Noice. Can't tell if this is being driven by the NZX or ASX.
Theres another 100,000 at $4.35. Doesn't seem to be the usual machines nibbling a few heer and a few there. Someone is putting decent coin on the table (while someone obviously happy to take the gain)
The Bull weekly update had a premium article on PPH that I received today.
thebull.com.au
As I am not a premium member I don't know the content.
Headline was
This mobile-payment app company is one to watch
Pushpay's digital collection-plate technology...
Just google it - and potentially clean out your cookies before you do ;
That's as I see it the major conclusion from the article:
The challenge with Pushpay is valuation. A billion-dollar market value for a loss-making company is a big ask, even by tech standards. The stock is not widely researched by analysts and consensus forecasts are too few to rely on.
Pushpay expects to be cashflow breakeven by the end of 2018. The long-term goal is attracting 50 per cent of the medium and large church segments, a market it says is worth more than US$1 billion in annual revenue to Pushpay.
There’s a huge addressable global market in electronic church giving and Pushpay, for all its growth so far, is only scratching the surface with US$70 million in revenue. Other growth will come as schools and charities use the technology to encourage regular giving or launch campaigns to raise money quickly for projects.
Buying Pushpay at the current price requires a leap of faith. But when you consider the industry position, the potential market size and the value proposition that electronic giving offers churches and worshippers, Pushpay warrants attention.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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