And another 300,000 at 4.32. Someone doesn't mind accumulating in big slabs
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Noice. Can't tell if this is being driven by the NZX or ASX.
Interesting week. Demand and volumes that weren't necessarily expected. Somebody's crunched some numbers and likes what they see obviously.
Shareprice pushing new highs
Currently trading at more than 20 times Gross Profit .....hmm hmmmm
Does a ‘Talented and Driven Team’ deserve such a high rating
Not much interest on the ASX
It worked OK for me.I receive their newsletter weekly.
Worked OK for me as well
Good that they get these sort of articles out to keep the hype up.
More hype the better for the shareprice ....esp if Australian retail (bull.com.au followers) like the story
As the article says a break out above resistance (in NZ about 450) we’ll be right
Keeping the faith
Just google it - and potentially clean out your cookies before you do ;);
That's as I see it the major conclusion from the article:
Quote:
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.