MYOB doesn't actively compete in the US market does it. I though it was a transtasman business only.
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And here's more about that investment on XRO http://www.afrsmartinvestor.com.au/p...AOsIsO1SdwGt9K
Thanks for the link RGR, that's an enlightening read ... "don’t be fooled into thinking this is not a highly risky proposition" should cause a sharp intake of breath, amongst the numerous other quotes along the same lines, like Drury "... stay invested in the company for what could be a wild ride"
OMG
:scared:
Haha Baa Baa !
You were repeatedly saying that Xero has grossly over promised and under delivered in the US. I'm saying this is incorrect. There have never been any promises, forecast, guidance or otherwise.
As far as the share price goes I agree with you. The existing SP is priced on a future trajectory that may never happen. This has been the case since IPO though.
The market battle between Inuit and Xero maybe a bit closer than we imagine if we can believe Google Trend data. (Inuit in red, Xero in Blue and the dotted line is forecast not actual.)
IMHO it is still too early to call this, however, I like the new CEO's talk about Xero appealing more directly to small business customers. Interesting times.
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It's interesting in my opinion that the share price edged up towards the end of trading and didn't collapse in a heap as want to do when steam has run out.Obviously still some interest on the buying side however small....
Say what you like, I disagree & I think 22k customers in the US & rest of the world says it all.
Not sure how you can defend that performance to be honest.
But is one poster said this back & forth on semantics is a bit inane.
The point I make is they are grossly overvalued.
You might see a bit of a boost in the SP today after the performance of the NASDAQ overnight. :t_up:
I'm not defending their US performance.
Just pointing out that you are wrong to say that they have ever promised anything in the US.
I agree that there is not much point in arguing over semantics. We can refer to a dictionary for that.
I won't argue with your point that they are grossly overvalued either. Everyone is entitled to their own view on that.