Xro - xero

[brend]

Yes - I remember the stupidity of the individual tax year ending a few days into April but assume companies didn't use the same?

Not sure with companies. Only remember that odd date when completing a UK tax return.

[zijiji]

In the UK, personal tax (also covering sole-traders - i.e. non limited companies) end of year is 5th April (due to some weird change in the 1750s - not just before 6pm, but the year!). The government also works off this period.

For companies their year end is usually at the end of the month that the company was first registered. So if you registered a company on 6th December, it's end of year is 31st December the following year. Some companies choose their end of year to match the personal/government tax year.

Summarising, there is no definitive year-end, but a lot of sole-traders (i.e. non-limited companies) would change in April I would guess.

[Carpenterjoe]

Yes!!!! I thought that was just me! Mind you i'm not up to the play with which are the busy quarters, it could be that all accounting software drops off in this quarter and thrives in others. I hope so because I really like this product and want to see it succeed.

I have client numbers currently around 370k, although the lower price point in the USA could manipulate this figures (in a positive way).

I hope the 500k client mark is broken by financial years end and hopefully the client growth rate in two years will be nearer the 100k a quarter.

[Casino]

I have client numbers currently around 370k, although the lower price point in the USA could manipulate this figures (in a positive way).

I hope the 500k client mark is broken by financial years end and hopefully the client growth rate in two years will be nearer the 100k a quarter.

A week ago they had 334k after adding 50k in the last 4 months. Slide 6: https://www.nzx.com/files/attachments/197240.pdf

[Carpenterjoe]

A week ago they had 334k after adding 50k in the last 4 months. Slide 6: https://www.nzx.com/files/attachments/197240.pdf

Cheers mate, hadn't seen this. I might be a little ahead of myself.

But I much prefer to work off the quarterly numbers, than any of their presentations. It gives a reliable time frame to compare figures.

I use $250 as the average annual client revenue. I tweak this from each annual report.

[psychic]

Have not really been following XRO lately but interested to see that Bill Veghte and Chris Liddell bought 5000 shares each on market recently, even though they each have a pile of options. This would normally be seen as a confidence from within - but not mentioned here..?

[Hawkeye]

Yet the share price has gone down over $1.00 in the last 2 days, I wonder whats going on....

[tzbang]

xero SP just seems so random to me at the moment.. not that I'm much of a chartist but hard to make sense of it these days

[mikeybycrikey]

With all the SSH notices popping up and such, makes me wonder if Rod is looking at the SP more than he lets on and telling his Directors to buy up to instil confidence, or if it's just Directors taking initial positions?

My thoughts are to the latter.

I'm a little concerned by the efforts made by Xero to change the narrative lately. Instead of letting their sales do the talking, Rod is trying to respond to any sort of criticism of the company.

Remember him tearing apart this article from Stuff on the day of the AGM as if it was all lies: http://www.stuff.co.nz/business/indu...-in-Xero-fades. And how many times has he referred to one blog post from Intuit with "944 comments". He's talked about it so many times that I even remember the number of comments without having to look it up.

The number of customers announced at the AGM (334,000 on July 23) was a little behind what I might expected. Also, when Xero announced that they had reached $100M of annualised monthly revenue (16 June), they also announced vague (and to me slightly disappointing) numbers (>120k in AU and > 50k in UK). I might've expected one more significant digit there since there's a big difference between 50,001 and 59,999 users. These figures could mean anywhere between 60%-130% growth for Australia and 35%-223% growth for the UK. Plus there was no mention at all of the US. Does that mean it hadn't even got to 20k users in the US (65% growth)? I'm not even sure what the 18k US users from the annual report even means: is it rounded meaning it's anywhere from 17,500 to 18,499, or is it somewhere from 18,000 to 18,999?

I'm just getting a little worried that growth is slowing and maybe even the $24 share price isn't justified. To me the current SP is factoring in that the current growth will be maintained for about three or four years before tapering off. I'm starting to think that might not be a realistic expectation any more.

[bull....]

My crystal ball gazing chart says $20 in the next 2 weeks with 27 now resistance