Pushpay Holdings (PHPYF)

(A Top Pick Apr 26/21, Down 26%) Company negatively affected with Covid-19. Recent acquisition was over priced and not a good strategy. Company not allocating capital well. Has since sold position.

Price target in Australian dollars A software company in the non-profit charity: donor software, church management to serve mostly churches. Free cash flow yield of 4%, which doubled last year growth. They raised guidance three times in the pasty year and expects free cash to double in 2021. Huge runway for growth. Trades on the Australian or New Zealander exchange. (Analysts’ price target is $2.12)