Can i ask why you chose that particular church? It seems to be a NZ church?
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Looks like it haaaattteesss the $3 mark lol
Still not a lot of money per church when they typically have several hundred members attending weekly . The cost per attendee, per week, is tiny. As stated they're going for bigger churches to lock them in. It will means slower growth in customer numbers but a higher ARPU. Hopefully lower cost to acquire relative to revenue too.
Loving that these guys keep delivering (and exceeding ) what was promised. Up over 200% on first purchase in 2015 and 50% on last purchase just 2 months ago. Still think they're priced reasonably compared to peers. Need to find Xero market cap figures for when they hit $100M ACMR, but I think they were more than 10X ACMR.
Disclosure. Own and in for the long haul
Find a better more inspired Church ? http://www.churchunlimited.co.nz/online-giving/
Few reasons -
1. I had heard of it, as know of ppl who go to it (from facebook posts), so I searched it to see if they are on pushpay
2. They seem to organize very expensive flash conference/events and have a very flashy website, so must get loads of money from <somewhere>
3. Seem to appeal to hip generations, so appealing for smartphone gens etc
So, was genuinely surprised when there was no mention of pushpay on their very appealing, modern, flashy website.
My point is that either ARISE is not very interested in pushpay, or, no one at pushpay is chasing up clients to make sure they are advertising it as a payment method.
Sample size of one. Just an observation, that's all.
USA is the target market.
A bit of a sell off today
Profit taking....remenber sp was $1.66 last time..then recent high $3...that is almost double. People is locking a bit of profit. It will run around $2.80 ish then slowly up again. With thier brake even by possible mid or early next year...thier growth n potential are huge!
I was sceptical a few months ago. But the growth rates even before this week are very impressive and a sign they can execute well. It's more than a church app - schools alone could be huge additional. And this is not a crowded trade. Big brokers don't cover it and there's not much chatter about it. One consequence is that volume is usually low (not this week) so can be hard to get in / out without moving it a way. That will change once the instos start to bite. I have no research to back this up but I think it could have a lot further to run. I bet I can't hold onto mine all the way up though!
Just watched the CEO video sent to my email....very confident with the management...
Unsure why anyone would not be confident. Have been growing hugely each year. Consistently out performing targets. A low overhead business (minus sales) with not many players and huge future revenue potential. About to break a $100m revenue. On top of that they are a technology SaaS company.
What is not to love?
My two favourite growth stocks ATM and PPH, exponential growth and both in huge markets,conquering the US is everything.
Weren't they talking about a an approximate 3 year timeframe recently ?
I agree kizame, the chances of a takeover in due course are very high especially once its breaking even.
Disc: Have a bob each way on super growth stocks with this and A2 with the same sized shareholding in each.
insto bought in in ASX!!:t_up:
So looking at the detail of the NAB notification - bought the first 200k @ $2.10 back in Aug. (I remember that day when it spiked through $2.00, then dropped back to low 1.90s). Then 8 mio at $2.96! ?? I don’t think 8 mio have even gone through at that level or above, have they? I’m which case the executing broker FNZC, might be quite short still and scrambling to cover if it pops above $3 mark again!
I think we should be reading more into this. This is a large bank. PPH is a payment company. Banks offer payment services among other things. It could just be coincidence that a bank wants to take a stake in a payments company, but it could definitely be something more... partnership? Potential take over?
I think it unlikely that the bank is the ultimate owner. More likely they are acting as a custodian for a fund manager somewhere. NAB was the largest custodial bank in Australia until recently. Still a good sign though, I believe.
What to make of this announcement the other day then? Coincidence that it relates to 8m shares?
Does this mean Eliot Crowther is using the 8m shares as security for a loan to go buy a Ferrari?
"Change in Relevant Interest - Eliot BarryCrowther and Crowther Trustee Limitedhave entered into a Letter of Advice anda Loan Facility Master Agreement dated29 September 2017 and a SpecificSecurity Agreement dated 4 October2017 with Bank of New Zealand underwhich Eliot Barry Crowther andCrowther Trustee Limited granted asecurity interest over 8,000,000 sharesin Pushpay Holdings Limited held byFNZ Custodians Limited as custodianfor the Crowther Family Trust and theproceeds of those shares in favour ofBank of New Zealand as security forpayment of a loan facility."
I think that is just a coincidence that the 8m shares volume line up. The announcement says BNZ/NAB now holds over 14m shares and it says that they paid cash of $23.7m on 11/10/2017 for the 8m shares they bought, the statement above is mearly that the 8m shares are being used as security for a loan.
My take is that Crowther borrowed against the shares, rather than sell them. They probly only lent him 50% so he must be quite bullish.
Oh and I think the 8 mio shares isn’t a coincidence but an off-market transaction between Crowther and BNZ. So not meaningful to the price action.
Good analysis here;
https://seaforthben.com/2017/09/03/p...is-for-losers/
big crossing again at $2.89...another run coming soon??
I have an instinct that this one is the next big thing...
I remember going to the Amazon Summit and was impressed by PPH, given their proficiency in building the right technical solution, on sound fundamentals.
Also, they're gaining in one of the largest markets, if they were wanting to start pushing out to other areas, I would imagine this to be less difficult.
LOL yes...it is rumored that a well trained Beagle can smell inappropriate food inside one's luggage from right across the other side of the airport arrivals hall...which is why they have them there of course. I like to think my instincts for a feed are almost half as good but would confess the TA looks pretty stellar on this one :)
Regarding their US listing, as they are already listed in Aus/NZ, will they have to delist in one of these before their US listing? Which one, if so?
That personal trainer could be wrong
$3,60 by Christmas .....nah in November and 4 bucks by Christmas methinks
Go you good thing
pushing 1 billion dollar market cap ...WOW
I doubt so, you only have to look at the recent results by tech giants like Amazon, Face Book and Apple (just now), all of them beat their earnings by big margin.
I think the stars are aligning in right path for this lil beauty and one to watch for in the short to medium term.
https://nzx.com/announcements/309762
DD granted to Pemba re Smartpay
Not entirely sure what this might mean for PPH if comes to fruition
PPH and Smartpay is completely different business model....
would PPH delist from NZX once they are going to US Nasdaq???? Bloody good news awaiting!!! Amin!!
What would the implications be for us invested on NZX if they were to de-list NZX to list in US?
Another day of solid volume with more accumulation in progress....one more bit of good news re progress we might see this fly through close to $4.
the next Xero..will be better..as USA listing is coming. Last update said within 3 years. Now..15 months...well done!!
what's the link to the briefing. it doesn't seem to actually include it in the annoucnement??
edit: forget that...it's by telephone
Nasdaq listing what does that mean for us though? How would it work for us if we wanted to stay holding essentially a US stock?
They said they would remain listed on NZX and ASX post-any NASDAQ listing.
hold your breath....when ASX open!!
Yes, for now anyway.
And he also mentioned there's going to be a capital raise (US) in conjunction with primary listing in US.
One thing I liked in the conf call was the reference to flattening costs at the same time increasing revenue and GP margin. However, the head is expected to hit 400 from current 380 or so after which it basically flat lines from there.
That analyst from Craigs (Steven I think) had most of the questions and some good ones too. If anyone is their client watch out for recommendations coming through over next few days.
Someone has put a cheeky $6 offer on the NZX. Not sure that will get taken out today, one can only hope!
So if listed on the NASDAQ, those shares will become depository receipts as in when Telecom listed? That would mean that the shares will be grouped in tranches of say ten shares so as not to be a penny dreadful?
So then the value of PPH shares will be governed then by the NASDAQ list price for the previous nights (days) trade. Sorry I'm trying to get my head around 3 exchange listings and the result of that.
I read again the result...what a bit worry me is they are going to raise capital again....that will put pressure to the sp again?
And it will be done in conjunction with NASDAQ listing so nothing to worry about I would think.
Just reading through the announcement again, the ARPC increase is quite spectacular, from $540 pm to $790pm or up 46%. Very encouraging and so is the fact that retention rate remains at above 95%, like DIL used to do :-)
I think its more a statutory requirement to issue more capital as part of NASDAQ listing, so that new investors in US can subscribe to them and it also improves liquidity of the stock. Another thing Chris mentioned re capital raise is to strengthen the balance sheet.
That's my understanding anyway.
Happy to put my paws up for some more if they do a capital raise on the NZX. This is a very deep market with hundreds of thousands / millions ? of charitable organizations and churches around the world and they are just starting to scratch the surface of this market in terms of mostly the larger Churches mainly in the U.S.
Looking at what stocks have potential for 2018 in what is a fairly fully priced market I would think this would want to be on many investors Xmas wish lists.
Note to self have I got enough ?????, I don't think so, fix this ASAP.
I find it a bit hard to get too excited about this one.
Market Cap nearly a billion dollars nz
acmr 65m$ US
12.5m$ loss US for 6 months
Cash 25m$ US
Growth is very good so far.
Yeah, I'm a Doubting Thomas too.
The revenue growth reported and customer retention rate are outstanding. Two points from the announcement that I'm struggling with -
1. Heaslip's comment to NBR that they have, "only so far secured 4.5% of the medium to large churches likely to invest in its software," is very bullish. Scoop framed it differently; "Pushpay's app has gained traction in the US faith sector, where its services are used by 2 percent of the estimated 314,000 churches. It is now in use in 50 of the top 100 churches in the US." Has PPH already secured the easy (and larger) converters then? Can they then sustain the current level of growth (their share price would demand that) ?
2. By comparison Heaslip's commentary around faith based education and non-profits in NBR was tepid; "likely to be a year or more (away)", they are still "assessing these new markets"and that "it would be arrogant to assume it knew these potential markets." The school numbers shown on the site are very low and haven't changed since they were first loaded. If the faith field has an abundance of easy growth ahead, why are they diverting resources into secondary areas?
My view is that converting these Larger churches would be a harder job than converting the medium ones - so many more egos to convince to get them over the line. The medium ones should be easier - but with less potential individual church revenue. But PPH should be able to do it on a volume basis.Having got some traction in one market its not too soon to start dipping toes in another market to test opportunities. In fact probably a very good time- PPH ought not become know solely as the "church" app.
I also think that having 50 of the 100 largest churches may be a helpful selling point when selling to the medium sized churches. This company and interesting debate reminds me so much of the debate (and results) experienced with DIL over the years.
With the recent increase in SP and some more buying, PPH has overtaken both HBL and THL to become the largest holding in my NZX portfolio and I'm well happy with that.
the personal trainer was right on - it has hit 350
next stop will be 4 bucks
$3.40 bid now on ASX which is $3.77 NZD-equivalent...
Congrats pushpay on a $1 billion market cap!