Don't know about the 17th but I reckon this thing is being shorted at the moment.
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Well something is driving the SP up 6% so far today. I'm hoping its sustainable
16th is reporting day
"
Pushpay Holdings Limited (NZSX:PPH, ASX:PPH, 'Pushpay' or the 'Company') will hold its Annual Results Investor Briefing to discuss its annual results for the year ended 31 March 2018, at 11:00 am (NZT), Thursday, 17 May 2018. For other time zones please see below. The Annual Report and annual financial results will be released to the NZX and the ASX prior to the call."
Some big crossings going on at $4.12 today. About 2mln shares earlier in the day and about 50k recently.
Push won’t do a A2 tomorrow ...will it?
I'm psyching myself up for a rough day. Seems market is pricing future value into current price and hammering average results while smashing slightly negative announcements.
No need to worry about today mini
All we are going to get is how much they lost and what the cash burn was ......those things don’t matter anyway
As long as they say revenues and that crap thing called ACMR are tracking OK and we’ll be cash flow positive sometime we’ll be right
If they do make any outrageous forecast as long as it F19 revenues will $105m or more the market will not be disappointed
Trying to digest it;
Pushpay delivered on its FY18 revenue guidance of US$70.0 million, doubling total revenue to US$70.2 million in that period. These results were attained through the targeted implementation of our strategy, growing team capabilities and expertise, and responsible investment into product design and development. Operating leverage While Pushpay increased operating revenue by 99.4% over the financial year, other operating expense growth slowed considerably to 41.2%. As a percentage of operating revenue, other operating expenses improved by 38 percentage points, from 130.6% to 92.5%. Pushpay expects significant operating leverage to accrue as operating revenue continues to increase, while growth in other operating expenses decreases considerably. Margin improvements Pushpay's diligent approach to optimising gross margin has driven pleasing results. We announced in April 2018 that the margin improvement program is progressing better than expected. We now expect gross margin to grow from 55% over the year to 31 March 2018 to over 60% from October 2018 onwards. Our discipline around margin expansion has enabled us to better position the Company for future efficiency.
Not much new in the full year announcement (on first skim through)
Boring stuff that doesn’t matter was the $23m loss and cash burn of $20m
Looks like we need to wait to early July for any excitement
"On 10 January 2018, Pushpay announced its intention to complete a US market listing this calendar year.
The Board believes that a market listing in the US will expand Pushpay’s shareholder base, increase liquidity and enable the Company better access to capital, thereby increasing funding alternatives to support the Company’s growth strategy. With 97% of Pushpay’s Customers based in North America along with 258 staff, Pushpay considers a market listing in the US to be a logical and important step in order to take advantage of growth opportunities, further strengthen the Company’s market position and increase awareness of the Company and its products globally. Any market listing would be subject to satisfactory market timing, approval by a US exchange and satisfying a number of other customary listing prerequisites."
Other than that, or anything they may say in the investor briefing, they are silent on the US listing. Hmm......
Playing with us
Keeping the dream alive is the intent
Hers the investor presentation
https://irssl.euroinvestor.com/IR/Fi...esentation.pdf
IF need more capital by end of yr sounds likely by new US listing & investors?
Push rave “$3bn USD being processed to drive social good in communities around the world!”
Meant to give us the warm fuzzies ....doesn’t do it for me though
Key takeaway from conf call is "Dynamic Home Screen" for clients based on their demographic requirements. Chris sounded pretty excited about that.
Other than that business as usual.
Hope all this talk about margins going to 60% is more than just talk
Both H118 and H218 margins were down on pops ....and H2 was less than H1
No doubt Chris knows best
Losing ~ $23m per annum and as at balance date just $17.8m cash on hand. Another cap raise coming sometime this year...better hope they don't fail on their promise to be cash flow breakeven by Q4 like last time. Lots of low hanging fruit already picked. Harder to make real progress now. Too risky for this hound.
yeh they sure received a lot more money but spent nearly all of it.
see how many more people got added to the >100,000 salary register!
They only just managed to "meet" their FY18 revenue guidance ofUS$70.0 million with $2,493m of other income, which is up 691% on the prior year. Seems like they actually missed it?
I had to ask myself which is a better investment, afterpay or Pushpay? Personally Afterpay came out the winner for the me, huge penetration in Australia, massive opportunity in the USA and a product which can be used across almost all retail transactions. I just don't see the same potential in Pushpay anymore.
I would take this to mean that the screen, content, tools, information is dynamically changed based on who the user is and their context. e.g. For church X, the options, images, default values etc would be rendered relevant to them..
Same, for the actual user. They could then get into content and data pre-population, advisory based on a user.. e.g. Hey user, 80% of church givers in your location / state, with this job type, actually tythe this much..so we have made it easy for you and defaults the user along those lines etc.
Should mean that they don't then need to write 'custom code' for each church, user etc.
Disc : I haven't downloaded the app to try
Ever the optimist......
- No rah rah over US sharemarket listing
- no information suggesting sharemarket listing wont happen
- promised sharemarket listing
- advice to make cautious statements so price drops
- those involved in listing get cheap shares
- PPH lists and share price rockets away again.
300,000 just gone through at $4.12. Hopefully this is the new floor.
It’s still steam ahead at Push HQ ....what can go wrong?
Chris Heaslip (@ChrisHeaslip)
25/05/18, 9:07 AM
I love reading the Pushpay product release notes our team releases each week. Incredible amounts of innovation and improvements shipped.
it's been pretty much $3.80-$4.30 since Dec '17 when the index inclusion buying pushed it up. looked like it was going to break up and down but sticks in the range. still seem to be plenty of buyers and sellers at both ends. which will break first? I believe it will be higher in 12 months, with US listing etc but not sure from here.
Little round numbers, like 50,000 and $4.20 have so much appeal. So nice, worth repeating.
Gotta say, I am a fan of biggly roundier numbers. like 500,000 and $4.30
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.
Best part of that bull article for me was -
History shows that online platforms that create a leading position benefit from a strong network effect as more customers (in this case, churches) attract more users (churchgoers), which in turn attract more customers and so on.
Huge future profits assured ...keep the faith
[QUOTE=BlackPeter;717149]Just google it - and potentially clean out your cookies before you do ;);
Thanks, Percy, Winner 69, and BlackPeter for your input and suggestions.
I have rebooted and now I can read it too.
My suspect, is Windows10 April 2018 Update as I have had a number of issues since and only got my PC back on Friday afternoon after service.
I think it is now at its all time high? Wasn't $4.35 its previous high? Amazing stuff.. I wonder what intel these people are buying on. Heaps more volume as well. Lets hope this end of calendar year break-even is on track!
I bought at $3.30 a few months back so enjoying the 33% gain. Onwards and upwards
Chris excited about this. Could be interesting
Pushpay (@Pushpay)
13/06/18, 4:39 AM
Over 2,500 people have already signed up for our webinar featuring two social media innovators: Nona Jones and @AlanVGeorge. Sign up and tune in tomorrow at 11 AM PDT. Don't miss it! bit.ly/2Mj7I5E
$4.50 by weekend? or pipe dream?
trading halt, something brewing tomorrow
https://www.nzx.com/announcements/319507
bets on a US listing announcement?
Capital raise?
Nothing on ASX yet???
And bugger HC broken
Well, Im hoping its good news. And not bad news resulting from number fudging.
'Material transaction' is reason for halt
On the ASX announcement:
Reason for trading halt: PPH is at an advanced stage of finalising a material transaction. It wishes to ensure an orderly market while the terms of the transaction are finalised.
Acquiring something?
Not sure if it is still relevant, but there was this comment about a raise in an NBR article in November. This would seem to fit the bill?
https://www.nbr.co.nz/article/pushpa...keven-b-210034
To PPH shareholders, "Keep your faith and pray."
25,125 went through at $4.40 just before announcement an hour later. Perhaps a last gasp effort to pick some up at a cheaper rate.
With its current market cap any acquirer would have to wait years and years if not decades before they were cash flow positive on the transaction.
Probably why not a takeover but a good reason for principles selling down if they’ve found a buyer.
Then again a material transaction is an acquisition
http://nzx-prod-s7fsd7f98s.s3-websit...516/281212.pdf
Possibly not what shareholders are hoping for. Co-founder selling out completely (for personal reasons) and apparent indefinite deferral of NASDAQ listing.
Good luck to holders.
Gee, umm, that's a lot to take in. I guess it's steady as she goes boys, but that's quite a lot of change. Glad they suspended trading until it can sink in more objectively.
Am I the only one that finds it curious that the co-founder is selling out completely before they break even at a cash flow level, (after breaking their promise in that regard last year).
@beagle
No you're not alone thinking that.
Yes, probably, a bit worrying.
Depends on who the optimistic buyer is, how deep their pocket is and how long their horizon is.
Not often good when an insider bails, especially a founding shareholder with deep insights.
Nervous times for holders. Trading halt for an "orderly market" is code for this announcement would guarantee a disorderly response!