Xro - xero

**goldfish** · 05-11-2013, 04:59 PM

Maybe worth trading again tomorrow, possibly a 5-7% rise. Hard to tell at mo. Ill be watching in the morning for possibilities if i can.

**Toasty** · 05-11-2013, 05:12 PM

What a day. Share market achievements - outstanding, success at work - not much.

**apac** · 05-11-2013, 05:35 PM

Originally Posted by goldfish

Maybe worth trading again tomorrow, possibly a 5-7% rise. Hard to tell at mo. Ill be watching in the morning for possibilities if i can.

Do it. I predict it will break $35 tomorrow, get close to $36 and pull back to around $35

**goldfish** · 05-11-2013, 05:56 PM

Originally Posted by turmeric

I think today was the day mate...

Maybe...but huge volume today and breaking through 30, dip at end followed by small rise, i think there will be spillover tomorrow with another 5-7% rise, then maybe a 2% drop before levelling out. If in morning depth looks good and it opens higher then it closed today, maybe wait 1% rise to confirm trend first, then im in again, if work doesnt get in the way that is.

**apac** · 05-11-2013, 06:08 PM

Originally Posted by goldfish

Maybe...but huge volume today and breaking through 30, dip at end followed by small rise, i think there will be spillover tomorrow with another 5-7% rise, then maybe a 2% drop before levelling out. If in morning depth looks good and it opens higher then it closed today, maybe wait 1% rise to confirm trend first, then im in again, if work doesnt get in the way that is.

Do you use DB? I find the trigger function on DB pretty useful. e.g. for GEO today, I see resistance at $3, so I set my trigger at $3.05, so I didn't need to wait till it reaches $3.05 and make an order.

**Lost in space** · 05-11-2013, 07:01 PM

Rod Drury cuddling up with Intuit boss Brad Smith today hmmmmm interesting...

http://www.nbr.co.nz/article/xero-cl...-cap-ck-147314

**Everwood** · 05-11-2013, 08:07 PM

Originally Posted by Lost in space

Rod Drury cuddling up with Intuit boss Brad Smith today hmmmmm interesting...

http://www.nbr.co.nz/article/xero-cl...-cap-ck-147314

It makes me wonder even more if Intuit will now buy Xero. I would have liked to been a fly on the wall when they chatted. I now have a return just over 3100%

**Everwood** · 05-11-2013, 08:27 PM

Originally Posted by turmeric

How big does XRO have to be for it to be too big for Intuit to buy though?? I had a very quick look at INTU, and the numbers I got are probably out of date but their market cap is about $20b USD and they have $1.6b cash. If they were to buy XRO tomorrow presumably they'd need to pay $50 NZD per share so is that realistic given their position? I don't know the answer….

I would be very happy with $50 per share. It would not surprise me if they try to offer $40 per share if they announced a takeover tomorrow morning. The longer they leave it the bigger the threat Xero will become. At $40 per share this would pay of my mortgage, and leave me a nice amount to invest elsewhere.

**andysh** · 05-11-2013, 08:55 PM

From being amazed by how much this has gone up, I thought it better be time to do some calcs on Xero, now from what I can see, it's going to be quite a few years (2018), even with 100% YoY growth to get close to this market cap.

All my calculations are here: https://docs.google.com/spreadsheet/...3c&usp=sharing Feel free to have a look and copy if you want. I'm not looking at buying as I just can't see it supporting the price at this stage. Also I am more than happy to grant people access to edit, just PM me your email address so I can allow you.

Thanks