Xero (XRO)

15/10/2021 09:23

Xero Ltd (XRO) $143.04

Long term holding XRO looks well positioned to reach our medium-term $160 target area, similarly 10-15% higher. We are very keen on the companies prospects but its corrected more than 30% annually over the last 3-years illustrating that if the stock gets ahead of itself sellers will emerge.

Read more

12/10/2021 09:32

Xero Ltd (XRO) $133.78

MM has on a number of occasions referred to our preference for value stocks over growth as we approach 2022 however it’s important to reiterate that we’re not saying abandon ship with regard to the likes of Tech & Healthcare, simply that we believe the Banks & Resources will embrace a  rising yield environment more positively. Moving onto one...

Read more

24/09/2021 09:48

Xero Ltd (XRO) $153.00

MM has remained long and bullish XRO since April 2020 which has clearly held us in good stead. The company has evolved into one of the world’s leading accountancy software businesses and importantly it enjoys both strong growth and gross margins (around 86% in FY21). The stock is undoubtedly priced for ongoing strong performance but its delivering...

Read more

16/09/2021 09:24

Xero Ltd (XRO) & Appen (APX)

Thirdly, a dip into the volatile IT Sector where high valuation “hot stocks” can fall from grace in the blink of the high e.g. so far in 2021 APX is down 60% while Wisetech (WTC) is up 67%, even Afterpay (APT) is only up 5% after enjoying a takeover bid.

Read more

03/09/2021 09:24

Xero Ltd (XRO) $152.88

Xero (XRO) has regularly been our “go to” tech stock to illustrate how we see the market unfolding through 2021 and so far its rewarded both our investment and thesis towards it as a market indicator. XRO continues to look very bullish and we anticipate  new all-time highs into Christmas but investors should be mindful that this quality growth stock...

Read more

24/08/2021 09:20

Xero Ltd (XRO) $150.00

XRO has been MM’s proxy on the tech space for the last year hence todays quick update – we remain bullish targeting fresh all-time highs in excess of $160 however we may consider trimming our 5% holding into such a move after increasing our position size back in June.

Read more

12/08/2021 09:34

Xero Ltd (XRO) $145.54

On-line accountancy platform is one of MM’s favourite holdings in our Growth Portfolio but all stocks can reach a level where the risk / reward is unattractive e.g. would you buy CBA at $150 although Bells have upgrad

Read more

03/08/2021 09:21

Xero (XRO) $142.22

It’s hard to imagine a stock putting Xero (XRO) to shame from a performance perspective but that’s exactly what Californian based rival Intuit (INT US) has achieved taking its market cap to almost $200bn, compared to XRO at just $21bn. I ponder why INTU wouldn’t consider following in Squares footsteps by bidding for XRO with a scrip as...

Read more

08/07/2021 09:27

Xero Ltd (XRO) $137.30

Local tech powerhouse XRO rallied almost 4% yesterday as the on-line accounting business continues with its holding pattern of 2021. For the budding chartists out there this stock is forming a classic flag structure which usually is the precursor for trend continuation, which in this case is up.

Read more

22/06/2021 09:14

Xero Ltd (XRO) $140.96

MM recently increased our XRO position to 5% after the stock corrected more than 30%, a great example of the volatility which often roll through the IT Sector.

Read more