Ann: Pushpay update on expressions of interest process, page-3

The anemic growth over the last year indicates to me that perhaps Molly Mathews may not be the right person to aggresively grow this business; having said that, previous management had a big enough TAM so did not need to look too far and the landscape has changed so perhaps that assesment on Molly is unfair, but have to say happy to see a buyout option rather than a slow grind which seems to have been on the cards prior to this.

At this price seems like a steal, and you would have to hope for at least 50% premium on this price - best case is a bidding war given the mention of multiple parties (well at least 1 more than the consotium of BGH/Sixth Street) although the mentioned parties already have a 20% stake so could make it challenging for others to step in.

I do wonder about the trading halt....surely after this release they should let it trade and we should see a decent 10-20% increase in price, and then let the bidders scabble from there