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Thread: PYS - PaySauce

  1. #41
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    Quote Originally Posted by silverblizzard888 View Post
    Reminds me of a company that use to be listed called GeoOp that did invoicing software, listed $1, went to a high of $4.49 then traded less than a tenth of that then delisted.
    Went up along the tech wave because Xero had been doing really well, but its own numbers were never convincing.

    I think the Paysauce business is a good one given the recent changes in PAYE and requirements for employers to report more regularly with the IRD, but I'm not sure it can be a big one and theres a good difference there. When you consider a business like Xero, everyone needed it and there weren't many competitors at the time thinking about cloud accounting.

    Payroll software of course everyone needs it too, but it is a bit different, theres many competitors and theres nothing these guys are doing thats a technological advantage.
    In reality if we normalise their expenses, they have actually have tripled while there revenue has only doubled. Until revenue growth outpaces expenses I'd be fearful of the financials. They have got a decent amount of cash in the bank to last 2-3 years so thats not too bad, but I still question the valuation, I only saw it been worth 30 odd million, not the $156 million for a business with about $1.6 million revenue and $2 million in losses.
    I didn’t believe your $156 million so I looked it up....jeez it is to, wow

    Next we know it will be half a billion
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.” - Benjamin Graham

  2. #42
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    Quote Originally Posted by winner69 View Post
    I didn’t believe your $156 million so I looked it up....jeez it is to, wow

    Next we know it will be half a billion
    Pumped then dumped today, 20% drop so far. The real question is who is still buying. Theres big gap downwards. To bad I'm missing a box of popcorn, but then again I'm not too enthused watching people burn money away like that.

  3. #43
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    Quote Originally Posted by silverblizzard888 View Post
    Pumped then dumped today, 20% drop so far. The real question is who is still buying. Theres big gap downwards. To bad I'm missing a box of popcorn, but then again I'm not too enthused watching people burn money away like that.
    Looks like its all over, the "pump " didn't have legs, back to .50 shortly !!

  4. #44
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    Quote Originally Posted by whatsup View Post
    Looks like its all over, the "pump " didn't have legs, back to .50 shortly !!
    The pump has been Trumped. Lol

  5. #45
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    Damn almost wish I was part of the pump bit lol surely someone made a solid profit on here from it haha

  6. #46
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    The only real exit I can see here is a Xero takeover. Adding an arm to their accounting machine and creating an all in one solution for sme’s.
    It seems like they are currently picking up crumbs of customers who can’t afford/want to install a tried and tested solution.
    The market can stay irrational longer than it can stay solvent, but can they stay solvent long enough to get bought out?
    Could be worth a punt.

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    Quote Originally Posted by Preston View Post
    The only real exit I can see here is a Xero takeover. Adding an arm to their accounting machine and creating an all in one solution for sme’s.
    It seems like they are currently picking up crumbs of customers who can’t afford/want to install a tried and tested solution.
    The market can stay irrational longer than it can stay solvent, but can they stay solvent long enough to get bought out?
    Could be worth a punt.
    Why would Xero do that when they are killing the accounting market, death knell to take on Xero in the accounting field imho.

  8. #48
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    Quote Originally Posted by whatsup View Post
    Why would Xero do that when they are killing the accounting market, death knell to take on Xero in the accounting field imho.
    I think Preston might have been hoping that Xero would take over Paysauce

    But Xero already do payroll

    Might have got it wrong
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.” - Benjamin Graham

  9. #49
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    Quote Originally Posted by winner69 View Post
    I think Preston might have been hoping that Xero would take over Paysauce

    But Xero already do payroll

    Might have got it wrong
    Yeah, that's the angle I'm looking at, that it may add an arm to the Xero product that they might not have? But if as you say the have a good payroll system already then it'll be a tough gig challenging that for sure. I Wonder why then Xero did a joint initiative with them? Friends close and enemies closer?

    I haven't got a position here and can't at the moment seem to justify it. Some crazy price swings in there lately.

  10. #50
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    Nearly everything doubled last year

    No wonder share price is on fire

    http://nzx-prod-s7fsd7f98s.s3-websit...079/315216.pdf
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.” - Benjamin Graham

  11. #51
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    wow what is happening with this share? pump and dump?

  12. #52
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    Quote Originally Posted by stealthmaster View Post
    wow what is happening with this share? pump and dump?
    Well when even the company doesn't think their share price is worth the current amount its pretty grim. They are raising $5.8 million at 34 cents (currently share is 67 cent), thats a 14% dilution on the share register, expect people to sell their current shares and take up the cheaper shares, then dump them on the market after.

  13. #53
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    Anyone invested in this company?

  14. #54
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    Does anyone have any interest in PYS?

    Market cap down to $48m

    40-120% pa growth in different metrics (choose your favourite metric!)

    50-60% GM

    Interest rates dropping will hurt their earn on "float" (a nice little feature however)

    SaaS (!)

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    Quote Originally Posted by Traderx View Post
    Does anyone have any interest in PYS?

    Market cap down to $48m

    40-120% pa growth in different metrics (choose your favourite metric!)

    50-60% GM

    Interest rates dropping will hurt their earn on "float" (a nice little feature however)

    SaaS (!)
    Didn't Winner69 saying he was seeing some doubling somewhere ?

    Wonder if he doubled his exposure at the same time ?

    or perhaps doubled right out before covid-19 hit ..
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  16. #56
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    Yes I have a small holding in PaySauce. I'm still not 100% convinced but I'm in at 38 cents I'm interested in there next results. They are showing strong growth numbers repeatedly which is encouraging and the next results will show how covid has affected them.

  17. #57
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    The idea of the company is great, the actual valuation questionable and the share price behavior extremely dodgy. Ran up a couple of times to ridiculous prices and heavily dumped.

    Stayed away since, but who knows how they've done capturing the rural sector. I only invest on ASX now so wouldn't touch this because of that and my experience above.

  18. #58
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    Quote Originally Posted by Traderx View Post
    Does anyone have any interest in PYS?

    Market cap down to $48m

    40-120% pa growth in different metrics (choose your favourite metric!)

    50-60% GM

    Interest rates dropping will hurt their earn on "float" (a nice little feature however)

    SaaS (!)
    I have bought shares from 35.5 to 36 cents. We should know the impact of Covid to their business soon. Their quarterly updates seems they are coping well. Their Q3 update should be due very soon. Last year's came out around 7th of October since their financial quarter ended 30th Sept. So hopefully tomorrow they will have announcement.

  19. #59
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    Half Year results out on Thursday? Will it be good news???

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    Quote Originally Posted by youngatheart View Post
    Half Year results out on Thursday? Will it be good news???
    Depends on what good news is . Recurring revenue went from $449k to $519k in Q2; with ease in covid situation and two months elapsed, fair to expect $565k minimum and $575k average and anything close to $600k is incredible.

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