20c Target, page-7

Reasons:

1 @robmillion - Capital structure.
480M shares on issue (126M escrowed for 24 months of which 6M are holders outside Top 20). Top 20 holding approx 226M. $4M CR completed so hopefully no further dilution in the near term. A tight share register is a launch pad for outstanding capital gains during a company's growth phase. If VPC continue signing Tier 1 & SME clients in 2016, the potential for massive growth will drive the SP north very quickly.

2 @nine lives
SAAS and PPV fees have grown rapidly (in percentage terms) in the last 12 months.

3 @GrimWally
Leannne Graham who took xeros customer base from 4000 customers to 120,000 over a three-year period, increasing revenues by 500 per cent. She has many connections which she built at xero..  And these will more than likely be tapped into 2016 Q1.

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