Pushpay says it has nothing to disclose, considers shares undervalued after 27% decline

Wed, 14 Dec 2016

By Sophie Boot Dec. 15 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, says it has nothing material to tell the market after its share price dropped 27 percent this month, triggering a price enquiry from the NZX. NZX sent the 'please explain' note after the shares dropped from $1.78 on Nov. 30 to $1.30 at 3:50pm yesterday. The shares closed at $1.29 yesterday, and are down 26 percent this year. "We are not aware of any material matters relating to company performance that would explain Pushpay’s recent share price...

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