Enough reasons for punters to reach for the sell button .............and hedge funds loving that and mopping up whats offered
https://www.nbr.co.nz/hunters-corner...nt-on-pushpay/
Prob paywalled
Printable View
Enough reasons for punters to reach for the sell button .............and hedge funds loving that and mopping up whats offered
https://www.nbr.co.nz/hunters-corner...nt-on-pushpay/
Prob paywalled
https://www.nzx.com/announcements/402029
Pushpay 2023 Interim Results Announcement
9/11/2022, 9:30 amHALFYRPushpay 2023 Interim Results Announcement
Auckland, New Zealand | Redmond, Washington; Colorado Springs, Colorado; Plano, Texas, US – 9 November 2022 (NZT)
Summary
- Positive year on year growth in key metrics albeit at a lower rate than anticipated due to investment for future growth, the go-to-market strategy reset and broader macroeconomic factors presenting ongoing challenges.
- Operating revenue of US$103.0 million, up 10% on prior comparable period (pcp).
- Underlying EBITDAF of US$26.8 million, down 10% on pcp.
- Total Processing Volume increased to US$3.6 billion, up 2% on pcp.
- Increase in Customer numbers (+4% to 14,602 Customers compared to 30 September 2021).
- Strong operating cash flow resulting in net debt of US$35.1 million, down from US$47.2 million as at 31 March 2022.
- As updated on 28 October 2022, guidance for FY23 is Underlying EBITDAF of between US$54.0 million and US$58.0 million. Pushpay continues to forecast positive operating revenue growth but has lowered expectations to be between 4% and 8% for FY23.
- Medium-term growth outlook (>US$10 billion in Total Processing Volume and >20,000 Customers) impacted by current operating trends and expected to take a further 12 - 18 months to achieve.
https://www.nzx.com/announcements/406248
Independent report has valued it at between $1.33 and $1.53 - conveniently captures the $1.34 bid!
I'm voting against it
https://www.nzx.com/announcements/406301
7/2/2023, 9:59 amMKTUPDTEPushpay reconfirms and narrows FY23 guidance range
Auckland, New Zealand | Redmond, Washington; Colorado Springs, Colorado; Plano, Texas, US – 7 February 2023 (NZT)
Pushpay Holdings Limited (NZSX:PPH, ASX:PPH, ‘Pushpay’ or ‘the Company’) has today reconfirmed and narrowed its previous guidance range for the year ending 31 March 2023.
In October 2022, the Company provided updated FY23 guidance for Underlying EBITDAF[1] to be between US$54.0 million and US$58.0 million, with positive operating revenue growth to be between 4% and 8% for FY23.
Following completion of month-end processes, Pushpay today advises that its trading performance for December and January was in line with its expectations and the Company has now narrowed its guidance range for Underlying EBITDAF to be between US$55.0 million and US$57.0 million. Pushpay expects positive operating revenue growth of between 5% and 6% for FY23.
The Company’s strong operating cash flow continues to enable Pushpay to pay down its debt facility, which was obtained to partially fund the Resi Media acquisition in August 2021. Pushpay’s net debt balance has reduced from US$35.1 million as at 30 September 2022, to US$22.2 million as of 31 January 2023.
ACC reported in NBR as intending to vote NO to acquisition
Doesn’t matter though right? Only 6.2%