Hmmm ..as of 10.30am..PPH shareprice is falling and the downward momentum is increasing 910c -10c -1.1%
Result price already factored in?
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Didn't the Huljich guys offload a bunch of shares a few months back, causing the shareprice to dip? I imagine there's more selling to come.
My thoughts and opinion (musings) below may be wrong but maybe...just maybe..
More insiders with SaaS and innovation strengths leave..
Pushpay Holdings Limited (NZSX:PPH, ASX:PPH, 'Pushpay' or 'the Company')
announces that the Board has accepted the resignation of Peter Huljich as a
Director of the Company, effective 31 December 2020. Peter's Alternate,
Christopher Huljich, will also cease to hold office from that date.
Those Directors leaving is another sign that PPH company's lifecycle is maturing...This news maybe starting to see a shift in the type of shareholders as some SaaS type investors may decide to leave now for other SaaS hunting grounds..I don't know but maybe in the near future Fund managers may also have to rejig PPH into different portfolios.
This would attract a different breed of investor.. Profitable mature companies tend to pay dividends....If that happened it would attract a new breed of investors, like the Mums and Dads and the elderly reliant on income streams..Until that time though, PPH's share price may temporarily "fall between the stools".
I'm trying to justify the investor lack of enthusiasm over the very good result. Maybe the Share price was already factored in or perhaps it's to do with the maturing status or both or something else I don't know about.
.....Just saying...
EDITED.... PS..In my view PPH is a great company
Price 870c -50c -5.4%
Good grief - who pulled the plug on the SP today ? ;-)
Kinda makes the earlier Broker's target prices look a bit silly when the market
so easily loses it's grundies over a Share Split - but with fairly good earnings
forecasts & upgrade forwards..
Why is a Share Split so bad - when that may make things more tradeable
& of interest to more Holders at lower SP after the split ?
- Share split means the company tries to lower SP to attract more retail investors.
- This news comes with a director resignation. Will he sell of his holdings if any?
- Customer number does not increase in line with Sales, EBIT and profit. Any deferred account payable at this quarter, any deferred revenue from previous quarter? all those accounting items need to be examined.
with the huljichs leaving the board they are now able to sell right out now there entire holding if they wish - negative if it eventuates
Churn looks OK - if the key metric of Annual Revenue Retention Rate is the one to believe. This is revenue retained from Customers and is measured by the amount of revenue at the end of the period, over the amount of revenue from the end of the previous period for Customers who joined Pushpayprior to the end of the previous period. Still thinking about it and is not the customer number churn, but I think it means they get more revenue this period than they did last period out of their customers. So may be customer number churn isn't that important. Happy to be corrected.
Updated information as per today's release on Slide 41 re Customers...
Product holding update
30 Sep 2020 31 Mar 2020 Movement
Total Customers 10,896 10,896 0
Product Holdings
Donor Management System 8,489 8,180 309
Church Management System 4,236 4,158 78
Thanks. I missed that slide. Those numbers look OK.
Just catching up with the PPH news..... and forgive me, but could someone explain the customer number concerns??
On page 5 of the update (see here) it says, 'customer numbers 10,896 up from 7905 (an increase of 38%)' ???
(Disc not holding... but considering)