Adding to CMo point, Rod loves to make comments about everything. However, if he makes comments in media/social media re Xero, arguably he should also inform the markets.
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Yes I was surprised that Xero made the announcement that it did today. Surely it must be unusual for a company to play down a competitor's acquisition in a stock-market announcement. That announcement is the sort of thing that you would expect Drury to comment on in newspaper reports - not in a market announcement. One then would question the motive of this announcement and the purpose it serves.
To me, it sounds like Xero is uncomfortable with MYOB's acquisition. It also felt the need to bring in some external comment - as if their word was not enough - from Paul Pettit and Ben Shaw.
disc - watching Xero for a long time, but don't own any.
Damned if you do and damned if you don't. Are we reading too much into this. I think he just saw it as an opportunity to get Xero's name in the press again.
[Edit] - and the share market release is to keep all the feed junkies happy. There are many out there that monitor feeds, news, market announcements, inbox, facebook, twitter, etc for messages, each morsel of information gives another dopamine hit to the brain's reward system.
[Edit][Edit] - I should have added forums to that list ;).
Xero wins top prize at Hi-Tech Awards
http://www.3news.co.nz/Xero-wins-top...1/Default.aspx
https://www.nzx.com/files/attachments/175673.pdf
Solid numbers in the annual report today. Year-on-year Australia and US/rest of world customer numbers tripling, UK doubling and solid growth continuing in the NZ market too.
Yep looks on track.
Australia looks exciting in terms of scaleability. US/UK is where the big game will take place and decide Xeros outcome.
and we can expect Xero to reach new highs, not next week but in two weeks time when the market digests the annual report?