Curious as to buying on the ASX over NZX?
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Its just because I trade CFDs & they only offer stocks traded on the ASX.
I typically only trade the Aussie & international markets & NZ companies aren't available unless they are large enough to be duel listed.
Toasty, all I have mostly been saying is that I thought it was overvalued or I didn't see much value in it when the SP was trading at $25 as quite a bit of the near term potential had been priced in. I also think Rod has constantly over hyped things. Now that the stock has lost circa 40% in Australian terms which is how I have bought in its looking a lot more attractive.
Seems to have finally found some support at the A$16.50 equivalent level so somewhere around NZD18 I assume.
Have we found a bottom?
Words of wisdom from Rod
@roddrury: As a software geek, where you're rewarded for logic, you soon learn capital markets you can't control, always raise enough $ for your plan
Might need it if the Greeks turn the global economy to feta...
Came across this 40% rule the other day
http://avc.com/2015/02/the-40-rule/
XRO growing at 80% and loss is 60% of revenues gives 20% on this formula
At 80% growth losses ideally should be 40% of revenues ......if the plan is tonreachbsome form of sustainable earnings sometime
Formula must be rubbish eh
Interesting post. The 40% does seem a little arbitrary but it sounds like an interesting way of gauging the cost of growth.
My take on it would be that Xero are struggling to get the growth they would like to be getting in the US market.
According to your formula, they are spending as if they are getting 100% growth but only getting 80%. The US market is lagging way behind what I would expect in cost-to-acquire-customer and other SaaS metric and I think that if they were performing as I would like in the US then this metric would be right on target.
Wow XRO is really getting fwned lately.
I'm starting to watch XRO now :D