My thinking is also along those lines i.e. the digital first, digital only offering of PushPay is likely to provide some insulation. Church attendance may stall or drop, but giving through digital channels should prove more resilient than that. Net, net though, I still think it will have a significant impact - apart from the recurring payments from older, wealthier members, I wonder how engaged people will be with their church in an era where social distancing is likely to gain favour even after COVID-19 passes.

I agree largely agree shivrak. There could well be some second and third order impacts, but overall the current situation enhances the value proposition of PPH's products. With large gatherings prevented, Churches will be looking for other ways to engage with their congregation. This current situation, despite its severity, will not outlast religion.

You seem to have got it right @DonWei !

PPH's share price appreciation is pushing it into the realm of the ASX 200. Should it enter the ASX 200 this year, it will force ETFs and instos to buy in. It could drive the share price higher, not unlike what happened to PME. Something to be mindful of.

@shivrak has hit the nail on the head! My history is also littered with selling out of good companies too early, only to watch them scale new heights in subsequent years. However, that kind of long-term approach also requires a strong stomach for volatility.

I agree, but if your thesis is largely baked into the price, you may have to go through a protracted period of under-performance or multiple compression, especially if the company disappoints. Not easy, this investing lark!

Take it from someone who has learnt the hard way. As an investor (as opposed to speculator) never, EVER, base buy/sell decisions on what the share price has or hasnt done. What matters is how the market price compares with a reasonable and objective appraisal of fair value. A stock isnt cheap because it has fallen, or expensive because it has gone up. In fact, some stocks become cheaper as they rise (as the underlying fundamentals and business outlook strengthen) or more expensive as they fall (as fundamentals and outlook further deteriorate). The market is there to serve, not to inform. There's a good primer on valuation from Rask here: https://education.rask.com.au/courses/valuation-course/ I've also written some thoughts here: https://strawman.com/blog/finding-value-with-the-humble-p-e-ratio/ Best of luck