PPH - PushPay (Church/donor software.)

[banter]

Noticing PAY now has a market cap over $400m, I had a look to see if they were NZ50 candidates. They’re not, as 75% approx of shares are held by directors and associates – though if I remember right the Herald reports they’re thinking about helping out by selling a few.

PAY lost 20cps at last report annual accounts, and has a turnover *based on the last month covered by the Annual Report, annualised*, of $200m – less than half the MCAP.

Directors’ blurbs reveal connections with home ventilation business (sales) and something called Bitcoinica, in liquidation.
I noticed a few other interesting things in passing which I will share here.

[banter]

Douglas David Kemsley sold 393,787 shares for $1.7m on 19/10/15. https://nzx.com/files/attachments/223035.pdf, and another $1.1m worth at $3.85 on 5/6/15 https://nzx.com/files/attachments/214372.pdf

The closing share price on 19/10/15 was 7.87

Want some Pushpay shares? Instead of paying $7.87, you could ask DDK if he will sell you some at $4.88.
Or better yet, at $2.90.

Perhaps some of the buyers (listed below - per NZX announcement) will be selling on market.

The following trades were at $4.88 per share:
The Perry Savill Trust as to 35,000 shares
Mila 19 Trust as to 10,000 shares
Samuel Douglas Fitzgerald as to 20,903 shares
FNZ Custodians Limited as to 29,725 shares
Joshua Paul Coburn as to 8,196 shares
Christine Joy Dyke as to 10,000 shares
R & E Bell Family Trust as to 10,000 shares
Sean Lloyd Richardson Mulholland as to 10,000 shares
Jonathan Edward Phipps as to 2,050 shares
Daryl Matthews as to 2,049 shares
TNT Trust as to 10,245 shares
Willem Jacobus Prinsloo & Johanna Dorothe Prinsloo as to 5,000 shares
Lawrence Wayne Fudge III as to 6,100 shares
Steven Dunstan as to 2,050 shares
Reed Bogard as to 918 shares
Rodrick Shane Williams as to 4,098 shares
Michael Khouri as to 3,073 shares
Ivan Philip Selak & Elizabeth Mary Selak as to 4,098 shares
Megan Jaffe as to 35,000 shares
John Archibald Banks as to 35,000 shares
Simon Adams as to 15,365 shares
Alan Conder as to 10,000 shares
Ulrik Kaare Olsen as to 15,000 shares
The following trades were at $2.90 per share:
M J Roberts as to 34,400 shares
Chrisholm Family Trust as to 51,724 shares
Marion Tahana as to 23,793 shares

[banter]

http://www.sharetrader.co.nz/showthr...l=1#post525710
http://www.sharetrader.co.nz/showthr...l=1#post525610

“Trying to buy the shares and they won't let me. Reckon I can only put an order on for $2.56 at most. $0.01 above the highest bid??
Seems like they're doing the manipulating rather than me.”

[banter]

The moving average of daily turnover over the past 50 days in 2015 has ranged from $1k to $38k.
Anyone trying to sell, say, $100k worth could depress the market quite a bit.

And you wouldn't want to cause any downward price momentum - see next.

[banter]

This chart compares PAY with some other shares that went up recently by hundreds of percent.
pay.png

[Beagle]

Not one I follow, (I don't engage in investment speculation, real companies with real earnings or I'm not interested), but I think you've made some excellent points banter.

[Plutus]

This chart compares PAY with some other shares that went up recently by hundreds of percent.
pay.png

That would suggest it is topping out ??

[banter]

That would suggest it is topping out ??

A sharp fall might suggest that. PAY might go up some more from here.

But put it this way - what stocks have gone up three-fold or more in recent years and NOT fallen to a third of peak?
AIR, THL and FPH have. But they're all profitable companies.

[Joshuatree]

If it hasn't been posted already ;PIE Funds are now happy holders of PAY. Comparison with Xero 40 x multiple ;PAY 14.7 very bullish .

[Leftfield]

Results announced today…

"Pushpay Holdings Limited CEO, Chris Heaslip said, “Pushpay has had six months of phenomenal growth, we have exceeded our targets by 11% having increased our Merchant numbers by 111% in the six months to 30 September 2015, ending the half year with 2,102 Merchants…

"….The Company is now targeting an increase in Merchant ACMR of over 100% to more than $28 million in the six months to 31 March 2016. Over the medium term, Pushpay is targeting an increase in Merchant ACMR to $100 million within the 36 months to August 2018."