Share
copied from ASX post
up 400% since listing less than a year ago
17/09/13 12:19
Pezza87
Post #: 9710114
Price at time of posting: $16.77
And doesn't appear to be slowing down, the recent partnership struck with City National Bank in the US may have just opened the door into one of the largest markets in the world.
If Xero's spectacular growth in Australia can be mirrored in the US, then the trend may continue.
This is a growth stock, management is investing millions to ensure the foundations are set firmly for the years ahead.
We will see how it fares over the coming years but Xero seem to have captured the markets attention and have a product which is much more advanced than its peers.
It has stolen a march on the rivals, how these rivals react may be the future roadblocks for Xero which has thus far cleared a path for itself.
-----
18/09/13 09:55
glyco
Why Michelle Long is so excited about Xero
http://vimeo.com/61481166 (2 minutes)
or
http://exactcpa.blogspot.co.nz/2013/03/xerocon-new-zealand-2013-michelle-long.html
...Kansas-based Intuit consultant Michelle Long has no fewer than 25,000 Quickbooks Pro advisers in her Linkedin group.
Xero judged her so influential it brought her to Xerocon in Auckland in March and Drury trumpeted it as a coup when she later amended her LinkedIn profile to record her new status as a Xero-certified adviser, alongside her extensive Quickbooks' credentials.
Long says there is opportunity for Xero in the US and it is "starting to generate some buzz".
....
http://www.stuff.co.nz/business/industries/9121954/Xero-showcases-Kiwi-software-in-US
More to come in next 6-12 months !
---------------
22/09/13 17:31 (View)
glyco
Xero to become NZ's biggest listed company?
24July 2013-09-22
Xero, the Kiwi accounting software provider that became a $2 billion company today, has the potential to become New Zealand's biggest firm by market capitalisation, fund manager Brian Gaynor says.
The executive director of Milford Asset Management said the huge rise in the company's share price this year was being driven by United States-based investors who were more interested in
**customer acquisition than more traditional methods of analysing businesses, such as earnings multiples** .
"It's perceived that Xero is making huge progress in terms of customer reach and acquisition of customers," said Gaynor. "This could be the biggest company in New Zealand [by market capitalisation] within a few years, which would be fantastic for New Zealand and fantastic for the sharemarket."
With a market capitalisation of $5.8 billion, Fletcher Building is currently New Zealand's biggest listed company.
Xero's share price hit a new all-time high of $17.40 this morning, which took its market capitalisation to $2.04 billion….
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10894716
Milfod’ Trans Tasman fund holds approx 100,000 Xero shares at 31August 2013
http://www.milfordasset.com/performance/pie-fund-updates/
Usa VCs also like Xero
(may have posted this previously)
...cloud-focused investors from Data Collective, General Catalyst, Lightspeed, Andreessen Horowitz, and Illuminate Ventures....
http://venturebeat.com/2013/08/05/top-vertical-cloud-startups/
