Is this a sale? I couldn't help picking up some more at $3.35 just now. I can't see why there is a big drop today? Is there something I've missed?
Unlike shoe sales you can take this one back and get a refund for the full retail price today..in fact quite probably more than they're really worth
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
SAAS moved well today as APT moved up as well. Both are obviously in the ASX investor eye and this might partially account for both. ATM tends to move more after a couple days post-figures, but I'm not so sure it will this time. Its a frothy one and its growth is more challenged plus competition is beginning to grow for them.
There seems to a lot of confusion about what a customer of PPH is.
After the last quarterly results a lot of people were saying things like "only 3% growth" and "only 8%" in customers despite revenue growth being consistently well ahead of this.
In they early days PPH went for predominantly smaller churches with simpler management structures, where it's easier to get a sale. So low hanging fruit.
They've now got a stated objective of targeting bigger churches.
So theoretically you could have 100 churches with congregations averaging 250 people, then add 1 with a congregation of 25,000 (not unheard of in the US).
Your customer numbers have increased by 1%, but congregation size has gone up by 100%.
Revenue is more aligned with the latter.
Also, you could have 40% of the congregation of a church using Pushpay on day 1, which grows to 80% a year later.
Customer numbers (churches) hasn't increased at all, but monthly user and payment fees has doubled.
There seems to a lot of confusion about what a customer of PPH is.
After the last quarterly results a lot of people were saying things like "only 3% growth" and "only 8%" in customers despite revenue growth being consistently well ahead of this.
In they early days PPH went for predominantly smaller churches with simpler management structures, where it's easier to get a sale. So low hanging fruit.
They've now got a stated objective of targeting bigger churches.
So theoretically you could have 100 churches with congregations averaging 250 people, then add 1 with a congregation of 25,000 (not unheard of in the US).
Your customer numbers have increased by 1%, but congregation size has gone up by 100%.
Revenue is more aligned with the latter.
Also, you could have 40% of the congregation of a church using Pushpay on day 1, which grows to 80% a year later.
Customer numbers (churches) hasn't increased at all, but monthly user and payment fees has doubled.
Originally Posted by Blendy
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