Crikey .. $6.43 finish up today
Printable View
Crikey .. $6.43 finish up today
OK, so the buying isn't stopping - currently at US$1.13 MCAP.
Anyone care to speculate who is buying in? It seems they are trying to build a decent position and not waiting for pull backs.
p.s. wish I had more of these!
PPH's investor relations are second to none - their messaging is clear and consistent and they have habitually outperformed guidance
However, at $7, it is looking increasingly weighted to the downside:
- Slowing customer/revenue growth
- Reasonable competition
- Near-term economic headwinds with donations linked to GDP
- Declining church membership (https://fivethirtyeight.com/features...t-coming-back/)
- Broker valuations carrying a 10% WACC, which implies a cost of equity of around ~12-13% (depending on your views around risk free, beta, MRP and gearing)
Too pessimistic?
Longterm, Pushpay has set its sights on $1.5 billion annual revenue (I assume that's a USD figure), and as you say they have a great track record of achieving what they say they will.
Someone is still seeing opportunity at $7, buying 1.7 million shares today at $7.02 VWAP.
If Pushpay gets onto the radar of US investors, what would that do to the shareprice?
*edit - I hope I have the revenue figure right, please correct me if I'm wrong!
Brokers all recommend buy......no target ...but saying future is very rosy....with all the covid n people are in hope of God blessing.
So dip in my toes again...this morning....
Finished really strong at the oz Market... luckily picked some..used all my oz Moni
Mate...I been in and out PPH long enough....my first entry was $1.70
Was waiting the SP pull led back before get in again...
Great future ..but many still disbelief..m