A bit of short interest perhaps, but this is just ASX as of yesterday.
https://www.shortman.com.au/stock?q=pph
Printable View
A bit of short interest perhaps, but this is just ASX as of yesterday.
https://www.shortman.com.au/stock?q=pph
Oh dear. A trade at $4.10. I smell another price enquiry on its way.
Slight bit of positive movement ahead of tomorrows announcement. Midday will be very telling.
Clare Capital have done some research on SaaS companies and found that this formula is pretty good -
EV/Revenue = 25 * (LTM Growth Rate%) + 1 ; with a margin of error of +/- 7.
Push $70m revenues and 100% growth would be on a multiple of 26 ......ie share price in excess of $9
Even if you used net sales (less card company cut) it would be way over $6
On the chart Clare showed plotting numerous global companies Push is a real outlier .....so so relatively cheap.
Some curious bids at/post closing; one being 8c above asking price. Makes you wonder how many people get to see tomorrows market update before us plebs do..
Will be interesting tomorrow. Stop-loss in place in case things don't go as hoped.