That's my thinking too. The market today seems to think so too, or am I giving myself waaaaaay too much credit?
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I wondered what was going on today too, with the sizeable drop in the SP.
I think it might just people cutting risk and getting out before results are announced on Friday. Based on the Australian numbers from 31 March, it doesn't seem likely to me that Xero will announce customer numbers that surprise on the high-side.
I'm the ever cheerful pessimist so I say that XRO announcement soon will still please :cool:
This came out yesterday but is any could confirm if it is old news please?
http://www.theaustralian.com.au/busi...-1227314455755
Really? Those numbers are from Oct 2013.
https://www.xero.com/media/617887/ma...of_fy_2014.pdf
Yes, that's nearly half their customers. NZ customers are another quarter of their customer base, but irrelevant from the perspective of where they will grow in the future. UK/US numbers could be high or low, but they won't materially affect the current overall customer numbers. But UK/US number will indicate how they are going, and how they may go in the future. UK growing at 50%pa is lower than their global growth, which doesn't seem great for a 'new' market. US at 75%pa is much better than previously, but doesn't inspire me for the short term.
Tmrw we'll find out