Less than 2 months to go... My estimates are approx 1.23m subs...

Less than 2 months to go...
My estimates are approx 1.23m subs for the HY.
Calculations/assumptions below- share price assumptions will be similar unless a very very big miss (an absolute add less that 173K would be where I start questioning things- particularly in light of Intuit's amazing ongoing growth).

Am looking for in customer numbers:
- "rebasing" of US growth rates (I think earlier pcp number were artificially high due to overspend on sales and marketing),
- acceleration in rest of world (strongly suspect this),
- ? inflection point in UK due to making tax digital  (ie a few years of 50+% growth),
- when will Aus/NZ finally run out of steam - must be close by surely now!

In accounts:
- true cashflow even (after capitalising R&D)
- divergence between revenue growth and sub growth to start emerging - I believe this will really kick off in 2019 and will be critical to maintain the momentum required for the type of share price growth I am looking for!

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9	Column 10	Column 11	Column 12	Column 13
0	Year	NZ	%	AUS	%	UK	%	US	%	ROW	%	TOTAL	Net adds
1	Sep-11	30600	60%	10400	20%	7300	14%	2000	4%	1000	2%	51300
2	Mar-12	47000	60%	16000	21%	11000	14%	2500	3%	1500	2%	78000	26700
3	Sep-12	57300	51%	32500	29%	15100	14%	4000	4%	2900	3%	111800	33800
4	Mar-13	73000	46%	51000	32%	22000	14%	6000	4%	5000	3%	157000	45200
5	Sep-13	86000	41%	79000	38%	30000	14%	10000	5%	5000	2%	210000	53000
6	Mar-14	102000	36%	109000	38%	47000	17%	18000	6%	8000	3%	284000	74000
7	Sep-14	119000	32%	158000	43%	61000	16%	22000	6%	11000	3%	371000	87000
8	Mar-15	138000	29%	203000	43%	83000	17%	35000	7%	16000	3%	475000	104000
9	Sep-15	163000	27%	262000	44%	102000	17%	47000	8%	19000	3%	593000	118000
10	Mar-16	186000	26%	312000	44%	133000	19%	62000	9%	24000	3%	717000	124000
11	Sep-16	212000	25%	380000	44%	164000	19%	77000	9%	29000	3%	862000	145000
12	Mar-17	240000	23%	452000	44%	212000	20%	92000	9%	39000	4%	1035000	173000
13	Sep-17	278400	23%	542400	44%	256520	21%	107640	9%	48750	4%	1233710	198710

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9	Column 10	Column 11	Column 12
0	HOH Growth rates	NZ		AUS		UK		US		ROW
1	Sep-11
2	Mar-12	54%		54%		51%		25%		50%		52%
3	Sep-12	22%		103%		37%		60%		93%		43%
4	Mar-13	27%		57%		46%		50%		72%		40%
5	Sep-13	18%		55%		36%		67%		0%		34%
6	Mar-14	19%		38%		57%		80%		60%		35%
7	Sep-14	17%		45%		30%		22%		38%		31%
8	Mar-15	16%		28%		36%		59%		45%		28%
9	Sep-15	18%		29%		23%		34%		19%		25%
10	Mar-16	14%		19%		30%		32%		26%		21%
11	Sep-16	14%		22%		23%		24%		21%		20%
12	Mar-17	13%		19%		29%		19%		34%		20%
13	Sep-17	16%		20%		21%		17%		25%		19%