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13-04-2018, 01:05 PM
#1571
Last edited by BlackPeter; 13-04-2018 at 01:20 PM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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13-04-2018, 01:15 PM
#1572
Totally agree BP. My post was just tongue in cheek. I only pointed to PPH, ATM and DIL as I invested in them but never in the others (except PEB for 1 week) you mentioned. All these companies are inherently difficult to assess and guess where the future will go for them, but of course we all try and have to rely on our own best guess. Many posters believed DIL would never be any good as they had only one product, like we're hearing with PPH.
But the discussion here is mostly very helpful and good to see the different views people hold.
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13-04-2018, 01:20 PM
#1573
Member
yeah, sorry, right you are Iceman. Not sure what I was remembering. Some other company perhaps. Calendar year 2017 became December 2017 and now December 2018. Beagle's prediction 1Q18.
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13-04-2018, 01:22 PM
#1574
Hey BP can you not see any growth coming from other countries or other applications other than religion.I can so much so that I just bought some more.There are huge markets opening up all the time,as the world seems to go online,and not just financial ones Push Pay can be used for countless other applications in the information swapping markets etc.
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13-04-2018, 01:53 PM
#1575
Originally Posted by steveb
Hey BP can you not see any growth coming from other countries or other applications other than religion.I can so much so that I just bought some more.There are huge markets opening up all the time,as the world seems to go online,and not just financial ones Push Pay can be used for countless other applications in the information swapping markets etc.
Absolutely - and there are only a million other companies operating in the same domain (and some very succesful and much bigger than PPH).
I am sure that PPH will play them all as the Silver ferns played Malawi ...
OK - withdraw and apologize ... of course there might be a chance for them to grow into other areas, similar to PEB turning successful in Singapore, Spain, NZ or Australia. However - this growth into different industries or countries does not seem to be that easy.
Didn't they talk already years ago about moving into the education sector? I would not know whether they have there a fighting chance, but if they do, than they better ramp up their sales staff again. Ouch - more cost - later break even, another delay ...
Last edited by BlackPeter; 13-04-2018 at 01:55 PM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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13-04-2018, 04:03 PM
#1576
Follow up thoughts
I think the most interesting aspect of this most recent release was they have changed yet again what yardstick they're measuring their success upon.
If my memory serves me correctly they changed their ACMR calculation methodology a number of times last year.
Now they are saying their emphasis is on GAAP, (generally accepted accounting principle's) for measurement of revenue.
A cynical bean counter could very easily make the case that this latest change is yet another change / attempt to show their results in the absolute best possible light.
One of the most fundamental underlying basics of accounting is that of consistency. Whatever measurement yardstick you use, make it consistent.
https://www.aicpa.org/Research/Stand...s/AU-00420.pdf
PPH the masters at creativity and appear to have ignored conventional generally accepted accounting principle's right up to the point where it first suits them...does that seem a little odd to anyone else ?
Any way you slice and dice this it would appear the easy low hanging fruit, (the big churches) has already been picked and the growth rate is declining.
My personal measurement yardstick favorite is earnings per share.
I am just a simple dog and these interestingly different multiples of earnings measured so many varying ways I have lost count, to suit the various circumstances is far too creative for my liking. Whether their growth ever translates into real earnings is where all the doubt lies for me. Glad to be out and have my previous stake in something far more tangible, (Cash).
Last edited by Beagle; 13-04-2018 at 04:19 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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13-04-2018, 04:10 PM
#1577
Member
Credit to Beagle for getting through that post without mentioning a loss of 'faith', it must've been tempting....
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13-04-2018, 04:26 PM
#1578
Member
Originally Posted by Beagle
I think the most interesting aspect of this most recent release was they have changed yet again what yardstick they're measuring their success upon.
If my memory serves me correctly they changed their ACMR calculation methodology a number of times last year.
Now they are saying their emphasis is on GAAP, (generally accepted accounting principle's) for measurement of revenue.
A cynical bean counter could very easily make the case that this latest change is yet another change / attempt to show their results in the absolute best possible light.
One of the most fundamental underlying basics of accounting is that of consistency. Whatever measurement yardstick you use, make it consistent.
https://www.aicpa.org/Research/Stand...s/AU-00420.pdf
PPH the masters at creativity and appear to have ignored conventional generally accepted accounting principle's right up to the point where it first suits them...does that seem a little odd to anyone else ?
Any way you slice and dice this it would appear the easy low hanging fruit, (the big churches) has already been picked and the growth rate is declining.
My personal measurement yardstick favorite is earnings per share.
I am just a simple dog and these interestingly different multiples of earnings measured so many varying ways I have lost count, to suit the various circumstances is far too creative for my liking. Whether their growth ever translates into real earnings is where all the doubt lies for me. Glad to be out and have my previous stake in something far more tangible, (Cash).
Beagle old woofer,
Maybe PPH is readying for a Nasdaq listing where rules/accounting matters?
-dodgy
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13-04-2018, 05:30 PM
#1579
Originally Posted by dodgy
Beagle old woofer,
Maybe PPH is readying for a Nasdaq listing where rules/accounting matters?
-dodgy
Yes revenues are what matters for the Nasdaq
Probably need to do quarterly accounts ..that will be fun
Have asked when we might see historical revenue numbers by quarter so we can make better assessments that the more than 52% more than pcp.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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13-04-2018, 09:03 PM
#1580
Not sure if anyone read the Dec - 17 update or not, assuming literacy is not an issue this result was like inline with what ( expectations should have been )...
EX DEC17 BREIFING:
"Given seasonality, we expect ACMR to decrease over the current quarter ending 31 March 2018, before steadily growing over the rest of the calendar year to 31 December 2018. Pushpay expects to grow its ACMR based on further development of its product, direct sales, referrals strategy and through targeting customers that have existing relationships with Pushpay’s strategic channel partners and other distribution partners" - check
"Pushpay will begin providing quarterly revenue targets when it releases its quarterly operational update for the 31 March 2018 quarter on 11 April 2018. From the 30 June 2018 quarter and onwards, Pushpay will release its quarterly operational updates on the first Wednesday of the second month following each quarter end. Please refer to the end of this announcement for upcoming investor dates." - check
"Pushpay remains in a position to reach its targets of FY18 NZ GAAP revenue guidance of US$70 million and breakeven on a monthly cash flow basis prior to the end of calendar 2018." - check
Trend is intact.
PPH ARPC.CUST.JPG
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