Xero UK now has 100K Customers ..............http://diginomica.com/2015/09/29/dig...d#.VguPlfmqqko
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Xero UK now has 100K Customers ..............http://diginomica.com/2015/09/29/dig...d#.VguPlfmqqko
I had a quick dig around at the UK numbers. It seems they are growing at a similar pace to what they were two years ago. 2800 - 3000 new customers per month. I would expect acquisition to pick up speed, but it looks steady. Anyone else have any thoughts about this?
I disagree….. XRO's strength is its International mix of Markets. Sure USA is important, but XRO's has the benefit of 'not having all it's eggs in one basket."
This is what diginomica said of the 100,000 UK customers, "This is a psychologically important number. It signifies clear blue water between Xero and all of its competitors like Clear Books, FreeAgent, Kashflow (now owned by IRIS), Intuit and a myriad of others. It also puts enormous pressure on Sage to respond without incurring the wrath of its financial masters."
(Disc - hold XRO but consider it a risky stock DYOR)
What we already know.
NZ 150k late Jul
Aus 250k mid Aug
UK 100k 30 Sep
US 35k 31 Mar
Int 16k 31 Mar
Total 475k 31 Mar, 540k late Jul
I don't think there is much growth in NZ these days (maybe 160k), and they're past the annual Jul peak for Aus (maybe 260k). US 45-50k, and international 20-25k, so a total around 590k, or 115k in the half. Would they have announced they had 600k at the same time as the UK 100k if they had passed that mark?
Last years revenue of 121m needs to grow 66% to meet 200m target. Customer numbers don't need to grow that much because of pricing changes and lagged impact of having previous customers for full year. 50% growth would be a bit more than 710k. 115k in the first half would require 120k in the second half to get to 710k, and compares with 104k in the second half of last FY. Seems plausible to me.
I'm wondering if there is more Xero news incoming in the next few days. Share price is up 10% in 2 days.
A couple of years ago I would've thought nothing of it because it was a very volatile stock. SP has calmed down a lot since then and a 10% rise has got me wondering if something is up.
Amateur charting skills, but Xero could be breaking out on no news, MACD turned positive and its touched/slightly over 50ma.
Imagine what news could do at this point!
Attachment 7656
Small news about it would be that it was voted as the Software Provider (platform) for the Year by the UK Bookkeepers and there's a good review too of its payroll by the Sleeter Report.
http://www.sleeter.com/blog/2015/10/...mes%20of%20Age
But no hurry, just keep getting them at the cheapest price you can afford :) Definitely, I am.