I'm a customer. $50 a month is nothing when it gives you real time visibility on company position.
$50 is chicken feed for most companies. 1 hour's work from one junior employee. And it saves many hours each month.
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I admire your fortitude James!
But I would also advise you to diversify a bit as it sounds like you haven't already. At the very least, recover say your original investment (or double your original investment potentially), completely de-risking yourself and put the money in the bank. That way if the SP goes up hugely again you will still be involved, but if it drops and you are still confident, you can buy in again at a lower price for a lot more shares, or decide to do something else with your "de-risked" funds if it drops for a good reason.
I wanted to get in at $1 on its IPO but at the time didn't have the funds... woe is me! Ha haa, but I got in later at $2.40-$2.75 and was out between $5 and $8.50 quite happily for life and risk reasons :)
Say you bought 10k shares @ $1. If you sold 1k shares now you would have over 3 times your original investment which would be literally money in the bank, not money at risk. You could then still enjoy the upside of 9k of shares if the price got to $50 ($450k) knowing that you have made triple your money on your original investment and only missed out on $15k of paper profits. You could then take 25k of the 35k, and if you like the company and still are OK with risk, invest it in something like PEB, which could end up "doing a XRO". At current prices you could own 18k shares of another potentially high growth company while still having the 10k of your original XRO investment banked. That would be much more sound financially than having all your money tied up in one potentially huge, but potentially an overhyped bubble company. :) :)
I topped up with another 1000 today @ $35.10 confident itll be over $40 by xmas
Haven't been on this site lately but it is a bit like Hyde Park corner.If you like the Company you may know it may be a punt at times. If you don't believe then depart.In the early days accountants were negative but that seemed to be evolutionary and now the detractors can't concede defeat.Anyone may win but Thiel aside the world seems to find this attractive.If they give Intuit a run for their money only more money will flow their way.In the meantime enjoy the ride....
Been a lot of negativity on this forum lately. I think the price will hold up. There will be a lot of investors that have cashed up, retained their original investment and reinvested some of the profits back into XRO like me, so under no pressure to sell. However I will cash up again prior to xmas and wait and see how its going Jan/Feb before I buy again. My original investment is now in SML, RYM so I do see XRO as a bit risky. Also there will be other XRO investors who have held onto their stock and sitting on 200% + profits so they have a lot of margin in the share price to gamble with so wont be under pressure to sell. I reckon it will float around the $40 mark untill the next quarterly results published. XRO is a great product and its even better to use if you are dealing with a customer/supplier that has XRO also so there will be a lot of users "selling" this product to their customers/suppliers. Great for XRO
Xero will be changing their pricing structure from December 9th. Doesn't look like too much of a change to me but seems to be some dissenters on the blog article from Xero.
http://blog.xero.com/2013/11/new-sub...ns/#more-38786
The main problem seems to be that people think their clients are going to be bumped up into a higher category plan but I am not sure why this would be.
Also they have imposed a 1000 line reconciliation limit, invoices and bills. Seems like a lot and I can't see what the limit used to be if there was one.
Be interesting to see how the market interprets this.
Just noticed 70,000 go through at 3600 at 10.58am NZT SP
Currently 3599 ...
Except for the small plan (no change) there was no limit.
Edit: apparently 1000 was always a behind the scenes limit.
The main push back appears to be from Australia as if you use payroll, you are effectively pushed into the top plan from what I can see - previously they got the benefit of XRO purchasing a company and integrating it for free.
NZ businesses there are no real changes. Note that NZ has to use an external provider for payroll so that cost was already there.