Am I missing something? I have never seen a US forecast?
Printable View
How many times have you seen a broker talk down a stock? Makes me laugh when people quote broker valuations etc. Very few are worth their salt & Motley jmo is one of the biggest strikers around.
Jamest the forecast or target is in a report they issued in 2012. Do your research & as someone rightly pointed out it was for the US & the rest of the world, but the US will be the majority of that, or at least you would hope it was with all the money that is being spent there.
As someone reminded me it was end of month. Perhaps small volume pushing the price up was brokers trying to mark their book for clients. Its been done before, in fact regularly I would suggest.
Let's get the US of A started from the new president.......http://www.accountingtoday.com/accou...78-1.html?tech
In front of the NBR paywall for the weekend only - worth a read - 'We've never seen a competitor in any category behave in this manner' — MYOB on Xero man's outburst
Extract -
In prepared comments, plus an interview Friday moring, Ridd went to town on MYOB. His key points:
Xero is adding 300 new customers a day in Australia, and 100 of those are coming from MYOB
Focussing on one market (Australasia) is not a sustainable business model
Xero is growing faster than MYOB
MYOB has had to raise debt, while Xero can sell new shares to raise capital
NBR forwarded a summary of Ridd's comments to MYOB. A spokeswoman fired back:
"The comparison made in [Ridd's comments] is between two very different styles of business. We would note however that MYOB’s cloud users have grown by 88% annually over two years”.
http://www.nbr.co.nz/opinion/weve-ne...-mans-outburst
And more on the Empire asset :) http://newsfeed.gawker.com/do-not-us...son-1688222595
This would cause me concern...This is not saying''we are firmly entrenced in the US and are ready to rocket''--Its saying ''we have tried the US and not made any headway,but this guy is going to try and turn it around''
The US is crucial to achieve Xeros dream--you can support ,but getting caught up in the hype could be dangerous----early days.
That article is interesting and I think your summary is fair, which leads back to the share price which at $15 had pretty much discounted the USA story but now at $25, the bets are all on again. That's gambling isn't it? Gambling that from a base of 22,000 customers in Sept, Xero will conquer the USA, with a new yet to be fully defined or implemented sales model, headed by a guy who made his name building a computer hardware business.