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$143.43 xero limited

$90 a share, page-71

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ricky_banker

9,706 Posts.

847

14/03/20

20:13

Post #: 43496546
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Originally posted by mal85: ↑

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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Yes, thanks Mal.

The only time Xero will lose the subscribers if the small business owners go under or become bankrupt and close shop.

XRO Price at posting: $80.39 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $143.43		Change 2.270(1.61%)		Mkt cap ! $21.88B

Open	High	Low	Value	Volume
$142.45	$143.75	$142.18	$7.770M	54.29K

Buyers (Bids)

No.	Vol.	Price($)
6	62	$143.37

Sellers (Offers)

Price($)	Vol.	No.
$143.43	12	1

View Market Depth

No.	Vol.	Price($)
12	108	143.340
6	58	143.330
1	18	143.310
8	75	143.290
1	5	143.280

Price($)	Vol.	No.
143.430	3	1
143.440	1	1
143.480	17	2
143.500	151	6
143.510	19	1

Last trade - 11.52am 12/09/2024 (20 minute delay)

XRO (ASX) Chart