Certainly sharemarket action today. Looking like sp might hit AUD60.
Printable View
Certainly sharemarket action today. Looking like sp might hit AUD60.
Not bad for a company bleeding $27m a year. I think I have been doing it wrong all these years!
Great result for Xero, congrats to all holders!
This guy has a valuation of $28 for XRO
https://www.morningstar.com.au/stock...trong%20result
Xero may well be overvalued, for sure, but the many losses so far need to be seen in Xero's strategic context. Which has been growth first, profits later.
Xero SP hitting new records most days atm.
Xero in the US - Fisher Funds view.
Xero’s subscriber growth in the year ended March in the US was 48 percent while overall group growth was 31 percent.
“The cloud accounting software market is huge and is very under-penetrated. We think cloud accounting penetration in that market is less than 15 percent which compares to around 50 percent penetration in NZ,” Dickie says.
http://www.scoop.co.nz/stories/BU190...sher-funds.htm
XRO is knocking on the door of the ASX50, market cap wise. That would increase demand.
Go on. Go higher even more and time to realize the dream :t_up:
XRO on a bit of a tear - fantastic to see it hit high today over $68.
So how's this for a lost opportunity - Xero had a capital raising offer in 2014 i think - maximum subscription was $15,000 @ about $2.00 per share from memory, so 7,400 shares (which i bought based on Rod's and others recommendation). Share price climbed to $45 per share = $330,000, then tanked within 4 days to $15 share. If one had sold at $45 per share then reinvested the proceeds at $15 per share = 22,000 shares which at todays price $68 = $1,496,000!!! How to turn $15,000 into $1.5m in 5 years. At the time they tanked, I remember Rod saying to just keep them in your bottom draw for 5 years.
I panicked and offloaded most of the shares for about $18. Still a profit however I (try not to) think about what could have been, on a daily basis :(
I sleep well, knowing that I've never held Xero so have never regretted selling them early.
Ggrrr!
:mad ;:
SP heading for $AUD70. Still a long way behind Intuit and Sage.
Nice result from Xero. Past the 2 mill customers mark, and according to Stuff today "Xero eeks out small profit". Did they think it is still Halloween?