Alec Hogg: Celebrating Xero’s drop to August 2020 level

There were a number of unhappy Standard Bank Webtrader clients after we adding the first tranch of Australian-listed Xero to the BizNews portfolio in January. Reason: because demand for ASX stocks had been so low, the bank had terminated its clients' access to the Sydney exchange..Read also: Alec Hogg: Brace yourself, more bumps for tech stocks.I suggested in this newsletter that Webtrader clients drop bossman Brett Duncan a line asking for a reopening. Seems enough of you did, as I received a mail yesterday saying the ASX is once again available. On the BizNews Power Hour last night Brett told us it's the 28th exchange available to Webtrader clients..___STEADY_PAYWALL___.Ironically, delayed access actually worked in favour of those who replicate our BizNews Share portfolio through Webtrader. Our first one third tranche of Xero shares was at $137. February's purchase came in quite a bit lower, but the price is even more attractive now at the current $112..Read also: Alec Hogg: Covid claims Absa's deputy CEO Peter Matlare.New Zealand-headquartered Xero, which makes and sells the world's best online accounting software product, is a classic exponential growth stock. A reminder in the table below showing customers by year. That's a picture long-term investors salivates over. Especially those Webtrader clients who got lucky..PS: I had some responses yesterday from Premium members who'd love to attend the BizNews Investment Conference but worry about catching Covid-19. Good news is Champagne Sports Resort is anal about applying the social distancing, mask wearing and other regulations to the letter. So if you've been worried about the coronavirus risk – don't. Adding the clean mountain air, the resort is safer than being in a supermarket. Places are filling up fast and we'll be closing up shop tomorrow. Here's the link: https://www.biznews.com/biznews-investment-conference.And for your listening and viewing.Don't forget you can catch the new BizNews Power Hour live between 5:30 and 5:30 pm weeknights either on FMR (101.3 Cape Town) or via the live-streamed BizNews Radio here: https://iono.fm/s/141.Latest audio on BizNews Radio… (click on the link to access).BPH: AdaptIT in studio; Prudential merger; Omri on Royal BafokengFB: Crypto traders flee SA; Greensill Capital insolvent; GDPOnline market-place for emerging farmers – Zamokhule ThwalaTax-free savings – the only 'free lunch' in the world of investingSibanye CEO's gold merger in 'the national interest' – Peter Major explainsMarkus Jooste will use up every delay tactic available says Paul Hoffman.Latest videos on BizNews TV….Markus Jooste – what's next for the former Steinhoff CEO?Cheeba Cannabis Academy on the budding industry in SA

Alec Hogg: Celebrating Xero’s drop to August 2020 level

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