Ahhh I think you might want to refer to market cap rather than SP my friend. Your point is still valid in this case, but SP means little if not linked back to what the company is actually worth as determined by the market.
Printable View
I'm fascinated that you can be so derogatory of XRO on this thread and such a true believer on the PEB thread. I can understand your doubts with XRO (strong governance and leadership, fast growing, global reach, tested product etc) , but how can you then turn around and be so convinced that PEB (weak leadership, board out to lunch, bugger all sales, no uptake etc) has a future?
Understood your position as you probably got no emo involvement (i.e., money invested or traded on XRO) but rest assured too that we're still nibbling at XRO now at its low sp. Hope for your sake that PEB manages to get at least $15 in 2.5 years time. GL to us all.
Well I'm glad (I suppose, but maybe not...) that you're scared!
I would argue that Xero has a brand that would be harder to copy than PEB's IP (a number of companies are working in the biomarker space), and that PEB's leadership is dangerous in its naivety. Anyhow, I hope they both succeed, but having gone to the Xero AGM this year I would back that group of people to succeed any day (and I would also say their product is already a success- the only argument is around scale into the future).
Actually I like Xro and PEB and hope they both become obscenely successful.
Looks like it might test sub $15 today.
Disc: Do not hold or held.
Looking ugly. Reality Bites ? (This company has made huge losses for nearly nine years and there's not even the slightest hint when they might ever actually make a profit).
To be honest Roger I don't think the price decline has anything to do with reality biting, more just a normal type correction for this stock after that big capital injection a while back. My gut feel tells me this company will do well at the end of the day and I must say i like the vision and audacity that Xro exhibits in the face of numerous obstacles.
Double bottom?
https://www.anzsecurities.co.nz/dire...x?sc=xro&eg=au
Click on "Draw"