsley sold 393,787 shares for $1.7m on 19/10/15. https://nzx.com/files/attachments/223035.pdf, and another $1.1m worth at $3.85 on 5/6/15 https://nzx.com/files/attachments/214372.pdf

The closing share price on 19/10/15 was 7.87

Want some Pushpay shares? Instead of paying $7.87, you could ask DDK if he will sell you some at $4.88.
Or better yet, at $2.90.

Perhaps some of the buyers (listed below - per NZX announcement) will be selling on market.

The following trades were at $4.88 per share:
The Perry Savill Trust as to 35,000 shares
Mila 19 Trust as to 10,000 shares
Samuel Douglas Fitzgerald as to 20,903 shares
FNZ Custodians Limited as to 29,725 shares
Joshua Paul Coburn as to 8,196 shares
Christine Joy Dyke as to 10,000 shares
R & E Bell Family Trust as to 10,000 shares
Sean Lloyd Richardson Mulholland as to 10,000 shares
Jonathan Edward Phipps as to 2,050 shares
Daryl Matthews as to 2,049 shares
TNT Trust as to 10,245 shares
Willem Jacobus Prinsloo & Johanna Dorothe Prinsloo as to 5,000 shares
Lawrence Wayne Fudge III as to 6,100 shares
Steven Dunstan as to 2,050 shares
Reed Bogard as to 918 shares
Rodrick Shane Williams as to 4,098 shares
Michael Khouri as to 3,073 shares
Ivan Philip Selak & Elizabeth Mary Selak as to 4,098 shares
Megan Jaffe as to 35,000 shares
John Archibald Banks as to 35,000 shares
Simon Adams as to 15,365 shares
Alan Conder as to 10,000 shares
Ulrik Kaare Olsen as to 15,000 shares
The following trades were at $2.90 per share:
M J Roberts as to 34,400 shares
Chrisholm Family Trust as to 51,724 shares
Marion Tahana as to 23,793 shares

http://www.sharetrader.co.nz/showthr...l=1#post525710
http://www.sharetrader.co.nz/showthr...l=1#post525610

“Trying to buy the shares and they won't let me. Reckon I can only put an order on for $2.56 at most. $0.01 above the highest bid??
Seems like they're doing the manipulating rather than me.”

The moving average of daily turnover over the past 50 days in 2015 has ranged from $1k to $38k.
Anyone trying to sell, say, $100k worth could depress the market quite a bit.

And you wouldn't want to cause any downward price momentum - see next.

This chart compares PAY with some other shares that went up recently by hundreds of percent.
Attachment 7688

Not one I follow, (I don't engage in investment speculation, real companies with real earnings or I'm not interested), but I think you've made some excellent points banter.

Quote:

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Originally Posted by banter

This chart compares PAY with some other shares that went up recently by hundreds of percent.
Attachment 7688

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That would suggest it is topping out ??

Quote:

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Originally Posted by Plutus

That would suggest it is topping out ??

---

A sharp fall might suggest that. PAY might go up some more from here.

But put it this way - what stocks have gone up three-fold or more in recent years and NOT fallen to a third of peak?
AIR, THL and FPH have. But they're all profitable companies.

If it hasn't been posted already ;PIE Funds are now happy holders of PAY. Comparison with Xero 40 x multiple ;PAY 14.7 very bullish .

Results announced today…

"Pushpay Holdings Limited CEO, Chris Heaslip said, “Pushpay has had six months of phenomenal growth, we have exceeded our targets by 11% having increased our Merchant numbers by 111% in the six months to 30 September 2015, ending the half year with 2,102 Merchants…

"….The Company is now targeting an increase in Merchant ACMR of over 100% to more than $28 million in the six months to 31 March 2016. Over the medium term, Pushpay is targeting an increase in Merchant ACMR to $100 million within the 36 months to August 2018."

Tot rev $6.219 mill
6 months sep 2015 6 months sep 2014 $1.519 mill

Total expenses $12.398 mill $4.497mill

Loss for period $6.225 mill $2.717 mill
Loss pershare 12 c 7c pershare
shares increased from re 30 to 50 million
Raised $32.6 million ,Bal $30.147 million
Plenty of cash for a few years to keep going for growth.
God Bless America:cool::confused: ​and PIE Funds me no hold

I normally follow what PIE buy, but I can't understand this one at all. Sorry a bit of a nothing comment but I can't see where the attraction is - so much growth already built in

Oh dear the ground i rushing up fast for PAY.Hope a reserve parachute is accessible:scared:

Pop!!

Well done Banter...where-ever you are now

Glad i got out at 7. It will be interesting to see where it stops

Would be interesting to know what price PIE got in at...possible around high 4's

PAY has got a speeding ticket from the NZX

I see there's a price enquiry in regards to the recent fall in shareprice.

Was there an enquiry in regards to the rise?

Quote:

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Originally Posted by nextbigthing

I see there's a price enquiry in regards to the recent fall in shareprice.

Was there an enquiry in regards to the rise?

---

There was one on the 24th September 2015

Quote:

---

Originally Posted by percy

Well it has been a year since PAY listed at $1.00.
Currently $5.35.
First of all congratulations to PAY, and those who had the conviction to buy into PAY.
To the rest of us.WE GOT IT WRONG.!!!

---

Just skimmed over the last few pages which is mostly just talk, and most of that bagging PAY, perhaps unfairly with no real research in many cases. This post from Percy stuck out as he is absolutely correct. Everyone has been pretty quick to write it off, but it has gone from $1 to $8 or so (and now back again a little). Initially at least, we got it wrong!

So what's all the fuss about?

I want 10% return. This is just a figure I use to work from, a benchmark for calcs which works for me for any share, I then adjust for risk with margins etc.

Quick calculations after reading the latest report;

60m shares on issue (roughly). Price $6.75

10% return means 67.5c required per share.

0.675 x 60M = $40M profit required (near enough).

Current average revenue per merchant = $570 per month, ie $6840 annually.
(The latest report has an easy to understand explanation of this; https://s3.amazonaws.com/pushpay-mar...eport+2016.pdf)

How much of the ARPM becomes profit in the medium term? I have no idea. I don't usually value tech/software companies and will need to look into this further as it will wildly affect the results. Obviously they will hugely benefit from economies of scale but need to spend a lot on marketing to get there and perhaps a lot on development consistently to maintain their position. Let's say 50%. So $6840/2 = $3420 profit PA per customer.

$40M is the required amount, / $3420 = 11696 customers required.

They currently have 2100 customers so are about 1/5 of the way. This is where the growth rate becomes important. Again I don't have much experience valuing tech/software companies and don't know the typical growth patterns but from what I've seen/imagine, growth would be slow to start until some early adapters jump on board (which has happened), it would then rocket exponentially for a period (happening now) before tapering off again (when?), a bit like a log curve. The big question becomes, how long can this huge growth ('hyper growth' in their report) be sustained? The market seems to love the product, but I remember loosely following the DIL thread, everyone said it was going to be the next big thing (silly suggestion as that's me), yet they we IMHO already reaching saturation of their likely market with a glass ceiling. I think the shareprice of DIL has backed this theory that growth was going to slow siginificantly. Where is saturation for PAY? The growth is amazing now, but perhaps all of those who are likely to sign up are doing so now, and growth is going to slow soon. Maybe not, maybe they are still signing up the early adopters and the bulk is yet to come (as the shareprice suggests).

So yes a large amount of growth is priced into the company IMHO, however they are growing at an amazing rate and it's early days, so it's not completely irrational.


Hopefully someone will get something from this ramble. Anybody else done any analysis or care to point out where I might have gone wrong or overlooked something?

Hi gurus, can anyone please explain PAY is planning to split the share, what does it means? Thanks

Quote:

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Originally Posted by King1212

Hi gurus, can anyone please explain PAY is planning to split the share, what does it means? Thanks

---

Hi everyone - first time commenter, long time lurker!

King1212 - it means stuff all in a mathematic sense. The market capitalisation of the company doesn't change one bit. You still own the same amount as before in dollar terms. The announcement on the NZX pages here - https://www.nzx.com/companies/PAY/announcements/276312 means that the number of shares will increase by 4. If you have 100 shares worth $700 now, then soon you will have 400 shares worth $700 in today's dollars. So not much in a mathematical sense. I'm happy to be corrected if I have any of this wrong but I think this is right.

HOWEEVR - in a psychological sense, increasing the number of shares has a slightly positive improvement on liquidity, as potential buyers perceive the shares to be cheaper, and holders feel they own more shares and are happy to trade more. There is a nice article on this on the Investopedia website which I think is a superb resource for investors. http://www.investopedia.com/articles/01/072501.asp

What is really nice about this announcement is not the share split, but the revenue growth numbers. 46% revenue growth over the last three months is quite remarkable. If they can keep up this kind of growth then they will outgrow Orion and Diligent in market cap before too long.

Thank heaps!

Quote:

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Originally Posted by King1212

Thank heaps!

---

The investopedia article I linked to above makes another good point. A share split helps liquidity by reducing the bid/ask spread. I had not ever considered that before, but it makes sense.

Quote:

---

Originally Posted by Yeshiva

Hi everyone - first time commenter, long time lurker!

King1212 - it means stuff all in a mathematic sense. The market capitalisation of the company doesn't change one bit. You still own the same amount as before in dollar terms. The announcement on the NZX pages here - https://www.nzx.com/companies/PAY/announcements/276312 means that the number of shares will increase by 4. If you have 100 shares worth $700 now, then soon you will have 400 shares worth $700 in today's dollars. So not much in a mathematical sense. I'm happy to be corrected if I have any of this wrong but I think this is right.

HOWEEVR - in a psychological sense, increasing the number of shares has a slightly positive improvement on liquidity, as potential buyers perceive the shares to be cheaper, and holders feel they own more shares and are happy to trade more. There is a nice article on this on the Investopedia website which I think is a superb resource for investors. http://www.investopedia.com/articles/01/072501.asp

What is really nice about this announcement is not the share split, but the revenue growth numbers. 46% revenue growth over the last three months is quite remarkable. If they can keep up this kind of growth then they will outgrow Orion and Diligent in market cap before too long.

---

These guys are flying at 100 miles an hour.

I still think they are massively overvalued.... but when you compare them against Slack, Yammer etc which are all over a billion in valuation, then these guys still have quite a lot of room for potential SP growth.

However.... with the markets the way they are.... if the bottom was to drop, these are the companies that will potentially get hammered first.

Quote:

---

Originally Posted by Cobber

These guys are flying at 100 miles an hour.

I still think they are massively overvalued.... but when you compare them against Slack, Yammer etc which are all over a billion in valuation, then these guys still have quite a lot of room for potential SP growth.

However.... with the markets the way they are.... if the bottom was to drop, these are the companies that will potentially get hammered first.

---

Yes, they are flying at 100 miles an hour, but I think there are two tiers of tech companies in NZ. Those with large amounts of cash on hand, and those that don't have much cash at all.

Pushpay, like Xero, Orion and Diligent, is very well capitalised (or in the case of Diligent, free cashflow positive which is the best of all)

If the markets got global wobbles, then yes, all companies will be negatively affected. But those companies that need to raise more capital would be the worst hit, for all the obvious reasons.

Given that Pushpay has almost $20m cash on hand (see their announcement earlier today), you can see how they would be able to ride through a rocky six month patch when it would be hard to attract capital.

Some of the other NZ tech companies would be performing brutal discounts on their share price to raise money in such an environment - if at all. I won't mention their names, but I'm sure most investors could identify those companies pretty quickly without much need for research.

The top tier of companies like Xero and the others above have heaps of cash on hand and so the smart money won't take fright like they might with those companies that have weak balance sheets. Markets might go sour for half a year or more, but those companies will still demonstrate their high performance over that time, reassuring investors.

Nice to see a 30% plus hike in SP over the last few days. Their latest investor presentation is possibly fuelling the interest. I like that PAY are signalling diversification beyond from the Church/Non profit giving to more general bill paying and are confirming forecasted 100% plus ACMR growth for 6 months to 31 March 2016.
Have a read; https://nzx.com/files/attachments/232382.pdf
Disc; happy holder. DYOR.

Quote:

---

Originally Posted by Left field

Nice to see a 30% plus hike in SP over the last few days. Their latest investor presentation is possibly fuelling the interest. I like that PAY are signalling diversification beyond from the Church/Non profit giving to more general bill paying and are confirming forecasted 100% plus ACMR growth for 6 months to 31 March 2016.
Have a read; https://nzx.com/files/attachments/232382.pdf
Disc; happy holder. DYOR.

---

https://www.nzx.com/companies/PAY/announcements/279682

They have had a few please explain letters now.
Undecided whether the big movements are due to the low liquidity of the stock or something more sinister...

Continuing to watch closely. Looking forward to next full report. Fintech is an exciting industry right now.

Quote:

---

Originally Posted by HeartOfGold

https://www.nzx.com/companies/PAY/announcements/279682

They have had a few please explain letters now.
Undecided whether the big movements are due to the low liquidity of the stock or something more sinister...

Continuing to watch closely. Looking forward to next full report. Fintech is an exciting industry right now.

---

Mmmm, interesting, the enquiry and PAY's response adds nothing new!? However SP has been pruned in the interim, so maybe NZX happy.

Below is the comment from The Moose. I don't really know him or her, but read heaps of his or her good opinions on NBR. I did a small research about him or her , she or he used to be sharetrader member but his or her ac was suspended? People said he or she is a legend. I mean investor legend......anyone know him or her?

I totally agree with his comments, he commented last December, saying a lot investors ignored this company which is fast growing! I knew a lot of church members and lived in USA, yes most churches still use boxes for donations and manually done.

http://www.nbr.co.nz/article/pushpay...rally-b-186591

The Moose 2 hours ago
Still quite illiquid and tightly held share, nothing to see here. I remember Xero being the same way back in the day. Why would you want to sell such a fast growing company which is dominating a niche US market? Good to see the company presentation today showing them broadening their horizons refarding payments. Future is still very bright for PushPay!

Quote:

---

Originally Posted by King1212

Below is the comment from The Moose. I don't really know him or her, but read heaps of his or her good opinions on NBR. I did a small research about him or her , she or he used to be sharetrader member but his or her ac was suspended? People said he or she is a legend. I mean investor legend......anyone know him or her?

I totally agree with his comments, he commented last December, saying a lot investors ignored this company which is fast growing! I knew a lot of church members and lived in USA, yes most churches still use boxes for donations and manually done.

http://www.nbr.co.nz/article/pushpay...rally-b-186591

The Moose 2 hours ago
Still quite illiquid and tightly held share, nothing to see here. I remember Xero being the same way back in the day. Why would you want to sell such a fast growing company which is dominating a niche US market? Good to see the company presentation today showing them broadening their horizons refarding payments. Future is still very bright for PushPay!

---

I very much respect The Moose's opinion.

Quote:

---

Originally Posted by King1212

Below is the comment from The Moose. I don't really know him or her, but read heaps of his or her good opinions on NBR. I did a small research about him or her , she or he used to be sharetrader member but his or her ac was suspended? People said he or she is a legend. I mean investor legend......anyone know him or her?

I totally agree with his comments, he commented last December, saying a lot investors ignored this company which is fast growing! I knew a lot of church members and lived in USA, yes most churches still use boxes for donations and manually done.

http://www.nbr.co.nz/article/pushpay...rally-b-186591

The Moose 2 hours ago
Still quite illiquid and tightly held share, nothing to see here. I remember Xero being the same way back in the day. Why would you want to sell such a fast growing company which is dominating a niche US market? Good to see the company presentation today showing them broadening their horizons refarding payments. Future is still very bright for PushPay!

---

He or she (to keep the gender neutrality) was the sort of Moose who wanders into the middle of the clearing with a high visibility jacket hanging from his (or her) antlers on the first day of the hunting season.

Best Wishes
Paper Tiger

Quote:

---

Originally Posted by Paper Tiger

He or she (to keep the gender neutrality) was the sort of Moose who wanders into the middle of the clearing with a high visibility jacket hanging from his (or her) antlers on the first day of the hunting season.

Best Wishes
Paper Tiger

---

PT, I like your posts and comments....just like poem....

Company operation update is due on 13th April. Can not wait to see the result..so far they always achive thier revenue target. I think the company's execution on USA growth is on the right track as USA one of the most generous nations in the world.

http://edition.cnn.com/2015/11/09/af...untries-index/



also....bill payment app on the way!Attachment 7948

A useful cash injection and a move to concentrate on core business.....

"Pushpay Holdings Limited (NZSX:PAY) (‘Pushpay’ or ‘the Company’) announces that it has sold its SMS gateway business Run The Red to Modica Group for an aggregate value of $4,500,000.
Run The Red integrates text messaging with core business applications using an SMS Gateway and facilitates personalised communication.....

Pushpay’s CEO, Chris Heaslip said, “Following a competitive process, which attracted a number of interested parties, we are pleased to sell Run The Red to Modica Group on favourable terms. Moving forward we will focus our resources on our rapidly growing core business, which provides simple, intuitive and secure payment solutions to our merchants.
“The sale of Run The Red will maximise value to Pushpay’s shareholders by freeing up capital for investment. In particular, the sale allows us to redeploy capital received to support our growth strategy in the USA and our target of reaching $100 million of Annualised Committed Monthly Revenue by August 2018,” he said.

"our target of reaching $100 million of Annualised Committed Monthly Revenue by August 2018" compare that statement with PEB's promise to do that "within 5 years." Though I actually believe PAY will do it.

Quote:

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Originally Posted by youngatheart

"our target of reaching $100 million of Annualised Committed Monthly Revenue by August 2018" compare that statement with PEB's promise to do that "within 5 years." Though I actually believe PAY will do it.

---

Perhaps the market agree's with you. As a PAY holder I'm heartened by the 12% SP gain in the last week (incl today's 5% gain) As a PEB holder, I'm patiently waiting, while pleased to be up by a similar percentage this year!:)

I'm quietly picking this stock as the next DIL.
It has such great prospects and overshoots revenue targets,and quietly being accumulated big time right now.
The uptrend is looking real good.

Quote:

---

Originally Posted by kizame

I'm quietly picking this stock as the next DIL.
It has such great prospects and overshoots revenue targets,and quietly being accumulated big time right now.
The uptrend is looking real good.

---

Can not wait for update next Wednesday!

Quote:

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Originally Posted by kizame

I'm quietly picking this stock as the next DIL.
It has such great prospects and overshoots revenue targets,and quietly being accumulated big time right now.
The uptrend is looking real good.

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Agree and hope you're right. I put a decent chunk of my DIL money into this one at end of Feb and its gone up a whopping 54% since then. Very much looking forward to the next report. If they continue meeting or overshooting targets, this one may have a long way to run

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Originally Posted by iceman

Agree and hope you're right. I put a decent chunk of my DIL money into this one at end of Feb and its gone up a whopping 54% since then. Very much looking forward to the next report. If they continue meeting or overshooting targets, this one may have a long way to run

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Great work.its a great feeling when it pays off. I bought later at 2.38 and am considering pyramiding into this one.

Just looking at the PAY graph, why did they fall sharply this year?

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Originally Posted by kizame

I'm quietly picking this stock as the next DIL.

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Yes, looks like a happy future for PAY at the moment with exciting growth plans (and a good record of delivering to-date).....I just hope it ends better than DIL!!

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Originally Posted by Lewylewylewy

Just looking at the PAY graph, why did they fall sharply this year?

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They didn't. It was a 1 for 4 share split

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Originally Posted by Left field

Yes, looks like a happy future for PAY at the moment with exciting growth plans (and a good record of delivering to-date).....I just hope it ends better than DIL!!

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But if it doesn't,you take your money off the table and walk way knowing you made a good return to that point.
I'm happy whichever way it goes,but yes it would be way better to develope into a mature company,but I doubt being an NZ company it will ever make it that far.

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Originally Posted by kizame

But if it doesn't,you take your money off the table and walk way knowing you made a good return to that point.
I'm happy whichever way it goes,but yes it would be way better to develope into a mature company,but I doubt being an NZ company it will ever make it that far.

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Does that mean you consider there is more likelyhood of a takeover before it develops into a mature company?

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Originally Posted by Absolute144

Does that mean you consider there is more likelyhood of a takeover before it develops into a mature company?

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This can play out in a few different ways,you just need to understand that,especially successful tech companies from this tiny country with huge expertise,that their biggest tech savvy market is going to be the US where the bigger boys are always keeping an eye out for additional bolt on aquisitions. Thats probably going to be your best bet with a successful nz co.
Other than that,I don;'t want to get negative about what can happen along the way to companies that lose direction,but this one so far looks a goody.

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Originally Posted by Absolute144

Does that mean you consider there is more likelyhood of a takeover before it develops into a mature company?

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While NZ shareholders may see some potential in PAY (and XRO for example), you can be sure that many other companies are watching these companies with interest and are possibly ready to pounce. Personally I would prefer both these companies to avoid being taken over, and continue their success to become large NZ companies on the world stage.

Thanks Kizame and left field

Excellent result!!!!

Buy on the rumor and sell on the fact

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Originally Posted by babymonster

Buy on the rumor and sell on the fact

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Profit taking..not to worry if u r a long term holder...

Am I missing something for today's share price? The companies employees have taken on more shares after a stellar ACMR increase

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Originally Posted by Jinx

Am I missing something for today's share price? The companies employees have taken on more shares after a stellar ACMR increase

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Jinx, this is my understanding. There's two types of shares. Ordinary and those in escrow (which basically means in this case ones that couldn't be sold yet). Together, ordinary and escrow make up all of the shares on issue. Previously 30.027% of all the shares issued were escrow shares. After this announcement, approx 1.5% have come off escrow and can now be sold (leaving 28.578% on escrow still). So all that has happened is they have changed designation from escrow to ordinary shares. The total number of shares on issue has not changed at all, just their designation.

It gets a bit confusing because the total number in class and total number of shares appears to have changed. This is because they've gone through a 1:4 split. Ie for each share held at the last disclosure (Oct 2015) everyone got 4 shares instead. If you multiply the total in class number in the last announcement (Oct 2015) approx 57.7M x 4 = 231M (231M is new announcement figure). So the total issue hasn't changed at all. 1.5% of the escrow shares are now ordinary shares which can be sold on market and the total holding got multiplied by 4 in an earlier split, just to confuse people like us.

This could explain the drop in price, 1.5% of the shares can now be sold and people are cashing in on the great progress. Who knows. A big thing to consider is approx 25% of the shares come off escrow on 31 July.

Hope that helps.
NBT

Ps here's the annoucnement link https://www.nzx.com/files/attachments/233707.pdf

Thanks nextbigthing, very in depth and well explained answer! :)
Friday was the end of the sp dip by the look of it, do we think it's on it's way up from here?

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Originally Posted by Jinx

Thanks nextbigthing, very in depth and well explained answer! :)
Friday was the end of the sp dip by the look of it, do we think it's on it's way up from here?

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Don't think so, looks like someone want to get out pretty desperate...

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Originally Posted by Jinx

Do we think it's on it's way up from here?

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Jesus down 12% so far today, any guesses on where the bottom will be :o

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Originally Posted by Jinx

Jesus down 12% so far today, any guesses on where the bottom will be :o

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Donno, had it under my radar for a while. Think might stay out of it for now.

Under 2 is more reasonable

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Originally Posted by babymonster

Under 2 is more reasonable

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There has been nothing but outstanding positive news since November 2015, where the price was $8 ($2 per share after the split). What makes you think the price should be back at Nov15 prices?

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Originally Posted by babymonster

Under 2 is more reasonable

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That's where I'm picking it might go down to, though its up today I think the selling pressure has not gone away.

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Originally Posted by Jinx

There has been nothing but outstanding positive news since November 2015, where the price was $8 ($2 per share after the split). What makes you think the price should be back at Nov15 prices?

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The end of the escrow period for 30% of their stock looms like a North Atlantic iceberg. Given the eagerness of the much smaller number that bailed last week (less than 2%) when that escrow ended and the subsequent price plunge are you really going to be betting otherwise for July?

Sounds scary.... however you're assuming they all want to sell and/or that there is no demand as no other large investor(s) is/are happy to pick up the volumes.

Only time will tell.

Might see sub $2 sooner by the looks.

PAY is down 37% since the high on the 11th of April.
I had no hesitation in buying more on today's low, PAY is solid growth company that has put out nothing but positive results. This time last year they had ~1000 Merchants, now their quickly approaching 4000. If the price keeps dropping I'm pretty happy to continue to pour money into what appears to be an incredibly well managed company.

Interesting to see very little movement considering Annual investor results are out in two days. I'd guess the FY17 forecast will be nothing but rainbows and sunshine :t_up:

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Originally Posted by Jinx

Interesting to see very little movement considering Annual investor results are out in two days. I'd guess the FY17 forecast will be nothing but rainbows and sunshine :t_up:

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Praise the Lord. Amen.

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Originally Posted by Harvey Specter

Praise the Lord. Amen.

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I hope you've been attending your local US church sending thousands though pushpay ;)

I notice there is a local company offering the same service for charities,churches etc. Forget the name but a lady at the helm it seems.

Beware.
There is a scam doing the rounds using the spelling "PeyPal" - be aware!!!

Pushpay also get into event reminder text and bill reminder text messaging where a client can pay the bill or buy the tickets using their app....

Impressive results now confirmed.....

Attachment 8045

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Originally Posted by Jinx

Interesting to see very little movement considering Annual investor results are out in two days. I'd guess the FY17 forecast will be nothing but rainbows and sunshine :t_up:

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And we have a winner? :t_up:

Overall loss increased 150% causing a sp drop?
I'll happily keep buying until 2017 where pushpay forecasts a net profit. I was astounded to see a sp drop this morning with revenue up over 700%

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Originally Posted by Jinx

Overall loss increased 150% causing a sp drop?
I'll happily keep buying until 2017 where pushpay forecasts a net profit. I was astounded to see a sp drop this morning with revenue up over 700%

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Capital raising underway as cash will only last for another 6 months.

http://www.nbr.co.nz/article/pushpay...capital-189130

No hurry to buy on market.

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Originally Posted by Balance

Capital raising underway as cash will only last for another 6 months.

http://www.nbr.co.nz/article/pushpay...capital-189130

No hurry to buy on market.

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So the idea they might run out of money and an nbr article spooked some investors?
Money is likely to be thrown in the direction of Pay given their growth and potential for further growth.

Clearly it's not all sunshine and rainbows, but still I'd consider today's result a stellar one

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Originally Posted by Jinx

So the idea they might run out of money and an nbr article spooked some investors?
Money is likely to be thrown in the direction of Pay given their growth and potential for further growth.

Clearly it's not all sunshine and rainbows, but still I'd consider today's result a stellar one

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It is a good result.

If you are an institutional investor however, no reason to buy on market - wait for the stock to come to you.

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Originally Posted by Balance

It is a good result.

If you are an institutional investor however, no reason to buy on market - wait for the stock to come to you.

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Thanks for the conversation and tutoring!
Although I may be excitable I still have no idea 99% of the time :)

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Originally Posted by Jinx

Thanks for the conversation and tutoring!
Although I may be excitable I still have no idea 99% of the time :)

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Pleasure, Jinx. That's actually what this forum is for and about - exchange of ideas and thoughts. Gets a bit acrimonious at times but then, investing one's hard owned money is serious business!

Did contemplate dipping my toes in past few days on this one, however thought I would wait and glad I did.