Are you all bullish on Xero again? thanks
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Are you all bullish on Xero again? thanks
Hey Snoopy any naieve reader who buys Xro at current prices could do a lot worse for themselves IMO. Priced to perfection now that's a phrase mentioned a lot over at the Ryman thread meanwhile both companies share prices will grind their way higher going forward unless you believe morningstar (Tui salesmen) If you believe Xro can do well in the States then as Karen Carpenter sung Its only just begun and the current share price will be chickenfeed a few years from now ( Remember they don't have to dethrone Intuit to reach their goal just take a portion of their market share)
Yeah a body plumber and all hard earned money you either believe the story or you don't I do so, I could sell up now for a 20k loss and take the balance elsewhere but I choose not to, quite simple really no quality analysis needed as we all know Xro are a quality company with a quality product doing the business:cool:
I think its clear the market has "tech fatigue", with the general trend world-wide to fundamental value stocks trading on reasonable multiples of current earnings. The flood of companies coming to the market with little or no earnings doesn't help the supply-demand equilibrium either. A few months back that $100m annualised turnover announcement would have moved the needle a few dollars, now it barely rated a wimper. People wanting the stock to recover to $40+ are in for a very, very long wait if its ever achieved, in my opinion.
Good post mate but as we know a year is a long time in the life of an emotion driven stock market the Americans are a changeable lot so tech could be flavor of the month again within that time frame but if Xro's price never exceeds $40 again I think the company would be deemed a failure:cool:
$100 million annualised income made the headlines, but I note Aus new customers is up to 3000 per week, and UK up to 1000 a week. Pretty healthy growth rate even if it stays static for the year, while faster growth seems likely. I have no complaints about the path to achieve what they are promising. Tech fatigue or not, the figures seemed destined to make their own story. Just requires a little patience.
I'm convinced that at around the end of 2017 when they hit 1 billion revenue and costs have stabilized at around 300m a year, and growth while slower in percentage terms still is pumping, we'll think $40 a share looks rather cheap, unless of course they have done a 10 to 1 split. Holding this one depends in whether you believe in the story or not. Traders have won big and lost big on XRO. Long terms holders have done fantastically well, and I believe will continue to do so. I also think the next 12-18 months could be a bit slow for traders of XRO. Probably going nowhere until sentiment changes and until perhaps the 2015 mid year report (Nov 2015) gives an indication of when they'll hit 500m.
Down to a SP of $28.11. Market depth seems to be very low both in bid and ask, with the the ask being almost double the bid. Looks like an awesome entry opportunity to to be honest
Seems to be a few NZ stocks down today. I wonder if the the high NZ dollar is seen as a good time to exit by offshore investors.
Possibly, but tiny volumes? Seems like a slow bleed from small time investors buying into the story that its overpriced and may not rise again for a bit. And remember there are a lot of small investors who bought in at single figures not too long ago: a strength while the sentiment was good, but a liability now it has turned somewhat. Bigger investors would be happy to see the price drop a bit more just to see where it turns before entering or topping up.