Next one will be PPH....cap market for growing companies over OZ will be 3 or 4 times of NZ....good move Xero!!!
That'll be a shame if PPH follows the path of Xero.
The NZX management will have to take deep look inside themselves as to what needs to be done to prevent quality companies leaving NZX main board. If it continues we'll be left with serial underperformers......
That'll be a shame if PPH follows the path of Xero.
The NZX management will have to take deep look inside themselves as to what needs to be done to prevent quality companies leaving NZX main board. If it continues we'll be left with serial underperformers......
I'm a little disappointed by the SP reaction this morning. The half year result is good, not brilliant but good. Might be a few percent quick profit to be made prior to the ASX opening as I think the ASX will view the report more positively...Maybe
Is it time to think about merging the two exchanges again - if they will have us!
Some of the bigger NZ and not so big companies are dual listed
XRO now who will be next??
With the SP currently up 80% in the past 12 months and a little over 20% in the past 2 months, I think that the current pullback is to be expected.
The stand-out growth figures from the UK had already been released a few weeks back and I don't think that the subscriber numbers from any of their other markets are even close to matching out-performance of the UK growth. Personally I was expecting better growth from both AU and US markets.
Will be interesting to see what happens on the ASX today to see if it is just sour grapes about the NZX-delisting for the sell off or something more.
I think that the SP has got a little ahead of itself in the past few weeks and think that $30 is slightly more appropriate at the moment.
Also interesting to see Xero admit that they are pulling back on their US growth ambitions. In the Investor Briefing about the North American market, they say that they are "Moderating investment consistent with slower market adoption of cloud accounting"
Hmmm, could be a bumpy ride for the next few months.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Bookmarks