Yeah, PPH have got competition like everybody else, but a broader product, scale, access to capital and much more.
It's not the number of churches that matter, but the numbers of people you use the App that counts.
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Wonder if the extra 6172 numbers came from this ............
https://www.ascendsites.com/tithely
If you think about it this company is not in a bad position at all. Growing operating leverage with a solid margin and hefty NPAT. Got boosted by a tax gain last year but now actually profitable by a large degrees. Balance sheet looking pristine with an industry tailwind currently in place
Not a bad company at all
Digital giving been accelerating with Churches lock downs plus tailwinds for NZ dollar .........
Holders will be happy...... good result.
Happy with that better than expected with excellent earnings guidance . Entered recently !lets see if this is enough to get out of the trading range established over the last two years
Have strong earnings growth now for the first time
Strong guidance forecast
Have to wonder if a larger fish would be looking to snap them up. MCAP only US$850 million.
Or maybe a NASDAQ listing is on the cards in the next 12 months? Pure speculation of course!
WOW pretty pleased I doubled down when it went under $3.00....happy Bear :)
I am trying to find a credible source for valuation of SaaS companies in 2020. Can anyone point me in the right direction?
(Some articles speak of Revenue multipliers of over 20x. Wouldn't that be nice..)
Excellent result. Took profit this morning with balance now cash & free carry ..........:t_up: