i laughed at whoever put in a sell at $37 - surely a joke??!!
But seriously, this is getting crazy - I sold out half my holding last week at $8.50 - I'm tempted to sell the rest now at nearly $10 and be exceptionally happy with the amazing profit. I can always buy back in next week if it does a big correction....
I agree a correction will eventually happen, but I have no intention of selling any of my shares right now. I intend to hold on to my shares for at least another 2 to 4 years, even though I now have 818.53% return on my investment.
But no amount of financial modeling, or analysis of industry trends so far, can tell us whether Rod Drury and co - smart cookies that they are - will succeed in reaching a tipping point in the US as they schmooze their way around industry events and accountant conferences, partner up and otherwise finagle into the North American market. Or whether incuments will get their finally act together, or insurgents suddenly appear over the horizon.
So a $9.50 price concludes that on the averege P/E for stable global tech companies of 15 - 25 that XRO will at some point in the "near" future be generating 45m - 74m in profit, which at a forcast margins of 25% is 180m -300m in revenue...
Still a long way to go for the fundamentals to catch up with the price action.
Nothing quite like momentum trading to take your paper profits higher. Until it doesn't...........
Is anyone here using Xero? Am thinking of signing up for the new financial year.
Yes. I moved my Brothers company to it so I could help out from 300km away.
Easy to use. bank feeds work great. Different to MYOB so there is a transition period as you get use to it. They took a little while to get use to it and mentioned a few extra clicks needed sometime though they have improved that. Would recommend as it is very intuitive to use.
Is anyone here using Xero? Am thinking of signing up for the new financial year.
I have two companies on it plus I work at an Accounting firm who moved to it wholesale. Nothing wrong with MYOB but I could never get my head around it. I'm going to sound like an advertisement for Xero but I actually look forward to having transactions to reconcile even if its outgoing. Something about pushing that little OK button. Its also cool being able to see the clients unfolding situation in real time.
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