#1byThe Moose1 hour ago Very interesting play by PPH management - cashburning techies are following market expectation of cashflow positivity, while these guys go the opposite direction. Must see a lot of value still left in the market, even with their market-leading position. Management haven't put a step wrong yet, so I accept that if they see long-term shareholder-value being built through an even higher growth rate, so be it.
PPH continually surprise by beating their own lofty forecasts - they know what they want and they are going to get it. Hopefully all of it!
"We believe a US listing will expand Pushpay's shareholder base, increase liquidity and enable the company to allow better access to capital, thereby increasing funding alternatives to support the company's growth strategy,"
NZX, you are on notice here. You're on the verge of losing yet another great company growing faster than Xero to overseas interests. Saw the same thing happen to Diligent - let's hope history doesn't repeat here!
"We believe a US listing will expand Pushpay's shareholder base, increase liquidity and enable the company to allow better access to capital, thereby increasing funding alternatives to support the company's growth strategy,"
If management needs better access to capital than it seems to me that PPH is going to follow a path of diluting share holdings and increasing risk for share holders.
Mm maybe understandable the share price has dropped about a dollar sinds its high.
this from a herald article in Jan
Chief executive and co-founder Chris Heaslip told investors on a conference call that the company expects to see the majority of the benefits from the Bluebridge acquisition to be apparent in the September quarter, with technology migration to be completed in the March quarter and new functionality added in the June period which he said will have a non-material impact on metrics.
To be honest nz market does not appreciate a good tech company...will probably see this company move to Nasdaq USA...will start with billion company....good luck guys....wish got in yesterday..but let see the market reaction....tmrw
@Hoop wouldn't a move to $1.50 trigger all the technical sell signals?
Disciplined TAers would not be holding PPH they would ditched them back in Mid-April
PPH is in a downtrend (a bear market) the only times there's been buy signals has been during sucker rallies...
One noticeable feature is a weakening of the Bear there has been 3 downward movements stopped at 1.60 creating an attempted bullish bottoming scenario (need a higher high to complete the bottoming pattern)..However a break below 1.60 will reinforce the bear market is still operating..(lower low lower high)
Disciplined TAers would not be holding PPH they would ditched them back in Mid-April
PPH is in a downtrend (a bear market) the only times there's been buy signals has been during sucker rallies...
One noticeable feature is a weakening of the Bear there has been 3 downward movements stopped at 1.60 creating an attempted bullish bottoming scenario (need a higher high to complete the bottoming pattern)..However a break below 1.60 will reinforce the bear market is still operating..(lower low lower high)
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