XeroCon up in Auckland from tomorrow. Always nice to see a bit of arm waving and applause etc.
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XeroCon up in Auckland from tomorrow. Always nice to see a bit of arm waving and applause etc.
http://www.nzherald.co.nz/business/n...ectid=11206150
Good interview with Rod, and good effort from interviewer to get US listing news haha
Initial response to update looks muted
Cloud Payroll company valued at US$100-150m
http://techcrunch.com/2014/02/19/clo...lus-valuation/
I find 90k NZ customers hard to believe. They had 85500 at the end of September. Anyway, I think the share price is divorced from these numbers. Otherwise I would have expected some form of reaction (up, down, spike in volume) in response to Intuit numbers.
http://investors.intuit.com/files/do...et%20FINAL.pdf
They said this on the Xero blog http://www.xero.com/blog/2014/02/xer...d-2014-day-one "We’ve grown to more than 90,000 paying customers in New Zealand"
Maybe it shows maturity from the market? Xero put out a promise, they have the funds and runway to do it, and so the market rocketed them up to $5b market cap. All the good news of late (the quarter million mark, the three big hirings) are all in line with their game plan and already priced in by investors. There hasn't been any volatile jumps in the SP at all which signals to me that the market isn't going to respond irrationally to news already expected in the pipeline. I'm thinking this is the firm base camp (circa $40) until we see major news regarding US numbers or a US listing. Sounds like the UK is really humming too, so maybe some bigger than expected numbers from there might push it up a little too.