XRO 0.29% $144.90 xero limited

Ann: 2020 Annual Meeting Presentation, page-5

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6 Posts.
    lightbulb Created with Sketch. 1
    Agreed @andy777 this is well below par. The problem too is their first quarter (or there abouts) is usually the strongest. 96k net new subscribers for the first 4 months x 3 for the remainder of the year = 288k net new subscribers. Which is 179k less than last years results of 467k. At average revenue per unit (ARPU) of $30NZ this would result in new revenue of about $103m NZ down from ~$165m new revenue in FY20. Agree though that any growth in this environment is positive. I think it's important to point out Xero has had accelerating, declining percentage growth for some years now (except with the hubdoc acquisition year) and they need a strategy to stop the decline.
 
watchlist Created with Sketch. Add XRO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.