Ummm, interesting. Can't see how they could/would do an acquisition with no cash and doubtful a bank would lend them much. So would most likely need to be funded by shareholders !!
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Nice steady SP increase since the breakeven announcement. Last AXS trade was AUD$3.46 = NZD $3.64.
Fingers crossed we're back over the $4 mark soon
Hmm the tide seems to have turned, wonder why :confused:
Not much as nterest in Push these days but pretty amazing report for Q3
http://nzx-prod-s7fsd7f98s.s3-websit...261/294554.pdf
You mean it is pretty amazing that they stay within the forecasted growthrate? Sure - many other growth companies (PEB anyone) deliver consistently less than they promise (not just sporadically as PPH) - i.e. it always could have been worse and yes, companies which do (from time to time) what they say they do must be better.
Question is - how much of a premium is it worth if they do what they say they do? If I believe the forecasts of the analysts (which seem to turn out correct for this FY, which is good) and put these numbers into the typically optimistic Graham formula, than it returns $1.57 as share worth. Meaning, everybody paying more expects growthrate to accelerate from here. How likely is this?
Admittedly - an investment into the faith industry (by fleezing the flock) might be as well good for the soul ... and so far I haven't figured out how to include this into the standard financial formulas. Must be all good ;);