Half a pound of tuppenny rice, Half a pound of treacle. That’s the way the money goes. Pop! goes the weasel.
IMHO..
Printable View
Half a pound of tuppenny rice, Half a pound of treacle. That’s the way the money goes. Pop! goes the weasel.
IMHO..
" The world is moving to real time accounting. ".
No !!.. The World is waking up to the fact that Accounting is ripping them off..
I think this a buy recommendation ..... all NZers should enjoy the ride
http://www.nzherald.co.nz/business/n...ectid=11154463
OMG .... Bernard finally getting it .... his mate Andrew must be a good coach
Tumeriic-
Im not disagreeing with with your observation that This share has a great management team.But I feel thats where the comparison with Ryman stops.
.
RYM has a long track record and actual ''brick and mortar'' Assets.
XROs share price is reflecting the way people are perceiving this company.
Im just simply asking where the value stops and the hype begins(why has it doubled in 4 weeks)
IMO we are in a very speculative point of time in the share market.
Why not sell enough to free carry your shares?
All Im saying is when things get like this,its good to stand back and do some analysis.
Its the ''to some extent'' and ''one would have to imagine'' that Im questioning
You and alot of other holders are in an enviable position right now(beyond the expectations of the owner most likely)
Its where you go from here that counts
How many SME's are there out there who have moved to Xero (& their ongoing monthly fees - which is fine, if they perceive value) and who has experienced their Accountants' annual fees dropping to reflect the massive drop in their time to produce financial statements etc?
I understand why smokers laugh off health warnings. You die only once and then there is no real learning period. I totally get that. But you don't have to be old to have seen and been affected by how easily value can be wiped off the market. Good on the Herald for spurring this!
Bernard Hickey:'The capital raising announcement set out their ambition - to take on and beat US giant Intuit in the contest for 29 million customers. No New Zealand company has had a real shot at dominating a part of a global market before.'
beat US giant Intuit
Intuit owns the key US market. It has a market cap of ~20 billion. Xero is competitively placed to win a share of new and small businesses, not all businesses. Xero is currently valued at ~4 billion.
contest for 29 million customers
Xero says they are aiming for 1 million customers. The share price values the company as if they had already 2 million. Would people start using Big Macs as medication if McDonalds said they were healthy?
No New Zealand company
There are enough non-NZ competitors.
a real shot
It's just that, a shot, not a foregone conclusion. 16600 customers are the first 500m of a marathon.
a part of a global market
how much is this part of a global market worth?