Xro - xero

[klid]

Damn. Should have picked up a few at $15. Looks like the panic is over, its all upside from here, it'll be different this time, we have reached the bottom of the trough, its a turning point....and so on

What makes you think it's all upside? They didn't suddenly start cracking the US did they? Perhaps the share price simply dropped a little more than it should have due to some entities suddenly being able to sell some of their shares, and then corrected to what it should have been. That's my guess. I'm certainly not suddenly bullish.

How is the synchronised swimming going with XRO and PEB? Who has the best chance of doubling now?

I like the 3 month chart, PEB up 32% and XRO down 32%.

[blackcap]

What makes you think it's all upside? They didn't suddenly start cracking the US did they? Perhaps the share price simply dropped a little more than it should have due to some entities suddenly being able to sell some of their shares, and then corrected to what it should have been. That's my guess. I'm certainly not suddenly bullish.


I like the 3 month chart, PEB up 32% and XRO down 32%.

Exactly, it still went down on what was otherwise a bullish day on the NZ market. If I was holding I would be worried. And if looking to buy would wait before this seemingly infinite downtrend was reversed. As a good colleague once said "picking bottoms is dirty business".

[Toasty]

What makes you think it's all upside? They didn't suddenly start cracking the US did they? Perhaps the share price simply dropped a little more than it should have due to some entities suddenly being able to sell some of their shares, and then corrected to what it should have been. That's my guess. I'm certainly not suddenly bullish.

Sorry I may not have turned my sarcastic cliché setting up high enough. It sounded better in my head maybe.

[Schrodinger]

New Zealand and Australian-listed accounting software provider Xero has been working with investment banks as it prepares for an expected $500 million to $1 billion initial public offering in the United States.
It is understood Xero has been working with Morgan Stanley’s global team, which is a specialist in floating online and digital-based businesses, in recent weeks, and has also had talks with rival bank Credit Suisse.
Xero flagged the US listing at its annual general meeting in July, and said it would make sense to list in 2015 when its revenue passed through the all-important $US100 million ($114 million) a year mark.
The $2 billion software company is currently building out its US sales team and is on the lookout for a head of North America following a leadership change in September. A float is understood to be targeted towards the end of the 2015 calendar year.At Xero’s AGM in July, chief executive Rod Drury said the company forecast 80 per cent subscription revenue growth in 2015. He told investors the company was “considering if we can work with bankers and do all of that stuff”.
Xero’s planned listing comes as Bain Capital prepares its Australian and New Zealand accounting software business, MYOB, for sale.
Bain is taking sale pitches from local investment bankers this week, for a deal which could happen in the first half of the 2015 calendar year.
It is understood Bain has asked Deutsche Bank, Morgan Stanley, Macquarie Capital, Citi, Goldman Sachs, UBS and Bank of America Merrill Lynch to pitch.

Getting ready to play with the big boys now. Looking forward to this.

[longy]

"Xero lines up banks for United States listing..." this came from F/review

IMO given what Rod has been saying and he seems to not bother by SP falling... It would be more attractive to investors or new investors where SP is low when they do the IPO in states, I would think.

[Schrodinger]

Part of their marketing strategy to provide more exposure for accountants with a direct interest in the business and free press from CNBC etc which is priceless.

[mikeybycrikey]

"Xero lines up banks for United States listing..." this came from F/review

Considering there i absolutely no new information in the article, this is feeling a little like a pump and dump to me. Someone trying to get a little bit of a SP bounce before exiting.

[Harvey Specter]

"Xero lines up banks for United States listing..." this came from F/review

IMO given what Rod has been saying and he seems to not bother by SP falling... It would be more attractive to investors or new investors where SP is low when they do the IPO in states, I would think.

But much more dilution for existing shareholders. Theil wont be happy if it isn't an upround.

[arc]

The Technical/charting side of this one is not attractive to me at the moment. The fundamentals are also proving hard to get a good grasp on. The Saas aspect is making the company a slippery customer to effectively and reliably value.

Im tempted at the present level... but the bump from yesterdays opening followed by an acceleration/rise curve is more indicative of a careful backoff after volume selling... which might indicate there is more selling yet to come.??...or not?

All I can say at the moment is I recommend patience... and lots of it.

[bull....]

bounce from short term oversold