Nice article Stephen. Its a very positive move by the company and shows both their on going commitment to their US arm and their growth story.
Here is another very positive article below. KPMG and Xero have strategic alliance in both the UK and NZ. I would image they would try and strike a similar deal in the US. Thats would open a massive avenue for growth for the company.
KPMG hopes cloud software will win over SMEs - http://www.ft.com/cms/s/0/b81fcf28-5856-11e4-b331-00144feab7de.html
I have done my own stringent valuation of the company and applying a conservative 10X NPAT/EV multiple i get cira $NZ2bn. That's not including any UK or US revenue streams. Hence, even on today's rally the stock is still cheap.
Nice article Stephen. Its a very positive move by the company...
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$140.46 |
Change
-2.030(1.42%) |
Mkt cap ! $21.44B | |||
| Open | High | Low | Value | Volume |
| $142.22 | $142.64 | $140.33 | $48.52M | 343.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 471 | $140.43 |
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| Price($) | Vol. | No. |
|---|---|---|
| $141.01 | 156 | 1 |
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