Xro - xero

[CJ]

Why did Drury make an announcement about how unconcerned Xero is about 'industry consolidation'?
To discourage shareholders from selling?

There's no surer way of sounding worried than making such an announcement.
And if he's worried, maybe it's a good time to sell.

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.

[blah]

Why did Drury make an announcement about how unconcerned Xero is about 'industry consolidation'?
To discourage shareholders from selling?

There's no surer way of sounding worried than making such an announcement.
And if he's worried, maybe it's a good time to sell.

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.

[Toasty]

Why did Drury make an announcement about how unconcerned Xero is about 'industry consolidation'?
To discourage shareholders from selling?

There's no surer way of sounding worried than making such an announcement.
And if he's worried, maybe it's a good time to sell.

Also if he didn't make a comment then there would be the inevitable conclusions that they were actually worried and pretending that it wasn't important.

[Banksie]

Also if he didn't make a comment then there would be the inevitable conclusions that they were actually worried and pretending that it wasn't important.

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 .

[CJ]

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.

Agree. PR dressed up as a market announcement.

[Everwood]

Xero wins top prize at Hi-Tech Awards
http://www.3news.co.nz/Xero-wins-top...1/Default.aspx

[luigi]

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.

[Schrodinger]

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.

[blah]

and we can expect Xero to reach new highs, not next week but in two weeks time when the market digests the annual report?

[Toasty]

and we can expect Xero to reach new highs, not next week but in two weeks time when the market digests the annual report?

Might actually get a bit of a boost this morning. The first match price appears to be $13.98. Might claw back over $14. Not sure why this would spark any enthusiasm though. These results have been pretty well pubicised in advance of the official release.