Xro - xero

[robbo24]

Yes, I am encouarging him to put the money in a company whose growth prospects are beyond any reasonable doubt. Xero, conversely, is more likely to fail than succeed at this point (IMH0).

Thus, one is a recommendation that is 99% safe, and the other closer to 10%.

totally different, but nice try mate.

I didn't realise you were an Authorised Financial Adviser. Please post your disclosure statement.

Section 10 When person gives financial advice

(1) A person (A) gives financial advice if A makes a recommendation or gives an opinion in relation to acquiring or disposing of (including refraining from acquiring or disposing of) a financial product.

(2) Whether or not advice is financial advice for the purposes of this Act is not affected by how the advice is given or communicated.

(3) However, a person does not give financial advice for the purposes of this Act merely by—
(a) providing information (for example, the cost or terms and conditions of a financial product); or
(b) making a recommendation or giving an opinion relating to a class of financial products; or
(c) making a recommendation or giving an opinion about the procedure for acquiring or disposing of a financial product; or
(d) transmitting the financial advice of another person (unless A gives A’s own financial advice in doing so or holds out the transmitted financial advice as A’s own financial advice); or
(e) recommending that a person consult a financial adviser.

[robbo24]

Don't try to get all lawyer-y smart with me. I've survived hours of cross exam by people far smarter than you, and this is just boring.

It's too late, I already did and you lost.

[warthog]

yeah, amazing. I can see why you are so successful and spend an inordinate amount of your life on here spouting absolute rubbish. Most successful lawyers I know are far too busy for that. Shame.

Bye

Why the tantrum? Seemed a fair question.

If you are recommending investments then you should do so in a way consistent with the relevant legislation.

Note that people sensitive to such obligations, "successful lawyers" included, go to minimal lengths to make it clear that they are NOT providing advice or recommending investments, and ask that others do their own research, etc.

[winner69]

Moosie

@roddrury
As a leader it's important to set the right example and dress appropriately at all times

[axe]

Moosie

@roddrury
As a leader it's important to set the right example and dress appropriately at all times

OMG that jumper has caused a 4% lift in the SP so far today.

[LAC]

OMG that jumper has caused a 4% lift in the SP so far today.

Hahahaha that's just sad

[blackcap]

Rod is not giving a subtle hint that XRO are going to take over Canada is he?

[artemis]

Maybe he's trying to attract Moosie onto his team.

[Snoopy]

If you are recommending investments then you should do so in a way consistent with the relevant legislation.

Note that people sensitive to such obligations, "successful lawyers" included, go to minimal lengths to make it clear that they are NOT providing advice or recommending investments, and ask that others do their own research, etc.

One might argue that the value of any investment is equal to the discounted sum of future cashflows. Since Xero has no positive cashflows, nor any plans to have any, there is a legitimate argument that Xero is not an investment at all. So maybe to be fair, this thread should be moved from the 'NZX' to the 'Off market' section of the forum?

SNOOPY

[winner69]

One might argue that the value of any investment is equal to the discounted sum of future cashflows. Since Xero has no positive cashflows, nor any plans to have any, there is a legitimate argument that Xero is not an investment at all. So maybe to be fair, this thread should be moved from the 'NZX' to the 'Off market' section of the forum?

SNOOPY

Snoops - you need to get up to speed with modern financial thinking

These days DCFs are calculated on 10 (or 15) year cash flows plus a Terminal Value = 50% of GD where GD is the value attributed for gaining domination globally assuming no more investment needed (GD is usually a very big number)

On that basis XRO, even with 10 to 15 years of negative cash flows, is valued at $50-$60

(Note - the more sophisticate practioners do apply a discount of say 20% to allow for the possible / likely entry of a new disruptive technology that would make XRO irrelevant)