https://www.digitaltrends.com/busine...,134TSN,6ILO,1
This may be of interest to some.
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https://www.digitaltrends.com/busine...,134TSN,6ILO,1
This may be of interest to some.
Up like 30% in a month.
Apparently Red Bull gives you wings...
XRO. gives you flight... :lol: :t_up:
$140M traded & up 12% - on no news.... seems a bit strange. leaked results maybe?
Just cracked $A130 !!
A surge in Xero shares pushed the ASX technology sector up 2.9% despite the Nasdaq falling 1.4% overnight.
Xero included in MSCI index shares are up 11.4 per cent to a record high of $128.12 this morning, with enormous trading volumes.
The company has not released any news but has been added to the latest MSCI Global Standard Indexes.
This means fund managers following that index have to include Xero by 30 November, hence the rush to buy. Xero is the only Australian company to be included in this quarterly re-shuffle. There were no Australian deletions.
- From SMH markets live thread this afternoon.
Any ideas of why the 'halt'?
Speeding ticket?
No - They couldn't catch them. A$137 today. Live Long & Prosper
AUD$155 at the moment, incredible. Any other holders still here watching this?
I'm here and watching. The run up over the last few weeks has been quite incredible. I remember a prediction from an analyst a few years ago suggesting $700. Doesn't seem quite as unlikely now.
Trying not to get too caught up in the "stonks never go down" mentality.
Interesting to compare share prices Xero [147AU] with Intuit [365US] and Sage [582UK].
Market cap Xero [21B AU] with Intuit [96B US] and Sage [6B UK]
Employees Xero [3220] with Intuit [10600] and Sage [11647]
I used Google Finance to compare, the charts go back more than 5 years and are quite fascinating. Xero behaving very differently to Sage which has flatlined for years and may indicate where Xero SP is heading. Spot the difference in employee numbers.
Market not liking the Planday acquisition as announced today. It's positive thing for me as almost half of the acquisition will be paid in XRO stocks.
And though I already got heaps of it, another 3 bucks down and I'll be thinking of getting some more again.
What's there not to like about the announcement?
Could be wrong given the paucity of information provided in the announcement and conference call...
But they appear to have paid the thick end of $1m per user for a 17 yr old (growth) company with modest revenues.....with integration and product development costs to follow.
Cash has a value of next to nil currently...issuing shares that are rapidly declining from $155 to $113 is problematic for existing holders..
GLTA