Happy to no longer have this in my portfolio...... T/A chart has not been looking good this year.
Printable View
Always used to be great excitment when Push gave us the latest ..have all the believers deserted the ship?
Great report
http://nzx-prod-s7fsd7f98s.s3-websit...451/290042.pdf
Seem to have done away with ACMR reporting ....and whats this thing Annual Cohorts?
I agree. The revenue growth looks good, but there are definite warning signs in the continual fudging of ACMR, lack of quarterly sales reporting, slowing of the key church growth stats, withdrawal of the NYSE listing goal etc. etc.
As I've said before the T/A is not looking good, so IMHO time to move on to better stocks. DYOR and GLH.
There was a great run while it had the tail winds behind them. But I think they have now fallen away. Be ready for a long period in the doldrums
Watch for thinning of their sales headcount as part of a push to profitability .
GS likes results .................Our TPs of NZ$5.80/A$5.40 Maintain Buy (on CL)
Disc Hold
Jeez — PPH closed down 7% in Aust equivalent to 310
Could be an interesting open on NZX tomorrow
Not enough hype to keep the merry go round going round ....share price heading to sub 250 I reckon ...possibly sub 200
Today’s price still values PPH at 10 times forecast net sales ....a bit outrageous.
Even though pph is evolving from a growth company to a ‘mature’ profitable company it still not profitable so need to apply a more realistic price/sales multiple ....say 5, jeez that’s 160 odd.
Interesting when a darling falls out of favour, looks like this whole years sideways thing has turned into a rotten downtrend. Best to zoom out to a weekly or monthly view for perspective. I reckon you should run those spooky fibs over your numbers and reconcile that 5x multiple possibility as a 100% retrace from the boost July 2017. Where are those supports in between? Rhetorical question, dyodd.