Certainly sharemarket action today. Looking like sp might hit AUD60.
Printable View
Certainly sharemarket action today. Looking like sp might hit AUD60.
Not bad for a company bleeding $27m a year. I think I have been doing it wrong all these years!
Great result for Xero, congrats to all holders!
This guy has a valuation of $28 for XRO
https://www.morningstar.com.au/stock...trong%20result
Xero may well be overvalued, for sure, but the many losses so far need to be seen in Xero's strategic context. Which has been growth first, profits later.
Xero SP hitting new records most days atm.
Xero in the US - Fisher Funds view.
Xero’s subscriber growth in the year ended March in the US was 48 percent while overall group growth was 31 percent.
“The cloud accounting software market is huge and is very under-penetrated. We think cloud accounting penetration in that market is less than 15 percent which compares to around 50 percent penetration in NZ,” Dickie says.
http://www.scoop.co.nz/stories/BU190...sher-funds.htm
XRO is knocking on the door of the ASX50, market cap wise. That would increase demand.
Go on. Go higher even more and time to realize the dream :t_up: