SKO - Serko.com

[silu]

Serko is one great story imo - truly internationally competitive in a huge evergrowing market.

Pays not to watch the sp day to day or even week to week as Serko’s true potential will come in the next 3 to 5 years.

Meanwhile, more and more institutions are getting on board and from what we can observe, the directors are not selling it but have on enough occasions, put their money where their mouths are by putting in new monies into the company.

Love to draw the comparison with PEB where the directors are only interested n free options and selling their capital raising rights if the rights are in the money.

True. Last night I looked at some of their competitors in the US and they all agree that the corporate travel market is growing and growing. Without being able to double check the ins and outs of it but doesn't matter how small a slice of a Trillion Dollar market you take it will be a big slice nonetheless.

[sb9]

1
1
9:07:36 am
308
204,537
$629,973
L3

[Timesurfer]

Somebody has noticed these shares are under valued?

[Balance]

Somebody has noticed these shares are under valued?

$3.10 today at least

[Toulouse - Luzern]

True. Last night I looked at some of their competitors in the US and they all agree that the corporate travel market is growing and growing. Without being able to double check the ins and outs of it but doesn't matter how small a slice of a Trillion Dollar market you take it will be a big slice nonetheless.

The increase relates in some part to the reduced taxation and consequent increased travel.

The benefit will continue until some thing else changes.

[Timesurfer]

The cynical side of me wonders if the current share price push has something to do with it being the end of the month and a fund or two looking for a better monthly result for relatively modest investment?
Not that I mind, and I am riding this horse for the long term.

[silu]

$3.10 today at least

The broker rings Balance: "Sir, we bought another parcel for you today and it closed at $3.10 as per this mornings instructions"
Balance: "Noice"

[sb9]

$3.10 today at least

True that and some nice volume going through too.

[RupertBear]

Craigs have started coverage with a BUY recomendation, may explain the wee leap up in sp

[Timesurfer]

Craigs have started coverage with a BUY recomendation, may explain the wee leap up in sp

Interesting.
I hope they, like me, value these shares at around $50 :t_up:

[Balance]

Craigs have started coverage with a BUY recomendation, may explain the wee leap up in sp

Did Craigs include a valuation? Thx

[Balance]

https://www.fool.com.au/2018/08/31/2-tech-companies-to-light-up-the-market-in-fy19/

https://www.fool.com.au/2018/09/20/3-exciting-tech-shares-on-my-watchlist-2/

Coming in for attention - always a good thing for a stock heading north.

Tightly held stock so any fund looking to buy a meaningful parcel (like $1m) is going to have to pay up.

[silu]

Interesting.
I hope they, like me, value these shares at around $50 :t_up:

What year though ;)

[sb9]

Did Craigs include a valuation? Thx

I would say at least $4 in the medium term, just a guess though. I think market is waiting for confirmation of further continued momentum, then there'll be another break out.

[RupertBear]

Yes TP is $4

[Everwood]

I looked at the previous 2 years and both years they did a market update in October, before the interim results were released in November. Hopefully we'll get an update sometime over the next 3 weeks.

[t.rexjr]

Yes TP is $4

Argh, you could've kept that one quiet!

Refusing to chase the share price I have missed my buy 5 times now from 67c. FOMO has taken hold and I'm finally in at near all time high...;)

[Balance]

Argh, you could've kept that one quiet!

Refusing to chase the share price I have missed my buy 5 times now from 67c. FOMO has taken hold and I'm finally in at near all time high...;)

Better to chase a good story up than to chase a bad story down!

Serko has proven to be the outstanding performer yet again in 2018 so far - up 44% since Jan 1st!

[Balance]

Yes TP is $4

Gee - there's not much on offer until $4.00!

You can be sure that when the sp approaches $4, the sellers will pull their offers up to $5.

[silu]

Gee - there's not much on offer until $4.00!

You can be sure that when the sp approaches $4, the sellers will pull their offers up to $5.

Put on an offer for 32,684 on market ;)

[whatsup]

$3.19 all time high !!

[whatsup]

$1.19 all time high !!

Sorry $3.20 !

[Balance]

Sorry $1.20 !

Would love to buy at this all time high price! ��

[steveb]

Sellers seem to be drying up,next offer is $3.40

[Balance]

Sellers seem to be drying up,next offer is $3.40

Rather generous given Craigs $4 valuation - leaving 60c on the table, maybe more!

I see the seller has pushed his offer to $5.

[whatsup]

$3.19 all time high !!

$3.22 ath !!

[RupertBear]

Argh, you could've kept that one quiet!

Refusing to chase the share price I have missed my buy 5 times now from 67c. FOMO has taken hold and I'm finally in at near all time high...;)

Although I was already in FOMO got the better of me as well and I topped up a wee few just to round my numbers up :eek2:

[Balance]

Hope you two are not bell ringers! Or if you are, of the kind who ring the bell to get in!


Although I was already in FOMO got the better of me as well and I topped up a wee few just to round my numbers up :eek2:

[silu]

Damn it feels good to be right from time to time. Fly Serko Fly!

[Jonboyz]

Damn it feels good to be right from time to time. Fly Serko Fly!

Bought in about 2 months ago, and was having buyer’s remorse over the past few weeks as the shareprice dipped, but now it’s nice to see this company more recognised.

[RupertBear]

Bought in about 2 months ago, and was having buyer’s remorse over the past few weeks as the shareprice dipped, but now it’s nice to see this company more recognised.

Yep I hear you! I almost sold a few recently as it seemed to be going no where but the bear is learning to be less impulsive and more patient ;) Go you good thing!! :D

[whatsup]

yep i hear you! I almost sold a few recently as it seemed to be going no where but the bear is learning to be less impulsive and more patient ;) go you good thing!! :d

imho xro #2

[RupertBear]

imho xro #2

Oh I hope so! :D

[silu]

imho xro #2

If it catches up with XRO's MC in the next few years I would be able to retire early. Bring it on!

[sb9]

Craigs have started coverage with a BUY recomendation, may explain the wee leap up in sp

Seems as though tech stocks are the flavour atm for Craigs, first it was PPH and now SKO. Wonder if its the same analyst covering both?

[whatsup]

$3.28 up 5.8% today wow and much more to come!

[Leftfield]

Warm fuzzies for all holders today........naaiiiice!

[Balance]

Warm fuzzies for all holders today........naaiiiice!

That’s 10% gain in less than a week or another 100% again for those who bought in March 2017!

[t.rexjr]

That’s 10% gain in less than a week or another 100% again for those who bought in March 2017!

Yeah thanks for rubbing that in :eek2:

I shall forever be cursing ANZ for taking over a day to transfer money from one account to another and missing that climb up from my planned 67c buy in!

Glad it didn't drop on me after sucking me in today! Broker coverage will sure help boost those punters on the sidelines confidence.

[RupertBear]

Yeah thanks for rubbing that in :eek2:

I shall forever be cursing ANZ for taking over a day to transfer money from one account to another and missing that climb up from my planned 67c buy in!

Glad it didn't drop on me after sucking me in today! Broker coverage will sure help boost those punters on the sidelines confidence.

Me too t.rexjr ;) I happy with what I've got atm but if it drops back a bit well it might be another wee buying opportunity for us :)

[Timesurfer]

Yeah thanks for rubbing that in :eek2:

I shall forever be cursing ANZ for taking over a day to transfer money from one account to another and missing that climb up from my planned 67c buy in!

Glad it didn't drop on me after sucking me in today! Broker coverage will sure help boost those punters on the sidelines confidence.

Interestingly, I was going to flick a few at $3.15 when it appeared to stall, to see if I could pick them up again cheaper. Pretty happy ASB crashed on me and I couldn't get the trade to go through!

I take back all those things I said about ASB

[Balance]

Yeah thanks for rubbing that in :eek2:

I shall forever be cursing ANZ for taking over a day to transfer money from one account to another and missing that climb up from my planned 67c buy in!

Glad it didn't drop on me after sucking me in today! Broker coverage will sure help boost those punters on the sidelines confidence.

No intention to rub it in!

Does not really matter whether one got in at 50c or $3 when SKO hits $20?

[Timesurfer]

No intention to rub it in!

Does not really matter whether one got in at 50c or $3 when SKO hits $20?

On a $10k investment we are talking $400 000 vs $66 666 ... not wanting to rub it in .. but OUCH!
Mind you, your money has probably not been idle in the mean time.

[Meister]

Unfortunately I am missing out on the excitement here, stayed out as it seemed pricey for what they are forecasting at the moment. What am I missing here?

[Everwood]

No intention to rub it in!

Does not really matter whether one got in at 50c or $3 when SKO hits $20?
My average price is about $2.85, but I'm hoping they will eventually be about 30AUD which is just under the closing price of Corporate Travel Management or CTD on the ASX. I can see Serko on a similar trajectory over time.

I intend to hold on to this stock for 5 to 10 years. If I'm really lucky they might skyrocket like Xero did between February 2013 to March of 2014 to over $40 per share before falling back to earth before climbing up again. If it did go over 30AUD I will be selling and setting myself up for life.

[Balance]

My average price is about $2.85, but I'm hoping they will eventually be about 30AUD which is just under the closing price of Corporate Travel Management or CTD on the ASX. I can see Serko on a similar trajectory over time.

I intend to hold on to this stock for 5 to 10 years. If I'm really lucky they might skyrocket like Xero did between February 2013 to March of 2014 to over $40 per share before falling back to earth before climbing up again. If it did go over 30AUD I will be selling and setting myself up for life.

Hope it happens matey.

Serko operates in a global growth industry so the potential is definitely there imo.

Hard to see another NZ company with this potential.

[janner]

Hope it happens matey.

Serko operates in a global growth industry so the potential is definitely there imo.

Hard to see another NZ company with this potential.

Why the sudden burst of comments and interest over the past few days ?.

Ramping ?.

Disc. Minor holding.

[Yoda]

Why the sudden burst of comments and interest over the past few days ?.

Ramping ?.

Disc. Minor holding.

its been in the wings for a while
some good charting here....
i bought more a few weeks ago as a result .. And the charts are very educational along with the future prospects of the company .....
nothing wrong with ramping and join the up trend. Just get out if the pan gets too hot or it falls below the 50 MA OR WHATEVER YOUR EXIT IS .
THIS IS 12 % Of my holding .

[sb9]

My average price is about $2.85, but I'm hoping they will eventually be about 30AUD which is just under the closing price of Corporate Travel Management or CTD on the ASX. I can see Serko on a similar trajectory over time.

I intend to hold on to this stock for 5 to 10 years. If I'm really lucky they might skyrocket like Xero did between February 2013 to March of 2014 to over $40 per share before falling back to earth before climbing up again. If it did go over 30AUD I will be selling and setting myself up for life.

Looks very promising, but let’s not ahead of ourselves. They still need to get more runs on the board, for that reason next trading update is crucial. Slightest hint of deviation and market will punish them hard.
Keep grounded bit longer and rewards will follow.

[blobbles]

Looks very promising, but let’s not ahead of ourselves. They still need to get more runs on the board, for that reason next trading update is crucial. Slightest hint of deviation and market will punish them hard.
Keep grounded bit longer and rewards will follow.

Exactly. I think the market has been a bit flat of late so people are getting a bit jibberish in their excitement to see something move up a little. Sure the charts look good etc, but fundamentals are key. Really waiting for a few more deal announcements myself before getting too excited.

Speeding ticket coming up?

[silu]

All those lofty SP projections make my head spin. I'm happy for them growing year-on-year and the SP will follow. I'm still a very happy shareholder and have bought some more 2 weeks ago which brings my average price up to 89c.

[Balance]

My average price is about $2.85, but I'm hoping they will eventually be about 30AUD which is just under the closing price of Corporate Travel Management or CTD on the ASX. I can see Serko on a similar trajectory over time.

I intend to hold on to this stock for 5 to 10 years. If I'm really lucky they might skyrocket like Xero did between February 2013 to March of 2014 to over $40 per share before falling back to earth before climbing up again. If it did go over 30AUD I will be selling and setting myself up for life.

That is the dream, Everwood.

And it starts with investing in a company with that kind of potential.

Good luck to us all.

[Everwood]

Looks very promising, but let’s not ahead of ourselves. They still need to get more runs on the board, for that reason next trading update is crucial. Slightest hint of deviation and market will punish them hard.
Keep grounded bit longer and rewards will follow.

I see this as long term hold 5 to 10 years with maybe some bumps along the way. I don't expect it to happen over night, but I see this as my strongest stock on NZ market for worldwide growth.

[sb9]

I see this as long term hold 5 to 10 years with maybe some bumps along the way. I don't expect it to happen over night, but I see this as my strongest stock on NZ market for worldwide growth.

Agree 100%, if they stead carefully and make right moves it could turn out to be better than Xero.

[silu]

My average price is about $2.85, but I'm hoping they will eventually be about 30AUD which is just under the closing price of Corporate Travel Management or CTD on the ASX. I can see Serko on a similar trajectory over time.

I intend to hold on to this stock for 5 to 10 years. If I'm really lucky they might skyrocket like Xero did between February 2013 to March of 2014 to over $40 per share before falling back to earth before climbing up again. If it did go over 30AUD I will be selling and setting myself up for life.

In all fairness if it catches up to CTD the SP for Serko would be NZ$11.50 which is still not too shabby.

[Timesurfer]

No ramping here. In fact, I'd be happier if you hope over to TRA and ramp that for me!
This one is my retirement plan so I am in no hurry to see the gains (that I am trusting will eventuate). My average buy in is also up around $2.38 so not quit as happy as Silu, but confident enough.

We have to a few good news stories on the NZSX, can't be a one or two horse race!

[Everwood]

In all fairness if it catches up to CTD the SP for Serko would be NZ$11.50 which is still not too shabby.

Thanks for your feedback, what makes you say CTD SP will be 11.50NZD if it catches up? I know the revenue is tiny compared to CTD.

[silu]

Thanks for your feedback, what makes you say CTD SP will be 11.50NZD if it catches up? I know the revenue is tiny compared to CTD.

Based on Market Capitalization.

[Everwood]

Based on Market Capitalization. CTD is worth $3.3b and at today's exchange rate and shares on issue Serko would have the same value at NZ$11.50.

I had a feeling that is where you were coming from:
Serko has 80,348,887 shares on offer and a market cap of $267,561,794NZD
Corporate Travel Management has 108,258,040 shares on offer and a market cap of $$3,300,787,640AUD

A x10 increase in New Zealand Dollars of in price at a value of $3.30 would make it $33.00 per share or a market cap of 2,651,513,271NZD if 80,348,887 were still on offer. Am I calculating something wrong? I do expect Serko to increase the amount of shares of offer over the next several years for use in acquisitions

[silu]

I had a feeling that is where you were coming from:
Serko has 80,348,887 shares on offer and a market cap of $267,561,794NZD
Corporate Travel Management has 108,258,040 shares on offer and a market cap of $$3,300,787,640AUD

A x10 increase in New Zealand Dollars of in price at a value of $3.30 would make it $33.00 per share or a market cap of 2,651,513,271NZD if 80,348,887 were still on offer. Am I calculating something wrong? I do expect Serko to increase the amount of shares of offer over the next several years for use in acquisitions

Actually I did get it completely wrong (I blame the lack of coffee and a cold)

I have Serko total shares on issue on the NZX at 80,348,887.00 x NZ$45.00 = NZ$3,615,699,915.00 and at FX0.92 I get A$3,326,443,921.80

Sorry about this.

[Everwood]

Actually I did get something wrong with the FX Rate and it should be $13.50.
I have Serko total shares on issue on the NZX at 265,954,816 x NZ$13.50 = NZ$3,590,390,016.00 and at FX0.92 I get A$ 3,303,158,814.72

I have Serko shares on offer at 80,348,887 https://www.anzsecurities.co.nz/directtrade/dynamic/quote.aspx?qqeg=NZ&qqsc=sko&QuickQuote=+Go+

[Joshuatree]

There is a CTD thread here btw, be great to see holders thoughts on there.

[silu]

I have Serko shares on offer at 80,348,887 https://www.anzsecurities.co.nz/directtrade/dynamic/quote.aspx?qqeg=NZ&qqsc=sko&QuickQuote=+Go+

Please see above amendment. I've got the shares on offer totally wrong.

[whatsup]

Great finish to the week $ 3.40 !

[Yoda]

Great finish to the week $ 3.40 !

ASX looks to have a bit of support around 3.10AUD

[Balance]

Pass the word around - somebody wants stock, and in big volumes!

$4.00 by end of this year!

[Timesurfer]

Not letting them have mine just yet ;)

[sb9]

Pass the word around - somebody wants stock, and in big volumes!

$4.00 by end of this year!

Consolidation around current 3.40 level before next leg up to 4 mark... soaking up nice volume today.

[RupertBear]

Fighting the urge to top up now Balance, note to self dont be a greedy greedy bear ;)

[Balance]

Fighting the urge to top up now Balance, note to self dont be a greedy greedy bear ;)

I always ask myself how I would feel if it reaches $10 and I only have what I got. Then, I ask myself how I would feel if it goes down to $1.00.

If I feel okay with the downside, I buy more!

[Leftfield]

Nice day for SKO holders.

Disc - Hold - the second largest holding in my portfolio.

[Timesurfer]

I had to celebrate my first double day by paying a record high price for a handful more just to put me over a nice round number in my portfolio (just because I have annal retentive tendancies and it has always bugged me being a few shares short!).

[RupertBear]

I had to celebrate my first double day by paying a record high price for a handful more just to put me over a nice round number in my portfolio (just because I have annal retentive tendancies and it has always bugged me being a few shares short!).

Classic! Join the nice round numbers club! :) I nibbled a few more @$3.40 but now I have an uneven amount :( so will be looking to add a few more to even things up if the opportunity arises :D

[Leftfield]

I had to celebrate my first double day by paying a record high price for a handful more just to put me over a nice round number in my portfolio (just because I have annal retentive tendancies and it has always bugged me being a few shares short!).

Your anal retentive secret is safe with us.....LOL!

[janner]

Forget the banter please..

Seriously.. Why the interest ???

Is it another SNAK ?? If not why not.. Obviously DH is not involved as far as I know..

But why ???.

Disc. Holder. adding..

[whatsup]

Forget the banter please..

Seriously.. Why the interest ???

Is it another SNAK ?? If not why not.. Obviously DH is not involved as far as I know..

But why ???.

Disc. Holder. adding..
Janner , pl;ease do your own research, its out there- company ann etc, this could be good/great some say the next XRO !

[janner]

Janner , pl;ease do your own research, its out there- company ann etc, this could be good/great some say the next XRO !

Have done.. Always do.. That is why I am not aboard Percy's TRA.

As some say " could be the next XRO ". Curious..

Disc. Holder, adding..

[silu]

Have done.. Always do.. That is why I am not aboard Percy's TRA.

As some say " could be the next XRO ". Curious..

Disc. Holder, adding..

When I say it's the next XRO I mean that it will be the next NZ Tech success story on a global scale.

Also wondering if we'll get a market update this month as in the years prior.

[janner]

When I say it's the next XRO I mean that it will be the next NZ Tech success story on a global scale.

Also wondering if we'll get a market update this month as in the years prior.


Think you may well be right.
Gutometer feeling on this one.

[whatsup]

All time high today $3.47 !!

[Balance]

Forget the banter please..

Seriously.. Why the interest ???

Is it another SNAK ?? If not why not.. Obviously DH is not involved as far as I know..

But why ???.

Disc. Holder. adding..

Seriously, you should not be holding this stock if you are still unsure.

Genuine reply.

[Lorne Ranger]

Forget the banter please..

Seriously.. Why the interest ???

Is it another SNAK ?? If not why not.. Obviously DH is not involved as far as I know..

But why ???.

Disc. Holder. adding..

Ha this is classic investment - clearly uncertain but still "adding" :) Love it. I mean no disrespect, I sometimes do the same, its a weird behaviour I know, so I can understand your action if not your logic.

[Timesurfer]

What I like about this company - even though they are pushing for global domination, they haven't forgotten about home.


Serko has integrated two of New Zealand’s largest regional passenger airlines into its premium corporate travel and expense solution Zeno, making it easier for companies to do business in the country’s heartland. Available now, Zeno users will be able to book flights with the Marlborough-based Sounds Air as well as Air Chathams.

[Timesurfer]

Some sexi AI they have got going on - better than just watching the slow loading bar.

https://youtu.be/IJF6lLplexU

[silu]

What a great finish to the week given what has transpired.

[Balance]

What a great finish to the week given what has transpired.

Diamonds only shine brighter by grit!

[Leftfield]

What a great finish to the week given what has transpired.

Agree.... made my week (after sneaking a few more today and yesterday.) My second biggest holding just got bigger and better!

[janner]

Seriously, you should not be holding this stock if you are still unsure..

Balance. I am always suspicious. Is that not the first rule of investing ?? . Buyer Beware.. DYOR etc...

Just asking for others opinions.. and reasons why.


Still adding..

..

[Balance]

Balance. I am always suspicious. Is that not the first rule of investing ?? . Buyer Beware.. DYOR etc...

Just asking for others opinions.. and reasons why.


Still adding..

..

Indeed it is .. Buyer Beware always!

If you read through the thread, I think you will find that there's a huge wealth of information and opinions already posted on Serko.

There are those of us who sweated the stock out as it plunged ever lower until it hit a low of 29c last March 2017. But we did not lose faith and the reasons are well posted.

The current sp reflects the fact that the institutions are now onboard the story and stock supply is tight as the directors and founders are and have not been selling - very positive for the stock.

[silu]

So it was FNZ responsible for the increase in volume. from 8.293% to 9.304%. As they say "it's getting tight in here".

[sb9]

So it was FNZ responsible for the increase in volume. from 8.293% to 9.304%. As they say "it's getting tight in here".

They sure are chasing smart money it seems...

Topped up some more this arvo :)

[sb9]

Zeno connects to ATPCOs NDC Exchange

https://www.serko.com/news-blog/atpco-ndc-exchange/

ATPCO and SITA today announced that British Airways, Delta Air Lines, the airlines of the LATAM Group, United Airlines and Finnair have all committed to NDC Exchange, a platform that enables content interoperability across the ecosystem and is a trusted bridge between IATA’s NDC (New Distribution Capability) and traditional distribution methods.
“By connecting to NDC Exchange we have access to these first movers, as well as other airlines as they join. By building a single connection to NDC Exchange, we are being more efficient with our development resources, letting us focus on customer experience rather than content acquisition. We’re excited about the momentum this is getting and can’t wait for the next airline,” said Rich Miller of Serko, an industry-leading corporate booking tool.
NDC Exchange is a community platform that enables API connectivity between airlines and sellers (GDSs, travel agents, aggregators, OTAs, and TMCs) so that they can exchange messages easily and cost effectively. NDC Exchange supports shopping, booking, and servicing workflows and enables the cross-selling of ancillary services between airlines, and among airlines and sellers. Using a common data model, it normalizes messages regardless of version or format, creating interoperability across the distribution ecosystem. Travel sellers can access multiple airlines via NDC Exchange, hence lowering the cost of their implementation.
“NDC Exchange is a unique industry platform that allows airlines and sellers to advance their NDC programs at a pace that best suits their business needs,” said Graham Wareham, Director of Products & Solutions for ATPCO. “With the addition of these five world class airlines to Air Canada, the exchange now has become a compelling part of the NDC ecosystem. With one simple connection, sellers and other airlines can easily access all five carriers.”
NDC Exchange facilitates the real-time XML message translation enabling airlines and travel sellers to quickly and efficiently connect to the platform regardless of their API schema or standard. Once connected to NDC Exchange, airlines have access to all connected travel sellers and those travel sellers have access to all connected airlines.
NDC Exchange has seen robust industry interest, with early-joiners Airlines Reporting Corporation (ARC) providing settlement support and Routehappy by ATPCO powering rich content capabilities to enhance retailing. NDC Exchange has earned a Level 3 NDC Capable certification, the highest level of certification offered by IATA.
NDC is a standard, developed and implemented in accordance with applicable laws, which is aimed at enabling the travel industry to transform the way services are retailed to leisure and business travelers. It supports greater product differentiation, access to full and rich content, and delivers a more transparent shopping experience.

[Yoda]

Thanks sb9 , i hadnt seen that . This does look exiting . Only a few years ago an investment banker said to me not to touch Xero when it was $4 ..... Now look at it .
im trying to not make the same mistake twice,

[silu]

Not that it matters much but last night Serko won the "Excellence in Innovation" at the NZTE function:

Judge Craig Cotton said: “The reason that Serko won is that CEO Darrin Grafton was able to show a true culture of innovation, end to end in terms of the processes. The way their people develop their products or services, ultimately for the end consumer, was outstanding. What was really exciting is that this is a true global opportunity, this could become a more than billion-dollar company.” (current MC $261m).

fwiw The Supreme Winner was Seequent

[sb9]

Another recognition to be proud of for holders..
Zeno wins BTN Innovate People's Choice Awardhttps://www.serko.com/news-blog/btn-innovate/

[silu]

Also Zeno is going live in Canada next week.

[Balance]

Not that it matters much but last night Serko won the "Excellence in Innovation" at the NZTE function:

Judge Craig Cotton said: “The reason that Serko won is that CEO Darrin Grafton was able to show a true culture of innovation, end to end in terms of the processes. The way their people develop their products or services, ultimately for the end consumer, was outstanding. What was really exciting is that this is a true global opportunity, this could become a more than billion-dollar company.” (current MC $261m).

fwiw The Supreme Winner was Seequent

Like that 'more than a billion dollar company' bit! Why not several billion dollar?

[sb9]

https://www.nzx.com/announcements/326942

Directors buying on market, albeit nominal quantities as part of Non-Executive Director Fixed Trading Plan.

[silu]

Tuesday will be interesting with the HY result announcement. Unlike the last couple of years we didn't get a market update prior to the announcement so I wouldn't expect anything wildly spectacular (yet).

[BlackPeter]

Didn't they forecast in their last annual report revenue growth of 15 to 30% but no material earnings growth? Lacking any newer update, I suppose this will it be.

Not really a lot for a company purely based on growth - is it? But who knows - maybe one day the XRO, WYN, DIL or PPH of all travel bookings - take your pick ... some win, some lose.

[silu]

Revenue growth forecast for FY19 is +20-30% on 2018 results. EBITDA is expected to be the same which is due to expansion into North America, UK and Europe. What I like about Serko besides that customers love their product and as bobbles and other posters have commented on their fast and efficient development team is that they are clipping the ticket on several fronts:
- Booking and other Fees
- Monthly Fees
- Supplier commission
- Mobile subscription
- Services Revenue
Source to their latest presentation: https://stocknessmonster.com/announcements/sko.nzx-323501/

[sb9]

Tuesday will be interesting with the HY result announcement. Unlike the last couple of years we didn't get a market update prior to the announcement so I wouldn't expect anything wildly spectacular (yet).

The numbers for HY wouldn't be materially different to earlier market update they provided. What will be interesting would be commentary around future outlook and further updates.

[whatsup]

Looks like todays half yearly although was in line with what was expected has not impressed and is selling off !

[babymonster]

after aussie opens... more than 10% drop now...

[silu]

Not surprised by the sell off. Wasn't overly fired up about the HY and with a high PE stock like Serko a little punishment was almost expected. What gives me hope is that Revenue by Region shows that there is a lot of growth out of North America and Europe possible:
Australia 9,822
NZ 998
USA 392
India 24
Singapore 36
Other 78
Total 11,350m

discl. holding

[sb9]

Broader US market sell off in particular the FAANG stocks are contributing to the sentiment.

Listened to the conf call at 11.30 and both CEO and CFO presented very well. They're surely going as per plan and investing for future growth. And Darrin was quite coy when asked about any planned strategic acquisitions.

[silu]

I've read the result presentation transcript and there's also an interview with Darrin on NBR. I still have faith that my investment in Serko is sound. They seem to have a level head approaching potential acquisitions. All eyes for me are on the North American expansion.

This little snippet caught my eye "Serko expects to start transactions in continental Europe and North America in the second half. Demand has exceeded capacity and the company has expanded its team there to cope, he says." Hope as in most sectors this is also a good sign in the tech industry.

[Balance]

Broader US market sell off in particular the FAANG stocks are contributing to the sentiment.

Listened to the conf call at 11.30 and both CEO and CFO presented very well. They're surely going as per plan and investing for future growth. And Darrin was quite coy when asked about any planned strategic acquisitions.

Or merger?

[janner]

Or merger?

Food for thought.

[sb9]

Or merger?

Anything is possible in the current environment...

[44wishlists]

I think Serko's SP weaken so much after the result announced are largely caused by the global markets sell off of tech stocks. Tech stocks around the world have been out of favour in recent months. The "FAANG" + Tecent have really came off the top. Hence, while the SKO result missed fire a bit, traders used it to the fullest and caused a shape pull. Based on the SP movements of SKO after result announcements, the price could still go down a bit, in particular we have all the traders on ASX nowadays.

[blobbles]

Yeah, I aren't too surprised about this result. It's the next trading update that will be huge I think. Given the timing of recent entry into other markets the numbers we see from those should show huge growth in the next full year update. Pity we aren't getting more frequent updates to track it.

[sb9]

Serko and Troovo Partner to streamline travel booking and payment processing...

https://www.serko.com/news-blog/troovo-partnership

[RupertBear]

Hmmm bit of a drop...and chart not looking so good...hmmm :confused:

[Balance]

Hmmm bit of a drop...and chart not looking so good...hmmm :confused:

I reckon $2.50 is where it is heading.

[RupertBear]

I reckon $2.50 is where it is heading.

Think you might be right Balance, I might be topping up if it does...

[Balance]

Think you might be right Balance, I might be topping up if it does...

Have a look at Diligent price chart and it gives you a good idea of how the sp of Serko is likely to behave.

[RupertBear]

Have a look at Diligent price chart and it gives you a good idea of how the sp of Serko is likely to behave.

Ok will do thanks Balance

[McGinty]

This could head much lower than $2.50 in this market! Technically this one is broken.

It has had a great run over the last 14 months and is currently testing the long term support around $2.75. Failing that would confirm a stage 4 down trend.

Still a very highly valued (and illiquid) stock, so it will pay to have a plan and stick to it. No one enjoys being a 'trapped' holder' or giving back paper profits.

Disc: use to hold SKO, but sold after HY results failed to impress the market.

[Timesurfer]

Given the volumes being traded I am not panicking just yet - in fact happy to keep adding (early christmas presents!).

[BlackPeter]

Think you might be right Balance, I might be topping up if it does...


Given the volumes being traded I am not panicking just yet - in fact happy to keep adding (early christmas presents!).

Feels risky in the current situation. I guess just another SW company with an amazing growth proposition. And sure - at least they don't lose money, but with a forward PE arouund 100 they would need to work on significant and consistent revenue growth ... It may or may not come true (statistically 8 to 9 out of 10 growth start ups don't), but at this stage the market does not value growth potential very much.

Sure - this might turn into the XRO of travelling or it might end up like Diligent - but it might as well do a PPH, an ERD or (heavens forbid) a WYN.

Whatever it is - it might pay to wait whether this is the start of a long and nasty downturn before topping up. Just ask yourself - why would you buy these potentially amazing growth shares at todays price if you might get them tomorrow much cheaper?

Anyway - all the best to shareholders. I don't know where the markets will blow us in these tumultuous times, but personally I moved my portfolio towards bonds, property based shares and good and reliable dividend stocks. They might all go down as well, but none of them would have such a long way down to reach a PE of say 8.5 ;) than e.g. SKO. Ouch ... 2.5 cents earnings per share times 8.5 would be 21 cents (give or take). Actually - from memory DIL did this trick (might have been even lower). Lets better talk about more pleasant things ... 10 days to Christmas ...

[RupertBear]

Feels risky in the current situation. I guess just another SW company with an amazing growth proposition. And sure - at least they don't lose money, but with a forward PE arouund 100 they would need to work on significant and consistent revenue growth ... It may or may not come true (statistically 8 to 9 out of 10 growth start ups don't), but at this stage the market does not value growth potential very much.

Sure - this might turn into the XRO of travelling or it might end up like Diligent - but it might as well do a PPH, an ERD or (heavens forbid) a WYN.

Whatever it is - it might pay to wait whether this is the start of a long and nasty downturn before topping up. Just ask yourself - why would you buy these potentially amazing growth shares at todays price if you might get them tomorrow much cheaper?

Anyway - all the best to shareholders. I don't know where the markets will blow us in these tumultuous times, but personally I moved my portfolio towards bonds, property based shares and good and reliable dividend stocks. They might all go down as well, but none of them would have such a long way down to reach a PE of say 8.5 ;) than e.g. SKO. Ouch ... 2.5 cents earnings per share times 8.5 would be 21 cents (give or take). Actually - from memory DIL did this trick (might have been even lower). Lets better talk about more pleasant things ... 10 days to Christmas ...

Thanks for your wise words BP. Think I will hold onto what I have in the short term but with a tight stop loss. Dont fancy holding another WYN nor watching my profits or capital go down like I did with ERD. ;)

[Balance]

https://www.nzx.com/announcements/328686

Steadily building up a solid platform to leverage off without betting the farm. Way to go, Serko!

Share price did not quite hit $2.50 but $2.60 was close yesterday. Still there waiting for some panic selling.

[Balance]

Thanks for your wise words BP. Think I will hold onto what I have in the short term but with a tight stop loss. Dont fancy holding another WYN nor watching my profits or capital go down like I did with ERD. ;)

Serko is no Wynyard just as Wynyard was no Diligent.

But Serko and Diligent are not for speculators and risk adverse investors. Why? Because such 'investors' will inevitably sell out when the market waves get a bit too rough!

[whatsup]

SKO remains to be seen if it will become as speculated the XRO of the world travel industry !

[Balance]

SKO remains to be seen if it will become as speculated the XRO of the world travel industry !

XRO of the travel world?

No, Apple of the IT world!

Christmas joke.

[silu]

If it ever gets close to XRO's MC then I may be even able to retire early. Now back to eating rum-soaked things because that's how I celebrate Christmas.

[Timesurfer]

The new aquisition announcement looks solid to me. If they stick to the plan I see the next couple of years building a solid market share.
Bought myself some more for Christmas. Hoping to join Silu in retirement.

[Jonboyz]

A good longterm hold. Definitely not for the faint-hearted.

[ziptie]

Little bit of action today, good news in the pipeline?

[janner]

Little bit of action today, good news in the pipeline?

Just standard movement. Nothing to read.. Could drop tomorrow..

[Balance]

The new aquisition announcement looks solid to me. If they stick to the plan I see the next couple of years building a solid market share.
Bought myself some more for Christmas. Hoping to join Silu in retirement.

$3.15 now so great Christmas present you gave yourself!

Here's to our early retirement!

[Timesurfer]

$3.15 now so great Christmas present you gave yourself!

Here's to our early retirement!

Not quite packing my bags just yet, but buyers starting to stack up with no great flood of sellers :cool:

[Timesurfer]

Who do you think will blink first with that spread?

[Balance]

Who do you think will blink first with that spread?

Depends on what happens with Nasdaq - short term until next trading update.

Results not out until May.

[whatsup]

Strong close, still away from last years high of $3.47 but is there something out there that we should be aware of ?

[Balance]

Strong close, still away from last years high of $3.47 but is there something out there that we should be aware of ?

Let's hope so.

[Leftfield]

Strong close, still away from last years high of $3.47 but is there something out there that we should be aware of ?

Yep Left field picked SKO in the 2019 stock picking comp...... a very auspicious sign. No doubt the institutions are taking note!!

[Balance]

Yep Left field picked SKO in the 2019 stock picking comp...... a very auspicious sign. No doubt the institutions are taking note!!

Very auspicious too that none of the brokers picked SKO for 2019, just as none of them did in 2017 when Serko was the absolutely top performing stock (+800%) that year.

[pierre]

Very auspicious too that none of the brokers picked SKO for 2019, just as none of them did in 2017 when Serko was the absolutely top performing stock (+800%) that year.

What do the sellers know that the buyers aren't aware of?

[whatsup]

What do the sellers know that the buyers aren't aware of?

Nothing, as there are hardly any sellers.

[Timesurfer]

Nothing, as there are hardly any sellers.

Because they think Left field knows something

[Balance]

What do the sellers know that the buyers aren't aware of?

Poor old sellers have been wondering since 2016 what the buyers know that they don't!

But they keep selling and the buyers keep buying. :D

[Leftfield]

Because they think Left field knows something


Sssshhhhhh not too loud, it's meant to be a secret. :t_up:

[sb9]

Serko & CWT extends agreement to cover North America
https://www.nzx.com/announcements/330306

[silu]

Webjet and Corporate Travel Management with cracking results. Hope this is a good example as to how the industry is going.

[silu]

Webjet and Corporate Travel Management with cracking results. Hope this is a good example as to how the industry is going.

Well it just hit A$3.20 which is the all-time high on the ASX. NZD$3.26 (all-time high of $3.47)

[sb9]

Webjet and Corporate Travel Management with cracking results. Hope this is a good example as to how the industry is going.

Thanks for sharing that info. No wonder the trading depth this morning looked as though something's up.

[whatsup]

Hit its all time high again today , $3.47, like to think that there is a very good results ann just around the corner and to live up to its tag of the next XRO .

[sb9]

Hit its all time high again today , $3.47, like to think that there is a very good results ann just around the corner and to live up to its tag of the next XRO .

Its powering ahead swiftly on ASX with last trade at A$3.43 compared to NZX last trade of $3.47.

[sb9]

Hit its all time high again today , $3.47, like to think that there is a very good results ann just around the corner and to live up to its tag of the next XRO .

Next set of results aren't due until May, so sometime to go before we know any numbers unless they come out with any trading update before that.

As a side note, webjet is surging further ahead with another 10% up on ASX.

[silu]

My worst performing share in my whole portfolio. Kept it as feedback from users (as above) was great but in hindsight I should have just sold them at a loss and moved on. No wonder the "normal" Kiwi doesn't like investing in the sharemarket with IPO's like these.

This was about 9 months before I bought some more at 35c at my lowest point. Less than 2 years later I'm sitting on a big fat profit. Hopefully we can close on an all-time high today.

[whatsup]

This was about 9 months before I bought some more at 35c at my lowest point. Less than 2 years later I'm sitting on a big fat profit. Hopefully we can close on an all-time high today.

What was the IPO price, $3.50 and rising atm.

[Balance]

What was the IPO price, $3.50 and rising atm.

$1.10 and it got as low as 29c in Mar 2017 before the sp started moving upwards.

[Leftfield]

Its powering ahead swiftly on ASX with last trade at A$3.43 compared to NZX last trade of $3.47.

Couldnt resist the disparity tween NZX and ASX so averaged up some more today. Now my 2nd biggest holding after ATM. GLH.

[silu]

What was the IPO price, $3.50 and rising atm.

IPO price was $1.10
all-time low 25c April 2017

[sb9]

Interesting to note ASX has a bidder (small volume) at A$3.50 whereas last traded price on NZX is $3.51. Small window of arbitrage opportunity??

[sb9]

Someone is keen to offload and someone else keen to accumulate...



1
11
4:14:40 pm
330
600,000
$1,980,000
Off market


2
10
4:00:48 pm
330
803,200
$2,650,560
Off market

[sb9]

More accumulation at 3.30 level, will we see distribution soon...




1
14
3:48:37 pm
330
130,345
$430,138
Off market




6
9
1:16:28 pm
330
150,000
$495,000
Off market


7
8
1:16:18 pm
330
100,000
$330,000
Off market

[RTM]

https://www.nzx.com/announcements/332128
Nominal value: N/A.
Issue price: The Options have an exercise price of NZ$3.32 per Option, being the closing market price of an Ordinary Share on the NZX Main Board on 15 March 2019.

This seems a pretty decent option price. They must be pretty confident. I interpret this as good news...or are there rules as to what price they can issue options at ?

[percy]

Easy money.
Share price today $3.31.
Option conversion price $3.32.
Options expire 18th April 2024.ie in over 5 years time.!
No incentive at all.

[Balance]

Easy money.
Share price today $3.31.
Option conversion price $3.32.
Options expire 18th April 2024.ie in over 5 years time.!
No incentive at all.

1,985 options issued so it's neither here nor there from a shareholder's point of view.

But can be hell of an incentive for the young staff coming through - encourages the good ones to stay and build up their stake while contributing to the success of the company.

I worked for a company which issued similar options to us youngsters. The $$$ which came my way after a few years with said company came in very handy when paying down my mortgage!

[percy]

Incentives for performance worked well for EBO.
Options for non performance, justs transfers wealth from shareholders to staff,with no benefit to shareholders.

[RTM]

Easy money.
Share price today $3.31.
Option conversion price $3.32.
Options expire 18th April 2024.ie in over 5 years time.!
No incentive at all.

For the options at 3.32 to be of significant value...then the share price has to rise quite a bit. Say to $4.50 !!! So to issue them at 3.32...and consider them as an incentive to staff, the company must be confident of their future and therefore that the share price will indeed rise.

That is why I considered that the option price of 3.32 to be encouraging.
Time will tell !

[silu]

In absence of any real Serko news at the moment:

@SerkoOnline
We're honoured to have been named as a finalist in the @NZHiTechAwards for Most Innovative Service for @zeno_travel and Company of the Year. We congratulate all the finalists and look forward to celebrating and supporting NZ tech leadership at the awards dinner!

[Leftfield]

Looks like Harbour have been increasing their holding up to 10.3% from about 9.3%, buying and selling and generally playing with the SP......

"In the 4 month period to 5 April 2019, as part of normal on-market trading activity under discretionary investment mandates, Harbour Asset Management Limited purchased 675,651SKO ordinary shares for total consideration of $1,921,501 and sold 64,578 SKO ordinary shares for total consideration of $207,007.....

In the 4 month period to 5 April 2019, as part of normal on-market trading activity, First NZ Capital Securities Limited purchased 552,770 SKO ordinary shares for total consideration of $1,684,926 and sold 464,467 SKO ordinary shares for a total consideration of $1,425,355.

(.... or maybe I'm being too harsh......you decide. Next update, SKO annual results due 22 May. )

[Timesurfer]

Bit of luck they will drive the price back down to pre-christmas levels before the annual results are due out so I can load up with some more.

[Balance]

Looks like Harbour have been increasing their holding up to 10.3% from about 9.3%, buying and selling and generally playing with the SP......

"In the 4 month period to 5 April 2019, as part of normal on-market trading activity under discretionary investment mandates, Harbour Asset Management Limited purchased 675,651SKO ordinary shares for total consideration of $1,921,501 and sold 64,578 SKO ordinary shares for total consideration of $207,007.....

In the 4 month period to 5 April 2019, as part of normal on-market trading activity, First NZ Capital Securities Limited purchased 552,770 SKO ordinary shares for total consideration of $1,684,926 and sold 464,467 SKO ordinary shares for a total consideration of $1,425,355.

(.... or maybe I'm being too harsh......you decide. Next update, SKO annual results due 22 May. )

Harbour bought at average of $2.84 and sold a few at an average of $3.20.

FNZC bought at average of $3.05 and sold at average of $3.07.

Overall, they bought a net 699,376 shares in Serko during the 4 months.

All power to them, I say - it is great to have a believer and committed investor like Harbour & its principal shareholder, FNZC, make a market in Serko to provide liquidity and depth.

And they seem to invest well - taking the opportunity to take off the top when prices are a bit over-cooked and hoovering up stock when the inevitable 'Black Mondays' see some holders panic out of their stocks.

[silu]

I read an interview with fund managers in OZ talking about growth offshore and the talk came to CTD, Flight Centre, ATPI and the consensus was that it would be better to invest Serko as it's the underlining software powering these companies and Serko has actual growth potential in the US.

[Leftfield]

Nice to hear, thanks Silu. I reckon we are going to see some v positive action on SKO this year. From a TA perspective the up trend is still in play and the bollinger bands are getting squeezed for the next leg up IMHO.

[Balance]

I read an interview with fund managers in OZ talking about growth offshore and the talk came to CTD, Flight Centre, ATPI and the consensus was that it would be better to invest Serko as it's the underlining software powering these companies and Serko has actual growth potential in the US.

Yup - was in the AFR as well, yesterday in fact.

" ...... there's a very interesting way to play this game, and there's a New Zealand small cap company called Serko. And Serko actually owned the IT...sorry, the IP and the tech that sits behind these corporate managed travel booking systems, and it's not just them, it's the likes of Flight Centre and ATPI etc. They have about 70 per cent of the market in ANZ but the opportunity's actually in the US. So, they've landed their first US contract .....etc etc"

Looks to me like Serko is starting to get real traction now with the Australian instos who have of course done fabulously well with stocks like Webjet ($2.53 to $16.30 in 5 years) and Corporate Travel Management (from under $2.00 in 2011 to $25.67 today).

Well, as W69 would write - some of us are well positioned just like Serko!

Already a 10 bagger for some, here's to the next 10 bagger for Serko!

[silu]

Yup - was in the AFR as well, yesterday in fact.

Already a 10 bagger for some, here's to the next 10 bagger for Serko!

a part of my parcel went for the 10 bagger. Overall due to buying more along the way my average price is 89c. Would love to have the whole parcel got 10 bagger for me :)

I'm not a chartist but I do like the green candles of late. Especially FY out next month. Hope we're getting a great report and positive forward statements.

[sb9]

Well, that’s how the depth looks on ASX at close for SKO, very interesting indeed.


Last
Change
Buy
Sell
Open
High
Low
VWAP
Volume
Turnover



$3.240
https://online.asb.co.nz/ost/Content/Style/Images/arrow-up-green_transparent.png17 5.5%
$3.300
$3.500
$3.090
$3.240
$3.090
$3.147
69,175
$217,693







Buyers
Buy Quantity
Prices


1
834
$3.300


1
1,500
$3.290


1
765
$3.240


1
1,251
$3.180


1
310
$3.170


1
1,500
$3.160


1
470
$3.150


1
1,500
$3.140


1
19,927
$3.130


3
7,501
$3.120


12
35,558






Prices
Sell Quantity
Sellers


$3.500
800
2


$4.150
1,580
1











































2,380
3





Table format gone bit wonky, just imagine buy And sell side by side.

[Balance]

https://www.globenewswire.com/news-release/2019/03/19/1756944/0/en/Direct-Travel-Expands-Offerings-to-Clients-with-Zeno-Travel-Booking-and-Expense-Solution-in-North-America.html

"Travel management company Direct Travel, Inc., North America's fastest growing travel management company, today announced the expansion of its agreement with Serko Ltd. (NZX:SKO, ASX:SKO) for Zeno, Serko’s travel booking and expense management solution, into North America."

Can't recall this being announced last month by Serko - guess it's a case of just getting on with the job now with Serko, building up scale and connectivity right throughout the corporate travel industry.

If ASX share price action yesterday is any guide, we should be looking at a sp new high today on NZX! :t_up:

[sb9]

https://www.globenewswire.com/news-release/2019/03/19/1756944/0/en/Direct-Travel-Expands-Offerings-to-Clients-with-Zeno-Travel-Booking-and-Expense-Solution-in-North-America.html

"Travel management company Direct Travel, Inc., North America's fastest growing travel management company, today announced the expansion of its agreement with Serko Ltd. (NZX:SKO, ASX:SKO) for Zeno, Serko’s travel booking and expense management solution, into North America."

Can't recall this being announced last month by Serko - guess it's a case of just getting on with the job now with Serko, building up scale and connectivity right throughout the corporate travel industry.

If ASX share price action yesterday is any guide, we should be looking at a sp new high today on NZX! :t_up:

Great find there Balance, that surely should put a rocket under serko sp. Don't recall seeing that announcement either.

[silu]

fwiw Serko posted this as their key takeaways from the ACTE summit. What stood out of me that apparently 88% of all credit card fraud comes from hotels. Serko offers virtual payment options through their partner Troovo.

1. Traveler expectations change fast and often
With all the airline, hotel and ground transportation options available today, corporate traveler expectations are high. Travelers are now able to pick and choose what is important to them: Wi-Fi, entertainment, food, comfort, travel time… and the list goes on. Because of the wide variety available, traveler expectations change fast and often. To keep up with the trends of the traveler, data is being used to power, monitor, and execute all of this change. If you aren’t harnessing the data on your travel program available to you to monitor these changes and proactively respond to them, you are missing out.



2. Procurement is changing
Successful procurement requires data-driven, automated technology allowing for continual improvement. Therefore, we must seek to secure data in easily usable formats. Travel management and procurement professionals must motivate their suppliers to provide timely, reliable data in a format allowing for quick analysis and decision making. The supplier must be committed to not only providing this data now, but to providing better, more reliable and easily digestible data in the future.



3. Hotels are the biggest target for credit card fraud.

In an era of increasing data security scrutiny, travelers are still battling credit card fraud. At one of the sessions on this topic, it was claimed that 88% of all credit card fraud is generated from hotels. Travelers are already at risk from other security threats while taking time away from their families and the comfort of their own homes. Now the “safe space” of hotels or apartments when traveling are one of the greatest threats to their credit card security. How can travel managers mitigate this risk? Check out virtual payments options such as Serko partner Troovo, which issues one-time use numbers that restrict the use and amount charged to a card and thus reduces the likelihood of credit card fraud.



4. Focus on your customer when it comes to travel technology.

Most corporate travel managers do not have a clear vision of their internal customers. Start by defining: “Who is your customer?” Then develop a strategy to effectively reach your customers quickly and directly. Quick tip: When building new products or offerings it’s okay to fail fast. Gather a willing test group in your organization and then introduce new offerings often and consistently to gain feedback before rolling out new services or products to the entire organization.



5. Work/life balance is gone.
The long-standing dilemma of work and play is still unmastered in 2019. For many of us, the assumption that technology, and the different opportunities allowed for when and where work is done, would allow more flexibility to make life outside of work a higher priority. The general consensus at ACTE was that in fact the opposite is happening. Messaging, email and workplace mobility allow bosses, co-workers and clients to interrupt 24/7. Additionally, the trend of increased business travel is taking a toll on employees. For the average employee, the line between work and life hasn’t just blurred, it’s gone.

[Balance]

5. Work/life balance is gone.
The long-standing dilemma of work and play is still unmastered in 2019. For many of us, the assumption that technology, and the different opportunities allowed for when and where work is done, would allow more flexibility to make life outside of work a higher priority. The general consensus at ACTE was that in fact the opposite is happening. Messaging, email and workplace mobility allow bosses, co-workers and clients to interrupt 24/7. Additionally, the trend of increased business travel is taking a toll on employees. For the average employee, the line between work and life hasn’t just blurred, it’s gone.

To me, this is a most pertinent observation and highlights why it is increasingly critical that companies give their employees maximum flexibility and ease to make and change travel plans.

Zeno - that's the story!

[whatsup]

At $3.50 now just short of its all time high $3.52 looks like that we are on the move again.

[Timesurfer]

Someone lit a fire under SKO today. Must be some good news ahead?

[Balance]

Hope everyone is well positioned ... like Serko!

New high! :t_up:

[sb9]

Hope everyone is well positioned ... like Serko!

New high! :t_up:

$3.60, FULL HOUSE!!! :D:t_up:

[Lorne Ranger]

Someone lit a fire under SKO today. Must be some good news ahead?

If that were true, how is that not insider trading? :mellow:

[Schrodinger]

If that were true, how is that not insider trading? :mellow:

Can the NZX sort out their disclosure rules and other stuff related to regulation? I note we are viewed as an honest country but because of stuff like this, I think it is under reported.

The NZX is a backyard operation and we are viewed as a financial backwater.

Stuff like this doesnt enhance our reputation.

[Balance]

Can the NZX sort out their disclosure rules and other stuff related to regulation? I note we are viewed as an honest country but because of stuff like this, I think it is under reported.

The NZX is a backyard operation and we are viewed as a financial backwater.

Stuff like this doesnt enhance our reputation.

You are assuming insider trading on good news?

Bear in mind the interview and article in AFR which were posted here 2 days ago, recommending Serko.

[Schrodinger]

No I am pointing at Serko and the NZX. Serko for not doing a joint announcement with their US partner and NZX for not enforcing rules.

[silu]

No I am pointing at Serko and the NZX. Serko for not doing a joint announcement with their US partner and NZX for not enforcing rules.

What was the market sensitive information that Serko didn't announce to the NZX? The press release balance posted was hardly sensitive information.

[Leftfield]

No I am pointing at Serko and the NZX. Serko for not doing a joint announcement with their US partner and NZX for not enforcing rules.

I'm pretty sure the info' in the article has been released previously as I recall reading similar words some time ago, not sure where, so DYOR.

Today was a welcome upwards blip in the SP and as said my post#670 I expect more upward movement yet. Fasten your seat belts!

[Balance]

No I am pointing at Serko and the NZX. Serko for not doing a joint announcement with their US partner and NZX for not enforcing rules.

Fair point, Schrodinger.

Kinda leaves one wondering maybe that the deal is not that material (from a Serko point of view) but a great deal from its US partner's perspective?

[Schrodinger]

My bad I thought this was a new announcement. Curious as to why the SP bounced.

[Timesurfer]

Anticipation of a good end of year result I’d guess. Someone thinks they are under represented.

[silu]

Let's finish the week on an all-time high so I can feel great about my investment decisions.

[whatsup]

Let's finish the week on an all-time high so I can feel great about my investment decisions.

DONE , Silu , ATH now @ $3.65 and rising !!

[sb9]

DONE , Silu , ATH now @ $3.65 and rising !!

Closed at $3.48 on ASX which is NZ 3.72 equivalent. Might see another ATH tomorrow.

$4 looks very much on cards before the FY results due out next month.

[Everwood]

Hopefully within the next 12 months this stock will be included in NZX50.

[Oliver Mander]

Rather large spread between buy and sell at the moment....

[Timesurfer]

Not a lot interest on the sell side at all. Hopefully, the FY wash up will reflect the effort they have been putting in and that $5 block will be looking cheap!

[Balance]

Not a lot interest on the sell side at all. Hopefully, the FY wash up will reflect the effort they have been putting in and that $5 block will be looking cheap!

Anyone who sold in the last 2 years have regretted.

[sb9]

Anyone who sold in the last 2 years have regretted.

And anyone who bought in the last 2 years is very happy :t_up:

[Balance]

And anyone who bought in the last 2 years is very happy :t_up:

So big question for those on the sidelines - jump in now or continue to stay out?

I have mentioned before and still hold the view - Serko is like Diligent in so many ways in terms of upside potential.

[BlackPeter]

So big question for those on the sidelines - jump in now or continue to stay out?

I have mentioned before and still hold the view - Serko is like Diligent in so many ways in terms of upside potential.

Is this Diligent before or after the big drop?

But yes, I agree, the potential is huge. Lots of excitement on the way is guaranteed - and whether it crashes or flies we only will know with the benefit of hindsight.

[Balance]

Is this Diligent before or after the big drop?

But yes, I agree, the potential is huge. Lots of excitement on the way is guaranteed - and whether it crashes or flies we only will know with the benefit of hindsight.

Diligent listed badly and dropped down to 8c before its sp started going ever higher. Same pattern happened with Serko.

Then, Diligent suffered from the options accounting issues and its share price suffered a massive drop before it recovered and then, was taken over.

(What a great opportunity that was to buy stock when Milford was rubbishing the company - sp got down to $2.56 in 2013. Takeover price was $7.39 2.5 years later.)

I have full confidence that Serko will not have a Diligent type issue - Chairman Botherway is an old hand and has kept his eyes on the ball every step of the way.

[Timesurfer]

So big question for those on the sidelines - jump in now or continue to stay out?

In the short term the FY results will dictate whether we fly to the end of the year or continue to consolodate for another year. But all things being equal I suspect this time next year you will be happy if you buy in now.

It would be interesting to know if they have any other big signings coming down the pipeline, and how their expansion into full travel expense management is going - if that proves to be popular then I see no reason that we aren't looking at the next XRO nevermind diligent.

But first things first - a good FY result!

[Oliver Mander]

Diligent listed badly and dropped down to 8c before its sp started going ever higher. Same pattern happened with Serko.

Then, Diligent suffered from the options accounting issues and its share price suffered a massive drop before it recovered and then, was taken over.

(What a great opportunity that was to buy stock when Milford was rubbishing the company - sp got down to $2.56 in 2013. Takeover price was $7.39 2.5 years later.)

I have full confidence that Serko will not have a Diligent type issue - Chairman Botherway is an old hand and has kept his eyes on the ball every step of the way.

Well, I've just bought in at $3.67 - $3.69. Have been watching for a while, good to see the revenue growth and the 'holistic' view they maintain on the needs of their customers. So I hope that it isn't a 'Diligent'.

[Leftfield]

Well, I've just bought in at $3.67 - $3.69. Have been watching for a while, good to see the revenue growth and the 'holistic' view they maintain on the needs of their customers. So I hope that it isn't a 'Diligent'.

I wish you well SC..... SKO my second biggest holding after ATM.

[silu]

I wish you well SC..... SKO my second biggest holding after ATM.

Same. Together they make up 50% of my portfolio which is a bit scary but I dare not take cream off the top when there is still so much upside.

[whatsup]

Steady buying again today, does someone know something ahead of the financial results anns ? $ 4-00 next stop !

[sb9]

And in the meantime, someone is happy to cross off-market a decent parcel at few cents higher than on-market.



1
6
2:10:27 pm
371
15,000
$55,650
Off market

[Oliver Mander]

A good chunk of the "steady buying" on-market is me whatsup - and no, I don't know anything. Other than it seems a good long-term growth bet.

[Timesurfer]

Same. Together they make up 50% of my portfolio which is a bit scary but I dare not take cream off the top when there is still so much upside.

SKO is now sitting just under 50% of my portfolio value - but I am not selling either. My best buy is close to returning 120% and I am over 40% average. Not bad for about 14 months. Makes it difficult to keep pouring enough money into other shares so I can pretend I have a balanced portfolio!

[Balance]

SKO sp could very well come back after they report their results - some in the stock do not fully appreciate SKO's strategy of building up scale and sustainable & annuity income.

But then, maybe they have all left the register which is why stock is becoming harder and harder to come by without paying up!

[pg0220]

SKO sp could very well come back after they report their results - some in the stock do not fully appreciate SKO's strategy of building up scale and sustainable & annuity income.

But then, maybe they have all left the register which is why stock is becoming harder and harder to come by without paying up!

I remember what happened to GTK when they released their latest result. My understanding was that the result was no surprise but the SP just plummeted and is still not coming back to the highs it used to be. Both SKO and GTK are great solid companies with excellent products, but it is always good to be cautious when SP reaches its new high without particular announcements especially before a result announcement.

Well I am always 99% wrong though and BAL just proved that XD

[Oliver Mander]

I remember what happened to GTK when they released their latest result. My understanding was that the result was no surprise but the SP just plummeted and is still not coming back to the highs it used to be. Both SKO and GTK are great solid companies with excellent products, but it is always good to be cautious when SP reaches its new high without particular announcements especially before a result announcement.

Well I am always 99% wrong though and BAL just proved that XD

nervous now! hopefully the fundamentals will pull through....

[whatsup]

Im too lazy, when are the results due this year ? 23 May last year !

[Lorne Ranger]

SKO sp could very well come back after they report their results - some in the stock do not fully appreciate SKO's strategy of building up scale and sustainable & annuity income.


All income and sustainability figures seem to be ignored these days in favour of quarterly growth percentages. Legacy of Xero..... (Sounds like an XBOX game for share nerds).

[Balance]

Very auspicious too that none of the brokers picked SKO for 2019, just as none of them did in 2017 when Serko was the absolutely top performing stock (+800%) that year.

Aren't holders and new shareholders glad brokers have not picked Serko in their top picks for 2018, and then 2019?

Always like to look closely at a stock which is not well understood or covered by the brokers - until it bursts through into the NZX50.

35.6% gain so far since Jan 1st, 2019 - more than double that of NZ50 market's 15.1%.

Not as good as ATM's 53% gain (top pick by the brokers) so there's till some catching up to do. :p

[Timesurfer]

Lots of year left yet ;) ATM has peaked too early.

Looking at LeftField's picks sitting at #2, he is going to be pretty tough to beat this year when IKE finally fires.

800% ... a few more of them years would be nice.

[silu]

All income and sustainability figures seem to be ignored these days in favour of quarterly growth percentages. Legacy of Xero..... (Sounds like an XBOX game for share nerds).

two sentiments I share in one quoted post (balance & Lorne Ranger). Happy to hold whole parcel despite being a huge part of my portfolio.

[smalltrader]

Results out in a week. What is the sp indicating?

[Timesurfer]

It appears to be reflecting a nervous market, with low volume trading? I am not aware of any news that would indicate an unexpected result next week.

[Lorne Ranger]

Results out in a week. What is the sp indicating?

Looks like some low-confidence traders are bolting before the results, as expected. Could make for an impressive lift if results are positive as would include the 2-3 day dip.

[sb9]

Looks like some low-confidence traders are bolting before the results, as expected. Could make for an impressive lift if results are positive as would include the 2-3 day dip.

Not expecting any great surprises numbers wise as they didn't provide any trading update to that affect. It would be business as usual, however what will be more important is the outlook statements.

[silu]

Not expecting any great surprises numbers wise as they didn't provide any trading update to that affect. It would be business as usual, however what will be more important is the outlook statements.

I'm especially will be looking at North American figures. Tony D’Astolfo had a year in the job and by the looks of it the team is going well.

[winner69]

Pretty good result

Charts look good in presentation

One to keep believing the story and keeping the faith

Still valued at 13 to 14 times revenues ...but no worries

https://www.sharetrader.co.nz/showthread.php?10386-AFT-Pharmaceuticals&highlight=Aft

[silu]

Nothing in that report that would question my investment in Serko. Onward and Upwards. Current forecast of operating revenue growth of 20-40% which is pretty broad but understandable as pieces still get moved around for expansion. North America showed a 222% growth in revenue albeit from a very small base (still smaller than NZ). Their biggest market Australia still managed a 10% increase.

The market will decide what it's worth in the short therm but long term this still looks like an attractive investment.

[Leftfield]

Mmmm muted market reaction to what seems a good report with forecast revenue growth of 20 to 40% for FY20. Amazing success in Australia & NZ with over 90% market penetration.

Looks like Mr Market expected more growth from USA/Europe (up 220% from a low base not enough it seems.)

The August update needs to be good IMHO. A hold for me, I'll only add more when I see more traction in the US.

[Lorne Ranger]

HA!! Market in stasis while all look at each other waiting to figure if the market will take it positively (excellent market penetration, decent growth and promising investment figures) or negatively (not Xero level of expansion). I think whichever way it goes in the immediate short term it will be above 3.50 by the end of the month as it is clearly a good investment (in my eyes).

[sb9]

HA!! Market in stasis while all look at each other waiting to figure if the market will take it positively (excellent market penetration, decent growth and promising investment figures) or negatively (not Xero level of expansion). I think whichever way it goes in the immediate short term it will be above 3.50 by the end of the month as it is clearly a good investment (in my eyes).

Agree 100%, finished listening to the conf call just now. They seem to be going as per plan and all on track.

[Timesurfer]

investment figures) or negatively (not Xero level of expansion)

Not bleeding coin like Xero either, on the plus side.
l like the way they are cementing themselves as in integral part of each customer/service they expand into. Their philosophy is not just about customer aquisition it is about retention and value adding. As Darren pointed out they have point of difference to all their "competition." A great business model in my view.

[Drew95]

Down 13cents. This surprised me.
10553

[Lorne Ranger]

Down 13cents. This surprised me.


Speculators drifting off as were hoping for a more positive surprise (then would have cashed in anyway), investors will wait couple of days for the room to thin then gobble up shares on the oversell. Disclaimer: thats my plan :p

[Timesurfer]

Speculators drifting off as were hoping for a more positive surprise (then would have cashed in anyway), investors will wait couple of days for the room to thin then gobble up shares on the oversell. Disclaimer: thats my plan :p

Shhh I am happy watching the price tumble a little more before hitting the buy button too!
My pre-Christmas special buys are still looking pretty good even with this little tumble.

[Yoda]

Down 12% of April,s high. Might be an opportunity...

[sb9]

Speculators drifting off as were hoping for a more positive surprise (then would have cashed in anyway), investors will wait couple of days for the room to thin then gobble up shares on the oversell. Disclaimer: thats my plan :p

Looks like that low price buying opportunity may have sailed with a decent crossing this morning at $3.375.

[silu]

Congratulations to Darrin Grafton and the team at Serko on winning the 2019 Emerging Leaders award!

Also for those even without a NBR sub you get 50 seconds of Darrin speaking about the exciting future ahead https://twitter.com/TheNBR/status/1131063893697159168?s=20

[Leftfield]

Looks like that low price buying opportunity may have sailed with a decent crossing this morning at $3.375.

Nice late lift today up over $3.50. Looks like Mr/Ms Market likes the result after all!

[sb9]

1
5
3:28:32 pm
355
28,000
$99,400
Off market



New uptrend forming soon?

[silu]

Love it that if one wants a big parcel it has to be at a premium to market. Holders holding tight.

[sb9]

Love it that if one wants a big parcel it has to be at a premium to market. Holders holding tight.

But wait there's more...



1
6
3:47:26 pm
355
100,000
$355,000
Off market

[sb9]

My near/short term target is $4

[sb9]

More media write up..

http://www.eglobaltravelmedia.com.au/serko-prepares-for-northern-hemisphere-as-growth-continues/

Particularly like the below bits...

“Demand for Zeno in North America has exceeded our in-house capacity to deliver. In response, we have boosted our resourcing and prioritised development as we configure Zeno to meet the operational and marketing needs of these customers. This includes integrating complex travel content and associated services, as well as customised TMC integration work.
“Our expanded team and the use of contractors will result in the progressive delivery of the commercial Zeno roll out in the US commencing early in the second half of the 2020 financial year. This investment will result in another year of cash burn, however this is an extraordinary level of investment, which is subsequently expected to normalise in the 2021 financial year. We expect to accommodate this investment within our existing balance sheet resources. We anticipate that the customer agreements we have signed to date will generate strong revenue and EBITDAF growth in years to come.

[Timesurfer]

We expect to accommodate this investment within our existing balance sheet resources.

That I like. Along with:


Over the 2020 financial year the benefits of that ongoing investment will become apparent as we move from start-up to scale-up in those markets.


I might have to find a way to increase my holdings over the next few months.

[whatsup]

More media write up..

http://www.eglobaltravelmedia.com.au/serko-prepares-for-northern-hemisphere-as-growth-continues/

Particularly like the below bits...

“Demand for Zeno in North America has exceeded our in-house capacity to deliver. In response, we have boosted our resourcing and prioritised development as we configure Zeno to meet the operational and marketing needs of these customers. This includes integrating complex travel content and associated services, as well as customised TMC integration work.
“Our expanded team and the use of contractors will result in the progressive delivery of the commercial Zeno roll out in the US commencing early in the second half of the 2020 financial year. This investment will result in another year of cash burn, however this is an extraordinary level of investment, which is subsequently expected to normalise in the 2021 financial year. We expect to accommodate this investment within our existing balance sheet resources. We anticipate that the customer agreements we have signed to date will generate strong revenue and EBITDAF growth in years to come.


$3.75 all time high, well done team and much much MUCH more to come imho !

[sb9]

$3.75 all time high, well done team and much much MUCH more to come imho !

$4 target appears to be just few trading days away as time passes by.

[sb9]

I might have to find a way to increase my holdings over the next few months.

Yeah I did consider topping up when it down after the results to 3.30 mark, but no funds at disposal. Anyway, happy with my original and a top up both from last year.

[silu]

I can't really top up because it's already 20% of my total portfolio.............actually it is because I don't have any free cash flow at the moment.

and yeah let's be happy about the ALL TIME HIGH!!

[sb9]

You really gotta wonder how much is that IP for their travel software worth? Guess that's the real piece of puzzle and a big North American client with deep pockets might put a nice premium to acquire them whole.

[silu]

About 3:20 into the video they talk about Serko. Basically they say hold/sell on OZ corporate travel stock but love Serko because it's their software that runs all of them. https://youtu.be/JMl9flVrOsA

Takeover? I always thought that a behemoth like American Express might be interested at some stage. But it would have to be at a HUGE premium to current levels. Let this NZ success story grow I say!

[sb9]

Takeover? I always thought that a behemoth like American Express might be interested at some stage. But it would have to be at a HUGE premium to current levels. Let this NZ success story grow I say!

I sincerely wish they are not bought over and turn out to be another of those darlings like XRO or ATM.

[Leftfield]

$3.75 all time high, well done team and much much MUCH more to come imho !

Lovely day for holders. SKO is my second largest holding after ATM but SKO now being chased by PLX which has come rapidly out of nowhere!

Happy days!

[silu]

Lovely day for holders. SKO is my second largest holding after ATM but SKO now being chased by PLX which has come rapidly out of nowhere!

Happy days!

Same. ATM is 30% and Serko 20% of my portfolio