Yeah im keen to buy in if this continues only question is do i buy now or wait for the asx to drop it further?
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Many SaaS providers do offer a produce or service with a feature set of great breadth & depth (e.g. Xero), while others provide a very specific services (eg. PayPal). Overall there's a spectrum of provision, and I'd place PushPay somewhere between the two.
With any of the types there is a degree of ticket clipping.
Hey @ogg
Would be good to keep commentary constructive. While you may have an issue with the valuation of the business, or the segment they serve, it would be worth acknowledging that Pushpay has developed a complicated platform from scratch, and is delivering that to customers in the US who value the service they provide highly. They've positioned themselves as the leader in their field across the whole North American market which doesn't happen by accident. On top of that they're uniquely positioned to take advantage of an environmental shift to digital services thanks to the pandemic.
There are over 400 people in that company, 100 or so of them in Auckland, who are working their guts out to do right by their customers, and by doing that adding value for Shareholders. Simply stating that "Pushpay are bottom tier garbage" is a cynical statement that doesn't take into consideration the hard work of many people in that business, nor does it provide any constructive view points for this forum.
Bit of down day for PPH today
Graham Shaw is Pushpay’s Chair - he’s talking at NZSA Wellington meeting next week. Might be worth the effort to attend.