Interesting. Thanks and good work, Tumeric. Yes, in their Big 1mill goal, overall the market share they are looking at getting in USA/RoW is conservative, as is most the other regions. Is an intriguing ride.
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$16.21 this morning. A new record?
In a way the fact that DIL, PEB, ATM, SNK, SLI have not performed that well and XRO has is a good sign. It would be strange if all these stocks rose sharply (would make me think it was a bubble). But what Tumeric is saying makes sense. The reason XRO stands out is that it probably does have the right mix of management, innovation, perserverance etc to be a good stock.
That said, still think that this is a ridiculously highly priced stock at present and would not touch with anything. Time will tell who was right and who was wrong. Prepared to eat my hat if need be.
There is a very positive article on Rod Drury in the latest issue of the Listener which came out over the weekend.
Back on the XRO train...
Offloaded half my holding on Friday and I must admit it's frustrating to see a pop like this. We all know XRO can be irrational long after you can remain solvent ;). Can't discount buying in again though.
Interesting to see how much it has decoupled from a very high correlation with DIL over the last 2 months as well.
I sold a small amount of my shares in Xero today for $16.28 and used that money to buy more shares in Diligent for $6.97
AGM is on 1 July. I believe that there is usually another boost after this particularly if they do announce another milestone or development. I would be hoping to see a customer number in excess of 200,000. They usually announce the numbers current to the day of the AGM.
I have been speaking to a lot of accountants and bookkeepers lately and the impression is that Xero is streets ahead in terms of usability than any of its competitors.