Well done for picking it up correctly.
Yes, bit disappointing but life goes on. Sure there'll be few weeks of turbulence ahead until we hear next bit of news/update from company which is through the ASM on 17th July.
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I still think that its amazing that even at $4 Push is trading close to 20 times net sales
Never mind the market is always right
i put my hand up for a few. given it is underwritten at $4, i think it is safe to assume Craigs know they can put them away with instos at more than that number.
Just what's in here http://nzx-prod-s7fsd7f98s.s3-websit...516/281212.pdf
This is what they say
On 10 January 2018, Pushpay announced its intention to complete a US market listing this calendar year, by 31 December 2018.
○ The drivers behind the decision were to 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.
● The board considers the primary objectives of the US market listing have been largely achieved and has decided to cease preparations for a US market listing for the time being. The board will reassess the need for a US market listing periodically.
○ We have seen a substantial increase in liquidity and a wider range of institutional investors join the register, including US-based institutions.
● The proposed sell down provides Pushpay the opportunity to further advance the desired outcomes without the cost, complexity and compliance associated with a US market listing.
● Pushpay is confident that its existing capital is sufficient to reach cash flow breakeven prior to the end of calendar year 2018, with cash on hand.
● Pushpay does not currently have any requirement for additional capital, however it may consider acquisitions in the future which would serve to further strengthen its existing solutions.