Xro - xero

[Joshuatree]

That's dumb question, they cost him nothing except his seed money and tireless efforts as CEO and founder which have been recompensed somewhat by his salary. Rod is the founder of the company, founders don't have to buy their shares. And his remaining holdings are not worth over $600m at current SP, but they are worth a great deal.

Dont need to be offensive Baa but you find that easy?. So he has bought no shares on mkt not a good look in my book.

[Joshuatree]

Founders don't have to buy their shares. That's a new one.

Usually they have put money in before they go to the public to pay for the growth. They would keep a % of the company to reflect the time and the money they have already invested. So they have paid for their shares.

Thanks re him being the Founder.

[Toasty]

I would imagine that his Xero shares constitute around 70 to 80% of his wealth so if anything I would imagine he would sell more to spread his risk a little wider. He is the largest single shareholder so I don't think he has to send any signals to the market about his committment.

[Joshuatree]

Dropped from 20,719,779 to 17,719,777 this year. Shame leaving the NZX altogether imo. FPH for example saying true to their roots .

[mondograss]

It's a fine balance for a business founder I expect, too much ownership control and you stifle the company and don't let it mature, not enough and the investors think you lack confidence etc. Ian McCrae being a case where the founder has far too much control and is arguably hindering the company, the Robinsons of Rakon too. The Paykels have probably been a good example of how to do it right.

[arc]

Is there a "normal/strategic amount of shares a founder initially holds ?. 50% ?, 25% ?

[bull....]

looks like that technical pattern is playing out, bad bar yesterday

[Ggcc]

looks like that technical pattern is playing out, bad bar yesterday

of of course take into account that the New Zealand institutions need to offload so I expect prices to hit $26-$28 maybe even lower. Also Reuters classes this as an underperforming business. What do your charts say and what do you think will happen bull

[gbogo]

My chart says that if it stays below $30, target is $25. Hard to see it getting there before de-listing though.

[bull....]

My chart says that if it stays below $30, target is $25. Hard to see it getting there before de-listing though.

my chart has supports at 28 ,26 , 25

if they hadnt made there delisting announcement ( shows how negative announcement can change positive price action quickly ) i guess i wouldve been saying resistance at 35 , 40 , 45 it was shaping up as a very positive quarter of price action before.