Oh my lord....Breakout of a two year base, page-4

The great thing about PPH is it's made a clear transition from being a somewhat risky loss making SaaS company to a new heavily profit making enterprise. The forecast is extremely aggressive EBITDAF guidance which I don't think they'll have trouble making considering it seems they'll have extra revenue squeeze from the CCB customers which have not yet been realised.

I am extremely bullish on PPH atleast through FY21, as we still have a strong tailwind with acquisition related growth which is arguably also organic in the sense that CCB and PPH integrated in April 2020, and we essentially have a monster market share of a business in the religious space.

Tithing will also likely become completely electronic with coronovirus discouraging the use of coins and cash.