Originally Posted by
iceman
King1212 your approach is fine if that is how your investment strategy is. I take a much longer view when I invest in "startups" such as PPH and watch the companies progress carefully, not solely the daily SP movements. I have been very happy with PPH and the great progress they are making so have seen no need to sell. The recent announcement is the first that slightly disappoints me with pushing out the breakeven (cash) date. After consideration, I decided that management has been pretty well on the ball so far and I will give them the benefit of the doubt with their belief that getting more cash to drive further growth is the right way to go and will continue holding.
This longterm investment horizon is an approach that has done me well with new-ish companies like ATM, DIL and HBL over the years, all of which were very rocky over long periods and many posters on here did not have much faith in them at times, particularly ATM and DIL. So we clearly have a different approach to investing. Neither is right and neither is wrong. They are how we choose to invest. Only time will tell how successful PPH will be and it is far too early to be posting "told you so" comments based on trading over a few days.
How were you a SH 3 years ago and when did you buy in at $8 ? Pushpay listed on the NZAX on 17 August 2014 and migrated to the NZX in June 2015 and has never to my knowledge traded at anywhere near that price. Looks like you may have paid a little too much if you bought in "when it was $8 ish"