The shares are still some way below where the board rejected the latest takeover offer they got, so they have got it all to prove still.

I can understand why you don't hold ERD any more @actionman - while the last 12 months look OK - a rollercoaster - but higher at the end than the start:

And they may have finally reached an inflection point, as you noted... It's been an unpleasant ROAD to have travelled for longer term investors:

Recent rises should be viewed in the context of where they've come from, and the low base that they've risen from.

Rocky Road indeed.

Not all New Zealand software companies are created equally. We've got Xero reporting today and the market loving it, however ERD and XRO are really chalk and cheese.