PPH - PushPay (Church/donor software.)

**sb9** · 02-03-2023, 03:11 PM

Originally Posted by winner69

What you reckon happens to share price now sb9

Push can’t really come out with another downgrade can they

If deal doesn't go through (which is most likely now), sp will get hammered down in the short term. But eventually someone will have to front up with bit more, say another 20-30% more to gain any decent traction. Amongst all this where does the latest guidance (which wasn't that great) put sp at, that's the Mln$ question.

**winner69** · 03-03-2023, 01:54 PM

Shaw says no Board resignations if scheme fails

Just have to deliver on the 'optimistic' outlook now eh

**Mel** · 03-03-2023, 03:11 PM

As expected, back to the negotiation table - or back to business as usual (with a drop in the share price no doubt):
https://www.nzx.com/announcements/407798

**winner69** · 04-03-2023, 11:11 AM

Those who voted down the low ball offer to takeover Push atr probably really happy now

They might even to get to vote on $1.60 offer soon but if that doesn’t eventuate they can buy more Push shares really cheap for a while ….. and then enjoy the ride as Push delivers on its strategies and shares go to 2 bucks plus.

No doubt the likes of ACC, Nikko and Milford enjoying this moment

**nztx** · 04-03-2023, 02:29 PM

Originally Posted by winner69

Those who voted down the low ball offer to takeover Push atr probably really happy now

They might even to get to vote on $1.60 offer soon but if that doesn’t eventuate they can buy more Push shares really cheap for a while ….. and then enjoy the ride as Push delivers on its strategies and shares go to 2 bucks plus.

No doubt the likes of ACC, Nikko and Milford enjoying this moment

What do your crayons suggest going forward for this dogs breakfast - W69 ?

**JSwan** · 05-03-2023, 10:39 PM

All quiet so far, no news is good news or…

**sb9** · 06-03-2023, 12:59 PM

Looks like hammer time as suspected. Wonder where to from hereon....back below a buck?

**Nigelk** · 06-03-2023, 06:39 PM

I voted against the takeover and was happy to pick up as many shares today at $1.12 as I sold for $1.28 a few months ago. The aribitrage fund being forced to sell is a rare opportunity.
I still retain a bunch with a significant negative holding cost as a result of being an early investor and selling some at the high points.
At virtually every stage of the last 8 years, there has been a lot of negative sentiment about PPH. The SP has been volatile too. Look at the 12 month graph to see when the SP was at a brief low point and the PE investors made their bid.
Fundamentally they have good products, that they've broadened through acquisitions and can now cross-sell, they have high margins, and the ability to scale more, especially into the Catholic sector where they're already making inroads. Molly and and the CRO need to prove themselves and their ability to deliver. Or, the board need to replace her/them.
No company ever has a smooth ride.

**Gerald** · 06-03-2023, 09:41 PM

Originally Posted by Nigelk

I voted against the takeover and was happy to pick up as many shares today at $1.12 as I sold for $1.28 a few months ago. The aribitrage fund being forced to sell is a rare opportunity.

Over ~350m shares traded on the NZX alone since the deal was announced vs only a few mil in the last few days doesn't seem to suggest large forced selling. Perhaps the exit door isn't large enough?