Oops, you are right Winner. I had revenue for 2017 in NZ$ and revenue for 2018 in US$
So slowdown in growth not so severe, reducing from over 200% 2016-2017 to close to 100% 2017-2018.
Do you think the market is also looking to the future and pricing future revenue as well, a bit like it does for Xero?
Yes, for sure. Lot of growth is factored into at current price levels. Will be interesting to watch what the numbers would look like on Wed 11th.
I'm sure Ord Minnet would've done their homework thoroughly when they had the target price of A$2.69 (I think) recently in their research report which is about NZ$2.95 at current cross rate (thanks for weakening NZD due to political uncertainty).
If quarterly update is anything what market is expecting then boom it could surge past $3 mark without much effort.
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