PPS - Praemium Limited

[dmasvar]

this is a hot stock, will double before year end i reckon with the contract they will pick up.. more to come, great success already, good business model, economies of scale..

anyone else following?

 

[cassawary2]

Praemium

Have been watching PPS during 2010. Not much price movement. Good figures for a software company. Big players using their system. Will be watching with interest. (and some shares)

Cassawary2

 

[piggybank]

Re: PPS - Praemium

On the move again...

 

[piggybank]

Re: PPS - Praemium

The stock came up on my scan tonight and noticed that I was the last person to put something something on the stock over 18 months ago. It went sideways for a while but since the beginning of this year it has gone up just over 50% with the volume having increased markedly. Although the half year results (have been out for more than a month) I thought it might be of interest to someone who is thinking of purchasing the stock.

http://www.stocknessmonster.com/news-item?S=PPS&E=ASX&N=419315

They have more recently announced the acquisition of Plum Software Limited in the United Kingdom.

http://www.stocknessmonster.com/news-item?S=PPS&E=ASX&N=420123

 

[peter2]

3yrs since the last post. "There's movement at the station ..."

The first BO failed but the second one looks better.
Above average volume traded today and the close is near the high of day.

 

[greggles]

Continuing good news has pushed Praemium Limited to all-time highs today. The turn around started in mid-April when they reported strong platform inflows of $671 million in the March 2018 quarter.

Volume really started to increase in early June around the time of Peter's post above when they expanded their relationship with Morgan Stanley Wealth Management Australia to include managed accounts.

Today's announcement below is just the icing on the cake. Currently up another 11.63% to 96c.

 

[So_Cynical]

Continuing good news has pushed Praemium Limited to all-time highs today.

A record high 6 months ago followed by another in Sept of $1.18 ~ traded at under 60c a couple of days ago, a 48% odd fall in just 3 months mostly due to all the negative financials sentiment and a little uncertainty that has come from the RC, the 10 year chart is very impressive as are all the numbers in the presentations.

Seems a no brainer.
~

 

[Trav.]

Seems a no brainer.View attachment 91008

@So_Cynical out of interest I have had a look at the weekly chart and added some fib levels to see what support levels are in the area, by my reckoning it has broken through the 50% level on it's way to 38.2% level.

Maybe you are right in that the buying zone is between $0.654 & $0.529 (currently $0.63) but

switching to the daily chart I notice that it is still in a down trend (Lower Lows) maybe telling us to sit back and watch a little more.

Thoughts?

Cheers

EDIT: I Just read your tipping post so the above may not be to relevant as you are looking at the long term anyway for the competition.

 

[So_Cynical]

I notice that it is still in a down trend (Lower Lows) maybe telling us to sit back and watch a little more.

Lower lows are never a good sign, i only ever buy a bottom by accident, the fundamental's are very solid and the 50% fall just has to be a little over done, my trades often take many months and sometimes years to come about..

 

[Miner]

Lower lows are never a good sign, i only ever buy a bottom by accident, the fundamental's are very solid and the 50% fall just has to be a little over done, my trades often take many months and sometimes years to come about..

With a good report, PPS slumped today. Does it confirm the above analysis ? DNH. Fat Prophets advise PPS a buy.
What the posters saying

 

[So_Cynical]

PPS sells a SMSF software platform, Labors franking credits policy is a negative for self managed funds going forward. peak SMSF may have passed.

 

[Miner]

PPS sells a SMSF software platform, Labors franking credits policy is a negative for self managed funds going forward. peak SMSF may have passed.

Thanks SC. No flattering, but you always have a far sight analysis on stocks which is very encouraging to learn.
I was short sighted on PPS even knowing about their platform but did not factor the franking credit effect with labour coming.

 

[So_Cynical]

Thanks SC. No flattering, but you always have a far sight analysis on stocks which is very encouraging to learn.
I was short sighted on PPS even knowing about their platform but did not factor the franking credit effect with labour coming.

It took me a while to put 2 and 2 together, OVH, PPS and NWL all suffering from the BRC uncertainty and the franking credits policy of Labor, not the end of the world for any of them but certainly the glory days of fantastic growth have passed, least in the short term.

 

[Miner]

ANZ deserted PPS and joined hands with net wealth
https://www.asx.com.au/asxpdf/20190408/pdf/4444ngj85qc5xw.pdf
The market lost its patience after the financial report was poor. The share price dived down to 12 months low 43.5 cents only to recover a few cents at the close of market. Did a small trade - buy and sell with small change. Then the end of the day committed a small parcel at 47 cents. Did not jump at 43.5 cents which one director did. In spite of the ANZ switch, the CEO provided good news which hopefully the market will realise tomorrow. What the chartists say ??
https://www.asx.com.au/asx/share-price-research/company/PPS

 

[Miner]

ANZ deserted PPS and joined hands with net wealth
https://www.asx.com.au/asxpdf/20190408/pdf/4444ngj85qc5xw.pdf
The market lost its patience after the financial report was poor. The share price dived down to 12 months low 43.5 cents only to recover a few cents at the close of market. Did a small trade - buy and sell with small change. Then the end of the day committed a small parcel at 47 cents. Did not jump at 43.5 cents which one director did. In spite of the ANZ switch, the CEO provided good news which hopefully the market will realise tomorrow. What the chartists say ??
https://www.asx.com.au/asx/share-price-research/company/PPS

Good morning !
I thought have been a strategic to buy PPS at 47 cents and was glad to see positive reviews from Fat Prophets and Shaw this morning to retain their buy ratings and recommending to buy until market opens. The PPS sunk further today .
I understand Shaw has a conflict of interest and so FP (because they are a bit arrogant to accept if their previous recommendation was incorrect as well as they have also conflict of interest having invested on PPS through their investment fund).
What the chartists and more knowledgeable colleagues on this forum would say on the strength or weakness of this stock ? I should have stuck to @So_Cynical 's posting back in February this year and not jumped into herd of sheep.

 

[Miner]

https://www.asx.com.au/asxpdf/20190423/pdf/444gtw2yyf5yyl.pdf
After some drought, today's announcement poured some drops in the market

 

[peter2]

Are we there yet? Is the bottom in? No opinion. The down trend is solid. PPS has been out of favour since Oct18, when the market dipped, but PPS didn't recover with the market. The recent loss of a big client (8% of revenue) client wasn't good either.

Like so many other companies, the business updates are glowing but there's no mention of the money.
There's nothing positive in the chart for me.

 

[Miner]

Are we there yet? Is the bottom in? No opinion. The downtrend is solid. PPS has been out of favour since Oct18 when the market dipped, but PPS didn't recover with the market. The recent loss of a big client (8% of revenue) client wasn't good either.

Like so many other companies, the business updates are glowing but there's no mention of the money.
There's nothing positive in the chart for me.

Good points Pete @peter2 and you could be right.
I, however, have read the quarterly update https://www.asx.com.au/asxpdf/20190423/pdf/444gtw2yyf5yyl.pdf differently. In addition, some of the directors have been regularly investing on the company's share is always a good sign for me even if the lot of shares is often 50,000 which is not a big dollar.

https://www.asx.com.au/asxpdf/20190424/pdf/444jf8dtjxwhc1.pdf
https://www.asx.com.au/asxpdf/20190423/pdf/444h5cmrhhrtcq.pdf
https://www.asx.com.au/asxpdf/20190410/pdf/4446g6bmdkt7l8.pdf
https://www.asx.com.au/asxpdf/20190408/pdf/4444gj01l04q3y.pdf
https://www.asx.com.au/asxpdf/20190215/pdf/442nfplf7vyv79.pdf
https://www.asx.com.au/asxpdf/20190214/pdf/442mhbx5sc32g7.pdf

 

[peter2]

I also like to see company directors have a lot of "skin in the game". It aligns their aims with their shareholders. This is not enough for me as these directors have a much longer term view for their business. I don't like holding on while prices fall significantly.

If these directors are right then the business should improve in the future. If the business does improve their bankers will notice, corporate analysts will notice and large investors will start buying. I will wait to see this renewed demand in the charts. I won't buy at the bottom, but I'll buy when prices are moving higher.

If these directors fail to turn the business around I'll not lose money nor waste my time.

 

[Trav.]

Well PPS is recovering nicely. bottomed out in early June @ $0.32 and looking pretty good now at $0.54. Definitely on the watch list and will look at entry this week.