Mr dog...no signs of slowing down...hopefully u still got some! It will go up higher when 10th January comes.
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Yes it has been surprisingly resilient after the quick 20% rise due to index inclusion. As noted above I still have a reasonable holding but will need to add to that over the holidays at some stage to make it more meaningful.
Strong close on ASX y’day at 3.98 which equates to NZ 4.37.
I've been watching this on the sidelines since the start of the year and kind of regret not getting in. Interestingly; PPH MCAP has historically been trading comfortably at around 7.6x ACMR, accounting for the 25M USD capital raise and new definitions of ACMR. From the 11th of OCT when the 100M ACMR goal was brought forward to 31/12/17 PPH then started trading at around 12x the Septembers quarter of ACMR at 67.5M, with the shareprice sitting nicely at $2.96.
Now that we are only a week or so from having 100M ACMR confirmed, the share price has followed - and again our Mcap is sitting comfortably at 12x ACMR of 100m. Divide that by the outstanding shares of 274M this results in a share price of exactly $4.38 NZD.
Now that PPH is in the NZX 50 and with a lot of exciting news in the pipeline including a US listing, 70M revenue for FY18, and transaction volume target of 10B from 2.2B annualised, is an MCAP of 12x ACMR the new norm? or will we see our historical average of 7.6x ACMR return? or will MCAP vs. ACMR only increase? Or is looking at the value of PPH through ACMR utilising the wrong parameters? Watching with interest and caution.
Interesting article which would relate to PushPay as well, given Venmo is a competitor:
https://www.investopedia.com/article...m_medium=email
Also
https://blog.capterra.com/alternativ...-for-churches/