PPH - PushPay (Church/donor software.)

More info from PPH investor relations to my queries.

My question:
On page 21 the Church Disrupt event in May 2020 refers to attendance by "7,300+ unique churches across 40+countries" and "Attendance: 75% prospects, 25% customers". The flat customer numbers would suggest that your sales efforts did not convert any prospects to customers from that conference. Can you please explain the relevance of this slide and confirm my understanding?

Response from PPH

Quote:

---

We have not provided detail around conversions from Church Disrupt to the market however online events held over the year typically generate revenue opportunities including attracting new customers over time.

We highlighted Church Disrupt in the Interim Results to demonstrate the significant reach and attendance that our inaugural digital conference saw at a time when pivoting to digital is more important than ever.

---

This latest report seems like a lot of smoke and mirrors. Having said that the churches have a huge addressable market, I like the proposed integrations including clipping the ticket on alumni contributions. I know the previous CEO had ideas of using this app more widely and the current management have focused only on the churches. I guess the point I am coming to is where is growth going to come from?

Quote:

---

Originally Posted by tango

More info from PPH investor relations to my queries.

My question:
On page 21 the Church Disrupt event in May 2020 refers to attendance by "7,300+ unique churches across 40+countries" and "Attendance: 75% prospects, 25% customers". The flat customer numbers would suggest that your sales efforts did not convert any prospects to customers from that conference. Can you please explain the relevance of this slide and confirm my understanding?

Response from PPH


This latest report seems like a lot of smoke and mirrors. Having said that the churches have a huge addressable market, I like the proposed integrations including clipping the ticket on alumni contributions. I know the previous CEO had ideas of using this app more widely and the current management have focused only on the churches. I guess the point I am coming to is where is growth going to come from?

---

Thanks for sharing.

Got an email this morning from their investor relations with a webcast link to y'day's Investor Day presentation. Will watch it later on to see if they added more detail around that pesky customer numbers content.

Quote:

---

Originally Posted by sb9

Thanks for sharing.

Got an email this morning from their investor relations with a webcast link to y'day's Investor Day presentation. Will watch it later on to see if they added more detail around that pesky customer numbers content.

---

You're welcome. It doesn't look good that they haven't converted prospects (or maybe converted a couple and lost a couple)

I got that link too. Look forward to discussing when I have a chance to watch it

Quote:

---

Originally Posted by Left field

USA Covid cases are likely to increase even more over their winter and are currently growing/spreading at 100,000 new cases per week! See it here.

Much to early to say what the effect on PPH is, or is going to be.

(Disc - don't hold but watching)

---

It's not 100K new cases a week but 100K cases a day!

Quote:

---

Originally Posted by Nigelk

It's not 100K new cases a week but 100K cases a day!

---

Crikey.... you're right. ( My tiny brain couldn't take in the magnitude.)

Add into the equation that Biden is considering mandating a lockdown. Let the rioting begin...

Lol, Biden will not have any right to order the country to be lockdown until next Jan 20.

Quote:

---

Originally Posted by tango

Add into the equation that Biden is considering mandating a lockdown. Let the rioting begin...

---

Quote:

---

Originally Posted by Louisphan

Lol, Biden will not have any right to order the country to be lockdown until next Jan 20.

---

Maybe they are also going to need their prayers and churches....... (if there are any parishioners left!):ohmy:

Quote:

---

Originally Posted by Left field

Maybe they are also going to need their prayers and churches....... (if there are any parishioners left!):ohmy:

---

God will protect them from COVID-19 and the rioting 😯

Quote:

---

Originally Posted by tango

God will protect them from COVID-19 and the rioting 

---

God does not care whether you make your donation from home or hospital just never be without your phone. ;)

the SP needs a bid of Godly intervention & assistance with the upcoming Share Split ;)

Quote:

---

Originally Posted by nztx

the SP needs a bid of Godly intervention & assistance with the upcoming Share Split ;)

---

They need to show their potential in new customer/church acquisitions pretty soon or else sp will be under pressure for a while yet.

Quote:

---

Originally Posted by sb9

They need to show their potential in new customer/church acquisitions pretty soon or else sp will be under pressure for a while yet.

---

Absolutely. Less of this fluff about prospects at a virtual conference and more signed customers and new revenue streams

Quote:

---

Originally Posted by tango

Absolutely. Less of this fluff about prospects at a virtual conference and more signed customers and new revenue streams

---

First half result for the 2021 year, Revenue up 51%, Net Profit up 107% and operational Cash flow up 203%.
I think increasing results like this tells a story, I am not to worried about the amount of customer growth.

Quote:

---

Originally Posted by tango

You're welcome. It doesn't look good that they haven't converted prospects (or maybe converted a couple and lost a couple)

I got that link too. Look forward to discussing when I have a chance to watch it

---

Finally managed to finish watching the investor day webcast. Pretty comprehensive in detail and also good to see some key management staff in person. Well put together by the Investor Relations exec Gabrielle, nice work.

What was Tim Hunter on about re Push in the NBR

Headline seemed negative

Quote:

---

Originally Posted by winner69

What was Tim Hunter on about re Push in the NBR

Headline seemed negative

---

Did see the headline, but not subscriber so not sure what's that about...

Quote:

---

Originally Posted by winner69

What was Tim Hunter on about re Push in the NBR

Headline seemed negative

---

Was a bit...

History P/E of 155, insiders selling, head of the audit committee quitting without explanation, no customer growth between July and September only cross selling and increasing competition from the likes of tithe.ly. Definitely don't look at their product comparison page.

Quote:

---

Originally Posted by Jaa

Was a bit...

History P/E of 155, insiders selling, head of the audit committee quitting without explanation, no customer growth between July and September only cross selling and increasing competition from the likes of tithe.ly. Definitely don't look at their product comparison page.

---

Dont forget that PPH indicated they were on the acquisition trail for further good fits to their current operation

Nothing like a bit of diversification into other things ..

Quote:

---

Originally Posted by nztx

Dont forget that PPH indicated they were on the acquisition trail for further good fits to their current operation

Nothing like a bit of diversification into other things ..

---

That’s what I’m waiting for BUT the previous management wanted to use the software for other giving. PPH is very focused on the church sector. Church school alumni may be included, which would be exciting, but I would love to see this software adapted for other gifting and donation programs