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
$141.71 |
Change
4.870(3.56%) |
Mkt cap ! $21.48B |
Open | High | Low | Value | Volume |
$137.93 | $141.72 | $137.87 | $53.05M | 378.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 75 | $141.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$141.72 | 13 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 141.490 |
2 | 13 | 141.480 |
3 | 27 | 141.470 |
5 | 70 | 141.460 |
4 | 40 | 141.450 |
Price($) | Vol. | No. |
---|---|---|
141.540 | 24 | 3 |
141.550 | 13 | 3 |
141.560 | 21 | 3 |
141.570 | 15 | 2 |
141.580 | 26 | 2 |
Last trade - 15.44pm 11/07/2024 (20 minute delay) ? |
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