I think it is extremely unlikely that it will have any real effect on Xero. Worldwide- governments in the countries where Xero has a subscriber base have indicated they will give fiscal support to small businesses. I imagine if cashflow actually is a squeeze, the accounting software will be the last to go. Xero has a rock solid balance sheet and can weather the storm. Even if there was a recession, I personally believe that software like Xero provides an edge to users, and those that use this software will thrive relative to those that don’t.
I didn’t add, but it did go very very close to my buy in price so those that picked the bottom on Friday I believe got a very good deal. I haven’t sold any and have no plans to do so until evidence of business deterioration occurs. I noticed for the first time that Xero has actually become a low volatility stock on the ASX (beta < 1), which provides a very nice protection to my portfolio during these sorts of times.
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Last
$128.70 |
Change
0.750(0.59%) |
Mkt cap ! $19.66B |
Open | High | Low | Value | Volume |
$127.74 | $128.94 | $126.69 | $5.208M | 40.73K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 107 | $128.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$128.82 | 20 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 150 | 128.680 |
7 | 87 | 128.670 |
3 | 40 | 128.660 |
1 | 5 | 128.650 |
3 | 31 | 128.640 |
Price($) | Vol. | No. |
---|---|---|
128.840 | 7 | 2 |
128.850 | 25 | 2 |
128.860 | 29 | 2 |
128.870 | 4 | 1 |
128.880 | 26 | 2 |
Last trade - 11.11am 07/08/2024 (20 minute delay) ? |
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