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30-04-2015, 01:46 PM
#6081
Originally Posted by Harvey Specter
Yes. This:
Must be so frustrating for them when a lot of people and even the ASX just don't get it
You sense he grumpiness in the announcement
Believe the story
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30-04-2015, 03:51 PM
#6082
Originally Posted by Daytr
XRO is only creating value if it starts turning substantial profits.
I'm sorry I can't buy into any company that has no plan or time frame to turn a profit.
This is not Facebook, its a software provider that charges end users.
And that's not to say that it won't happen however I'm not going to jus sit & watch a guy spend up large with no time frames around making money especially when they have now been a round a while.
What a salesman this guy is. No accountability! Just trust me to keep lose money until one day we perhaps aren't.
Now there's a plan!
Good post.
Originally Posted by winner69
XRO's arrogance is breath-taking.
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30-04-2015, 04:29 PM
#6083
Good old XRO... Always good for a bit of how do you do trading
'I often quote myself. It adds spice to my conversation.' - G B Shaw
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30-04-2015, 05:43 PM
#6084
Originally Posted by Everwood
If Xero did manage to get 3-4 million customers by 2020, what would be your estimated range for the share price?
Probably worth about $15 to $22 but too many variables to really do any sums re profit (if any) or things like that. Can only punt on revenues eh.
It will still be a believe the story scenario ....unless Rod has executed his exit plan
Last edited by winner69; 30-04-2015 at 07:13 PM.
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30-04-2015, 06:17 PM
#6085
Originally Posted by NewGuy
Exasperating, even.
I'd like to think ASX would wheel out some sanctions for their flagrant disregard for the long established rules.
I don't care if Rod thinks he's reinvented double entry accounting from 500 years ago or if he thinks he's the next Messiah of the investment world. Flagrant contempt for established listing rules needs to be forcefully condemmed. Suspending XRO's listing while a full investigation is undertaken would teach him a very much needed lesson. This guy appears to exist in his own fantasy world where long established market rules don't apply. The nerve of this guy to think he can re-invent listing rules that have served the market well for many decades.
I see the SP of XRO is down again...not impressed with Rod's gross arrogance, Gee there's a surprise !!, (NOT). It'll be back to $15 before Christmas, you read it here first.
Last edited by Beagle; 30-04-2015 at 06:31 PM.
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30-04-2015, 06:53 PM
#6086
Wellingtonians interested in a peek over the fence might like to attend this: http://iitp.nz/events/wellington/112...nd_Cloud_world
"For MYOB, which employs more than 1100 staff in New Zealand and Australia, the change required was huge; and was as much cultural as technical. With the transition now complete and the investment paying off (the majority of new registrations are cloud based), Simon will reflect on the transition: what worked, what didn't, and some of the lessons learnt along the way."
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30-04-2015, 07:11 PM
#6087
Originally Posted by Roger
.............not impressed with Rod's gross arrogance, Gee there's a surprise !!, (NOT). It'll be back to $15 before Christmas, you read it here first.
Their ASX reply maybe construed as bordering on arrogance but since I had the opportunity of working with Rod Drury before, arrogant is definitely not the word you'll use to describe him.
And by Christmas I hope the sp is back to very high 20's once again. Just my gut feel of course.
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30-04-2015, 07:15 PM
#6088
Ha ha Roger ......by Xero definition of 'reasonable person' you are NOT a reasonable person
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30-04-2015, 08:01 PM
#6089
Originally Posted by winner69
Ha ha Roger ......by Xero definition of 'reasonable person' you are NOT a reasonable person
Ha... how unreasonable of me to think its unreasonable for a company to make up whatever convenience interpretation of the rules they think is reasonable at their whim...AKA make up the rules as they go along. Traditional metrics don't apply to us, we're special...YEAH RIGHT...there's some nutter leader at Gloriavale sect that thinks he's special and normal rules of child molestation don't apply in his community... someone had me another Tui.
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30-04-2015, 08:46 PM
#6090
Member
Originally Posted by Baa_Baa
JameSt, what makes your's a startling viewpoint, that you think it is "much less risky", is that XRO have basically quadrupled down on their successes, without realising any of the previous three wins for shareholders, expect in capital gains, which they have no control over, and aren't worth tuppence if the shares aren't sold.
Sorry to startle you but I respectfully disagree. I am seeing massive value creation being realised for shareholders.
The numbers are quite clear. They are making more money out of each customer over time than it costs to acquire them.
The P&L shows only up a loss because they can't recognise future revenue.
I certainly don't want dividends! Far from it.
If they could get access to cheap cash then I would expect them to get it and make even bigger short term losses. The main caveat to this is that they can't hire too fast and destroy the company culture and they can't risk getting too low on cash reserves.
Yes - This is risky. Future revenue may never eventuate if they lose their customers. But I use the product and have used the competitors - so I am confident on this front.
To me it is not even close to the risk of investing at IPO when they had no customers.
Originally Posted by Baa_Baa
Boot 4 (reboot)(reboot) -
This is how you run a good business. Respond quickly when something doesn't work. The sustained revenue growth is a testament to how well run it is. You'd be hard pressed to find many examples of other companies (In any industry) with such prolonged revenue and customer growth.
Originally Posted by Baa_Baa
FY15 Oops. 100% growth on f'all is still f'all. Crap.
f'all? 35,000 customers so soon after market entry isn't f'all in my books. They have got to 35000 customers much faster than they did in NZ, AU and UK. Good growth comes from word of mouth more than google ads. I was an early customer of Xero in NZ. I waxed lyrical to friends who owned businesses about it at BBQ's. 35,000 people in the US will wax lyrical about Xero at BBQ's. It will soon become 64000 businesses. I have no doubt.
In my eyes Xero is much less risky than at IPO.
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