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Ex_cfo

67 Posts.

1

20/12/17

13:10

Post #: 29770334
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Originally posted by grasshopper05 ↑

I agree that it feels quite fully priced at the moment. With the company targeting revenue of $US 70m for the current NZ financial year this would represent around 91m AUD and a market cap of around 1.04b it is trading on 11.4x sales at present.

For a fast growing company in the tech space this isn't unreasonable but certainly isn't cheap as opposed to earlier in the year.

The company is looking stronger and stronger by the quarter and their dominance of the big churches which is the more profitable end of the market will serve them well going forward I believe.

Definitely one to hold for the longer term however suspect we will get a pullback at some point as I think alot of the demand at present is from NZ holders cycling out of XRO with its pending delisting on the NZ market.

I am very surprised there hasn't been more activity around this stock given the growth of the company and rising share price. Perhaps 2018 will be the year this one gets more attention.

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I agree that some XRO shareholder might be switching to PPH. I would not be surprised that Kiwi will make PPH another XRO.

PPH Price at posting: $3.74 Sentiment: Buy Disclosure: Held
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