Comments for diversity.net.nz

Comment on MYOB’s first SaaS offering… by Sage Upping the SaaS Ante at diversity.net.nz

Sage Upping the SaaS Ante at diversity.net.nz — Mon, 01 Dec 2008 13:33:24 +0000

[...] grade. MYOB delivered the first generation of the BusinessBasics Online product (Diversity review here) which at best gets a "could do better" rank. MYOB and Intuit are the big players in [...]

Comment on Diligent Shareholders Consider Fight by Paul Lattimore

Paul Lattimore — Fri, 28 Nov 2008 04:06:34 +0000

Don’t get me wrong Ben. To some, an irrational, uninformed, fearful market is not necessarily a bad thing

Comment on Diligent Shareholders Consider Fight by Ben Kepes

Ben Kepes — Fri, 28 Nov 2008 03:56:18 +0000

Paul - you’re micro following there. Share prices are affected by a gazillion things, from time to time even the performance of the business itself.

Looking at your points in turn;
1) Yup - NAB is real good
2) The other SaaS accounting vendors are VAT ready as well
3) NZICA - well if you’re dubious about Xero’s go to market strategies then the NZICA thing won’t make any real difference to you methinks

no?

Comment on Diligent Shareholders Consider Fight by Paul Lattimore

Paul Lattimore — Fri, 28 Nov 2008 03:50:57 +0000

You have to wonder about the mentality of The Market sometimes. Xero gets NAB on board, takes the new VAT rate in its stride AND partners up with the NZICA all in the space of a week. What happens? Share price drops 4 cents…..

Comment on Diligent Shareholders Consider Fight by Ben Kepes

Ben Kepes — Fri, 28 Nov 2008 03:38:35 +0000

@Paul - we don’t agree often but this time…..

Comment on Diligent Shareholders Consider Fight by Paul Lattimore

Paul Lattimore — Fri, 28 Nov 2008 03:27:41 +0000

Question. Why would anyone invest in a listed company selling “nice to have” software to a niche market? A phrase including the words Barge Pole comes to mind.

Comment on Diligent Shareholders Consider Fight by julian

julian — Fri, 28 Nov 2008 01:33:21 +0000

Agreed. Buyer (investor) beware!

If you can’t afford to lose it, don’t invest it!

Comment on Diligent Shareholders Consider Fight by Falafulu Fisi

Falafulu Fisi — Thu, 27 Nov 2008 22:54:43 +0000

Ben as my libertarian view (again I have highlighted that point here at your blog before) I don’t blame the entrepreneurs. The blame should be solely directed at themselves (the investors). It is personal responsibility and no one else should be blamed for that. It is ridiculous to blame the entrepreneurs. Anyone who had invested in this company (Diligent) on the basis of their management team’s past history, is a sucker if they blame that the management team’s past weren’t disclose to them at IPO.

See, fund management such as the local star Fisher Funds (by Carmell Fisher) had taken a hit (decreased portfolio value) within the last 12 months. Investors in Fisher Funds can definitely point the finger or blame Carmell for the loss of value in their portfolio, but Carmell didn’t come with a gun and force those investors to invest with her. But again, the reason I suspect that investors flock to invest in Fisher Fund, was because it has been widely circulated in our local newsmedia purporting her to be God in fund management, ie, she can make profits for investors regardless of market movements and therefore investors flocked to put money into her Fisher Funds.

Fingers should be pointed at investors themselves and not entrepreneurs.

Comment on LeftClick Scores a Coup by Shelley Grell

Shelley Grell — Thu, 27 Nov 2008 00:24:50 +0000

No thanks of course to the PR team who are making this press time happen eh Ben?

Comment on Xero gets its first win over the ditch! by Michael L

Michael L — Wed, 26 Nov 2008 22:11:44 +0000

Its no secret Xero are going gangbusters at the moment. It is mind boggling to think of how much growth they are going to achieve over the next 6 months.

Xero’s global launch
Headway into Australia’s Banks connecting with Xero. (will not be long until the rest of the banks join the queue)
Multiple partnerships being leveraged in NZ, (Telecom, Catalyst, Acclipse, BNZ)
UK market bubbling away (albeit rather quietly at this stage)

Growth is going to be achieved at a very scary rate over this changeover period. But you definitely get a sense that Drurys’ team are more than ready for it…

Disc: Xero Customer