Hmmm ..as of 10.30am..PPH shareprice is falling and the downward momentum is increasing 910c -10c -1.1%
Result price already factored in?
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Didn't the Huljich guys offload a bunch of shares a few months back, causing the shareprice to dip? I imagine there's more selling to come.
My thoughts and opinion (musings) below may be wrong but maybe...just maybe..
More insiders with SaaS and innovation strengths leave..
Pushpay Holdings Limited (NZSX:PPH, ASX:PPH, 'Pushpay' or 'the Company')
announces that the Board has accepted the resignation of Peter Huljich as a
Director of the Company, effective 31 December 2020. Peter's Alternate,
Christopher Huljich, will also cease to hold office from that date.
Those Directors leaving is another sign that PPH company's lifecycle is maturing...This news maybe starting to see a shift in the type of shareholders as some SaaS type investors may decide to leave now for other SaaS hunting grounds..I don't know but maybe in the near future Fund managers may also have to rejig PPH into different portfolios.
This would attract a different breed of investor.. Profitable mature companies tend to pay dividends....If that happened it would attract a new breed of investors, like the Mums and Dads and the elderly reliant on income streams..Until that time though, PPH's share price may temporarily "fall between the stools".
I'm trying to justify the investor lack of enthusiasm over the very good result. Maybe the Share price was already factored in or perhaps it's to do with the maturing status or both or something else I don't know about.
.....Just saying...
EDITED.... PS..In my view PPH is a great company
Price 870c -50c -5.4%