XRO on a bit of a tear - fantastic to see it hit high today over $68.
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XRO on a bit of a tear - fantastic to see it hit high today over $68.
So how's this for a lost opportunity - Xero had a capital raising offer in 2014 i think - maximum subscription was $15,000 @ about $2.00 per share from memory, so 7,400 shares (which i bought based on Rod's and others recommendation). Share price climbed to $45 per share = $330,000, then tanked within 4 days to $15 share. If one had sold at $45 per share then reinvested the proceeds at $15 per share = 22,000 shares which at todays price $68 = $1,496,000!!! How to turn $15,000 into $1.5m in 5 years. At the time they tanked, I remember Rod saying to just keep them in your bottom draw for 5 years.
I panicked and offloaded most of the shares for about $18. Still a profit however I (try not to) think about what could have been, on a daily basis :(
I sleep well, knowing that I've never held Xero so have never regretted selling them early.
Ggrrr!
:mad ;:
SP heading for $AUD70. Still a long way behind Intuit and Sage.
Nice result from Xero. Past the 2 mill customers mark, and according to Stuff today "Xero eeks out small profit". Did they think it is still Halloween?
That lifetime value is looking very healthy, shows just how much money these SaaS companies can make. Churn is impressively low too. All in all I think that was a good result though subscribers growth in the US is still proving to be hard work. Still they're starting to get growth elsewhere now.
Xero almost made it to AUD80 today - 1 cent off.
Well well... up to $100AU is my estimate. Goals goals goals👌
Disc
Not holding
I have always thought Xero would be an acquisition target for someone like Microsoft or a FANG company that wanted a financial arm. I wonder if anyone will bite before the price goes too far?