PPH - PushPay (Church/donor software.)

[Jay]

Sold out of ATM on one if its volatility swings (maybe too early by the looks of things) and bought more PPH -
Still up just over 25% for the short term so far, can't complain.

[King1212]

Booked in profit...as all time high. Will get back in if down a bit...or notor it will keep going up....

[Beagle]

Jeepers. If this carries on it'll be $4 by Xmas.

What's it going to be by Christmas 2018 with the Nasdaq listing...that's what's got me licking my chops in anticipation.

[winner69]

What's it going to be by Christmas 2018 with the Nasdaq listing...that's what's got me licking my chops in anticipation.

At least $5 ....... US$5 of course

[Beagle]

At least $5 ....... US$5 of course

My instincts tell me that might be a little conservative. Definitely one for the 2018 sharetrader share competition, (if there is one) and a healthy dose in the real portfolio too

[silverblizzard888]

Having doing many valuation exercises and tracking of US tech companies, if PPH can achieve its $100 ACMR this year, we'd see a $3 billion valuation on the US market since the US market tends to expect low capital returns for their money and extends payback. While when I do a kiwi tech value I get 900 million due to kiwis conservative nature and much need for much higher returns, so big difference in numbers and reason why I think PPH want to list in the US. we are talking the difference between $3.5 and $11.50 just on crowd apetite.

[Beagle]

Having doing many valuation exercises and tracking of US tech companies, if PPH can achieve its $100 ACMR this year, we'd see a $3 billion valuation on the US market since the US market tends to expect low capital returns for their money and extends payback. While when I do a kiwi tech value I get 900 million due to kiwis conservative nature and much need for much higher returns, so big difference in numbers and reason why I think PPH want to list in the US. we are talking the difference between $3.5 and $11.50 just on crowd apetite.

Double your money on a NASDAQ listing wouldn't surprise me, triple would be very nice but the hound might get too fat and lazy from the profit..oh well never mind, deal with that "problem" when it comes

[winner69]

Chris Heaslip bans laptops at his meetings

Like that idea

[winner69]

Big business this church giving ...even have big Summits on how to do it better and better

Push seem to play a big part

https://echurch.com/summit/

[winner69]

Having doing many valuation exercises and tracking of US tech companies, if PPH can achieve its $100 ACMR this year, we'd see a $3 billion valuation on the US market since the US market tends to expect low capital returns for their money and extends payback. While when I do a kiwi tech value I get 900 million due to kiwis conservative nature and much need for much higher returns, so big difference in numbers and reason why I think PPH want to list in the US. we are talking the difference between $3.5 and $11.50 just on crowd apetite.

Silver ...yes SaaS valuations interesting

But isn’t a 30 times ACMR (run rate) for Push a bit excessive / optimistic

When assessing a suitable multiple does one need to consider that only a third of revenues applies to the software (the SaaS but), the rest being their cut of what’s processed.

Common practice is to include services and other add ons because they generally are seen as recurring. So fair enough to count these processing revenues in ACMR but there is a strong case to say that the 50% processing fees should be taken off (shown in the accounts as a cost of sales) - thus using a net ACMR figure as a base for assessing valuations based on multiples.

A $100m reported ACMR would only be about $70m if we did that. So currently share price reflects a multiple of about 10.