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Thread: Xro - xero

  1. #7201
    Senior Member Toasty's Avatar
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    Xero crossing through $54 on not a lot of news. Keen to see the May 16 results to see if there is anything substantial driving it.

  2. #7202
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    Too bad I sold out over a month ago. Missed out on an extra $25k paper profit.

  3. #7203
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    Moving across to the ASX was the right move for XRO. I doubt the price and volumes would be anywhere near on the NZX.

  4. #7204
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  5. #7205
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    Quote Originally Posted by artemis View Post
    Moving across to the ASX was the right move for XRO. I doubt the price and volumes would be anywhere near on the NZX.
    That’s true. The hollow out of the NZ share market continues. NZ households have smaller pension funds and few share investments - they tend to chase leveraged untaxed capital gains from investment in residential rental properties.

    So, many of our companies have headed across the ditch. With no appetite for NZ tax reform, I think that will continue. How much longer before the NZ share market closes and The ASX takes on all NZ based companies?

  6. #7206
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    Xero results out and looking pretty good I thought. Good to see the progress in the UK and while the US is slow they are growing at good percentages and seem to be gaining momentum. And we appear to be in profit. Looking forward to share market action today.

    https://www.xero.com/content/dam/xer...ation-fy19.pdf

  7. #7207
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    Certainly sharemarket action today. Looking like sp might hit AUD60.

  8. #7208
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    Quote Originally Posted by artemis View Post
    Certainly sharemarket action today. Looking like sp might hit AUD60.
    And $60 has been reached. Interesting day. Market certainly likes the results. The same sort of acquisition numbers over the next financial year and we are well into the 2.2 million plus subscriber range.

  9. #7209
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    Not bad for a company bleeding $27m a year. I think I have been doing it wrong all these years!
    “Better three hours too soon than a minute too late.”
    ― William Shakespeare

  10. #7210
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    Great result for Xero, congrats to all holders!

  11. #7211
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    This guy has a valuation of $28 for XRO

    https://www.morningstar.com.au/stock...trong%20result
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  12. #7212
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    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.

  13. #7213
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    Xero SP hitting new records most days atm.

  14. #7214
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    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

  15. #7215
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    XRO is knocking on the door of the ASX50, market cap wise. That would increase demand.

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